Bleakley Financial Group LLC Has $1.01 Million Stock Holdings in Republic Services, Inc. (NYSE:RSG)

Bleakley Financial Group LLC increased its stake in shares of Republic Services, Inc. (NYSE:RSG) by 5.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,277 shares of the business services provider’s stock after buying an additional 266 shares during the period. Bleakley Financial Group LLC’s holdings in Republic Services were worth $1,010,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. YHB Investment Advisors Inc. bought a new stake in shares of Republic Services during the first quarter worth $29,000. Bogart Wealth LLC bought a new stake in Republic Services during the 4th quarter worth about $30,000. Turtle Creek Wealth Advisors LLC acquired a new position in Republic Services during the 4th quarter valued at about $34,000. Jones Financial Companies Lllp boosted its stake in shares of Republic Services by 3,014.3% in the 4th quarter. Jones Financial Companies Lllp now owns 218 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 211 shares during the last quarter. Finally, BKM Wealth Management LLC acquired a new stake in shares of Republic Services during the 4th quarter worth approximately $37,000. Institutional investors own 57.73% of the company’s stock.

Republic Services Stock Up 0.6 %

Republic Services stock traded up $1.27 during mid-day trading on Wednesday, reaching $205.45. The company’s stock had a trading volume of 1,017,050 shares, compared to its average volume of 1,195,389. The business’s 50 day simple moving average is $190.37 and its 200 day simple moving average is $184.17. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.53 and a current ratio of 0.53. Republic Services, Inc. has a 12 month low of $140.23 and a 12 month high of $206.48. The company has a market capitalization of $64.70 billion, a price-to-earnings ratio of 35.82, a price-to-earnings-growth ratio of 3.38 and a beta of 0.69.

Republic Services (NYSE:RSG) last released its earnings results on Tuesday, April 30th. The business services provider reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.10. Republic Services had a return on equity of 17.56% and a net margin of 11.81%. The business had revenue of $3.86 billion for the quarter, compared to the consensus estimate of $3.89 billion. During the same quarter in the previous year, the business earned $1.24 earnings per share. Republic Services’s quarterly revenue was up 7.8% on a year-over-year basis. As a group, research analysts anticipate that Republic Services, Inc. will post 6.05 earnings per share for the current year.

Republic Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Tuesday, July 2nd were issued a $0.535 dividend. This represents a $2.14 annualized dividend and a dividend yield of 1.04%. The ex-dividend date of this dividend was Tuesday, July 2nd. Republic Services’s payout ratio is presently 37.54%.

Analyst Ratings Changes

Several analysts have commented on the stock. Scotiabank upped their target price on shares of Republic Services from $211.00 to $213.00 and gave the company a “sector perform” rating in a research report on Wednesday, May 1st. UBS Group lifted their price objective on shares of Republic Services from $195.00 to $200.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 1st. The Goldman Sachs Group upped their target price on shares of Republic Services from $209.00 to $230.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. StockNews.com raised shares of Republic Services from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. Finally, Truist Financial upgraded shares of Republic Services from a “hold” rating to a “buy” rating and upped their price objective for the company from $192.00 to $220.00 in a research report on Thursday, July 11th. Seven analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Republic Services has an average rating of “Moderate Buy” and an average price target of $203.64.

Insider Buying and Selling

In other news, Director Katharine Weymouth acquired 540 shares of the firm’s stock in a transaction dated Tuesday, June 4th. The stock was bought at an average price of $185.26 per share, with a total value of $100,040.40. Following the transaction, the director now directly owns 540 shares in the company, valued at approximately $100,040.40. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Republic Services news, Director Katharine Weymouth acquired 540 shares of the business’s stock in a transaction dated Tuesday, June 4th. The stock was bought at an average cost of $185.26 per share, with a total value of $100,040.40. Following the completion of the transaction, the director now directly owns 540 shares in the company, valued at approximately $100,040.40. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CMO Amanda Hodges sold 6,500 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $186.02, for a total value of $1,209,130.00. Following the transaction, the chief marketing officer now directly owns 6,831 shares in the company, valued at $1,270,702.62. The disclosure for this sale can be found here. 0.09% of the stock is owned by corporate insiders.

About Republic Services

Republic Services, Inc, together with its subsidiaries, offers environmental services in the United States and Canada. It is involved in the collection and processing of recyclable, solid waste, and industrial waste materials; transportation and disposal of non-hazardous and hazardous waste streams; and other environmental solutions.