AAFMAA Wealth Management & Trust LLC Reduces Position in Republic Services, Inc. (NYSE:RSG)

AAFMAA Wealth Management & Trust LLC decreased its holdings in Republic Services, Inc. (NYSE:RSG) by 19.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,909 shares of the business services provider’s stock after selling 1,856 shares during the quarter. AAFMAA Wealth Management & Trust LLC’s holdings in Republic Services were worth $1,915,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Norges Bank bought a new stake in shares of Republic Services in the fourth quarter worth $553,039,000. GAMMA Investing LLC grew its holdings in Republic Services by 39,024.4% during the 1st quarter. GAMMA Investing LLC now owns 2,226,177 shares of the business services provider’s stock worth $539,091,000 after acquiring an additional 2,220,487 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Republic Services in the 4th quarter worth about $184,827,000. Price T Rowe Associates Inc. MD raised its stake in shares of Republic Services by 10.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,317,804 shares of the business services provider’s stock valued at $1,069,836,000 after purchasing an additional 499,237 shares in the last quarter. Finally, Alyeska Investment Group L.P. lifted its position in shares of Republic Services by 170.6% during the fourth quarter. Alyeska Investment Group L.P. now owns 584,345 shares of the business services provider’s stock worth $117,559,000 after purchasing an additional 368,395 shares during the last quarter. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Republic Services Stock Performance

RSG opened at $252.93 on Friday. Republic Services, Inc. has a twelve month low of $185.07 and a twelve month high of $258.75. The stock has a market cap of $79.04 billion, a PE ratio of 38.97, a price-to-earnings-growth ratio of 3.64 and a beta of 0.63. The business’s 50 day moving average is $246.33 and its 200-day moving average is $228.80. The company has a current ratio of 0.58, a quick ratio of 0.64 and a debt-to-equity ratio of 1.04.

Republic Services (NYSE:RSG) last announced its quarterly earnings results on Thursday, April 24th. The business services provider reported $1.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.53 by $0.05. The company had revenue of $4.01 billion during the quarter, compared to analyst estimates of $4.08 billion. Republic Services had a return on equity of 18.28% and a net margin of 12.74%. The firm’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.45 EPS. On average, analysts predict that Republic Services, Inc. will post 6.86 earnings per share for the current year.

Republic Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Wednesday, July 2nd will be paid a dividend of $0.58 per share. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $2.32 dividend on an annualized basis and a dividend yield of 0.92%. Republic Services’s dividend payout ratio is presently 34.99%.

Wall Street Analyst Weigh In

RSG has been the topic of several research reports. Wall Street Zen cut Republic Services from a “buy” rating to a “hold” rating in a research note on Saturday, May 24th. Stifel Nicolaus upped their price target on Republic Services from $240.00 to $257.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Raymond James reaffirmed an “outperform” rating on shares of Republic Services in a report on Wednesday, April 16th. Scotiabank increased their target price on shares of Republic Services from $233.00 to $250.00 and gave the stock a “sector perform” rating in a report on Tuesday, April 8th. Finally, JPMorgan Chase & Co. raised their price target on shares of Republic Services from $229.00 to $275.00 and gave the stock a “neutral” rating in a research report on Friday, May 23rd. Eight research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Republic Services currently has an average rating of “Moderate Buy” and a consensus target price of $250.44.

Republic Services Profile

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.