Impact Capital Partners LLC Buys 231 Shares of Republic Services, Inc. (NYSE:RSG)

Impact Capital Partners LLC boosted its stake in Republic Services, Inc. (NYSE:RSG) by 2.7% during the 1st quarter, HoldingsChannel reports. The fund owned 8,693 shares of the business services provider’s stock after acquiring an additional 231 shares during the quarter. Impact Capital Partners LLC’s holdings in Republic Services were worth $2,105,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Versant Capital Management Inc increased its holdings in shares of Republic Services by 0.4% during the first quarter. Versant Capital Management Inc now owns 9,973 shares of the business services provider’s stock worth $2,415,000 after purchasing an additional 44 shares during the period. Silvercrest Asset Management Group LLC increased its holdings in shares of Republic Services by 0.5% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 8,648 shares of the business services provider’s stock worth $1,740,000 after purchasing an additional 46 shares during the period. FORA Capital LLC increased its holdings in shares of Republic Services by 0.7% during the fourth quarter. FORA Capital LLC now owns 7,659 shares of the business services provider’s stock worth $1,541,000 after purchasing an additional 50 shares during the period. Rothschild Investment LLC increased its holdings in shares of Republic Services by 9.3% during the first quarter. Rothschild Investment LLC now owns 599 shares of the business services provider’s stock worth $145,000 after purchasing an additional 51 shares during the period. Finally, Tower Wealth Partners Inc. increased its holdings in shares of Republic Services by 3.3% during the fourth quarter. Tower Wealth Partners Inc. now owns 1,697 shares of the business services provider’s stock worth $341,000 after purchasing an additional 54 shares during the period. 57.73% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on RSG shares. Wall Street Zen lowered shares of Republic Services from a “buy” rating to a “hold” rating in a research report on Saturday, May 24th. Citigroup increased their price target on shares of Republic Services from $265.00 to $278.00 and gave the stock a “buy” rating in a research report on Tuesday, April 29th. Morgan Stanley increased their price target on shares of Republic Services from $230.00 to $245.00 and gave the stock an “equal weight” rating in a research report on Friday, April 25th. JPMorgan Chase & Co. increased 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. Finally, BMO Capital Markets increased their price target on shares of Republic Services from $260.00 to $268.00 and gave the stock an “outperform” rating in a research report on Friday, April 25th. Eight equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $250.44.

Republic Services Stock Performance

Shares of Republic Services stock opened at $252.93 on Friday. Republic Services, Inc. has a fifty-two week low of $185.07 and a fifty-two week high of $258.75. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.58 and a quick ratio of 0.64. The firm has a market capitalization of $79.04 billion, a P/E ratio of 38.97, a P/E/G ratio of 3.64 and a beta of 0.63. The company’s 50 day moving average price is $246.33 and its two-hundred day moving average price is $228.80.

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

Republic Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Wednesday, July 2nd will be issued a dividend of $0.58 per share. The ex-dividend date 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 (DPR) is presently 34.99%.

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.