Hickory Point Bank & Trust Cuts Stock Position in Republic Services, Inc. (NYSE:RSG)

Hickory Point Bank & Trust lowered its holdings in Republic Services, Inc. (NYSE:RSG) by 3.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,809 shares of the business services provider’s stock after selling 120 shares during the period. Republic Services comprises 0.8% of Hickory Point Bank & Trust’s holdings, making the stock its 22nd largest position. Hickory Point Bank & Trust’s holdings in Republic Services were worth $922,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Arcadia Investment Management Corp MI raised its stake in shares of Republic Services by 200.0% during the 4th quarter. Arcadia Investment Management Corp MI now owns 132 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 88 shares during the period. New Age Alpha Advisors LLC increased its position in shares of Republic Services by 70.2% during the 4th quarter. New Age Alpha Advisors LLC now owns 177 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 73 shares during the last quarter. Park Square Financial Group LLC bought a new position in shares of Republic Services during the 4th quarter valued at about $44,000. Generali Asset Management SPA SGR purchased a new stake in Republic Services during the 4th quarter valued at about $45,000. Finally, Bank of Jackson Hole Trust purchased a new stake in Republic Services during the 4th quarter valued at about $48,000. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Raymond James reaffirmed an “outperform” rating on shares of Republic Services in a research note on Wednesday, April 16th. BMO Capital Markets raised their price objective on Republic Services from $260.00 to $268.00 and gave the company an “outperform” rating in a research report on Friday, April 25th. CIBC raised Republic Services from a “neutral” rating to a “sector outperform” rating and set a $264.00 price objective for the company in a research report on Tuesday, March 4th. William Blair reissued an “outperform” rating on shares of Republic Services in a research report on Friday, April 25th. Finally, The Goldman Sachs Group raised their price target on Republic Services from $239.00 to $265.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Eight equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $250.44.

Republic Services Stock Down 0.1%

Shares of RSG opened at $252.93 on Friday. The stock has a market capitalization of $79.04 billion, a price-to-earnings ratio of 38.97, a price-to-earnings-growth ratio of 3.64 and a beta of 0.63. Republic Services, Inc. has a 1 year low of $185.07 and a 1 year high of $258.75. The business’s 50 day simple moving average is $246.33 and its 200-day simple moving average is $228.91. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.58 and a quick ratio of 0.64.

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

Republic Services Announces Dividend

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 given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date of this dividend is Wednesday, July 2nd. Republic Services’s payout ratio is currently 34.99%.

Republic Services Company 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.