Union Bancaire Privee UBP SA Purchases 9,019 Shares of Republic Services, Inc. (NYSE:RSG)

Union Bancaire Privee UBP SA lifted its holdings in Republic Services, Inc. (NYSE:RSG) by 5.8% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 165,193 shares of the business services provider’s stock after purchasing an additional 9,019 shares during the period. Union Bancaire Privee UBP SA’s holdings in Republic Services were worth $38,922,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Versant Capital Management Inc grew its stake in Republic Services by 0.4% in 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 in the last quarter. Silvercrest Asset Management Group LLC raised its position in Republic Services by 0.5% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 8,648 shares of the business services provider’s stock valued at $1,740,000 after purchasing an additional 46 shares in the last quarter. FORA Capital LLC lifted its holdings in shares of Republic Services by 0.7% in the 4th quarter. FORA Capital LLC now owns 7,659 shares of the business services provider’s stock worth $1,541,000 after buying an additional 50 shares during the period. Rothschild Investment LLC grew its position in shares of Republic Services by 9.3% during the 1st quarter. Rothschild Investment LLC now owns 599 shares of the business services provider’s stock worth $145,000 after buying an additional 51 shares in the last quarter. Finally, Tower Wealth Partners Inc. increased its stake 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 valued at $341,000 after buying an additional 54 shares during the period. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Republic Services Stock Performance

Shares of RSG opened at $248.14 on Thursday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.64 and a current ratio of 0.58. The stock has a 50-day moving average of $246.67 and a two-hundred day moving average of $229.50. The stock has a market cap of $77.54 billion, a P/E ratio of 38.23, a P/E/G ratio of 3.64 and a beta of 0.63. Republic Services, Inc. has a one year low of $185.07 and a one year high of $258.75.

Republic Services (NYSE:RSG) last released its 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. Republic Services had a return on equity of 18.28% and a net margin of 12.74%. The firm had revenue of $4.01 billion during the quarter, compared to the consensus estimate of $4.08 billion. During the same quarter in the previous year, the company posted $1.45 earnings per share. The company’s revenue was up 3.8% compared to the same quarter last year. As a group, research analysts predict that Republic Services, Inc. will post 6.86 EPS for the current year.

Republic Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Wednesday, July 2nd will be issued a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 0.93%. The ex-dividend date is Wednesday, July 2nd. Republic Services’s dividend payout ratio (DPR) is currently 34.99%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on RSG shares. Seaport Res Ptn upgraded shares of Republic Services to a “strong-buy” rating in a report on Tuesday, May 6th. Truist Financial raised their price objective on Republic Services from $250.00 to $270.00 and gave the company a “buy” rating in a research report on Tuesday, April 22nd. UBS Group boosted their target price on shares of Republic Services from $240.00 to $250.00 and gave the stock a “neutral” rating in a report on Friday, April 11th. Melius Research upgraded shares of Republic Services to a “hold” rating and set a $281.00 price target on the stock in a report on Monday. Finally, Citigroup lifted their price objective 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. Ten investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $252.68.

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.