946 Shares in Republic Services, Inc. (NYSE:RSG) Purchased by Wolf Group Capital Advisors

Wolf Group Capital Advisors bought a new position in shares of Republic Services, Inc. (NYSE:RSG) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 946 shares of the business services provider’s stock, valued at approximately $229,000.

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

Republic Services Trading Down 0.3%

Shares of Republic Services stock opened at $248.13 on Thursday. The firm has a market capitalization of $77.54 billion, a PE ratio of 37.43, a price-to-earnings-growth ratio of 3.81 and a beta of 0.63. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.10. The firm’s 50 day moving average is $248.37 and its 200 day moving average is $230.58. Republic Services, Inc. has a 1 year low of $188.82 and a 1 year high of $258.75.

Republic Services (NYSE:RSG) last posted its earnings results on Thursday, April 24th. The business services provider reported $1.58 earnings per share for the quarter, topping analysts’ consensus estimates of $1.53 by $0.05. Republic Services had a net margin of 12.88% and a return on equity of 18.28%. The firm had revenue of $4.01 billion for the quarter, compared to analyst estimates of $4.08 billion. During the same period in the previous year, the firm posted $1.45 EPS. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year. Equities research analysts forecast that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.

Republic Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Wednesday, July 2nd will be issued a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date of this dividend is Wednesday, July 2nd. Republic Services’s payout ratio is 34.99%.

Wall Street Analyst Weigh In

Several analysts have weighed in on RSG shares. Melius started coverage on shares of Republic Services in a research note on Monday, June 9th. They issued a “hold” rating for the company. Seaport Res Ptn upgraded shares of Republic Services to a “strong-buy” rating in a research report on Tuesday, May 6th. Truist Financial boosted their target price on shares of Republic Services from $250.00 to $270.00 and gave the company a “buy” rating in a research report on Tuesday, April 22nd. Citigroup boosted their target price on shares of Republic Services from $265.00 to $278.00 and gave the company a “buy” rating in a research report on Tuesday, April 29th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $266.00 target price on shares of Republic Services in a research report on Friday, April 25th. Ten 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 MarketBeat, Republic Services has an average rating of “Moderate Buy” and an average price target of $252.68.

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.