Flavin Financial Services Inc. Raises Holdings in Republic Services, Inc. (NYSE:RSG)

Flavin Financial Services Inc. lifted its holdings in Republic Services, Inc. (NYSE:RSG) by 2.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,494 shares of the business services provider’s stock after buying an additional 184 shares during the quarter. Republic Services accounts for 1.7% of Flavin Financial Services Inc.’s portfolio, making the stock its 24th biggest holding. Flavin Financial Services Inc.’s holdings in Republic Services were worth $1,815,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. New Age Alpha Advisors LLC grew its stake 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 worth $36,000 after purchasing an additional 73 shares during the period. Park Square Financial Group LLC acquired a new position in Republic Services during the fourth quarter worth about $44,000. Generali Asset Management SPA SGR purchased a new position in Republic Services in the fourth quarter valued at about $45,000. Proathlete Wealth Management LLC acquired a new stake in shares of Republic Services during the 1st quarter valued at approximately $76,000. Finally, Alpine Bank Wealth Management acquired a new stake in shares of Republic Services in the 1st quarter worth approximately $77,000. Institutional investors and hedge funds own 57.73% of the company’s stock.

Republic Services Stock Performance

NYSE:RSG opened at $244.12 on Thursday. Republic Services, Inc. has a fifty-two week low of $188.82 and a fifty-two week high of $258.75. The firm’s 50 day moving average is $248.84 and its two-hundred day moving average is $231.71. The company has a market cap of $76.29 billion, a P/E ratio of 36.82, a P/E/G ratio of 3.84 and a beta of 0.63. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.10.

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

Republic Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Wednesday, July 2nd will be issued a $0.58 dividend. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $2.32 annualized dividend and a yield of 0.95%. Republic Services’s payout ratio is 34.99%.

Analyst Upgrades and Downgrades

RSG has been the subject of several recent research reports. Cibc World Mkts upgraded shares of Republic Services from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 4th. Citigroup raised their price objective on shares of Republic Services from $265.00 to $278.00 and gave the stock a “buy” rating in a research note on Tuesday, April 29th. Morgan Stanley upped their target price on Republic Services from $230.00 to $245.00 and gave the company an “equal weight” rating in a research note on Friday, April 25th. Melius initiated coverage on Republic Services in a report on Monday, June 9th. They set a “hold” rating on the stock. Finally, Seaport Res Ptn upgraded Republic Services to a “strong-buy” rating in a research report on Tuesday, May 6th. Ten research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Republic Services has an average rating of “Moderate Buy” and an average target price of $252.68.

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.