Phillips Wealth Planners LLC Has $686,000 Stake in Republic Services, Inc. (NYSE:RSG)

Phillips Wealth Planners LLC decreased its stake in Republic Services, Inc. (NYSE:RSG) by 1.5% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 2,811 shares of the business services provider’s stock after selling 44 shares during the period. Phillips Wealth Planners LLC’s holdings in Republic Services were worth $686,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Perigon Wealth Management LLC lifted its stake in Republic Services by 4.4% in the first quarter. Perigon Wealth Management LLC now owns 1,217 shares of the business services provider’s stock valued at $295,000 after buying an additional 51 shares during the period. Alpine Bank Wealth Management acquired a new position in Republic Services in the first quarter valued at about $77,000. Golden State Wealth Management LLC lifted its stake in Republic Services by 11,433.3% in the first quarter. Golden State Wealth Management LLC now owns 346 shares of the business services provider’s stock valued at $84,000 after buying an additional 343 shares during the period. Aurora Private Wealth Inc. acquired a new stake in shares of Republic Services during the first quarter worth about $4,172,000. Finally, Spire Wealth Management raised its position in shares of Republic Services by 20.0% during the first quarter. Spire Wealth Management now owns 7,746 shares of the business services provider’s stock worth $1,876,000 after purchasing an additional 1,289 shares during the period. Institutional investors and hedge funds own 57.73% of the company’s stock.

Republic Services Stock Down 2.6%

RSG stock opened at $244.12 on Thursday. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.10. The business has a 50 day moving average price of $248.84 and a two-hundred day moving average price of $231.71. The company has a market cap of $76.29 billion, a price-to-earnings ratio of 36.82, a P/E/G ratio of 3.84 and a beta of 0.63. Republic Services, Inc. has a twelve month low of $188.82 and a twelve month high of $258.75.

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

Republic Services Dividend Announcement

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

Wall Street Analyst Weigh In

RSG has been the topic of a number of research analyst reports. National Bank Financial raised Republic Services to a “hold” rating in a research report on Monday, May 26th. Wall Street Zen lowered Republic Services from a “buy” rating to a “hold” rating in a research report on Saturday, May 24th. Raymond James Financial reaffirmed an “outperform” rating on shares of Republic Services in a research report on Wednesday, April 16th. JPMorgan Chase & Co. raised their price target on Republic Services from $229.00 to $275.00 and gave the stock a “neutral” rating in a research report on Friday, May 23rd. Finally, Scotiabank raised their price target on Republic Services from $233.00 to $250.00 and gave the stock a “sector perform” rating in a research report on Tuesday, April 8th. Ten research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus 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.