Legacy Financial Advisors Inc. Takes $205,000 Position in Republic Services, Inc. $RSG

Legacy Financial Advisors Inc. bought a new position in shares of Republic Services, Inc. (NYSE:RSG) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 848 shares of the business services provider’s stock, valued at approximately $205,000.

A number of other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Republic Services by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 18,761,276 shares of the business services provider’s stock worth $4,543,231,000 after acquiring an additional 170,548 shares during the period. Wellington Management Group LLP boosted its position in shares of Republic Services by 0.7% during the 1st quarter. Wellington Management Group LLP now owns 5,939,202 shares of the business services provider’s stock valued at $1,438,237,000 after purchasing an additional 42,019 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in Republic Services by 10.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,317,804 shares of the business services provider’s stock worth $1,069,836,000 after purchasing an additional 499,237 shares during the period. JPMorgan Chase & Co. increased its holdings in Republic Services by 4.3% in the first quarter. JPMorgan Chase & Co. now owns 2,872,235 shares of the business services provider’s stock worth $695,541,000 after purchasing an additional 119,158 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in Republic Services by 13.1% in the fourth quarter. Northern Trust Corp now owns 2,426,215 shares of the business services provider’s stock valued at $488,106,000 after buying an additional 280,542 shares during the period. Institutional investors own 57.73% of the company’s stock.

Republic Services Trading Up 0.5%

RSG opened at $236.0620 on Thursday. The firm has a market capitalization of $73.70 billion, a PE ratio of 34.92, a P/E/G ratio of 3.66 and a beta of 0.60. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.66 and a quick ratio of 0.66. Republic Services, Inc. has a fifty-two week low of $197.60 and a fifty-two week high of $258.75. The company’s 50-day moving average is $240.78 and its 200 day moving average is $240.19.

Republic Services (NYSE:RSG) last issued its quarterly earnings data on Tuesday, July 29th. The business services provider reported $1.77 EPS for the quarter, topping the consensus estimate of $1.76 by $0.01. The firm had revenue of $4.24 billion during the quarter, compared to the consensus estimate of $4.26 billion. Republic Services had a return on equity of 18.27% and a net margin of 12.97%.The company’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.61 earnings per share. Republic Services has set its FY 2025 guidance at 6.820-6.900 EPS. As a group, research analysts predict that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.

Republic Services Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Thursday, October 2nd will be issued a dividend of $0.625 per share. The ex-dividend date of this dividend is Thursday, October 2nd. This represents a $2.50 dividend on an annualized basis and a yield of 1.1%. This is a positive change from Republic Services’s previous quarterly dividend of $0.58. Republic Services’s payout ratio is presently 34.32%.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Robert W. Baird raised their price objective on shares of Republic Services from $232.00 to $245.00 and gave the stock a “neutral” rating in a research report on Friday, April 25th. JPMorgan Chase & Co. upped their price objective on shares of Republic Services from $229.00 to $275.00 and gave the company a “neutral” rating in a report on Friday, May 23rd. Raymond James Financial raised their target price on Republic Services from $257.00 to $260.00 and gave the company an “outperform” rating in a research note on Tuesday, July 22nd. Citigroup boosted their target price on 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 reiterated an “outperform” rating and issued a $266.00 price target on shares of Republic Services in a report on Friday, April 25th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, Republic Services presently has a consensus rating of “Moderate Buy” and an average price target of $262.17.

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.