Wedmont Private Capital Buys 197 Shares of Republic Services, Inc. (NYSE:RSG)

Wedmont Private Capital boosted its stake in shares of Republic Services, Inc. (NYSE:RSG) by 11.2% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,955 shares of the business services provider’s stock after buying an additional 197 shares during the period. Wedmont Private Capital’s holdings in Republic Services were worth $369,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Bogart Wealth LLC purchased a new position in shares of Republic Services in the fourth quarter valued at about $30,000. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Republic Services in the fourth quarter worth about $34,000. Jones Financial Companies Lllp lifted its position in shares of Republic Services by 3,014.3% in the fourth quarter. Jones Financial Companies Lllp now owns 218 shares of the business services provider’s stock worth $36,000 after buying an additional 211 shares in the last quarter. BKM Wealth Management LLC purchased a new stake in shares of Republic Services in the fourth quarter worth about $37,000. Finally, Asset Dedication LLC lifted its position in shares of Republic Services by 48.1% in the third quarter. Asset Dedication LLC now owns 277 shares of the business services provider’s stock worth $40,000 after buying an additional 90 shares in the last quarter. Institutional investors own 57.73% of the company’s stock.

Insider Buying and Selling at Republic Services

In other news, CMO Amanda Hodges sold 6,500 shares of the stock in a transaction on Monday, May 6th. The stock was sold at an average price of $186.02, for a total transaction of $1,209,130.00. Following the completion of the transaction, the chief marketing officer now directly owns 6,831 shares in the company, valued at approximately $1,270,702.62. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CMO Amanda Hodges sold 6,500 shares of the stock in a transaction on Monday, May 6th. The stock was sold at an average price of $186.02, for a total transaction of $1,209,130.00. Following the completion of the transaction, the chief marketing officer now directly owns 6,831 shares in the company, valued at approximately $1,270,702.62. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Katharine Weymouth purchased 540 shares of the stock in a transaction dated Tuesday, June 4th. The shares were acquired at an average price of $185.26 per share, with a total value of $100,040.40. Following the completion of the acquisition, the director now owns 540 shares in the company, valued at approximately $100,040.40. The disclosure for this purchase can be found here. 0.09% of the stock is owned by company insiders.

Republic Services Trading Up 0.1 %

Shares of NYSE:RSG opened at $191.93 on Friday. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 1.05. Republic Services, Inc. has a 12-month low of $140.23 and a 12-month high of $196.76. The company has a market capitalization of $60.44 billion, a PE ratio of 33.67, a PEG ratio of 3.22 and a beta of 0.68. The business has a 50 day moving average of $188.14 and a two-hundred day moving average of $179.98.

Republic Services (NYSE:RSG) last issued its quarterly earnings results on Tuesday, April 30th. The business services provider reported $1.45 EPS for the quarter, topping the consensus estimate of $1.35 by $0.10. The firm had revenue of $3.86 billion during the quarter, compared to analysts’ expectations of $3.89 billion. Republic Services had a return on equity of 17.56% and a net margin of 11.81%. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.24 earnings per share. As a group, analysts forecast that Republic Services, Inc. will post 6.05 EPS for the current year.

Republic Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Tuesday, July 2nd will be issued a $0.535 dividend. This represents a $2.14 annualized dividend and a yield of 1.11%. The ex-dividend date is Tuesday, July 2nd. Republic Services’s payout ratio is currently 37.54%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. BMO Capital Markets boosted their price objective on Republic Services from $173.00 to $195.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 28th. Deutsche Bank Aktiengesellschaft assumed coverage on Republic Services in a research note on Thursday, May 23rd. They set a “hold” rating and a $203.00 price objective on the stock. Truist Financial boosted their price objective on Republic Services from $175.00 to $192.00 and gave the stock a “hold” rating in a research note on Wednesday, February 28th. Morgan Stanley lowered Republic Services from an “overweight” rating to an “equal weight” rating and set a $199.00 target price on the stock. in a research note on Friday, March 15th. Finally, Oppenheimer lifted their target price on Republic Services from $202.00 to $204.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Republic Services has a consensus rating of “Moderate Buy” and an average target price of $201.14.

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.