Xponance Inc. boosted its holdings in Republic Services, Inc. (NYSE:RSG – Free Report) by 3.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 26,602 shares of the business services provider’s stock after buying an additional 788 shares during the period. Xponance Inc.’s holdings in Republic Services were worth $3,597,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in RSG. D.A. Davidson & CO. acquired a new stake in Republic Services in the 1st quarter worth about $203,000. Synovus Financial Corp raised its holdings in shares of Republic Services by 1.9% in the 1st quarter. Synovus Financial Corp now owns 14,255 shares of the business services provider’s stock worth $1,890,000 after purchasing an additional 260 shares during the period. Vontobel Holding Ltd. raised its holdings in shares of Republic Services by 34.6% in the 1st quarter. Vontobel Holding Ltd. now owns 3,885 shares of the business services provider’s stock worth $523,000 after purchasing an additional 998 shares during the period. Blair William & Co. IL raised its holdings in shares of Republic Services by 1.6% in the 1st quarter. Blair William & Co. IL now owns 31,162 shares of the business services provider’s stock worth $4,129,000 after purchasing an additional 495 shares during the period. Finally, Moors & Cabot Inc. raised its holdings in shares of Republic Services by 2.9% in the 1st quarter. Moors & Cabot Inc. now owns 6,726 shares of the business services provider’s stock worth $891,000 after purchasing an additional 187 shares during the period. 64.36% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on the company. Truist Financial started coverage on Republic Services in a report on Monday, April 17th. They issued a “hold” rating and a $146.00 price objective on the stock. TD Cowen started coverage on shares of Republic Services in a research report on Thursday, March 30th. They issued a “market perform” rating and a $150.00 price objective for the company. Morgan Stanley upped their target price on shares of Republic Services from $154.00 to $158.00 in a research note on Friday, June 2nd. VNET Group reaffirmed a “maintains” rating on shares of Republic Services in a research note on Thursday, April 27th. Finally, StockNews.com initiated coverage on Republic Services in a research note on Thursday, May 18th. They set a “buy” rating for the company. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $146.80.
Republic Services Stock Performance
Republic Services (NYSE:RSG – Free Report) last announced its quarterly earnings data on Thursday, April 27th. The business services provider reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.11. Republic Services had a return on equity of 16.66% and a net margin of 10.76%. The firm had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.43 billion. During the same period last year, the business posted $1.14 earnings per share. The firm’s revenue for the quarter was up 20.6% on a year-over-year basis. On average, analysts expect that Republic Services, Inc. will post 5.23 EPS for the current fiscal year.
Republic Services Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 14th. Investors of record on Monday, July 3rd will be paid a dividend of $0.495 per share. This represents a $1.98 annualized dividend and a yield of 1.29%. The ex-dividend date is Friday, June 30th. Republic Services’s dividend payout ratio (DPR) is presently 41.34%.
Republic Services Company Profile
Republic Services, Inc, together with its subsidiaries, offers environmental services in the United States. 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.
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