PFG Investments LLC Purchases 1,193 Shares of Republic Services, Inc. (NYSE:RSG)

PFG Investments LLC boosted its position in Republic Services, Inc. (NYSE:RSG) by 57.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,271 shares of the business services provider’s stock after acquiring an additional 1,193 shares during the period. PFG Investments LLC’s holdings in Republic Services were worth $626,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Schechter Investment Advisors LLC lifted its position in shares of Republic Services by 19.4% in the 3rd quarter. Schechter Investment Advisors LLC now owns 2,791 shares of the business services provider’s stock worth $398,000 after purchasing an additional 453 shares during the period. abrdn plc lifted its position in shares of Republic Services by 64.1% in the 4th quarter. abrdn plc now owns 96,531 shares of the business services provider’s stock worth $15,919,000 after purchasing an additional 37,690 shares during the period. First Financial Corp IN lifted its position in shares of Republic Services by 4.7% in the 4th quarter. First Financial Corp IN now owns 2,858 shares of the business services provider’s stock worth $471,000 after purchasing an additional 128 shares during the period. SG Americas Securities LLC lifted its position in shares of Republic Services by 217.7% in the 4th quarter. SG Americas Securities LLC now owns 76,038 shares of the business services provider’s stock worth $12,539,000 after purchasing an additional 52,104 shares during the period. Finally, Robeco Schweiz AG lifted its position in shares of Republic Services by 65.9% in the 3rd quarter. Robeco Schweiz AG now owns 34,500 shares of the business services provider’s stock worth $4,917,000 after purchasing an additional 13,700 shares during the period. Institutional investors own 57.73% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. The Goldman Sachs Group raised their target price on shares of Republic Services from $209.00 to $230.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. BMO Capital Markets lifted their price target on shares of Republic Services from $173.00 to $195.00 and gave the company a “market perform” rating in a research report on Wednesday, February 28th. Citigroup lifted their price target on shares of Republic Services from $190.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, February 29th. Scotiabank assumed coverage on shares of Republic Services in a research report on Monday, April 8th. They set a “sector perform” rating and a $211.00 price target for the company. Finally, Jefferies Financial Group lifted their price target on shares of Republic Services from $213.00 to $225.00 and gave the company a “buy” rating in a research report on Monday, March 18th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $199.77.

Insider Buying and Selling

In related news, CEO Ark Jon Vander sold 5,446 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $184.10, for a total value of $1,002,608.60. Following the transaction, the chief executive officer now directly owns 85,113 shares of the company’s stock, valued at approximately $15,669,303.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.09% of the stock is owned by insiders.

Republic Services Stock Performance

NYSE RSG traded up $1.49 during trading hours on Monday, hitting $193.41. 1,139,438 shares of the company’s stock traded hands, compared to its average volume of 1,213,075. The firm has a market capitalization of $60.92 billion, a P/E ratio of 35.36, a P/E/G ratio of 3.36 and a beta of 0.68. Republic Services, Inc. has a 52 week low of $140.07 and a 52 week high of $193.82. The business’s fifty day moving average price is $187.62 and its two-hundred day moving average price is $171.16. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 1.13.

Republic Services (NYSE:RSG) last posted its quarterly earnings results on Tuesday, February 27th. The business services provider reported $1.41 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.13. The business had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.73 billion. Republic Services had a net margin of 11.57% and a return on equity of 17.32%. The company’s revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.13 earnings per share. Equities research analysts predict that Republic Services, Inc. will post 6.01 EPS for the current year.

Republic Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Tuesday, July 2nd will be issued a $0.535 dividend. The ex-dividend date is Tuesday, July 2nd. This represents a $2.14 dividend on an annualized basis and a yield of 1.11%. Republic Services’s dividend payout ratio is presently 39.12%.

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.