Benjamin F. Edwards & Company Inc. Purchases 201,769 Shares of Republic Services, Inc. (NYSE:RSG)

Benjamin F. Edwards & Company Inc. lifted its stake in shares of Republic Services, Inc. (NYSE:RSG) by 8,931.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 204,028 shares of the business services provider’s stock after buying an additional 201,769 shares during the period. Benjamin F. Edwards & Company Inc. owned about 0.06% of Republic Services worth $33,646,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. FinTrust Capital Advisors LLC boosted its position in Republic Services by 56.3% in the third quarter. FinTrust Capital Advisors LLC now owns 197 shares of the business services provider’s stock worth $28,000 after purchasing an additional 71 shares during the last quarter. Turtle Creek Wealth Advisors LLC purchased a new position in shares of Republic Services during the 4th quarter valued at $34,000. Millburn Ridgefield Corp purchased a new position in shares of Republic Services during the 3rd quarter valued at $36,000. Catalyst Capital Advisors LLC purchased a new position in shares of Republic Services during the 3rd quarter valued at $36,000. Finally, BKM Wealth Management LLC purchased a new position in shares of Republic Services during the 4th quarter valued at $37,000. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Ark Jon Vander sold 5,446 shares of the 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 completion of the transaction, the chief executive officer now owns 85,113 shares of the company’s stock, valued at approximately $15,669,303.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.09% of the company’s stock.

Republic Services Trading Up 0.2 %

RSG stock traded up $0.44 during trading on Thursday, hitting $186.44. 2,025,713 shares of the company traded hands, compared to its average volume of 1,257,153. The firm has a market capitalization of $58.72 billion, a PE ratio of 32.65, a P/E/G ratio of 3.35 and a beta of 0.67. Republic Services, Inc. has a 1 year low of $140.07 and a 1 year high of $196.76. The company has a 50-day moving average of $187.94 and a 200-day moving average of $171.57. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.56 and a current ratio of 0.56.

Republic Services (NYSE:RSG) last issued its earnings results on Tuesday, April 30th. The business services provider reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.10. Republic Services had a return on equity of 17.75% and a net margin of 11.81%. The company had revenue of $3.86 billion during the quarter, compared to analysts’ expectations of $3.89 billion. During the same period in the prior year, the business posted $1.24 EPS. Republic Services’s quarterly revenue was up 7.8% compared to the same quarter last year. Analysts predict that Republic Services, Inc. will post 6.01 earnings per share for the current fiscal year.

Republic Services Dividend Announcement

The firm also recently disclosed 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 1.15%. The ex-dividend date is Tuesday, July 2nd. Republic Services’s dividend payout ratio (DPR) is currently 37.54%.

Analyst Ratings Changes

A number of research analysts have recently commented on RSG shares. Citigroup upped their price target on Republic Services from $190.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, February 29th. Truist Financial boosted their price objective on Republic Services from $175.00 to $192.00 and gave the company 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 price objective on the stock. in a research note on Friday, March 15th. Wells Fargo & Company boosted their price objective on Republic Services from $180.00 to $188.00 and gave the company an “overweight” rating in a research note on Tuesday, February 6th. Finally, BMO Capital Markets boosted their price objective on Republic Services from $173.00 to $195.00 and gave the company a “market perform” rating in a research note on Wednesday, February 28th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $201.00.

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.