Personal CFO Solutions LLC Makes New $206,000 Investment in Republic Services, Inc. (NYSE:RSG)

Personal CFO Solutions LLC acquired a new position in Republic Services, Inc. (NYSE:RSG) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 1,346 shares of the business services provider’s stock, valued at approximately $206,000.

Other institutional investors have also made changes to their positions in the company. Bangor Savings Bank increased its stake in shares of Republic Services by 210.5% in the second quarter. Bangor Savings Bank now owns 177 shares of the business services provider’s stock worth $27,000 after purchasing an additional 120 shares during the period. Horizons Wealth Management bought a new position in shares of Republic Services in the second quarter worth about $31,000. Strategic Investment Solutions Inc. IL bought a new position in shares of Republic Services in the first quarter worth about $34,000. TCI Wealth Advisors Inc. increased its stake in shares of Republic Services by 242.7% in the first quarter. TCI Wealth Advisors Inc. now owns 281 shares of the business services provider’s stock worth $38,000 after purchasing an additional 199 shares during the period. Finally, Colonial Trust Co SC increased its stake in Republic Services by 147.4% during the first quarter. Colonial Trust Co SC now owns 282 shares of the business services provider’s stock valued at $38,000 after acquiring an additional 168 shares during the period. 57.23% of the stock is currently owned by institutional investors.

Republic Services Stock Up 0.5 %

Shares of RSG opened at $159.50 on Tuesday. The company has a market capitalization of $50.19 billion, a P/E ratio of 30.85, a PEG ratio of 2.91 and a beta of 0.67. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.58 and a quick ratio of 0.58. Republic Services, Inc. has a one year low of $120.58 and a one year high of $160.04. The business’s 50 day simple moving average is $149.11 and its 200-day simple moving average is $147.87.

Republic Services (NYSE:RSG) last announced its earnings results on Thursday, October 26th. The business services provider reported $1.54 EPS for the quarter, topping the consensus estimate of $1.41 by $0.13. Republic Services had a return on equity of 16.81% and a net margin of 11.17%. The business had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.81 billion. During the same period in the previous year, the business earned $1.34 EPS. Republic Services’s revenue was up 6.3% compared to the same quarter last year. As a group, sell-side analysts predict that Republic Services, Inc. will post 5.47 EPS for the current fiscal year.

Republic Services declared that its board has initiated a stock repurchase program on Thursday, October 26th that permits the company to buyback $3.00 billion in outstanding shares. This buyback authorization permits the business services provider to buy up to 6.4% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.

Republic Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Tuesday, January 2nd will be issued a dividend of $0.535 per share. This represents a $2.14 annualized dividend and a yield of 1.34%. The ex-dividend date is Friday, December 29th. Republic Services’s dividend payout ratio is 41.39%.

Analyst Upgrades and Downgrades

RSG has been the topic of several research reports. Truist Financial boosted their price target on Republic Services from $146.00 to $155.00 and gave the company a “hold” rating in a research note on Wednesday, August 2nd. Citigroup boosted their price target on Republic Services from $177.00 to $178.00 and gave the company a “buy” rating in a research note on Wednesday, August 2nd. Wolfe Research initiated coverage on Republic Services in a research note on Tuesday, October 17th. They set a “peer perform” rating on the stock. UBS Group upgraded Republic Services from a “neutral” rating to a “buy” rating and boosted their price target for the company from $155.00 to $175.00 in a research note on Monday, October 23rd. Finally, Royal Bank of Canada upped their price objective on Republic Services from $163.00 to $166.00 and gave the company a “sector perform” rating in a research note on Monday, October 2nd. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Republic Services has an average rating of “Moderate Buy” and an average target price of $160.36.

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.