Global Retirement Partners LLC Invests $386,000 in Republic Services, Inc. $RSG

Global Retirement Partners LLC bought a new stake in Republic Services, Inc. (NYSE:RSG) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 1,563 shares of the business services provider’s stock, valued at approximately $386,000.

A number of other large investors also recently added to or reduced their stakes in the company. Ignite Planners LLC raised its holdings in shares of Republic Services by 2.8% in the 2nd quarter. Ignite Planners LLC now owns 1,562 shares of the business services provider’s stock valued at $376,000 after buying an additional 43 shares during the period. Gries Financial LLC grew its position in Republic Services by 3.8% in the 2nd quarter. Gries Financial LLC now owns 1,249 shares of the business services provider’s stock valued at $308,000 after acquiring an additional 46 shares in the last quarter. TD Private Client Wealth LLC increased its stake in Republic Services by 17.8% during the second quarter. TD Private Client Wealth LLC now owns 305 shares of the business services provider’s stock worth $75,000 after purchasing an additional 46 shares during the period. Hemington Wealth Management lifted its position in shares of Republic Services by 6.2% during the first quarter. Hemington Wealth Management now owns 806 shares of the business services provider’s stock worth $195,000 after purchasing an additional 47 shares in the last quarter. Finally, Empirical Finance LLC boosted its stake in shares of Republic Services by 0.7% in the second quarter. Empirical Finance LLC now owns 7,232 shares of the business services provider’s stock valued at $1,783,000 after purchasing an additional 47 shares during the period. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Republic Services Stock Down 0.1%

Shares of NYSE RSG opened at $217.06 on Monday. The business has a 50-day moving average of $217.90 and a two-hundred day moving average of $232.82. The company has a market capitalization of $67.19 billion, a price-to-earnings ratio of 32.11, a price-to-earnings-growth ratio of 3.40 and a beta of 0.57. Republic Services, Inc. has a 1 year low of $199.43 and a 1 year high of $258.75. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.66 and a quick ratio of 0.66.

Republic Services (NYSE:RSG) last issued its earnings results on Friday, October 31st. The business services provider reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.12. The business had revenue of $4.21 billion for the quarter, compared to analyst estimates of $4.25 billion. Republic Services had a return on equity of 18.27% and a net margin of 12.97%.The business’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the company earned $1.81 EPS. On average, analysts forecast that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.

Republic Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Friday, January 2nd will be issued a $0.625 dividend. The ex-dividend date is Friday, January 2nd. This represents a $2.50 annualized dividend and a dividend yield of 1.2%. Republic Services’s dividend payout ratio is presently 37.20%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on RSG shares. Citigroup reduced their target price on shares of Republic Services from $280.00 to $270.00 and set a “buy” rating on the stock in a report on Wednesday, September 17th. National Bankshares reduced their price objective on Republic Services from $270.00 to $241.00 and set a “sector perform” rating on the stock in a research note on Tuesday, October 7th. Jefferies Financial Group set a $248.00 target price on Republic Services and gave the stock a “buy” rating in a research note on Monday, November 3rd. Scotiabank reduced their price target on Republic Services from $250.00 to $246.00 and set a “sector perform” rating on the stock in a research report on Friday, October 31st. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Republic Services in a research note on Tuesday, November 25th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $250.45.

About Republic Services

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.