Faithward Advisors LLC Has $7.87 Million Holdings in Republic Services, Inc. $RSG

Faithward Advisors LLC increased its holdings in Republic Services, Inc. (NYSE:RSG) by 2,991.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 35,949 shares of the business services provider’s stock after purchasing an additional 34,786 shares during the quarter. Republic Services makes up 1.1% of Faithward Advisors LLC’s investment portfolio, making the stock its 22nd biggest holding. Faithward Advisors LLC’s holdings in Republic Services were worth $7,874,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of RSG. CBIZ Investment Advisory Services LLC increased its stake in shares of Republic Services by 11.3% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 445 shares of the business services provider’s stock valued at $94,000 after buying an additional 45 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. lifted its stake in shares of Republic Services by 0.5% in the fourth quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 10,454 shares of the business services provider’s stock worth $2,216,000 after acquiring an additional 48 shares during the period. Williams Jones Wealth Management LLC. boosted its holdings in Republic Services by 2.6% in the fourth quarter. Williams Jones Wealth Management LLC. now owns 1,925 shares of the business services provider’s stock valued at $408,000 after acquiring an additional 49 shares during the last quarter. ICONIQ Capital LLC increased its position in Republic Services by 3.3% during the 2nd quarter. ICONIQ Capital LLC now owns 1,558 shares of the business services provider’s stock valued at $384,000 after purchasing an additional 50 shares during the period. Finally, Composition Wealth LLC increased its position in Republic Services by 1.4% during the 4th quarter. Composition Wealth LLC now owns 3,793 shares of the business services provider’s stock valued at $804,000 after purchasing an additional 52 shares during the period. 57.73% of the stock is owned by institutional investors.

Republic Services Stock Up 2.4%

RSG opened at $209.19 on Wednesday. Republic Services, Inc. has a fifty-two week low of $196.41 and a fifty-two week high of $251.17. The firm has a market capitalization of $64.36 billion, a P/E ratio of 30.01, a PEG ratio of 3.36 and a beta of 0.41. The company’s 50-day moving average is $207.09 and its 200 day moving average is $214.07. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.67 and a quick ratio of 0.67.

Republic Services (NYSE:RSG) last posted its quarterly earnings data on Friday, May 8th. The business services provider reported $1.70 EPS for the quarter, beating the consensus estimate of $1.64 by $0.06. Republic Services had a net margin of 13.00% and a return on equity of 18.57%. The firm had revenue of $4.11 billion during the quarter, compared to analyst estimates of $4.10 billion. During the same quarter last year, the business posted $1.58 EPS. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. Research analysts expect that Republic Services, Inc. will post 7.28 earnings per share for the current fiscal year.

Republic Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Thursday, July 2nd will be issued a dividend of $0.625 per share. This represents a $2.50 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Thursday, July 2nd. Republic Services’s dividend payout ratio (DPR) is 36.15%.

Insider Buying and Selling at Republic Services

In other Republic Services news, Director Sandra M. Volpe sold 1,800 shares of the company’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $211.28, for a total value of $380,304.00. Following the completion of the transaction, the director owned 58 shares in the company, valued at $12,254.24. This represents a 96.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Cascade Investment, L.L.C. bought 366,000 shares of the stock in a transaction dated Wednesday, May 13th. The shares were acquired at an average price of $202.24 per share, for a total transaction of $74,019,840.00. Following the completion of the purchase, the insider directly owned 110,315,982 shares in the company, valued at approximately $22,310,304,199.68. This trade represents a 0.33% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders acquired 987,150 shares of company stock worth $202,366,682. Insiders own 0.12% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Barclays lifted their target price on Republic Services from $227.00 to $233.00 and gave the stock an “equal weight” rating in a report on Monday, May 11th. Argus downgraded shares of Republic Services from a “buy” rating to a “hold” rating in a research report on Monday, May 11th. UBS Group dropped their target price on shares of Republic Services from $240.00 to $223.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 12th. Royal Bank Of Canada increased their target price on shares of Republic Services from $265.00 to $267.00 and gave the stock an “outperform” rating in a research note on Friday, May 8th. Finally, Weiss Ratings cut shares of Republic Services from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, April 29th. Eleven analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $243.26.

About Republic Services

Republic Services, Inc is a leading provider of non-hazardous solid waste and recycling services in the United States. The company offers a broad range of waste management solutions to residential, commercial, industrial and municipal customers, positioning itself as a full-service partner for everyday waste collection as well as specialized disposal needs.

Republic’s core operations include curbside and commercial collection, transfer and hauling, materials recovery and recycling facilities, and landfill disposal.