Cobblestone Capital Advisors LLC NY increased its holdings in Republic Services, Inc. by 7.5% during the first quarter, bringing their total shares owned to 85,469, valued at approximately $20.7 million. Republic Services announced a quarterly dividend increase to $0.625, representing an annualized yield of 1.1%, set to be paid on October 15th. The company reported $1.77 EPS for the last quarter, exceeding estimates, with a revenue of $4.24 billion up 4.6% from the previous year. Republic Services accounts for 1.1% of Cobblestone Capital Advisors LLC NY's holdings, making the stock its 24th biggest position. Other hedge funds and institutional investors have also made changes to their positions in the company. Golden State Wealth Management LLC raised its holdings by 3,533.3% in the first quarter, now owning 109 shares worth $26,000. Capital Management Associates Inc bought a new stake worth approximately $314,000. Sumitomo Mitsui Trust Group Inc. raised its holdings by 0.7%, now owning 563,253 shares valued at $136,397,000. Sowell Financial Services LLC acquired a new stake valued at approximately $260,000. GAMMA Investing LLC raised its holdings by 61.6%, now owning 9,193 shares valued at $2,226,000. 57.73% of the stock is currently owned by institutional investors. Republic Services has a quick ratio of 0.66, a current ratio of 0.66, and a debt-to-equity ratio of 1.04. The company has a market capitalization of $73.48 billion, a price-to-earnings ratio of 34.82, a P/E/G ratio of 3.67, and a beta of 0.60. The firm has a 12-month low of $197.60 and a 12-month high of $258.75. The 50-day moving average is $243.75 and the 200-day moving average is $239.30. Republic Services last posted its earnings results on Tuesday, July 29th, reporting $1.77 EPS, topping the consensus estimate of $1.76 by $0.01. Revenue was $4.24 billion, compared to the consensus estimate of $4.26 billion. The company had a net margin of 12.97% and a return on equity of 18.27%. Revenue was up 4.6% compared to the same quarter last year. Analysts anticipate that Republic Services will post 6.86 EPS for the current fiscal year. The company also announced a quarterly dividend of $0.625, payable on October 15th to investors of record on October 2nd, representing an annualized dividend of $2.50 and a yield of 1.1%. This is an increase from the previous quarterly dividend of $0.58. The dividend payout ratio (DPR) is 34.32%. Citigroup boosted its price target from $265.00 to $278.00 and gave the company a 'buy' rating. Truist Financial raised its price target from $250.00 to $270.00 and gave a 'buy' rating. Morgan Stanley raised its price target from $230.00 to $245.00 and gave an 'equal weight' rating. Royal Bank of Canada restated an 'outperform' rating and set a $266.00 price target. National Bank Financial upgraded the stock to a 'hold' rating. Nine analysts have a 'hold' rating, twelve have a 'buy' rating, and two have a 'strong buy' rating. The average rating is 'Moderate Buy' with an average target price of $262.17. Republic Services, Inc., together with its subsidiaries, offers environmental services in the United States and Canada, including 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.

Republic Services, Inc. (NYSE:RSG) Stock Holdings Increased by Cobblestone Capital Advisors LLC NY

Cobblestone Capital Advisors LLC increased its holdings in Republic Services, Inc. by 7.5% in the first quarter, now owning 85,469 shares valued at $20.7 million. Republic Services reported a quarterly earnings per share (EPS) of $1.77, exceeding estimates, with revenue of $4.24 billion, up 4.6% year-over-year. The company announced a quarterly dividend increase to $0.625, resulting in an annualized yield of 1.1% and a payout ratio of 34.32%. Institutional investors hold 57.73% of the company's shares. Analysts have raised price targets, with Citigroup, Truist Financial, and Morgan Stanley increasing their estimates, while Royal Bank of Canada and National Bank Financial adjusted their ratings. Republic Services operates in environmental services across the United States and Canada, including waste collection, processing, and disposal.