Republic Services, Inc. (NYSE:RSG) Shares Sold by Andra AP fonden

Andra AP fonden trimmed its position in shares of Republic Services, Inc. (NYSE:RSG) by 18.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 44,100 shares of the business services provider’s stock after selling 10,000 shares during the period. Andra AP fonden’s holdings in Republic Services were worth $8,872,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in RSG. FSA Wealth Management LLC acquired a new stake in shares of Republic Services during the third quarter valued at about $25,000. Arcadia Investment Management Corp MI boosted its holdings in Republic Services by 200.0% in the fourth quarter. Arcadia Investment Management Corp MI now owns 132 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 88 shares during the last quarter. R Squared Ltd acquired a new stake in Republic Services during the 4th quarter valued at approximately $32,000. Truvestments Capital LLC purchased a new stake in Republic Services during the 3rd quarter worth approximately $34,000. Finally, Ashton Thomas Securities LLC acquired a new position in shares of Republic Services in the 3rd quarter valued at approximately $39,000. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on RSG. Stifel Nicolaus lifted their price target on shares of Republic Services from $240.00 to $257.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Jefferies Financial Group boosted their target price on shares of Republic Services from $235.00 to $244.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. UBS Group increased their price target on shares of Republic Services from $212.00 to $240.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 19th. Truist Financial reiterated a “buy” rating and issued a $250.00 price target (up from $244.00) on shares of Republic Services in a research note on Friday, February 14th. Finally, William Blair restated an “outperform” rating on shares of Republic Services in a research note on Friday, February 14th. Five equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $236.88.

Republic Services Stock Performance

RSG stock opened at $234.28 on Friday. The stock’s fifty day moving average is $218.91 and its two-hundred day moving average is $210.84. The stock has a market capitalization of $73.16 billion, a price-to-earnings ratio of 36.10, a PEG ratio of 3.64 and a beta of 0.73. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.64 and a current ratio of 0.58. Republic Services, Inc. has a 1 year low of $180.91 and a 1 year high of $240.95.

Republic Services (NYSE:RSG) last posted its earnings results on Thursday, February 13th. The business services provider reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.21. Republic Services had a net margin of 12.74% and a return on equity of 18.28%. The firm had revenue of $4.05 billion during the quarter, compared to analyst estimates of $4.08 billion. During the same period in the previous year, the business posted $1.41 EPS. On average, research analysts predict that Republic Services, Inc. will post 6.86 EPS for the current year.

Republic Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Wednesday, April 2nd will be given a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 0.99%. The ex-dividend date is Wednesday, April 2nd. Republic Services’s dividend payout ratio is currently 35.75%.

Insider Buying and Selling at Republic Services

In other news, COO Gregg Brummer sold 6,293 shares of the firm’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $228.20, for a total transaction of $1,436,062.60. Following the transaction, the chief operating officer now directly owns 10,416 shares of the company’s stock, valued at approximately $2,376,931.20. This trade represents a 37.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.09% of the stock is owned by company insiders.

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.