OneAscent Financial Services LLC Acquires Shares of 992 Republic Services, Inc. (NYSE:RSG)

OneAscent Financial Services LLC bought a new position in Republic Services, Inc. (NYSE:RSG) during the 4th quarter, HoldingsChannel reports. The fund bought 992 shares of the business services provider’s stock, valued at approximately $200,000.

A number of other hedge funds have also made changes to their positions in RSG. Arcadia Investment Management Corp MI increased its holdings in shares of Republic Services by 200.0% during the fourth quarter. Arcadia Investment Management Corp MI now owns 132 shares of the business services provider’s stock worth $27,000 after buying an additional 88 shares in the last quarter. R Squared Ltd bought a new stake in Republic Services during the 4th quarter worth approximately $32,000. New Age Alpha Advisors LLC increased its holdings in Republic Services by 70.2% during the 4th quarter. New Age Alpha Advisors LLC now owns 177 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 73 shares in the last quarter. Generali Asset Management SPA SGR bought a new position in Republic Services in the 4th quarter valued at $45,000. Finally, Bank of Jackson Hole Trust bought a new stake in shares of Republic Services during the fourth quarter worth $48,000. Institutional investors and hedge funds own 57.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on RSG shares. UBS Group lifted their price target on Republic Services from $212.00 to $240.00 and gave the company a “neutral” rating in a report on Wednesday, February 19th. William Blair reiterated an “outperform” rating on shares of Republic Services in a research report on Friday, February 14th. Deutsche Bank Aktiengesellschaft raised shares of Republic Services from a “hold” rating to a “buy” rating and raised their price target for the company from $219.00 to $237.00 in a report on Tuesday, December 10th. Stifel Nicolaus increased their price objective on Republic Services from $240.00 to $257.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Finally, BMO Capital Markets upgraded Republic Services from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $211.00 to $238.00 in a research report on Friday, December 6th. Five research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Republic Services currently has an average rating of “Moderate Buy” and a consensus price target of $236.88.

Insiders Place Their Bets

In related news, COO Gregg Brummer sold 6,293 shares of the business’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $228.20, for a total value of $1,436,062.60. Following the sale, the chief operating officer now directly owns 10,416 shares of the company’s stock, valued at approximately $2,376,931.20. The trade was a 37.66 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.09% of the company’s stock.

Republic Services Trading Down 5.3 %

RSG opened at $235.29 on Friday. The firm’s fifty day moving average is $230.70 and its two-hundred day moving average is $215.05. The firm has a market cap of $73.48 billion, a PE ratio of 36.25, a price-to-earnings-growth ratio of 3.64 and a beta of 0.73. Republic Services, Inc. has a twelve month low of $180.92 and a twelve month high of $249.73. 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 (NYSE:RSG) last posted its earnings results on Thursday, February 13th. The business services provider reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.21. Republic Services had a return on equity of 18.28% and a net margin of 12.74%. The firm had revenue of $4.05 billion for the quarter, compared to analyst estimates of $4.08 billion. During the same period in the previous year, the company posted $1.41 earnings per share. Equities research analysts anticipate 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 paid a dividend of $0.58 per share. The ex-dividend date is Wednesday, April 2nd. This represents a $2.32 dividend on an annualized basis and a yield of 0.99%. Republic Services’s payout ratio is 35.75%.

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.