Capula Management Ltd Takes $255,000 Position in Republic Services, Inc. (NYSE:RSG)

Capula Management Ltd acquired a new stake in Republic Services, Inc. (NYSE:RSG - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,266 shares of the business services provider's stock, valued at approximately $255,000.

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

Insider Activity

In other news, COO Gregg Brummer sold 6,293 shares of the business's stock in a transaction that occurred 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. The trade was a 37.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.09% of the company's stock.

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Republic Services Trading Up 0.6 %

Republic Services stock traded up $1.39 during mid-day trading on Monday, hitting $245.31. The company's stock had a trading volume of 177,816 shares, compared to its average volume of 1,214,397. The business has a 50 day moving average price of $233.24 and a 200-day moving average price of $216.78. Republic Services, Inc. has a 12 month low of $180.91 and a 12 month high of $249.73. The stock has a market cap of $76.61 billion, a price-to-earnings ratio of 37.80, a price-to-earnings-growth ratio of 3.64 and a beta of 0.62. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.58 and a quick ratio of 0.64.

Republic Services (NYSE:RSG - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The business services provider reported $1.58 earnings per share (EPS) 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 business had revenue of $4.05 billion for the quarter, compared to analyst estimates of $4.08 billion. During the same period last year, the company earned $1.41 EPS. As a group, analysts forecast that Republic Services, Inc. will post 6.86 EPS for the current year.

Republic Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Wednesday, April 2nd will be given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date of this dividend is Wednesday, April 2nd. Republic Services's payout ratio is 35.75%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on RSG shares. Truist Financial reissued a "buy" rating and set a $250.00 price objective (up previously from $244.00) on shares of Republic Services in a report on Friday, February 14th. Scotiabank raised their price objective on shares of Republic Services from $233.00 to $250.00 and gave the company a "sector perform" rating in a research report on Tuesday, April 8th. Morgan Stanley increased their target price on shares of Republic Services from $220.00 to $230.00 and gave the stock an "equal weight" rating in a research note on Friday, February 14th. William Blair restated an "outperform" rating on shares of Republic Services in a research report on Friday, February 14th. Finally, The Goldman Sachs Group lifted their price objective on Republic Services from $239.00 to $265.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. Five analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $239.13.

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.