6,317 Shares in Republic Services, Inc. (NYSE:RSG) Bought by RFG Bristol Wealth Advisors LLC

RFG Bristol Wealth Advisors LLC purchased a new position in shares of Republic Services, Inc. (NYSE:RSG - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 6,317 shares of the business services provider's stock, valued at approximately $1,271,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in RSG. Public Sector Pension Investment Board increased its position in Republic Services by 17.4% during the third quarter. Public Sector Pension Investment Board now owns 6,761 shares of the business services provider's stock worth $1,358,000 after buying an additional 1,000 shares during the last quarter. FSA Wealth Management LLC acquired a new stake in Republic Services during the 3rd quarter valued at $25,000. Ascent Group LLC boosted its position in Republic Services by 5.6% during the third quarter. Ascent Group LLC now owns 4,529 shares of the business services provider's stock worth $910,000 after purchasing an additional 240 shares during the period. Hilltop Holdings Inc. raised its position in shares of Republic Services by 26.6% in the third quarter. Hilltop Holdings Inc. now owns 2,011 shares of the business services provider's stock valued at $404,000 after purchasing an additional 422 shares during the period. Finally, HighTower Advisors LLC lifted its stake in shares of Republic Services by 1.5% during the 3rd quarter. HighTower Advisors LLC now owns 27,359 shares of the business services provider's stock worth $5,488,000 after buying an additional 406 shares during the last quarter. 57.73% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on RSG. Jefferies Financial Group increased their price target on shares of Republic Services from $235.00 to $244.00 and gave the company a "buy" rating in a report on Thursday, January 23rd. Deutsche Bank Aktiengesellschaft raised Republic Services from a "hold" rating to a "buy" rating and lifted their price target for the stock from $219.00 to $237.00 in a report on Tuesday, December 10th. Morgan Stanley upped their price objective on Republic Services from $220.00 to $230.00 and gave the company an "equal weight" rating in a report on Friday, February 14th. Truist Financial reissued a "buy" rating and set a $250.00 target price (up previously from $244.00) on shares of Republic Services in a report on Friday, February 14th. Finally, CIBC raised shares of Republic Services from a "neutral" rating to a "sector outperform" rating and set a $264.00 price target on the stock in a research report on Tuesday, March 4th. Five investment 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. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $236.88.

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Insider Buying and Selling

In other Republic Services news, COO Gregg Brummer sold 6,293 shares of the stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $228.20, for a total value of $1,436,062.60. Following the completion of the transaction, the chief operating officer now directly owns 10,416 shares in the company, valued at approximately $2,376,931.20. This trade represents a 37.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.09% of the stock is currently owned by corporate insiders.

Republic Services Price Performance

Shares of Republic Services stock traded down $13.15 during trading on Friday, reaching $235.29. 3,157,638 shares of the company's stock were exchanged, compared to its average volume of 1,101,438. 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 $180.92 and a 1-year high of $249.73. The company has a market cap of $73.48 billion, a P/E ratio of 36.25, a PEG ratio of 3.64 and a beta of 0.62. The firm's 50-day moving average price is $230.70 and its 200 day moving average price is $215.14.

Republic Services (NYSE:RSG - Get Free Report) last issued its earnings results on Thursday, February 13th. The business services provider reported $1.58 EPS for the quarter, topping the consensus estimate of $1.37 by $0.21. The firm had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $4.08 billion. Republic Services had a return on equity of 18.28% and a net margin of 12.74%. During the same quarter in the previous year, the firm earned $1.41 earnings per share. As a group, research analysts anticipate that Republic Services, Inc. will post 6.86 earnings per share for the current year.

Republic Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Wednesday, April 2nd will be paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date is Wednesday, April 2nd. Republic Services's payout ratio is 35.75%.

Republic Services Company Profile

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.