Argent Capital Management LLC Has $22.27 Million Stock Holdings in Republic Services, Inc. (NYSE:RSG)

Argent Capital Management LLC lessened its stake in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 2.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 110,714 shares of the business services provider's stock after selling 2,311 shares during the period. Argent Capital Management LLC's holdings in Republic Services were worth $22,273,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. TCW Group Inc. raised its holdings in shares of Republic Services by 13.0% during the third quarter. TCW Group Inc. now owns 114,582 shares of the business services provider's stock valued at $23,013,000 after acquiring an additional 13,138 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Republic Services during the 3rd quarter worth approximately $6,102,000. Lifeworks Advisors LLC raised its stake in Republic Services by 1,112.3% during the 3rd quarter. Lifeworks Advisors LLC now owns 21,469 shares of the business services provider's stock valued at $4,312,000 after purchasing an additional 19,698 shares during the period. Assenagon Asset Management S.A. lifted its holdings in shares of Republic Services by 15.2% in the third quarter. Assenagon Asset Management S.A. now owns 5,663 shares of the business services provider's stock valued at $1,137,000 after purchasing an additional 746 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new stake in shares of Republic Services in the third quarter worth $6,579,000. 57.73% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CFO Brian M. Delghiaccio sold 5,071 shares of the firm's stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $210.02, for a total transaction of $1,065,011.42. Following the completion of the sale, the chief financial officer now directly owns 6,318 shares of the company's stock, valued at $1,326,906.36. This trade represents a 44.53 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Katharine Weymouth sold 1,859 shares of Republic Services stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $215.27, for a total value of $400,186.93. Following the completion of the transaction, the director now owns 879 shares of the company's stock, valued at approximately $189,222.33. The trade was a 67.90 % decrease in their position. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on RSG shares. Scotiabank began coverage on Republic Services in a research note on Friday, October 4th. They issued a "sector perform" rating and a $224.00 price objective for the company. Deutsche Bank Aktiengesellschaft raised shares of Republic Services from a "hold" rating to a "buy" rating and increased their price target for the stock from $219.00 to $237.00 in a research report on Tuesday, December 10th. Oppenheimer boosted their price objective on shares of Republic Services from $219.00 to $220.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th. CIBC increased their target price on shares of Republic Services from $217.00 to $227.00 and gave the stock a "neutral" rating in a research report on Wednesday, December 4th. Finally, Truist Financial increased their price objective on Republic Services from $220.00 to $244.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $221.12.

Republic Services Price Performance

Shares of Republic Services stock traded up $2.24 during trading on Thursday, hitting $212.00. 892,592 shares of the company's stock traded hands, compared to its average volume of 1,030,694. Republic Services, Inc. has a twelve month low of $165.25 and a twelve month high of $220.58. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.64 and a quick ratio of 0.64. The company has a market cap of $66.39 billion, a PE ratio of 33.92, a PEG ratio of 2.98 and a beta of 0.73. The firm's fifty day moving average price is $209.15 and its 200 day moving average price is $204.24.

Republic Services (NYSE:RSG - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The business services provider reported $1.81 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.20. The company had revenue of $4.08 billion for the quarter, compared to analyst estimates of $4.12 billion. Republic Services had a return on equity of 18.18% and a net margin of 12.46%. The company's revenue was up 6.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.54 EPS. Analysts forecast that Republic Services, Inc. will post 6.25 earnings per share for the current year.

Republic Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd were issued a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 1.09%. The ex-dividend date of this dividend was Thursday, January 2nd. Republic Services's payout ratio is 37.12%.

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.