Ashton Thomas Private Wealth LLC Raises Stock Position in Republic Services, Inc. (NYSE:RSG)

Ashton Thomas Private Wealth LLC raised its position in Republic Services, Inc. (NYSE:RSG - Free Report) by 46.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,292 shares of the business services provider's stock after acquiring an additional 2,942 shares during the period. Ashton Thomas Private Wealth LLC's holdings in Republic Services were worth $1,869,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of RSG. Graypoint LLC boosted its stake in Republic Services by 6.4% in the third quarter. Graypoint LLC now owns 1,457 shares of the business services provider's stock valued at $293,000 after acquiring an additional 87 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in Republic Services in the third quarter valued at approximately $62,000. Fiera Capital Corp acquired a new stake in Republic Services in the third quarter valued at approximately $468,000. CWA Asset Management Group LLC acquired a new stake in Republic Services in the third quarter valued at approximately $345,000. Finally, Villere ST Denis J & Co. LLC raised its holdings in shares of Republic Services by 1.5% in the third quarter. Villere ST Denis J & Co. LLC now owns 63,882 shares of the business services provider's stock worth $12,830,000 after buying an additional 960 shares during the last quarter. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Royal Bank of Canada raised shares of Republic Services from a "sector perform" rating to an "outperform" rating and raised their price target for the stock from $219.00 to $237.00 in a report on Monday, January 6th. Truist Financial reaffirmed a "buy" rating and issued a $250.00 price target (up previously from $244.00) on shares of Republic Services in a report on Friday, February 14th. BMO Capital Markets raised shares of Republic Services from a "market perform" rating to an "outperform" rating and raised their price target for the stock from $211.00 to $238.00 in a report on Friday, December 6th. UBS Group raised their price target on shares of Republic Services from $212.00 to $240.00 and gave the stock a "neutral" rating in a report on Wednesday, February 19th. Finally, William Blair reaffirmed an "outperform" rating on shares of Republic Services in a report 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 assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $236.88.

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Insider Activity

In related news, COO Gregg Brummer sold 6,293 shares of the business's stock in a transaction dated Wednesday, February 19th. The shares were 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 in the company, 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 legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.09% of the company's stock.

Republic Services Stock Performance

RSG stock traded up $2.79 during midday trading on Friday, hitting $234.28. 972,254 shares of the stock traded hands, compared to its average volume of 1,052,239. The firm has a market cap of $73.16 billion, a P/E 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 current ratio of 0.58 and a quick ratio of 0.64. The stock's fifty day simple moving average is $218.91 and its 200-day simple moving average is $210.84. Republic Services, Inc. has a 1-year low of $180.91 and a 1-year high of $240.95.

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

Republic Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Wednesday, April 2nd will be given a $0.58 dividend. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $2.32 annualized dividend and a dividend yield of 0.99%. Republic Services's dividend payout ratio (DPR) 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.