Aware Super Pty Ltd as trustee of Aware Super Takes Position in Republic Services, Inc. (NYSE:RSG)

Aware Super Pty Ltd as trustee of Aware Super acquired a new position in shares of Republic Services, Inc. (NYSE:RSG - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,985 shares of the business services provider's stock, valued at approximately $3,216,000.

A number of other hedge funds have also modified their holdings of RSG. McGlone Suttner Wealth Management Inc. grew its stake in shares of Republic Services by 2.2% during the 4th quarter. McGlone Suttner Wealth Management Inc. now owns 2,213 shares of the business services provider's stock worth $445,000 after acquiring an additional 48 shares in the last quarter. Access Financial Services Inc. grew its position in Republic Services by 0.8% in the fourth quarter. Access Financial Services Inc. now owns 6,178 shares of the business services provider's stock valued at $1,243,000 after purchasing an additional 51 shares in the last quarter. Tower Wealth Partners Inc. increased its stake in Republic Services by 3.3% in the 4th quarter. Tower Wealth Partners Inc. now owns 1,697 shares of the business services provider's stock valued at $341,000 after buying an additional 54 shares during the last quarter. Umpqua Bank lifted its position in Republic Services by 3.2% during the 4th quarter. Umpqua Bank now owns 1,808 shares of the business services provider's stock worth $374,000 after buying an additional 56 shares in the last quarter. Finally, Fidelis Capital Partners LLC grew its holdings in shares of Republic Services by 3.9% in the 4th quarter. Fidelis Capital Partners LLC now owns 1,579 shares of the business services provider's stock valued at $349,000 after acquiring an additional 59 shares in the last quarter. 57.73% of the stock is currently owned by institutional investors.

Insider Activity at Republic Services

In other Republic Services news, COO Gregg Brummer sold 6,293 shares of the company's stock in a transaction dated 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 completion of the sale, the chief operating officer now directly owns 10,416 shares of the company's stock, valued at approximately $2,376,931.20. This represents a 37.66 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.09% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts recently commented on the company. William Blair reissued an "outperform" rating on shares of Republic Services in a research report on Friday, February 14th. Argus set a $260.00 target price on shares of Republic Services in a research note on Tuesday, February 18th. Morgan Stanley upped their price target on shares of Republic Services from $220.00 to $230.00 and gave the stock an "equal weight" rating in a research report on Friday, February 14th. UBS Group upped their target price on shares of Republic Services from $240.00 to $250.00 and gave the company a "neutral" rating in a report on Friday, April 11th. Finally, Stifel Nicolaus lifted their price target on Republic Services from $240.00 to $257.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. Five equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Republic Services currently has an average rating of "Moderate Buy" and a consensus target price of $239.13.

Republic Services Stock Down 0.2 %

NYSE:RSG traded down $0.51 during trading hours on Friday, reaching $243.11. The company had a trading volume of 837,780 shares, compared to its average volume of 1,116,459. The business's 50-day simple moving average is $235.09 and its two-hundred day simple moving average is $217.77. Republic Services, Inc. has a twelve month low of $180.92 and a twelve month high of $249.73. The firm has a market cap of $75.92 billion, a price-to-earnings ratio of 37.46, a P/E/G ratio of 3.64 and a beta of 0.62. The company has a quick ratio of 0.64, a current ratio of 0.58 and a debt-to-equity ratio of 1.04.

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, beating analysts' consensus estimates of $1.37 by $0.21. The business had revenue of $4.05 billion during the quarter, compared to analyst estimates of $4.08 billion. Republic Services had a return on equity of 18.28% and a net margin of 12.74%. During the same period in the previous year, the company posted $1.41 EPS. On average, equities analysts expect that Republic Services, Inc. will post 6.86 earnings per share for the current year.

Republic Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Wednesday, April 2nd were issued a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date was Wednesday, April 2nd. Republic Services's dividend payout ratio is currently 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.