Republic Services, Inc. (NYSE:RSG) Stock Position Raised by Bryn Mawr Capital Management LLC

Bryn Mawr Capital Management LLC increased its position in Republic Services, Inc. (NYSE:RSG - Free Report) by 185.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,446 shares of the business services provider's stock after buying an additional 8,731 shares during the quarter. Bryn Mawr Capital Management LLC's holdings in Republic Services were worth $2,705,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Stifel Financial Corp lifted its position in Republic Services by 437.9% during the third quarter. Stifel Financial Corp now owns 1,814,613 shares of the business services provider's stock valued at $364,449,000 after buying an additional 1,477,255 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Republic Services by 23.2% in the 3rd quarter. Wellington Management Group LLP now owns 6,004,199 shares of the business services provider's stock valued at $1,205,883,000 after acquiring an additional 1,131,850 shares during the period. International Assets Investment Management LLC lifted its holdings in shares of Republic Services by 83,671.9% during the 3rd quarter. International Assets Investment Management LLC now owns 538,653 shares of the business services provider's stock valued at $108,183,000 after acquiring an additional 538,010 shares in the last quarter. Nordea Investment Management AB boosted its position in Republic Services by 19.4% during the 4th quarter. Nordea Investment Management AB now owns 3,129,322 shares of the business services provider's stock worth $626,553,000 after purchasing an additional 509,116 shares during the period. Finally, National Bank of Canada FI raised its position in Republic Services by 544.7% in the third quarter. National Bank of Canada FI now owns 545,613 shares of the business services provider's stock valued at $109,580,000 after purchasing an additional 460,989 shares during the period. Hedge funds and other institutional investors own 57.73% of the company's stock.

Insider Transactions at Republic Services

In other news, Director Katharine Weymouth sold 1,859 shares of Republic Services stock in a transaction that occurred 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 transaction, the director now owns 879 shares of the company's stock, valued at $189,222.33. The trade was a 67.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Gregg Brummer sold 6,293 shares of the stock in a transaction that occurred on 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 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 ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.09% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on RSG shares. Royal Bank of Canada raised Republic Services from a "sector perform" rating to an "outperform" rating and upped their target price for the stock from $219.00 to $237.00 in a research report on Monday, January 6th. Truist Financial reaffirmed a "buy" rating and issued a $250.00 price objective (up previously from $244.00) on shares of Republic Services in a research report on Friday, February 14th. Morgan Stanley upped their target price on shares of Republic Services from $220.00 to $230.00 and gave the company an "equal weight" rating in a research note on Friday, February 14th. Oppenheimer lifted their price target on shares of Republic Services from $219.00 to $220.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 30th. Finally, BMO Capital Markets raised shares of Republic Services from a "market perform" rating to an "outperform" rating and upped their price objective for the company from $211.00 to $238.00 in a research report on Friday, December 6th. Six research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $231.75.

Republic Services Stock Performance

Shares of NYSE RSG traded down $0.13 during midday trading on Friday, reaching $230.73. 1,231,741 shares of the company traded hands, compared to its average volume of 1,014,084. The stock has a 50-day moving average price of $212.44 and a 200 day moving average price of $208.27. The company has a market cap of $72.05 billion, a price-to-earnings ratio of 35.55, a PEG ratio of 3.62 and a beta of 0.74. 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, Inc. has a 52 week low of $180.91 and a 52 week high of $232.52.

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

Republic Services Announces Dividend

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 given a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend is Wednesday, April 2nd. Republic Services's dividend payout ratio (DPR) is presently 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.