Corient Private Wealth LLC Decreases Stake in Republic Services, Inc. (NYSE:RSG)

Corient Private Wealth LLC cut its stake in Republic Services, Inc. (NYSE:RSG - Free Report) by 2.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 351,067 shares of the business services provider's stock after selling 7,094 shares during the quarter. Corient Private Wealth LLC owned about 0.11% of Republic Services worth $70,628,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of RSG. GSA Capital Partners LLP increased its stake in shares of Republic Services by 80.7% in the 3rd quarter. GSA Capital Partners LLP now owns 4,103 shares of the business services provider's stock worth $824,000 after acquiring an additional 1,833 shares during the last quarter. Metis Global Partners LLC increased its stake in shares of Republic Services by 1.6% in the 3rd quarter. Metis Global Partners LLC now owns 6,730 shares of the business services provider's stock worth $1,352,000 after acquiring an additional 105 shares during the last quarter. Empowered Funds LLC increased its stake in shares of Republic Services by 4.1% in the 3rd quarter. Empowered Funds LLC now owns 15,172 shares of the business services provider's stock worth $3,047,000 after acquiring an additional 597 shares during the last quarter. Natixis Advisors LLC grew its holdings in shares of Republic Services by 9.5% during the 3rd quarter. Natixis Advisors LLC now owns 132,640 shares of the business services provider's stock worth $26,639,000 after purchasing an additional 11,553 shares during the period. Finally, Strengthening Families & Communities LLC grew its holdings in shares of Republic Services by 5.3% during the 3rd quarter. Strengthening Families & Communities LLC now owns 15,880 shares of the business services provider's stock worth $3,189,000 after purchasing an additional 797 shares during the period. 57.73% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on RSG shares. Jefferies Financial Group increased their price target on Republic Services from $235.00 to $244.00 and gave the stock a "buy" rating in a report on Thursday, January 23rd. Morgan Stanley increased their price target on Republic Services from $220.00 to $230.00 and gave the stock an "equal weight" rating in a report on Friday, February 14th. The Goldman Sachs Group increased their price target on Republic Services from $239.00 to $265.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. William Blair reiterated an "outperform" rating on shares of Republic Services in a report on Friday, February 14th. Finally, Truist Financial restated a "buy" rating and set a $250.00 target price (up from $244.00) on shares of Republic Services in a report on Friday, February 14th. Five investment 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 company. According to MarketBeat, Republic Services has an average rating of "Moderate Buy" and a consensus price target of $236.88.

Republic Services Stock Up 0.1 %

Shares of NYSE RSG traded up $0.23 during midday trading on Thursday, hitting $234.79. 957,670 shares of the company's stock were exchanged, compared to its average volume of 1,014,449. 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 twelve month low of $180.92 and a twelve month high of $240.95. The company has a market cap of $73.32 billion, a PE ratio of 36.18, a P/E/G ratio of 3.64 and a beta of 0.73. The firm's fifty day simple moving average is $223.82 and its 200-day simple moving average is $212.29.

Republic Services (NYSE:RSG - Get Free Report) last issued its earnings results on Thursday, February 13th. The business services provider reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.21. Republic Services had a return on equity of 18.28% and a net margin of 12.74%. 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 company earned $1.41 EPS. Research analysts predict that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.

Republic Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders 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 yield of 0.99%. The ex-dividend date is Wednesday, April 2nd. Republic Services's dividend payout ratio (DPR) is 35.75%.

Insiders Place Their Bets

In other Republic Services news, COO Gregg Brummer sold 6,293 shares of Republic Services stock in a transaction that occurred on Wednesday, February 19th. The stock was 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 owns 10,416 shares of the company's stock, valued at $2,376,931.20. The trade was a 37.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.09% of the stock is currently owned by corporate insiders.

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.