Faithward Advisors LLC Decreases Stock Holdings in Republic Services, Inc. (NYSE:RSG)

Faithward Advisors LLC trimmed its position in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 58.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,377 shares of the business services provider's stock after selling 1,901 shares during the period. Faithward Advisors LLC's holdings in Republic Services were worth $277,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of RSG. Arcadia Investment Management Corp MI grew its holdings in Republic Services by 200.0% during the 4th quarter. Arcadia Investment Management Corp MI now owns 132 shares of the business services provider's stock valued at $27,000 after buying an additional 88 shares in the last quarter. R Squared Ltd bought a new position in shares of Republic Services during the fourth quarter worth $32,000. New Age Alpha Advisors LLC grew its stake in Republic Services by 70.2% during the fourth quarter. New Age Alpha Advisors LLC now owns 177 shares of the business services provider's stock valued at $36,000 after acquiring an additional 73 shares in the last quarter. Generali Asset Management SPA SGR bought a new stake in Republic Services in the 4th quarter valued at $45,000. Finally, Bank of Jackson Hole Trust bought a new position in shares of Republic Services during the 4th quarter valued at about $48,000. Hedge funds and other institutional investors own 57.73% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently commented on RSG. Truist Financial reiterated a "buy" rating and issued a $250.00 target price (up from $244.00) on shares of Republic Services in a research report on Friday, February 14th. Argus set a $260.00 price objective on Republic Services in a report on Tuesday, February 18th. Royal Bank of Canada upgraded shares of Republic Services from a "sector perform" rating to an "outperform" rating and boosted their price target for the stock from $219.00 to $237.00 in a research report on Monday, January 6th. CIBC upgraded shares of Republic Services from a "neutral" rating to a "sector outperform" rating and set a $264.00 price objective for the company in a research report on Tuesday, March 4th. Finally, The Goldman Sachs Group upped their target price on shares of Republic Services from $239.00 to $265.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. Five analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $239.13.

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Insider Buying and Selling

In other news, COO Gregg Brummer sold 6,293 shares of the company's stock in a transaction that occurred on 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 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 Securities & Exchange Commission, which is accessible through this link. 0.09% of the stock is owned by insiders.

Republic Services Trading Up 0.6 %

RSG traded up $1.39 on Monday, reaching $245.31. 177,816 shares of the company traded hands, compared to its average volume of 1,214,397. The company has a quick ratio of 0.64, a current ratio of 0.58 and a debt-to-equity ratio of 1.04. The company has a market cap of $76.61 billion, a P/E ratio of 37.80, a price-to-earnings-growth ratio of 3.64 and a beta of 0.62. The firm has a fifty day simple moving average of $233.24 and a two-hundred day simple moving average of $216.78. Republic Services, Inc. has a one year low of $180.91 and a one year high of $249.73.

Republic Services (NYSE:RSG - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The business services provider reported $1.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.37 by $0.21. The firm 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 quarter in the previous year, the business earned $1.41 earnings per share. As a group, equities research analysts expect that Republic Services, Inc. will post 6.86 earnings per share for the current year.

Republic Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Wednesday, April 2nd will be issued 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 0.95%. Republic Services's 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.