Republic Services, Inc. (NYSE:RSG) Shares Sold by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL reduced its stake in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 0.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 532,193 shares of the business services provider's stock after selling 3,895 shares during the period. Republic Services accounts for approximately 1.1% of Gamco Investors INC. ET AL's investment portfolio, making the stock its 12th biggest position. Gamco Investors INC. ET AL owned approximately 0.17% of Republic Services worth $107,067,000 as of its most recent SEC filing.

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

Republic Services Price Performance

Republic Services stock traded down $0.51 during mid-day trading on Friday, reaching $243.11. 837,780 shares of the company's stock traded hands, compared to its average volume of 1,114,579. 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 stock has a 50 day moving average of $235.09 and a two-hundred day moving average of $217.77. Republic Services, Inc. has a 12-month low of $180.92 and a 12-month high of $249.73. The company has a market cap of $75.92 billion, a price-to-earnings ratio of 37.46, a PEG ratio of 3.64 and a beta of 0.62.

Republic Services (NYSE:RSG - Get Free Report) last released 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 return on equity of 18.28% and a net margin of 12.74%. The firm had revenue of $4.05 billion for the quarter, compared to the consensus estimate of $4.08 billion. During the same period in the prior year, the firm earned $1.41 EPS. Equities analysts forecast that Republic Services, Inc. will post 6.86 earnings per share for the current year.

Republic Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Wednesday, April 2nd were issued a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend was Wednesday, April 2nd. Republic Services's payout ratio is currently 35.75%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Raymond James reissued an "outperform" rating on shares of Republic Services in a research note on Wednesday. Royal Bank of Canada raised 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. Truist Financial restated a "buy" rating and issued a $250.00 target price (up previously from $244.00) on shares of Republic Services in a research report on Friday, February 14th. Morgan Stanley increased their price target on Republic Services from $220.00 to $230.00 and gave the company an "equal weight" rating in a research report on Friday, February 14th. Finally, UBS Group upped their price objective on shares of Republic Services from $240.00 to $250.00 and gave the company a "neutral" rating in a research note on Friday, April 11th. Five equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $239.13.

Insider Activity at Republic Services

In other news, COO Gregg Brummer sold 6,293 shares of the stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $228.20, for a total value of $1,436,062.60. Following the sale, the chief operating officer now directly owns 10,416 shares in the company, valued at approximately $2,376,931.20. This trade represents a 37.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.09% of the stock is owned by insiders.

Republic Services 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.