Generali Investments CEE investicni spolecnost a.s. Invests $817,000 in Republic Services, Inc. (NYSE:RSG)

Generali Investments CEE investicni spolecnost a.s. acquired a new stake in Republic Services, Inc. (NYSE:RSG - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,060 shares of the business services provider's stock, valued at approximately $817,000.

Several other hedge funds also recently added to or reduced their stakes in RSG. Bank Julius Baer & Co. Ltd Zurich lifted its holdings in shares of Republic Services by 3.3% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 443,965 shares of the business services provider's stock worth $95,884,000 after acquiring an additional 14,360 shares during the last quarter. Edgestream Partners L.P. boosted its position in shares of Republic Services by 101.5% during the fourth quarter. Edgestream Partners L.P. now owns 27,373 shares of the business services provider's stock worth $5,507,000 after buying an additional 13,788 shares during the period. Ashton Thomas Private Wealth LLC raised its holdings in shares of Republic Services by 46.3% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 9,292 shares of the business services provider's stock valued at $1,869,000 after buying an additional 2,942 shares during the period. Callan Family Office LLC purchased a new position in Republic Services during the 4th quarter valued at about $2,068,000. Finally, Hartford Funds Management Co LLC purchased a new position in shares of Republic Services in the fourth quarter valued at approximately $501,000. 57.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Morgan Stanley raised their price target on shares of Republic Services from $220.00 to $230.00 and gave the company an "equal weight" rating in a research report on Friday, February 14th. UBS Group boosted their target price on Republic Services from $212.00 to $240.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 19th. Truist Financial reaffirmed a "buy" rating and issued a $250.00 price target (up previously from $244.00) on shares of Republic Services in a research report on Friday, February 14th. William Blair reissued an "outperform" rating on shares of Republic Services in a research report on Friday, February 14th. Finally, Argus set a $260.00 target price on shares of Republic Services in a research note on Tuesday, February 18th. Five equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $236.88.

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Republic Services Stock Performance

Shares of RSG stock traded down $1.25 during mid-day trading on Wednesday, hitting $230.47. 1,118,896 shares of the stock were exchanged, compared to its average volume of 1,054,585. Republic Services, Inc. has a 12-month low of $180.91 and a 12-month high of $240.95. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.64 and a current ratio of 0.58. The stock has a market capitalization of $71.97 billion, a price-to-earnings ratio of 35.51, a P/E/G ratio of 3.64 and a beta of 0.73. The stock's fifty day simple moving average is $220.16 and its two-hundred day simple moving average is $211.24.

Republic Services (NYSE:RSG - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The business services provider reported $1.58 EPS for the quarter, topping the consensus estimate of $1.37 by $0.21. The company had revenue of $4.05 billion for 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 company posted $1.41 earnings per share. On average, analysts forecast that Republic Services, Inc. will post 6.86 EPS for the current year.

Republic Services Dividend Announcement

The firm also recently disclosed 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 1.01%. The ex-dividend date of this dividend is Wednesday, April 2nd. Republic Services's payout ratio is currently 35.75%.

Insider Activity

In related news, COO Gregg Brummer sold 6,293 shares of the business's stock in a transaction dated 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 transaction, the chief operating officer now owns 10,416 shares in the company, valued at $2,376,931.20. The trade was a 37.66 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.09% of the company's stock.

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.