Groupama Asset Managment Buys New Holdings in Republic Services, Inc. (NYSE:RSG)

Groupama Asset Managment purchased a new position in shares of Republic Services, Inc. (NYSE:RSG - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 11,013 shares of the business services provider's stock, valued at approximately $2,216,000.

Other institutional investors also recently made changes to their positions in the company. Arcadia Investment Management Corp MI raised its position in Republic Services by 200.0% in the fourth quarter. Arcadia Investment Management Corp MI now owns 132 shares of the business services provider's stock worth $27,000 after acquiring an additional 88 shares in the last quarter. R Squared Ltd acquired a new stake in Republic Services during the fourth quarter valued at approximately $32,000. New Age Alpha Advisors LLC boosted its holdings 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 worth $36,000 after buying an additional 73 shares in the last quarter. Generali Asset Management SPA SGR bought a new position in shares of Republic Services in the fourth quarter valued at $45,000. Finally, Bank of Jackson Hole Trust acquired a new stake in shares of Republic Services during the 4th quarter valued at $48,000. 57.73% of the stock is owned by institutional investors and hedge funds.

Republic Services Stock Down 2.3 %

Shares of Republic Services stock traded down $5.38 during midday trading on Monday, reaching $230.04. 866,003 shares of the company's stock traded hands, compared to its average volume of 1,100,657. The company has a market cap of $71.84 billion, a price-to-earnings ratio of 35.33, a price-to-earnings-growth ratio of 3.64 and a beta of 0.62. Republic Services, Inc. has a 52 week low of $180.92 and a 52 week high of $249.73. The company's 50 day simple moving average is $230.70 and its 200 day simple moving average is $215.25. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.64 and a current ratio of 0.58.

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Republic Services (NYSE:RSG - Get Free Report) last posted 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 firm had revenue of $4.05 billion during the quarter, compared to analyst estimates of $4.08 billion. During the same period in the previous year, the company earned $1.41 EPS. Equities analysts expect that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.

Republic Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Wednesday, April 2nd will be issued a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend is Wednesday, April 2nd. Republic Services's dividend payout ratio (DPR) is currently 35.75%.

Analyst Ratings Changes

A number of brokerages recently weighed in on RSG. Argus set a $260.00 price target on Republic Services in a research note on Tuesday, February 18th. Truist Financial reissued 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. Royal Bank of Canada upgraded shares of Republic Services from a "sector perform" rating to an "outperform" rating and upped their price target for the company from $219.00 to $237.00 in a research report on Monday, January 6th. CIBC raised shares of Republic Services from a "neutral" rating to a "sector outperform" rating and set a $264.00 target price on the stock in a research note on Tuesday, March 4th. Finally, Deutsche Bank Aktiengesellschaft raised Republic Services from a "hold" rating to a "buy" rating and raised their target price for the stock from $219.00 to $237.00 in a research report on Tuesday, December 10th. Five research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Republic Services has an average rating of "Moderate Buy" and a consensus price target of $236.88.

Insiders Place Their Bets

In other news, COO Gregg Brummer sold 6,293 shares of the firm's stock in a transaction 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 sale, the chief operating officer now 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 SEC, which is accessible through this hyperlink. Company 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.