Republic Services, Inc. (NYSE:RSG) Shares Sold by Headlands Technologies LLC

Headlands Technologies LLC lowered its position in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 54.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,841 shares of the business services provider's stock after selling 4,567 shares during the period. Headlands Technologies LLC's holdings in Republic Services were worth $773,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Arcadia Investment Management Corp MI increased its holdings 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 valued at $27,000 after acquiring an additional 88 shares during the last quarter. R Squared Ltd acquired a new position in Republic Services in the fourth quarter valued at approximately $32,000. New Age Alpha Advisors LLC increased 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 valued at $36,000 after purchasing an additional 73 shares during the last quarter. Generali Asset Management SPA SGR acquired a new stake in Republic Services during the fourth quarter worth approximately $45,000. Finally, Bank of Jackson Hole Trust purchased a new stake in shares of Republic Services during the 4th quarter worth approximately $48,000. Hedge funds and other institutional investors own 57.73% of the company's stock.

Republic Services Price Performance

Shares of RSG stock traded down $5.12 during midday trading on Monday, reaching $230.30. 866,003 shares of the company traded hands, compared to its average volume of 1,100,657. The firm's 50 day simple moving average is $230.70 and its two-hundred day simple moving average is $215.25. The firm has a market cap of $71.92 billion, a PE ratio of 35.33, a price-to-earnings-growth ratio of 3.64 and a beta of 0.62. 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 1-year low of $180.92 and a 1-year high of $249.73.

Republic Services (NYSE:RSG - Get Free Report) last posted its earnings results on Thursday, February 13th. The business services provider reported $1.58 EPS for the quarter, topping analysts' consensus estimates of $1.37 by $0.21. Republic Services had a return on equity of 18.28% and a net margin of 12.74%. The company had revenue of $4.05 billion for the quarter, compared to the consensus estimate of $4.08 billion. During the same period in the previous year, the business earned $1.41 earnings per share. On average, equities research analysts expect that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.

Republic Services Announces Dividend

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 given a dividend of $0.58 per share. 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 payout ratio is currently 35.75%.

Analysts Set New Price Targets

Several equities research analysts recently commented on RSG shares. Truist Financial reiterated a "buy" rating and set a $250.00 price target (up from $244.00) on shares of Republic Services in a research note on Friday, February 14th. Morgan Stanley lifted their target price on shares of Republic Services from $220.00 to $230.00 and gave the company an "equal weight" rating in a report on Friday, February 14th. Cibc World Mkts upgraded shares of Republic Services from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 4th. Argus set a $260.00 price target on Republic Services in a research note on Tuesday, February 18th. Finally, CIBC upgraded shares of Republic Services from a "neutral" rating to a "sector outperform" rating and set a $264.00 price objective on the stock in a research report on Tuesday, March 4th. Five equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Republic Services has a consensus rating of "Moderate Buy" and an average price target of $236.88.

Insider Buying and Selling at Republic Services

In related 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 completion of the transaction, the chief operating officer now directly 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 document filed with the SEC, which is available at this hyperlink. 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.