Impact Capital Partners LLC Invests $1.70 Million in Republic Services, Inc. (NYSE:RSG)

Impact Capital Partners LLC purchased a new position in Republic Services, Inc. (NYSE:RSG - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 8,462 shares of the business services provider's stock, valued at approximately $1,702,000.

A number of other hedge funds also recently bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Republic Services by 37.5% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,682 shares of the business services provider's stock valued at $3,586,000 after buying an additional 4,827 shares in the last quarter. TCW Group Inc. grew its position in shares of Republic Services by 13.0% in the third quarter. TCW Group Inc. now owns 114,582 shares of the business services provider's stock valued at $23,013,000 after purchasing an additional 13,138 shares during the period. Avanza Fonder AB acquired a new position in shares of Republic Services during the 4th quarter worth about $4,430,000. Hickory Point Bank & Trust purchased a new position in Republic Services in the 4th quarter valued at about $790,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Republic Services in the 3rd quarter worth about $6,102,000. Hedge funds and other institutional investors own 57.73% of the company's stock.

Insider Activity at Republic Services

In other Republic Services news, COO Gregg Brummer sold 6,293 shares of the 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 sale, the chief operating officer now owns 10,416 shares of the company's stock, valued at $2,376,931.20. This trade represents a 37.66 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.09% of the stock is currently owned by company insiders.

Republic Services Trading Down 0.5 %

RSG opened at $230.47 on Thursday. Republic Services, Inc. has a 52 week low of $180.91 and a 52 week high of $240.95. 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 business has a fifty day simple moving average of $220.75 and a 200-day simple moving average of $211.38. The firm has a market cap of $71.97 billion, a P/E ratio of 35.51, a P/E/G ratio of 3.64 and a beta of 0.73.

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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 for the quarter, beating the consensus estimate of $1.37 by $0.21. The company had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $4.08 billion. Republic Services had a return on equity of 18.28% and a net margin of 12.74%. During the same period in the previous year, the company posted $1.41 EPS. On average, equities analysts expect that Republic Services, Inc. will post 6.86 earnings per share for the current year.

Republic Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders 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 dividend yield of 1.01%. The ex-dividend date is Wednesday, April 2nd. Republic Services's dividend payout ratio is currently 35.75%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on RSG. Jefferies Financial Group lifted their price target on Republic Services from $235.00 to $244.00 and gave the stock a "buy" rating in a research note on Thursday, January 23rd. Argus set a $260.00 target price on shares of Republic Services in a research note on Tuesday, February 18th. Truist Financial reissued a "buy" rating and issued a $250.00 price target (up from $244.00) on shares of Republic Services in a research note on Friday, February 14th. William Blair reaffirmed an "outperform" rating on shares of Republic Services in a research note on Friday, February 14th. Finally, UBS Group increased their price objective on shares of Republic Services from $212.00 to $240.00 and gave the company a "neutral" rating in a report on Wednesday, February 19th. Five analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $236.88.

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.

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