International Assets Investment Management LLC Sells 535,981 Shares of Republic Services, Inc. (NYSE:RSG)

International Assets Investment Management LLC lessened its position in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 99.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,672 shares of the business services provider's stock after selling 535,981 shares during the period. International Assets Investment Management LLC's holdings in Republic Services were worth $535,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. FSA Wealth Management LLC bought a new stake in Republic Services during the third quarter valued at $25,000. Wolff Wiese Magana LLC boosted its position in shares of Republic Services by 351.6% during the 3rd quarter. Wolff Wiese Magana LLC now owns 140 shares of the business services provider's stock valued at $28,000 after acquiring an additional 109 shares during the last quarter. Webster Bank N. A. purchased a new position in shares of Republic Services during the third quarter worth about $31,000. Truvestments Capital LLC bought a new position in shares of Republic Services in the third quarter worth approximately $34,000. Finally, Itau Unibanco Holding S.A. bought a new stake in Republic Services during the second quarter valued at approximately $36,000. 57.73% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on RSG. Royal Bank of Canada upgraded shares of Republic Services from a "sector perform" rating to an "outperform" rating and raised their price objective for the company from $219.00 to $237.00 in a research report on Monday, January 6th. Truist Financial boosted their target price on Republic Services from $220.00 to $244.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. Scotiabank assumed coverage on shares of Republic Services in a research note on Friday, October 4th. They set a "sector perform" rating and a $224.00 price target on the stock. Morgan Stanley upped their price objective on shares of Republic Services from $217.00 to $220.00 and gave the company an "equal weight" rating in a research note on Thursday, December 12th. Finally, BMO Capital Markets upgraded shares of Republic Services from a "market perform" rating to an "outperform" rating and lifted their target price for the stock from $211.00 to $238.00 in a research report on Friday, December 6th. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, Republic Services has an average rating of "Moderate Buy" and a consensus price target of $221.12.

Insider Buying and Selling

In other news, Director Katharine Weymouth sold 1,859 shares of Republic Services stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $215.27, for a total value of $400,186.93. Following the completion of the transaction, the director now owns 879 shares of the company's stock, valued at $189,222.33. The trade was a 67.90 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Brian M. Delghiaccio sold 5,071 shares of the stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $210.02, for a total transaction of $1,065,011.42. Following the sale, the chief financial officer now directly owns 6,318 shares in the company, valued at $1,326,906.36. This trade represents a 44.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.09% of the stock is owned by company insiders.

Republic Services Trading Down 0.2 %

Shares of NYSE:RSG traded down $0.49 on Friday, hitting $206.47. The company had a trading volume of 1,315,589 shares, compared to its average volume of 1,001,398. The firm's 50-day simple moving average is $208.87 and its two-hundred day simple moving average is $203.95. The firm has a market capitalization of $64.66 billion, a price-to-earnings ratio of 33.04, a P/E/G ratio of 3.30 and a beta of 0.73. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.07. Republic Services, Inc. has a 1 year low of $163.17 and a 1 year high of $220.58.

Republic Services (NYSE:RSG - Get Free Report) last posted its earnings results on Tuesday, October 29th. The business services provider reported $1.81 earnings per share for the quarter, topping analysts' consensus estimates of $1.61 by $0.20. Republic Services had a return on equity of 18.18% and a net margin of 12.46%. The firm had revenue of $4.08 billion for the quarter, compared to the consensus estimate of $4.12 billion. During the same quarter in the prior year, the business earned $1.54 EPS. The business's revenue for the quarter was up 6.5% on a year-over-year basis. Equities analysts anticipate that Republic Services, Inc. will post 6.25 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 Wednesday, January 15th. Stockholders of record on Thursday, January 2nd will be given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date of this dividend is Thursday, January 2nd. Republic Services's dividend payout ratio is presently 37.12%.

About Republic Services

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.