Republic Services, Inc. (NYSE:RSG) Shares Acquired by Mizuho Securities USA LLC

Mizuho Securities USA LLC lifted its position in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 45.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,292 shares of the business services provider's stock after purchasing an additional 6,054 shares during the period. Mizuho Securities USA LLC's holdings in Republic Services were worth $3,881,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Wellington Management Group LLP lifted its stake in shares of Republic Services by 23.2% in the third quarter. Wellington Management Group LLP now owns 6,004,199 shares of the business services provider's stock valued at $1,205,883,000 after buying an additional 1,131,850 shares in the last quarter. Geode Capital Management LLC boosted its stake in Republic Services by 1.7% in the third quarter. Geode Capital Management LLC now owns 4,507,521 shares of the business services provider's stock valued at $903,316,000 after acquiring an additional 73,207 shares during the last quarter. Nordea Investment Management AB grew its stake in shares of Republic Services by 19.4% during the 4th quarter. Nordea Investment Management AB now owns 3,129,322 shares of the business services provider's stock worth $626,553,000 after acquiring an additional 509,116 shares during the period. Allspring Global Investments Holdings LLC increased its stake in shares of Republic Services by 1.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,546,088 shares of the business services provider's stock worth $509,462,000 after purchasing an additional 25,350 shares in the last quarter. Finally, Stifel Financial Corp lifted its position in shares of Republic Services by 437.9% during the third quarter. Stifel Financial Corp now owns 1,814,613 shares of the business services provider's stock worth $364,449,000 after acquiring an additional 1,477,255 shares in the last quarter. 57.73% of the stock is owned by institutional investors and hedge funds.

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Insiders Place Their Bets

In related news, COO Gregg Brummer sold 6,293 shares of the business's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $228.20, for a total transaction of $1,436,062.60. Following the sale, the chief operating officer now owns 10,416 shares of the company's stock, valued at approximately $2,376,931.20. The trade was a 37.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.09% of the stock is currently owned by insiders.

Republic Services Price Performance

NYSE RSG traded up $2.23 during trading hours on Thursday, hitting $239.98. 1,256,528 shares of the company's stock traded hands, compared to its average volume of 1,010,326. Republic Services, Inc. has a 52-week low of $180.92 and a 52-week high of $240.97. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.58 and a quick ratio of 0.64. The firm's 50-day moving average is $226.67 and its 200-day moving average is $213.33. The company has a market capitalization of $74.94 billion, a PE ratio of 36.98, a PEG ratio of 3.64 and a beta of 0.73.

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, beating analysts' consensus estimates of $1.37 by $0.21. The company had revenue of $4.05 billion for the quarter, compared to analysts' expectations of $4.08 billion. Republic Services had a net margin of 12.74% and a return on equity of 18.28%. During the same quarter in the prior year, the company posted $1.41 earnings per share. Equities analysts forecast that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.

Republic Services Dividend Announcement

The company also recently announced 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 0.97%. The ex-dividend date is Wednesday, April 2nd. Republic Services's dividend payout ratio (DPR) is currently 35.75%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. BMO Capital Markets upgraded Republic Services from a "market perform" rating to an "outperform" rating and lifted their price target for the company from $211.00 to $238.00 in a research report on Friday, December 6th. UBS Group lifted their target price on shares of 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 target price (up from $244.00) on shares of Republic Services in a research report on Friday, February 14th. Morgan Stanley raised their target price on Republic Services from $220.00 to $230.00 and gave the company an "equal weight" rating in a research note on Friday, February 14th. Finally, Argus set a $260.00 price target on shares of Republic Services in a research report on Tuesday, February 18th. Five research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $236.88.

Republic Services 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.