Privium Fund Management UK Ltd Buys Shares of 2,991 Republic Services, Inc. (NYSE:RSG)

Privium Fund Management UK Ltd purchased a new position in shares of Republic Services, Inc. (NYSE:RSG - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 2,991 shares of the business services provider's stock, valued at approximately $578,000.

A number of other hedge funds also recently modified their holdings of RSG. Axxcess Wealth Management LLC boosted its stake in shares of Republic Services by 183.4% during the 4th quarter. Axxcess Wealth Management LLC now owns 8,075 shares of the business services provider's stock worth $1,332,000 after acquiring an additional 5,226 shares during the period. Sapient Capital LLC bought a new stake in shares of Republic Services in the 4th quarter valued at about $228,000. Spire Wealth Management grew its position in shares of Republic Services by 10.7% in the 4th quarter. Spire Wealth Management now owns 2,993 shares of the business services provider's stock valued at $505,000 after buying an additional 289 shares during the last quarter. Private Advisor Group LLC grew its position in shares of Republic Services by 12.4% in the 4th quarter. Private Advisor Group LLC now owns 21,789 shares of the business services provider's stock valued at $3,593,000 after buying an additional 2,400 shares during the last quarter. Finally, Apollon Wealth Management LLC boosted its position in shares of Republic Services by 132.2% during the 4th quarter. Apollon Wealth Management LLC now owns 11,803 shares of the business services provider's stock valued at $1,946,000 after purchasing an additional 6,720 shares in the last quarter. Institutional investors and hedge funds own 57.73% of the company's stock.

Republic Services Price Performance

Shares of Republic Services stock traded down $2.38 during trading hours on Tuesday, reaching $205.83. The stock had a trading volume of 1,120,310 shares, compared to its average volume of 899,134. The stock's 50 day moving average is $199.99 and its 200 day moving average is $191.98. The firm has a market capitalization of $64.65 billion, a PE ratio of 36.11, a PEG ratio of 3.34 and a beta of 0.70. Republic Services, Inc. has a twelve month low of $140.23 and a twelve month high of $208.69. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.05.

Republic Services (NYSE:RSG - Get Free Report) last announced its quarterly earnings data on Wednesday, July 24th. The business services provider reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.08. Republic Services had a net margin of 12.11% and a return on equity of 17.81%. The company had revenue of $4.05 billion during the quarter, compared to analysts' expectations of $4.03 billion. Equities analysts expect that Republic Services, Inc. will post 6.18 earnings per share for the current fiscal year.

Republic Services Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Wednesday, October 2nd will be issued a dividend of $0.58 per share. The ex-dividend date of this dividend is Wednesday, October 2nd. This is a positive change from Republic Services's previous quarterly dividend of $0.54. This represents a $2.32 dividend on an annualized basis and a yield of 1.13%. Republic Services's dividend payout ratio is 37.54%.

Insider Activity

In related news, Director Tomago Collins sold 3,200 shares of the stock in a transaction on Friday, August 16th. The shares were sold at an average price of $203.01, for a total value of $649,632.00. Following the transaction, the director now directly owns 17,486 shares of the company's stock, valued at approximately $3,549,832.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.09% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on RSG shares. Truist Financial raised Republic Services from a "hold" rating to a "buy" rating and upped their price target for the stock from $192.00 to $220.00 in a research note on Thursday, July 11th. TD Cowen increased their price target on Republic Services from $195.00 to $200.00 and gave the company a "hold" rating in a research report on Monday, August 5th. CIBC increased their price objective on Republic Services from $196.00 to $208.00 and gave the company a "neutral" rating in a report on Thursday, July 25th. Stifel Nicolaus raised their price target on Republic Services from $215.00 to $230.00 and gave the stock a "buy" rating in a report on Thursday, July 25th. Finally, BMO Capital Markets increased their price objective on Republic Services from $209.00 to $211.00 and gave the stock a "market perform" rating in a research report on Thursday, July 25th. Ten investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $211.00.

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.