Price T Rowe Associates Inc. MD Has $1.07 Billion Stock Holdings in Republic Services, Inc. (NYSE:RSG)

Price T Rowe Associates Inc. MD raised its holdings in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 10.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,317,804 shares of the business services provider's stock after purchasing an additional 499,237 shares during the period. Price T Rowe Associates Inc. MD owned about 1.70% of Republic Services worth $1,069,836,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. McGlone Suttner Wealth Management Inc. boosted its stake in Republic Services by 2.2% in the fourth quarter. McGlone Suttner Wealth Management Inc. now owns 2,213 shares of the business services provider's stock valued at $445,000 after acquiring an additional 48 shares during the period. Access Financial Services Inc. grew its stake in Republic Services by 0.8% during the 4th quarter. Access Financial Services Inc. now owns 6,178 shares of the business services provider's stock worth $1,243,000 after buying an additional 51 shares during the last quarter. Tower Wealth Partners Inc. increased its position in Republic Services by 3.3% in the fourth quarter. Tower Wealth Partners Inc. now owns 1,697 shares of the business services provider's stock worth $341,000 after buying an additional 54 shares during the period. Umpqua Bank lifted its stake in Republic Services by 3.2% in the fourth quarter. Umpqua Bank now owns 1,808 shares of the business services provider's stock valued at $374,000 after buying an additional 56 shares during the last quarter. Finally, Fidelis Capital Partners LLC boosted its holdings in shares of Republic Services by 3.9% during the fourth quarter. Fidelis Capital Partners LLC now owns 1,579 shares of the business services provider's stock valued at $349,000 after acquiring an additional 59 shares during the period. 57.73% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on RSG shares. Truist Financial boosted their target price on shares of Republic Services from $250.00 to $270.00 and gave the company a "buy" rating in a research note on Tuesday, April 22nd. Raymond James reissued an "outperform" rating on shares of Republic Services in a report on Wednesday, April 16th. Argus set a $260.00 price target on Republic Services in a research report on Tuesday, February 18th. CIBC raised Republic Services from a "neutral" rating to a "sector outperform" rating and set a $264.00 price target on the stock in a report on Tuesday, March 4th. Finally, William Blair reaffirmed an "outperform" rating on shares of Republic Services in a report on Friday. Five equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Republic Services presently has a consensus rating of "Moderate Buy" and a consensus price target of $245.38.

Insider Activity at Republic Services

In other Republic Services news, COO Gregg Brummer sold 6,293 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $228.20, for a total value of $1,436,062.60. Following the completion of the sale, the chief operating officer now owns 10,416 shares in the company, valued at $2,376,931.20. This represents a 37.66 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.11% of the stock is owned by insiders.

Republic Services Price Performance

Shares of NYSE RSG traded up $3.20 during mid-day trading on Friday, reaching $243.96. The company had a trading volume of 1,947,545 shares, compared to its average volume of 1,116,214. The company has a 50-day moving average price of $236.86 and a two-hundred day moving average price of $219.56. The stock has a market cap of $76.23 billion, a PE ratio of 37.59, a P/E/G ratio of 3.64 and a beta of 0.62. The company has a current ratio of 0.58, a quick ratio of 0.64 and a debt-to-equity ratio of 1.04. 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 quarterly earnings data on Thursday, April 24th. The business services provider reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.55 by $0.03. Republic Services had a return on equity of 18.28% and a net margin of 12.74%. The firm had revenue of $4.01 billion for the quarter, compared to the consensus estimate of $4.08 billion. On average, equities analysts anticipate that Republic Services, Inc. will post 6.86 earnings per share for the current year.

Republic Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Wednesday, July 2nd will be given a $0.58 dividend. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $2.32 annualized dividend and a dividend yield of 0.95%. Republic Services's dividend payout ratio (DPR) is presently 34.99%.

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.