Republic Services, Inc. (NYSE:RSG) Shares Sold by RWWM Inc.

RWWM Inc. lowered its position in Republic Services, Inc. (NYSE:RSG - Free Report) by 28.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,009 shares of the business services provider's stock after selling 2,806 shares during the quarter. Republic Services comprises about 0.1% of RWWM Inc.'s holdings, making the stock its 16th biggest holding. RWWM Inc.'s holdings in Republic Services were worth $1,410,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of RSG. Arcadia Investment Management Corp MI lifted its position in Republic Services by 200.0% in the fourth quarter. Arcadia Investment Management Corp MI now owns 132 shares of the business services provider's stock valued at $27,000 after buying an additional 88 shares during the last quarter. R Squared Ltd acquired a new position in shares of Republic Services in the 4th quarter worth approximately $32,000. New Age Alpha Advisors LLC increased its holdings in Republic Services by 70.2% in the 4th quarter. New Age Alpha Advisors LLC now owns 177 shares of the business services provider's stock valued at $36,000 after purchasing an additional 73 shares during the last quarter. Generali Asset Management SPA SGR acquired a new position in Republic Services during the fourth quarter worth $45,000. Finally, Bank of Jackson Hole Trust purchased a new position in shares of Republic Services during the fourth quarter worth $48,000. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on RSG shares. William Blair reissued an "outperform" rating on shares of Republic Services in a research note on Friday, February 14th. Argus set a $260.00 target price on shares of Republic Services in a report on Tuesday, February 18th. Scotiabank boosted their price target on shares of Republic Services from $233.00 to $250.00 and gave the stock a "sector perform" rating in a research note on Tuesday, April 8th. Jefferies Financial Group increased their price objective on Republic Services from $235.00 to $244.00 and gave the company a "buy" rating in a research note on Thursday, January 23rd. Finally, Truist Financial restated a "buy" rating and set a $250.00 price target (up previously from $244.00) on shares of Republic Services in a report on Friday, February 14th. Five analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $239.13.

Insider Activity

In other news, COO Gregg Brummer sold 6,293 shares of the business's stock in a transaction on 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 completion of the sale, the chief operating officer now directly owns 10,416 shares of the company's stock, valued at $2,376,931.20. The trade was a 37.66 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.09% of the company's stock.

Republic Services Price Performance

Shares of NYSE RSG traded down $0.51 during midday trading on Friday, hitting $243.11. The company had a trading volume of 837,780 shares, compared to its average volume of 1,116,459. Republic Services, Inc. has a twelve month low of $180.92 and a twelve month high of $249.73. 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 firm has a market capitalization of $75.92 billion, a price-to-earnings ratio of 37.46, a price-to-earnings-growth ratio of 3.64 and a beta of 0.62. The business has a 50-day simple moving average of $235.09 and a two-hundred day simple moving average of $217.77.

Republic Services (NYSE:RSG - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The business services provider reported $1.58 earnings per share for the quarter, beating analysts' consensus estimates of $1.37 by $0.21. The business had revenue of $4.05 billion during the quarter, compared to analysts' expectations of $4.08 billion. Republic Services had a return on equity of 18.28% and a net margin of 12.74%. During the same quarter last year, the business posted $1.41 earnings per share. Equities research analysts anticipate that Republic Services, Inc. will post 6.86 earnings per share for the current year.

Republic Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Wednesday, April 2nd were paid a $0.58 dividend. The ex-dividend date of this dividend was Wednesday, April 2nd. This represents a $2.32 annualized dividend and a yield of 0.95%. Republic Services's payout ratio is currently 35.75%.

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.