Republic Services, Inc. (NYSE:RSG) Stock Holdings Lifted by Invesco Ltd.

Invesco Ltd. increased its position in Republic Services, Inc. (NYSE:RSG - Free Report) by 10.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,917,546 shares of the business services provider's stock after acquiring an additional 176,572 shares during the quarter. Invesco Ltd. owned about 0.61% of Republic Services worth $385,772,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. Arcadia Investment Management Corp MI raised its stake in Republic Services by 200.0% during the fourth quarter. Arcadia Investment Management Corp MI now owns 132 shares of the business services provider's stock valued at $27,000 after purchasing an additional 88 shares in the last quarter. R Squared Ltd purchased a new stake in Republic Services during the fourth quarter worth $32,000. New Age Alpha Advisors LLC increased its holdings in shares of 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 acquiring an additional 73 shares during the period. Generali Asset Management SPA SGR bought a new position in shares of Republic Services in the 4th quarter worth $45,000. Finally, Bank of Jackson Hole Trust purchased a new position in shares of Republic Services in the 4th quarter worth approximately $48,000. Hedge funds and other institutional investors own 57.73% of the company's stock.

Insiders Place Their Bets

In related news, COO Gregg Brummer sold 6,293 shares of the stock in a transaction on Wednesday, February 19th. The stock was 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 directly owns 10,416 shares in the company, valued at approximately $2,376,931.20. This represents a 37.66 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.09% of the stock is currently owned by insiders.

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Republic Services Stock Performance

NYSE:RSG traded down $0.66 during trading hours on Tuesday, reaching $244.90. 325,259 shares of the company's stock were exchanged, compared to its average volume of 1,116,079. The company has a 50-day moving average of $233.74 and a 200 day moving average of $217.10. Republic Services, Inc. has a 1-year low of $180.92 and a 1-year 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 $76.48 billion, a price-to-earnings ratio of 37.74, a P/E/G ratio of 3.64 and a beta of 0.62.

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

Republic Services Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. The Goldman Sachs Group boosted their price objective on shares of Republic Services from $239.00 to $265.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. Argus set a $260.00 price target on shares of Republic Services in a report on Tuesday, February 18th. Stifel Nicolaus increased their price objective on shares of Republic Services from $240.00 to $257.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. Truist Financial reaffirmed a "buy" rating and set a $250.00 price objective (up previously from $244.00) on shares of Republic Services in a research note on Friday, February 14th. Finally, Royal Bank of Canada raised shares of Republic Services from a "sector perform" rating to an "outperform" rating and lifted their price target for the company from $219.00 to $237.00 in a research note on Monday, January 6th. 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 stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $239.13.

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.