Rathbones Group PLC Increases Position in Republic Services, Inc. (NYSE:RSG)

Rathbones Group PLC lifted its position in Republic Services, Inc. (NYSE:RSG - Free Report) by 1.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 86,769 shares of the business services provider's stock after acquiring an additional 1,403 shares during the period. Rathbones Group PLC's holdings in Republic Services were worth $17,456,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. lifted its position in Republic Services by 37.5% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,682 shares of the business services provider's stock valued at $3,586,000 after buying an additional 4,827 shares during the period. TCW Group Inc. lifted its position in Republic Services by 13.0% during the 3rd quarter. TCW Group Inc. now owns 114,582 shares of the business services provider's stock valued at $23,013,000 after acquiring an additional 13,138 shares during the period. DnB Asset Management AS boosted its stake in Republic Services by 65.1% during the fourth quarter. DnB Asset Management AS now owns 72,931 shares of the business services provider's stock worth $14,672,000 after acquiring an additional 28,764 shares in the last quarter. Avanza Fonder AB bought a new position in shares of Republic Services during the fourth quarter valued at approximately $4,430,000. Finally, Czech National Bank boosted its position in shares of Republic Services by 6.1% in the 4th quarter. Czech National Bank now owns 44,134 shares of the business services provider's stock worth $8,879,000 after purchasing an additional 2,548 shares in the last quarter. Hedge funds and other institutional investors own 57.73% of the company's stock.

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Analyst Ratings Changes

A number of research analysts have issued reports on the company. UBS Group lifted their price objective on Republic Services from $240.00 to $250.00 and gave the company a "neutral" rating in a research note on Friday. Argus set a $260.00 price target on shares of Republic Services in a research note on Tuesday, February 18th. The Goldman Sachs Group raised their price objective on shares of Republic Services from $239.00 to $265.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. Truist Financial reiterated a "buy" rating and issued a $250.00 target price (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 raised their price target for the company from $219.00 to $237.00 in a research report on Monday, January 6th. Five analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Republic Services currently has a consensus rating of "Moderate Buy" and a consensus target price of $239.13.

Republic Services Stock Performance

Republic Services stock traded up $3.86 during mid-day trading on Friday, reaching $244.09. 1,569,337 shares of the stock traded hands, compared to its average volume of 1,119,960. The stock has a market capitalization of $76.22 billion, a PE ratio of 37.61, a price-to-earnings-growth ratio of 3.64 and a beta of 0.62. 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 business's 50-day moving average is $233.24 and its 200-day moving average is $216.78. Republic Services, Inc. has a 12-month low of $180.92 and a 12-month high of $249.73.

Republic Services (NYSE:RSG - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The business services provider reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.21. The firm 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 business earned $1.41 EPS. As a group, sell-side analysts predict that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.

Republic Services Announces Dividend

The firm also recently disclosed 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 0.95%. The ex-dividend date is Wednesday, April 2nd. Republic Services's payout ratio is 35.75%.

Insider Buying and Selling

In other Republic Services news, COO Gregg Brummer sold 6,293 shares of the company's stock in a transaction dated 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 owns 10,416 shares in the company, valued at $2,376,931.20. This represents a 37.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.09% of the stock is owned by insiders.

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.