Republic Services, Inc. (NYSE:RSG) Shares Bought by Natixis

Natixis grew its holdings in Republic Services, Inc. (NYSE:RSG - Free Report) by 259.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,782 shares of the business services provider's stock after purchasing an additional 7,059 shares during the quarter. Natixis' holdings in Republic Services were worth $1,968,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Arcadia Investment Management Corp MI raised its position in shares of 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 purchased a new stake in Republic Services in the 4th quarter worth approximately $32,000. New Age Alpha Advisors LLC lifted its stake in shares of Republic Services by 70.2% during the 4th quarter. New Age Alpha Advisors LLC now owns 177 shares of the business services provider's stock worth $36,000 after purchasing an additional 73 shares during the period. Generali Asset Management SPA SGR acquired a new stake in shares of Republic Services during the fourth quarter worth $45,000. Finally, Bank of Jackson Hole Trust purchased a new stake in shares of Republic Services in the fourth quarter valued at $48,000. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Republic Services Trading Up 1.8 %

RSG opened at $242.77 on Wednesday. The firm has a market capitalization of $75.81 billion, a P/E ratio of 37.41, a P/E/G ratio of 3.64 and a beta of 0.62. The firm's 50 day moving average is $236.16 and its 200-day moving average is $218.73. The company has a quick ratio of 0.64, a current ratio of 0.58 and a debt-to-equity ratio of 1.04. Republic Services, Inc. has a 52-week low of $180.92 and a 52-week 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 EPS for the quarter, topping analysts' consensus estimates of $1.37 by $0.21. The firm had revenue of $4.05 billion for the quarter, compared to analyst estimates 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 previous year, the business posted $1.41 EPS. Analysts expect that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.

Republic Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Wednesday, April 2nd were issued a dividend of $0.58 per share. The ex-dividend date of this dividend was Wednesday, April 2nd. This represents a $2.32 annualized dividend and a yield of 0.96%. Republic Services's dividend payout ratio is presently 35.75%.

Insider Activity

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

Analysts Set New Price Targets

RSG has been the topic of a number of research analyst reports. Morgan Stanley raised their price target on Republic Services from $220.00 to $230.00 and gave the stock an "equal weight" rating in a research note on Friday, February 14th. Scotiabank boosted their target price on shares of Republic Services from $233.00 to $250.00 and gave the company a "sector perform" rating in a report on Tuesday, April 8th. Argus set a $260.00 price target on shares of Republic Services in a research note on Tuesday, February 18th. Royal Bank of Canada raised shares of Republic Services from a "sector perform" rating to an "outperform" rating and boosted their price objective for the company from $219.00 to $237.00 in a research note on Monday, January 6th. Finally, Truist Financial increased their target price on Republic Services from $250.00 to $270.00 and gave the stock a "buy" rating in a research report on Tuesday. Five analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $240.38.

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.

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