Tradewinds LLC. boosted its holdings in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 8.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,549 shares of the business services provider's stock after acquiring an additional 2,367 shares during the period. Republic Services comprises about 1.9% of Tradewinds LLC.'s portfolio, making the stock its 13th largest position. Tradewinds LLC.'s holdings in Republic Services were worth $6,777,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. McGlone Suttner Wealth Management Inc. boosted its position in Republic Services by 2.2% during 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 purchasing an additional 48 shares in the last quarter. Access Financial Services Inc. lifted its position in shares of Republic Services by 0.8% during the fourth quarter. Access Financial Services Inc. now owns 6,178 shares of the business services provider's stock valued at $1,243,000 after buying an additional 51 shares during the last quarter. Hantz Financial Services Inc. boosted its holdings in shares of Republic Services by 1.0% in the 3rd quarter. Hantz Financial Services Inc. now owns 5,099 shares of the business services provider's stock valued at $1,024,000 after buying an additional 52 shares in the last quarter. Tower Wealth Partners Inc. grew its position in shares of Republic Services by 3.3% in the 4th 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 last quarter. Finally, Umpqua Bank raised its stake in shares of Republic Services by 3.2% during the 4th quarter. Umpqua Bank now owns 1,808 shares of the business services provider's stock worth $374,000 after acquiring an additional 56 shares in the last quarter. 57.73% of the stock is currently owned by institutional investors.
Republic Services Stock Performance
Shares of NYSE RSG traded down $13.15 during trading on Friday, reaching $235.29. 3,157,638 shares of the company traded hands, compared to its average volume of 1,101,438. Republic Services, Inc. has a 12-month low of $180.92 and a 12-month high of $249.73. The company has a current ratio of 0.58, a quick ratio of 0.64 and a debt-to-equity ratio of 1.04. The stock has a market cap of $73.48 billion, a P/E ratio of 36.25, a PEG ratio of 3.64 and a beta of 0.62. The firm's fifty day simple moving average is $230.70 and its 200 day simple moving average is $215.14.
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 (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 return on equity of 18.28% and a net margin of 12.74%. During the same period in the previous year, the company posted $1.41 earnings per share. As a group, research analysts anticipate that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.
Republic Services Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Wednesday, April 2nd will be given a $0.58 dividend. The ex-dividend date is Wednesday, April 2nd. This represents a $2.32 dividend on an annualized basis and a dividend yield of 0.99%. Republic Services's dividend payout ratio (DPR) is currently 35.75%.
Wall Street Analyst Weigh In
RSG has been the topic of a number of recent analyst reports. Royal Bank of Canada raised Republic Services from a "sector perform" rating to an "outperform" rating and upped their price target for the stock from $219.00 to $237.00 in a research report on Monday, January 6th. CIBC raised Republic Services from a "neutral" rating to a "sector outperform" rating and set a $264.00 target price on the stock in a research report on Tuesday, March 4th. Truist Financial reissued a "buy" rating and issued a $250.00 price target (up previously from $244.00) on shares of Republic Services in a report on Friday, February 14th. Stifel Nicolaus upped their price objective on shares of Republic Services from $240.00 to $257.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. Finally, William Blair reiterated an "outperform" rating on shares of Republic Services in a research note on Friday, February 14th. 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 stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $236.88.
Check Out Our Latest Stock Report on RSG
Insider Transactions at Republic Services
In other news, COO Gregg Brummer sold 6,293 shares of the stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $228.20, for a total transaction of $1,436,062.60. Following the transaction, the chief operating officer now owns 10,416 shares in the company, valued at $2,376,931.20. This trade represents a 37.66 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.09% of the company's stock.
About Republic Services
(
Free Report)
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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