Townsquare Capital LLC Purchases 2,534 Shares of Republic Services, Inc. (NYSE:RSG)

Townsquare Capital LLC lifted its position in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 4.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 58,942 shares of the business services provider's stock after acquiring an additional 2,534 shares during the period. Townsquare Capital LLC's holdings in Republic Services were worth $11,858,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Republic Services by 37.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,682 shares of the business services provider's stock worth $3,586,000 after purchasing an additional 4,827 shares in the last quarter. DnB Asset Management AS increased its position in shares of Republic Services by 65.1% during the 4th quarter. DnB Asset Management AS now owns 72,931 shares of the business services provider's stock valued at $14,672,000 after purchasing an additional 28,764 shares during the last quarter. Avanza Fonder AB bought a new stake in shares of Republic Services in the 4th quarter worth about $4,430,000. Czech National Bank raised its holdings in shares of Republic Services by 6.1% in the fourth quarter. Czech National Bank now owns 44,134 shares of the business services provider's stock worth $8,879,000 after buying an additional 2,548 shares during the period. Finally, Hickory Point Bank & Trust bought a new position in shares of Republic Services in the fourth quarter worth about $790,000. 57.73% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling 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 shares were sold at an average price of $228.20, for a total transaction of $1,436,062.60. Following the sale, the chief operating officer now directly owns 10,416 shares of the company's stock, valued at $2,376,931.20. This represents a 37.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.09% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Argus set a $260.00 target price on Republic Services in a research report on Tuesday, February 18th. Raymond James reissued an "outperform" rating on shares of Republic Services in a research report on Wednesday. Truist Financial reaffirmed a "buy" rating and issued a $250.00 price objective (up from $244.00) on shares of Republic Services in a report on Friday, February 14th. Stifel Nicolaus boosted their price target on Republic Services from $240.00 to $257.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. Finally, The Goldman Sachs Group raised their target price on Republic Services from $239.00 to $265.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. Five equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $239.13.

Republic Services Stock Performance

NYSE:RSG traded down $0.51 during trading hours on Friday, reaching $243.11. 837,780 shares of the stock were exchanged, compared to its average volume of 1,116,459. 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. The firm has a 50 day simple moving average of $235.09 and a 200-day simple moving average of $217.77. The stock has a market capitalization of $75.92 billion, a P/E ratio of 37.46, a P/E/G ratio of 3.64 and a beta of 0.62.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.37 by $0.21. The business had revenue of $4.05 billion during the quarter, compared to analyst estimates 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 prior year, the company posted $1.41 EPS. As a group, sell-side analysts forecast that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal 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 was Wednesday, April 2nd. This represents a $2.32 dividend on an annualized basis and a yield of 0.95%. Republic Services's dividend payout ratio (DPR) is currently 35.75%.

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.