Autumn Glory Partners LLC Sells 1,655 Shares of Republic Services, Inc. (NYSE:RSG)

Autumn Glory Partners LLC lessened its position in Republic Services, Inc. (NYSE:RSG - Free Report) by 50.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,655 shares of the business services provider's stock after selling 1,655 shares during the period. Autumn Glory Partners LLC's holdings in Republic Services were worth $333,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Stifel Financial Corp grew its stake in shares of Republic Services by 437.9% in the third quarter. Stifel Financial Corp now owns 1,814,613 shares of the business services provider's stock worth $364,449,000 after purchasing an additional 1,477,255 shares in the last quarter. Wellington Management Group LLP grew its position in Republic Services by 23.2% in the 3rd quarter. Wellington Management Group LLP now owns 6,004,199 shares of the business services provider's stock valued at $1,205,883,000 after buying an additional 1,131,850 shares in the last quarter. International Assets Investment Management LLC increased its stake in Republic Services by 83,671.9% during the 3rd quarter. International Assets Investment Management LLC now owns 538,653 shares of the business services provider's stock valued at $108,183,000 after buying an additional 538,010 shares during the period. Nordea Investment Management AB raised its position in shares of Republic Services by 19.4% during the 4th quarter. Nordea Investment Management AB now owns 3,129,322 shares of the business services provider's stock worth $626,553,000 after buying an additional 509,116 shares in the last quarter. Finally, National Bank of Canada FI lifted its stake in shares of Republic Services by 544.7% in the 3rd quarter. National Bank of Canada FI now owns 545,613 shares of the business services provider's stock worth $109,580,000 after acquiring an additional 460,989 shares during the period. 57.73% of the stock is currently owned by institutional investors.

Republic Services Stock Up 0.5 %

NYSE:RSG traded up $1.04 during trading hours on Wednesday, hitting $229.59. 1,133,366 shares of the company's stock traded hands, compared to its average volume of 1,003,249. The stock's fifty day moving average price is $211.64 and its two-hundred day moving average price is $207.96. The firm has a market cap of $71.90 billion, a P/E ratio of 35.38, a P/E/G ratio of 3.33 and a beta of 0.74. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.64 and a current ratio of 0.58. Republic Services, Inc. has a twelve month low of $179.62 and a twelve month high of $232.52.

Republic Services (NYSE:RSG - Get Free Report) last posted its earnings results on Thursday, February 13th. The business services provider reported $1.58 EPS for the quarter, topping the consensus estimate 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 in the previous year, the firm posted $1.41 earnings per share. On average, research analysts expect that Republic Services, Inc. will post 6.89 earnings per share for the current fiscal year.

Republic Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Wednesday, April 2nd will be issued a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend is Wednesday, April 2nd. Republic Services's dividend payout ratio (DPR) is presently 35.75%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on RSG. BMO Capital Markets raised Republic Services from a "market perform" rating to an "outperform" rating and boosted their target price for the stock from $211.00 to $238.00 in a report on Friday, December 6th. Deutsche Bank Aktiengesellschaft upgraded Republic Services from a "hold" rating to a "buy" rating and upped their price objective for the company from $219.00 to $237.00 in a report on Tuesday, December 10th. CIBC lifted their target price on Republic Services from $217.00 to $227.00 and gave the stock a "neutral" rating in a report on Wednesday, December 4th. Royal Bank of Canada raised shares of Republic Services from a "sector perform" rating to an "outperform" rating and upped their price target for the company from $219.00 to $237.00 in a report on Monday, January 6th. Finally, Truist Financial reaffirmed a "buy" rating and issued a $250.00 price objective (up previously from $244.00) on shares of Republic Services in a research note on Friday, February 14th. Six research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, Republic Services presently has an average rating of "Moderate Buy" and an average price target of $231.75.

Insider Buying and Selling at Republic Services

In other Republic Services news, Director Katharine Weymouth sold 1,859 shares of the business's stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $215.27, for a total value of $400,186.93. Following the transaction, the director now owns 879 shares of the company's stock, valued at approximately $189,222.33. The trade was a 67.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.09% of the company's stock.

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.