Republic Services, Inc. (NYSE:RSG) Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB cut its position in Republic Services, Inc. (NYSE:RSG - Free Report) by 4.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 129,069 shares of the business services provider's stock after selling 5,620 shares during the period. Handelsbanken Fonder AB's holdings in Republic Services were worth $25,966,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. FSA Wealth Management LLC acquired a new stake in Republic Services during the 3rd quarter valued at approximately $25,000. R Squared Ltd acquired a new position in Republic Services during the fourth quarter valued at $32,000. Truvestments Capital LLC purchased a new stake in Republic Services in the third quarter valued at $34,000. Ashton Thomas Securities LLC acquired a new stake in Republic Services during the 3rd quarter worth about $39,000. Finally, Bank of Jackson Hole Trust purchased a new position in shares of Republic Services during the 4th quarter valued at about $48,000. Institutional investors and hedge funds own 57.73% of the company's stock.

Insiders Place Their Bets

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 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 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 through this hyperlink. Also, Director Katharine Weymouth sold 1,859 shares of Republic Services 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 in the company, valued at approximately $189,222.33. This represents a 67.90 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.09% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. UBS Group raised their target price on Republic Services from $212.00 to $240.00 and gave the stock a "neutral" rating in a report on Wednesday. Royal Bank of Canada raised shares of Republic Services from a "sector perform" rating to an "outperform" rating and raised their price objective for the stock from $219.00 to $237.00 in a research note on Monday, January 6th. Truist Financial reaffirmed a "buy" rating and set a $250.00 target price (up from $244.00) on shares of Republic Services in a report on Friday, February 14th. Morgan Stanley raised their price target on shares of Republic Services from $220.00 to $230.00 and gave the company an "equal weight" rating in a research report on Friday, February 14th. Finally, Stifel Nicolaus upped their price objective on shares of Republic Services from $240.00 to $257.00 and gave the stock a "buy" rating in a research report on Tuesday. Six analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, Republic Services has a consensus rating of "Moderate Buy" and an average target price of $231.75.

Republic Services Price Performance

Shares of Republic Services stock traded down $0.13 during mid-day trading on Friday, reaching $230.73. 1,231,741 shares of the stock traded hands, compared to its average volume of 1,014,084. The company has a quick ratio of 0.64, a current ratio of 0.58 and a debt-to-equity ratio of 1.04. The business has a 50-day moving average of $212.44 and a 200 day moving average of $208.27. The stock has a market capitalization of $72.05 billion, a PE ratio of 35.55, a PEG ratio of 3.62 and a beta of 0.74. Republic Services, Inc. has a fifty-two week low of $180.91 and a fifty-two week high of $232.52.

Republic Services (NYSE:RSG - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The business services provider reported $1.58 earnings per share for the quarter, beating analysts' consensus estimates of $1.37 by $0.21. Republic Services had a return on equity of 18.28% and a net margin of 12.74%. The company had revenue of $4.05 billion for the quarter, compared to analyst estimates of $4.08 billion. During the same quarter last year, the firm posted $1.41 EPS. On average, analysts predict that Republic Services, Inc. will post 6.86 EPS for the current year.

Republic Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Wednesday, April 2nd will be paid a dividend of $0.58 per share. The ex-dividend date is Wednesday, April 2nd. This represents a $2.32 annualized dividend and a yield of 1.01%. Republic Services's dividend payout ratio is presently 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.