Republic Services, Inc. (NYSE:RSG) Shares Sold by Prosperity Consulting Group LLC

Prosperity Consulting Group LLC lessened its stake in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 5.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,392 shares of the business services provider's stock after selling 1,338 shares during the quarter. Prosperity Consulting Group LLC's holdings in Republic Services were worth $5,108,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Arcadia Investment Management Corp MI raised its position in 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 worth $27,000 after acquiring an additional 88 shares in the last quarter. R Squared Ltd purchased a new position in shares of Republic Services in the fourth quarter valued at $32,000. New Age Alpha Advisors LLC raised its stake in Republic Services by 70.2% in the 4th quarter. New Age Alpha Advisors LLC now owns 177 shares of the business services provider's stock valued at $36,000 after purchasing an additional 73 shares during the last quarter. Generali Asset Management SPA SGR acquired a new position in shares of Republic Services in the fourth quarter valued at approximately $45,000. Finally, Bank of Jackson Hole Trust acquired a new position in shares of Republic Services in the fourth quarter valued at approximately $48,000. Hedge funds and other institutional investors own 57.73% of the company's stock.

Republic Services Stock Up 1.1 %

NYSE RSG traded up $2.73 during trading hours on Monday, reaching $246.29. 1,480,305 shares of the company traded hands, compared to its average volume of 1,117,671. 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 capitalization of $76.96 billion, a PE ratio of 37.95, a PEG ratio of 3.64 and a beta of 0.62. The company has a 50 day moving average of $237.20 and a two-hundred day moving average of $219.97.

Republic Services (NYSE:RSG - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The business services provider reported $1.58 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.53 by $0.05. Republic Services had a net margin of 12.74% and a return on equity of 18.28%. The company had revenue of $4.01 billion for the quarter, compared to the consensus estimate of $4.08 billion. During the same period last year, the firm posted $1.45 EPS. The company's revenue for the quarter was up 3.8% on a year-over-year basis. As a group, equities analysts expect that Republic Services, Inc. will post 6.86 earnings per share for the current year.

Republic Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Wednesday, July 2nd will be given a $0.58 dividend. The ex-dividend date is Wednesday, July 2nd. This represents a $2.32 dividend on an annualized basis and a dividend yield of 0.94%. Republic Services's payout ratio is currently 34.99%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on RSG shares. Scotiabank boosted their price objective on shares of Republic Services from $233.00 to $250.00 and gave the company a "sector perform" rating in a research report on Tuesday, April 8th. Morgan Stanley boosted their price objective on shares of Republic Services from $230.00 to $245.00 and gave the company an "equal weight" rating in a research report on Friday. The Goldman Sachs Group upped their price target on shares of Republic Services from $239.00 to $265.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. Truist Financial upped their price target on shares of Republic Services from $250.00 to $270.00 and gave the stock a "buy" rating in a research report on Tuesday, April 22nd. Finally, Cibc World Mkts raised shares of Republic Services from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 4th. Five investment 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. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $245.38.

Insider Buying and Selling

In other Republic Services news, COO Gregg Brummer sold 6,293 shares of the firm's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $228.20, for a total value of $1,436,062.60. Following the sale, the chief operating officer now owns 10,416 shares in the company, valued at approximately $2,376,931.20. This trade represents a 37.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.11% of the company's stock.

About Republic Services

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.