Prudential PLC Sells 12,128 Shares of Republic Services, Inc. (NYSE:RSG)

Prudential PLC trimmed its stake in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 26.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 34,401 shares of the business services provider's stock after selling 12,128 shares during the period. Prudential PLC's holdings in Republic Services were worth $6,921,000 at the end of the most recent quarter.

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

Insider Activity

In other Republic Services news, COO Gregg Brummer sold 6,293 shares of the company's stock in a transaction 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 completion of the sale, the chief operating officer now owns 10,416 shares in the company, valued at $2,376,931.20. This represents a 37.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.09% of the company's stock.

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Analysts Set New Price Targets

RSG has been the topic of a number of research reports. Argus set a $260.00 target price on shares of Republic Services in a report on Tuesday, February 18th. Stifel Nicolaus raised their price objective on Republic Services from $240.00 to $257.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. Jefferies Financial Group boosted their target price on Republic Services from $235.00 to $244.00 and gave the company a "buy" rating in a research report on Thursday, January 23rd. The Goldman Sachs Group raised their price target on Republic Services from $239.00 to $265.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. Finally, Truist Financial reissued a "buy" rating and issued a $250.00 target price (up previously from $244.00) on shares of Republic Services in a research note on Friday, February 14th. Five research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $238.50.

Republic Services Trading Down 0.7 %

Shares of Republic Services stock traded down $1.71 on Thursday, hitting $237.56. 574,744 shares of the company traded hands, compared to its average volume of 1,115,241. Republic Services, Inc. has a 52 week low of $180.92 and a 52 week high of $249.73. The company has a market cap of $74.18 billion, a PE ratio of 36.71, a PEG ratio of 3.64 and a beta of 0.62. The stock's 50 day moving average price is $232.38 and its 200-day moving average price is $216.14. The company has a current ratio of 0.58, a quick ratio of 0.64 and a debt-to-equity ratio of 1.04.

Republic Services (NYSE:RSG - Get Free Report) last issued its earnings results on Thursday, February 13th. The business services provider reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.21. The business had revenue of $4.05 billion during the quarter, compared to analysts' expectations 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 business earned $1.41 EPS. Equities research analysts predict that Republic Services, Inc. will post 6.86 EPS for the current year.

Republic Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Wednesday, April 2nd will be issued a $0.58 dividend. The ex-dividend date is Wednesday, April 2nd. This represents a $2.32 annualized dividend and a dividend yield of 0.98%. Republic Services's dividend payout ratio is currently 35.75%.

Republic Services 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.