Cobblestone Capital Advisors LLC NY Has $16 Million Stock Holdings in Republic Services, Inc. (NYSE:RSG)

Cobblestone Capital Advisors LLC NY lifted its holdings in Republic Services, Inc. (NYSE:RSG - Free Report) by 91.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 79,515 shares of the business services provider's stock after purchasing an additional 37,903 shares during the quarter. Cobblestone Capital Advisors LLC NY's holdings in Republic Services were worth $15,997,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of RSG. FSA Wealth Management LLC bought a new position in Republic Services during the third quarter valued at about $25,000. Arcadia Investment Management Corp MI boosted its position in shares of Republic Services by 200.0% during the 4th quarter. Arcadia Investment Management Corp MI now owns 132 shares of the business services provider's stock valued at $27,000 after purchasing an additional 88 shares in the last quarter. R Squared Ltd acquired a new position in shares of Republic Services in the 4th quarter worth approximately $32,000. Truvestments Capital LLC bought a new stake in shares of Republic Services in the 3rd quarter worth approximately $34,000. Finally, Ashton Thomas Securities LLC acquired a new stake in Republic Services during the third quarter valued at approximately $39,000. 57.73% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on RSG shares. Truist Financial reaffirmed a "buy" rating and issued a $250.00 price target (up previously from $244.00) on shares of Republic Services in a report on Friday, February 14th. BMO Capital Markets raised Republic Services from a "market perform" rating to an "outperform" rating and upped their target price for the company from $211.00 to $238.00 in a report on Friday, December 6th. Morgan Stanley lifted their price target on Republic Services from $220.00 to $230.00 and gave the stock an "equal weight" rating in a research note on Friday, February 14th. Stifel Nicolaus upped their price objective on shares of Republic Services from $240.00 to $257.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. Finally, CIBC raised shares of Republic Services from a "neutral" rating to a "sector outperform" rating and set a $264.00 target price on the stock in a research report on Tuesday. Five analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, Republic Services has an average rating of "Moderate Buy" and a consensus price target of $236.88.

Insider Activity at Republic Services

In related news, COO Gregg Brummer sold 6,293 shares of the business's stock in a transaction 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 directly owns 10,416 shares of the company's stock, valued at approximately $2,376,931.20. The trade was a 37.66 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Katharine Weymouth sold 1,859 shares of the stock in a transaction dated 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. This trade represents a 67.90 % decrease in their position. The disclosure for this sale can be found here. 0.09% of the stock is owned by corporate insiders.

Republic Services Price Performance

Shares of Republic Services stock traded down $0.29 during midday trading on Wednesday, hitting $235.66. 1,322,991 shares of the company were exchanged, compared to its average volume of 1,051,701. The firm has a 50 day simple moving average of $217.11 and a 200-day simple moving average of $210.28. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.58 and a quick ratio of 0.64. Republic Services, Inc. has a 52 week low of $180.91 and a 52 week high of $240.95. The firm has a market cap of $73.59 billion, a P/E ratio of 36.31, a PEG ratio of 3.64 and a beta of 0.74.

Republic Services (NYSE:RSG - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The business services provider reported $1.58 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 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 previous year, the firm earned $1.41 earnings per share. Research analysts forecast that Republic Services, Inc. will post 6.86 earnings per share for the current year.

Republic Services Dividend Announcement

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