Guyasuta Investment Advisors Inc. Decreases Position in Republic Services, Inc. (NYSE:RSG)

Guyasuta Investment Advisors Inc. lowered its position in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 0.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 341,417 shares of the business services provider's stock after selling 2,306 shares during the period. Republic Services comprises about 4.3% of Guyasuta Investment Advisors Inc.'s investment portfolio, making the stock its 4th biggest holding. Guyasuta Investment Advisors Inc. owned approximately 0.11% of Republic Services worth $68,686,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Republic Services by 37.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,682 shares of the business services provider's stock worth $3,586,000 after purchasing an additional 4,827 shares during the last quarter. TCW Group Inc. increased its stake in shares of Republic Services by 13.0% during the third quarter. TCW Group Inc. now owns 114,582 shares of the business services provider's stock valued at $23,013,000 after buying an additional 13,138 shares during the period. Avanza Fonder AB bought a new position in shares of Republic Services during the fourth quarter valued at approximately $4,430,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Republic Services in the third quarter valued at $6,102,000. Finally, Lifeworks Advisors LLC increased its position in Republic Services by 1,112.3% during the 3rd quarter. Lifeworks Advisors LLC now owns 21,469 shares of the business services provider's stock valued at $4,312,000 after purchasing an additional 19,698 shares during the period. Hedge funds and other institutional investors own 57.73% of the company's stock.

Republic Services Stock Up 0.5 %

Shares of RSG stock traded up $1.04 during mid-day trading on Wednesday, hitting $229.59. The company's stock had a trading volume of 1,133,366 shares, compared to its average volume of 1,003,249. The stock has a market cap of $71.90 billion, a price-to-earnings ratio of 35.38, a PEG 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 52-week low of $179.62 and a 52-week high of $232.52. The business has a 50-day moving average price of $212.03 and a 200 day moving average price of $208.11.

Republic Services (NYSE:RSG - Get Free Report) last posted its earnings results on Thursday, February 13th. The business services provider reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.21. Republic Services had a net margin of 12.74% and a return on equity of 18.28%. The business had revenue of $4.05 billion for the quarter, compared to analysts' expectations of $4.08 billion. During the same quarter in the prior year, the business earned $1.41 EPS. Research analysts predict that Republic Services, Inc. will post 6.89 EPS for the current fiscal year.

Republic Services Announces Dividend

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 issued a dividend of $0.58 per share. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $2.32 annualized dividend and a dividend yield of 1.01%. Republic Services's payout ratio is 35.75%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on RSG. Deutsche Bank Aktiengesellschaft raised shares of Republic Services from a "hold" rating to a "buy" rating and lifted their target price for the company from $219.00 to $237.00 in a research note on Tuesday, December 10th. Royal Bank of Canada raised Republic Services from a "sector perform" rating to an "outperform" rating and lifted their price objective for the company from $219.00 to $237.00 in a research report on Monday, January 6th. Truist Financial restated 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. Oppenheimer upped their price target on Republic Services from $219.00 to $220.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 30th. Finally, 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 report on Tuesday. Six research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $231.75.

Insider Transactions at Republic Services

In related news, Director Katharine Weymouth sold 1,859 shares of the firm's stock in a transaction that occurred on Thursday, December 5th. The shares were 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.09% of the company's stock.

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.