Republic Services, Inc. (NYSE:RSG) Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. boosted its holdings in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 0.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,590,728 shares of the business services provider's stock after buying an additional 144,719 shares during the quarter. Vanguard Group Inc. owned 5.94% of Republic Services worth $3,740,083,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. FSA Wealth Management LLC acquired a new stake in shares of Republic Services in the third quarter valued at $25,000. Arcadia Investment Management Corp MI raised its position in Republic Services by 200.0% in 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 purchased a new position in shares of Republic Services in the 4th quarter valued at about $32,000. Truvestments Capital LLC purchased a new stake in shares of Republic Services during the third quarter worth approximately $34,000. Finally, Generali Asset Management SPA SGR acquired a new stake in Republic Services in the fourth quarter valued at approximately $45,000. Hedge funds and other institutional investors own 57.73% of the company's stock.

Analyst Ratings Changes

A number of brokerages have commented on RSG. Morgan Stanley increased their price objective 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. Truist Financial restated a "buy" rating and issued a $250.00 price target (up from $244.00) on shares of Republic Services in a research note on Friday, February 14th. Deutsche Bank Aktiengesellschaft raised Republic Services from a "hold" rating to a "buy" rating and upped their price objective for the stock from $219.00 to $237.00 in a research report on Tuesday, December 10th. William Blair reissued an "outperform" rating on shares of Republic Services in a research report on Friday, February 14th. Finally, Jefferies Financial Group upped their price target on Republic Services from $235.00 to $244.00 and gave the company a "buy" rating in a report on Thursday, January 23rd. 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 stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $236.88.

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Republic Services Stock Performance

Shares of RSG traded down $1.40 during mid-day trading on Friday, hitting $238.37. 1,043,995 shares of the company's stock were exchanged, compared to its average volume of 1,082,056. 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, Inc. has a fifty-two week low of $180.92 and a fifty-two week high of $241.09. The business's 50 day moving average is $227.72 and its two-hundred day moving average is $213.75. The firm has a market capitalization of $74.44 billion, a P/E ratio of 36.73, a P/E/G ratio of 3.64 and a beta of 0.73.

Republic Services (NYSE:RSG - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The business services provider reported $1.58 earnings per share for the quarter, topping 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 during the quarter, compared to analysts' expectations of $4.08 billion. During the same period last year, the firm earned $1.41 EPS. On average, equities analysts expect that Republic Services, Inc. will post 6.86 earnings per share for the current year.

Republic Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Wednesday, April 2nd will be given a dividend of $0.58 per share. The ex-dividend date is Wednesday, April 2nd. This represents a $2.32 dividend on an annualized basis and a yield of 0.97%. Republic Services's payout ratio is currently 35.75%.

Insider Transactions at Republic Services

In other news, COO Gregg Brummer sold 6,293 shares of the stock in a transaction that occurred 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 transaction, the chief operating officer now directly owns 10,416 shares of the company's stock, valued at approximately $2,376,931.20. This represents a 37.66 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.09% of the company's stock.

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.