Robeco Institutional Asset Management B.V. Trims Holdings in Republic Services, Inc. (NYSE:RSG)

Robeco Institutional Asset Management B.V. decreased its holdings in Republic Services, Inc. (NYSE:RSG - Free Report) by 3.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 402,319 shares of the business services provider's stock after selling 15,437 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.13% of Republic Services worth $80,939,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. FSA Wealth Management LLC acquired a new position in Republic Services in the 3rd quarter worth about $25,000. Wolff Wiese Magana LLC increased its holdings in Republic Services by 351.6% in the 3rd quarter. Wolff Wiese Magana LLC now owns 140 shares of the business services provider's stock worth $28,000 after purchasing an additional 109 shares in the last quarter. Webster Bank N. A. acquired a new position in Republic Services in the 3rd quarter worth about $31,000. R Squared Ltd acquired a new position in Republic Services in the 4th quarter worth about $32,000. Finally, Truvestments Capital LLC acquired a new position in Republic Services in the 3rd quarter worth about $34,000. Institutional investors own 57.73% of the company's stock.

Republic Services Stock Up 2.9 %

NYSE:RSG traded up $6.24 on Thursday, hitting $218.55. The stock had a trading volume of 863,193 shares, compared to its average volume of 1,013,736. Republic Services, Inc. has a 52 week low of $169.83 and a 52 week high of $220.58. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.07. The business's fifty day moving average is $209.68 and its 200 day moving average is $205.50. The company has a market cap of $68.44 billion, a PE ratio of 34.97, a P/E/G ratio of 3.07 and a beta of 0.73.

Republic Services (NYSE:RSG - Get Free Report) last posted its earnings results on Tuesday, October 29th. The business services provider reported $1.81 earnings per share for the quarter, beating analysts' consensus estimates of $1.61 by $0.20. Republic Services had a return on equity of 18.18% and a net margin of 12.46%. The company had revenue of $4.08 billion for the quarter, compared to analyst estimates of $4.12 billion. During the same quarter last year, the company earned $1.54 earnings per share. The company's revenue for the quarter was up 6.5% on a year-over-year basis. On average, equities research analysts expect that Republic Services, Inc. will post 6.25 EPS for the current fiscal year.

Insider Activity

In related news, Director Katharine Weymouth sold 1,859 shares of the stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $215.27, for a total transaction of $400,186.93. Following the completion of the sale, the director now directly 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Brian M. Delghiaccio sold 5,071 shares of the stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $210.02, for a total value of $1,065,011.42. Following the sale, the chief financial officer now directly owns 6,318 shares of the company's stock, valued at $1,326,906.36. The trade was a 44.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.09% of the company's stock.

Analysts Set New Price Targets

RSG has been the subject of a number of recent research reports. Royal Bank of Canada raised Republic Services from a "sector perform" rating to an "outperform" rating and upped their target price for the stock from $219.00 to $237.00 in a report on Monday, January 6th. Deutsche Bank Aktiengesellschaft raised Republic Services from a "hold" rating to a "buy" rating and increased their price target for the company from $219.00 to $237.00 in a research note on Tuesday, December 10th. CIBC increased their price target on Republic Services from $217.00 to $227.00 and gave the company a "neutral" rating in a research note on Wednesday, December 4th. Morgan Stanley upped their target price on Republic Services from $217.00 to $220.00 and gave the company an "equal weight" rating in a research report on Thursday, December 12th. Finally, Truist Financial upped their target price on Republic Services from $220.00 to $244.00 and gave the company a "buy" rating in a research report on Wednesday, October 30th. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $222.24.

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.