Russell Investments Group Ltd. Boosts Stock Position in Republic Services, Inc. (NYSE:RSG)

Russell Investments Group Ltd. raised its stake in Republic Services, Inc. (NYSE:RSG - Free Report) by 32.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 213,738 shares of the business services provider's stock after buying an additional 52,404 shares during the period. Russell Investments Group Ltd. owned about 0.07% of Republic Services worth $43,000,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Arcadia Investment Management Corp MI grew its stake in Republic Services by 200.0% during 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 period. R Squared Ltd bought a new stake in Republic Services during the fourth quarter worth $32,000. New Age Alpha Advisors LLC raised its holdings in shares of Republic Services by 70.2% in the fourth quarter. New Age Alpha Advisors LLC now owns 177 shares of the business services provider's stock valued at $36,000 after purchasing an additional 73 shares during the last quarter. Generali Asset Management SPA SGR purchased a new stake in Republic Services in the 4th quarter valued at about $45,000. Finally, Bank of Jackson Hole Trust bought a new stake in Republic Services during the fourth quarter worth $48,000. 57.73% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Republic Services

In other Republic Services news, COO Gregg Brummer sold 6,293 shares of the business's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $228.20, for a total value of $1,436,062.60. Following the completion of the transaction, the chief operating officer now 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.09% of the stock is owned by company insiders.

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Republic Services Trading Up 1.6 %

Shares of NYSE:RSG traded up $3.86 on Friday, hitting $244.09. The company had a trading volume of 1,569,337 shares, compared to its average volume of 1,119,960. The firm's 50-day simple moving average is $233.24 and its two-hundred day simple moving average is $216.78. The company has a quick ratio of 0.64, a current ratio of 0.58 and a debt-to-equity ratio of 1.04. The firm has a market capitalization of $76.22 billion, a price-to-earnings ratio of 37.61, a P/E/G ratio of 3.64 and a beta of 0.62. Republic Services, Inc. has a 1 year low of $180.92 and a 1 year high of $249.73.

Republic Services (NYSE:RSG - Get Free Report) last announced its earnings results on Thursday, February 13th. The business services provider reported $1.58 EPS for the quarter, beating analysts' consensus estimates of $1.37 by $0.21. Republic Services had a net margin of 12.74% and a return on equity of 18.28%. The firm had revenue of $4.05 billion for the quarter, compared to analysts' expectations of $4.08 billion. During the same quarter in the previous year, the business posted $1.41 EPS. Equities analysts anticipate that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.

Republic Services Dividend Announcement

The business 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 0.95%. Republic Services's payout ratio is presently 35.75%.

Wall Street Analyst Weigh In

RSG has been the topic of several research reports. Argus set a $260.00 price objective on shares of Republic Services in a research report on Tuesday, February 18th. Truist Financial reissued a "buy" rating and issued a $250.00 price target (up from $244.00) on shares of Republic Services in a report on Friday, February 14th. William Blair reissued an "outperform" rating on shares of Republic Services in a report on Friday, February 14th. Cibc World Mkts raised Republic Services from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 4th. Finally, UBS Group lifted their price target on shares of Republic Services from $240.00 to $250.00 and gave the stock a "neutral" rating in a research note on Friday. Five analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $239.13.

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.