Swiss National Bank Sells 33,200 Shares of Republic Services, Inc. (NYSE:RSG)

Swiss National Bank decreased its position in Republic Services, Inc. (NYSE:RSG - Free Report) by 5.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 621,130 shares of the business services provider's stock after selling 33,200 shares during the quarter. Swiss National Bank owned about 0.20% of Republic Services worth $124,959,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. FSA Wealth Management LLC bought a new stake in shares of Republic Services during the 3rd quarter worth about $25,000. Arcadia Investment Management Corp MI boosted its position 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 acquired a new position in Republic Services during the fourth quarter valued at approximately $32,000. Truvestments Capital LLC bought a new position in shares of Republic Services in the third quarter valued at approximately $34,000. Finally, Ashton Thomas Securities LLC bought a new stake in shares of Republic Services during the 3rd quarter worth $39,000. Institutional investors and hedge funds own 57.73% of the company's stock.

Insiders Place Their Bets

In related news, COO Gregg Brummer sold 6,293 shares of the firm's stock in a transaction 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 sale, the chief operating officer now owns 10,416 shares of the company's stock, valued at approximately $2,376,931.20. This trade represents a 37.66 % decrease in their position. The sale 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.

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Republic Services Trading Down 0.8 %

NYSE RSG traded down $1.90 during trading hours on Tuesday, hitting $233.86. The company's stock had a trading volume of 946,122 shares, compared to its average volume of 1,015,508. The stock has a fifty day moving average of $222.65 and a 200 day moving average of $211.95. The company has a quick ratio of 0.64, a current ratio of 0.58 and a debt-to-equity ratio of 1.04. Republic Services, Inc. has a twelve month low of $180.92 and a twelve month high of $240.95. The firm has a market capitalization of $73.03 billion, a P/E ratio of 36.03, a PEG ratio of 3.64 and a beta of 0.73.

Republic Services (NYSE:RSG - Get Free Report) last released its quarterly earnings data 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. The business had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $4.08 billion. Republic Services had a return on equity of 18.28% and a net margin of 12.74%. During the same quarter in the prior year, the company posted $1.41 earnings per share. Equities research analysts forecast that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.

Republic Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Wednesday, April 2nd will be paid a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 0.99%. The ex-dividend date of this dividend is Wednesday, April 2nd. Republic Services's payout ratio is presently 35.75%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on RSG shares. Truist Financial reiterated a "buy" rating and set a $250.00 target price (up from $244.00) on shares of Republic Services in a research note on Friday, February 14th. UBS Group lifted their price target on shares of Republic Services from $212.00 to $240.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 19th. Stifel Nicolaus increased 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. Jefferies Financial Group upped their target price on shares of Republic Services from $235.00 to $244.00 and gave the company a "buy" rating in a research note on Thursday, January 23rd. Finally, CIBC upgraded Republic Services from a "neutral" rating to a "sector outperform" rating and set a $264.00 price objective on the stock in a research note on Tuesday, March 4th. Five research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $236.88.

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.