Unigestion Holding SA Sells 41,064 Shares of Republic Services, Inc. (NYSE:RSG)

Unigestion Holding SA lowered its stake in Republic Services, Inc. (NYSE:RSG - Free Report) by 22.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 138,639 shares of the business services provider's stock after selling 41,064 shares during the period. Republic Services accounts for 1.6% of Unigestion Holding SA's portfolio, making the stock its 21st largest position. Unigestion Holding SA's holdings in Republic Services were worth $27,891,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Republic Services by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 18,590,728 shares of the business services provider's stock valued at $3,740,083,000 after acquiring an additional 144,719 shares during the period. Pictet Asset Management Holding SA lifted its position in Republic Services by 3.6% during the 4th quarter. Pictet Asset Management Holding SA now owns 6,262,325 shares of the business services provider's stock valued at $1,259,855,000 after purchasing an additional 218,729 shares during the period. Wellington Management Group LLP boosted its stake in Republic Services by 23.2% in the third quarter. Wellington Management Group LLP now owns 6,004,199 shares of the business services provider's stock valued at $1,205,883,000 after acquiring an additional 1,131,850 shares during the last quarter. Geode Capital Management LLC grew its holdings in Republic Services by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 4,565,137 shares of the business services provider's stock worth $918,045,000 after acquiring an additional 57,616 shares during the period. Finally, Nordea Investment Management AB lifted its stake in shares of Republic Services by 19.4% in the 4th quarter. Nordea Investment Management AB now owns 3,129,322 shares of the business services provider's stock valued at $626,553,000 after purchasing an additional 509,116 shares during the period. Institutional investors and hedge funds own 57.73% of the company's stock.

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Republic Services Stock Up 1.3 %

Shares of NYSE:RSG traded up $3.10 during midday trading on Friday, reaching $243.33. The company had a trading volume of 478,082 shares, compared to its average volume of 1,115,852. Republic Services, Inc. has a 1-year low of $180.92 and a 1-year high of $249.73. The stock has a market cap of $75.99 billion, a PE ratio of 37.45, a P/E/G ratio of 3.64 and a beta of 0.62. 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 business's 50 day moving average price is $232.75 and its 200 day moving average price is $216.39.

Republic Services (NYSE:RSG - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The business services provider reported $1.58 earnings per share (EPS) 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 for the quarter, compared to analysts' expectations of $4.08 billion. During the same quarter in the prior year, the business posted $1.41 EPS. Research analysts forecast that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.

Republic Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Wednesday, April 2nd will be paid 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 dividend payout ratio is presently 35.75%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on RSG. CIBC upgraded Republic Services from a "neutral" rating to a "sector outperform" rating and set a $264.00 price objective for the company in a report on Tuesday, March 4th. Stifel Nicolaus increased their target price on shares of Republic Services from $240.00 to $257.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. The Goldman Sachs Group boosted their price target on shares of Republic Services from $239.00 to $265.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. Royal Bank of Canada upgraded Republic Services from a "sector perform" rating to an "outperform" rating and lifted their target price for the stock from $219.00 to $237.00 in a report on Monday, January 6th. Finally, Truist Financial reiterated a "buy" rating and issued a $250.00 price objective (up from $244.00) on shares of Republic Services in a research report on Friday, February 14th. 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 company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $239.13.

Insider Activity

In other Republic Services news, COO Gregg Brummer sold 6,293 shares of the business's 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 transaction, the chief operating officer now owns 10,416 shares of the company's stock, valued at $2,376,931.20. The trade was a 37.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.09% of the stock is owned by insiders.

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.