Xponance Inc. Grows Stock Holdings in Republic Services, Inc. (NYSE:RSG)

Xponance Inc. increased its position in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 8.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,504 shares of the business services provider's stock after acquiring an additional 2,360 shares during the quarter. Xponance Inc.'s holdings in Republic Services were worth $6,338,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. McGlone Suttner Wealth Management Inc. lifted its stake in shares of Republic Services by 2.2% in the 4th quarter. McGlone Suttner Wealth Management Inc. now owns 2,213 shares of the business services provider's stock valued at $445,000 after purchasing an additional 48 shares during the last quarter. Access Financial Services Inc. boosted its stake in Republic Services by 0.8% during the fourth quarter. Access Financial Services Inc. now owns 6,178 shares of the business services provider's stock worth $1,243,000 after buying an additional 51 shares during the period. Hantz Financial Services Inc. raised its stake in shares of Republic Services by 1.0% in the 3rd quarter. Hantz Financial Services Inc. now owns 5,099 shares of the business services provider's stock valued at $1,024,000 after acquiring an additional 52 shares during the period. Tower Wealth Partners Inc. lifted its holdings in shares of Republic Services by 3.3% in the 4th quarter. Tower Wealth Partners Inc. now owns 1,697 shares of the business services provider's stock worth $341,000 after acquiring an additional 54 shares during the last quarter. Finally, First Horizon Advisors Inc. increased its holdings in Republic Services by 11.6% in the 3rd quarter. First Horizon Advisors Inc. now owns 529 shares of the business services provider's stock valued at $106,000 after purchasing an additional 55 shares during the last quarter. Hedge funds and other institutional investors own 57.73% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of research firms have commented on RSG. Truist Financial restated a "buy" rating and set a $250.00 price target (up from $244.00) on shares of Republic Services in a research note on Friday, February 14th. Royal Bank of Canada raised Republic Services from a "sector perform" rating to an "outperform" rating and lifted their target price for the company from $219.00 to $237.00 in a research report on Monday, January 6th. Jefferies Financial Group boosted their price target on shares of Republic Services from $235.00 to $244.00 and gave the stock a "buy" rating in a research note on Thursday, January 23rd. Morgan Stanley raised 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 note on Friday, February 14th. Finally, The Goldman Sachs Group increased their target price on shares of Republic Services from $239.00 to $265.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. Five investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $236.88.

Republic Services Stock Up 1.2 %

Shares of NYSE RSG traded up $2.82 during midday trading on Monday, hitting $236.16. 2,079,302 shares of the company's stock were exchanged, compared to its average volume of 1,015,201. The firm's fifty day simple moving average is $224.90 and its 200-day simple moving average is $212.70. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.58 and a quick ratio of 0.64. The company has a market cap of $73.75 billion, a PE ratio of 36.39, a P/E/G ratio of 3.64 and a beta of 0.73. Republic Services, Inc. has a twelve month low of $180.92 and a twelve month high of $240.95.

Republic Services (NYSE:RSG - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The business services provider reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.21. Republic Services had a net margin of 12.74% and a return on equity of 18.28%. The business had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $4.08 billion. During the same quarter in the previous year, the firm earned $1.41 EPS. Research analysts predict that Republic Services, Inc. will post 6.86 EPS 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. Stockholders of record on Wednesday, April 2nd will be issued a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 0.98%. The ex-dividend date of this dividend is Wednesday, April 2nd. Republic Services's payout ratio is currently 35.75%.

Insider Buying and Selling

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 value of $1,436,062.60. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.09% of the stock is currently owned by company insiders.

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.