FARMERS & MERCHANTS TRUST Co OF LONG BEACH Sells 550 Shares of Republic Services, Inc. (NYSE:RSG)

FARMERS & MERCHANTS TRUST Co OF LONG BEACH lowered its position in shares of Republic Services, Inc. (NYSE:RSG) by 5.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,067 shares of the business services provider’s stock after selling 550 shares during the period. FARMERS & MERCHANTS TRUST Co OF LONG BEACH’s holdings in Republic Services were worth $2,025,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in RSG. FSA Wealth Management LLC purchased a new stake in shares of Republic Services during the third quarter worth about $25,000. Wolff Wiese Magana LLC lifted 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 buying an additional 109 shares during the period. Webster Bank N. A. bought a new stake in shares of Republic Services in the 3rd quarter worth approximately $31,000. Truvestments Capital LLC purchased a new position in shares of Republic Services during the third quarter valued at approximately $34,000. Finally, Itau Unibanco Holding S.A. bought a new position in shares of Republic Services during the second quarter valued at approximately $36,000. Institutional investors own 57.73% of the company’s stock.

Republic Services Trading Up 0.9 %

NYSE:RSG opened at $213.85 on Friday. The stock has a market cap of $66.97 billion, a price-to-earnings ratio of 34.22, a PEG ratio of 2.98 and a beta of 0.73. 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 company’s 50 day moving average price is $209.23 and its 200-day moving average price is $204.29. Republic Services, Inc. has a 52 week low of $165.99 and a 52 week high of $220.58.

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

Republic Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd were paid a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 1.08%. The ex-dividend date of this dividend was Thursday, January 2nd. Republic Services’s dividend payout ratio is currently 37.12%.

Analyst Upgrades and Downgrades

RSG has been the topic of a number of research analyst reports. BMO Capital Markets raised shares of Republic Services from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $211.00 to $238.00 in a research report on Friday, December 6th. Scotiabank initiated coverage on shares of Republic Services in a report on Friday, October 4th. They issued a “sector perform” rating and a $224.00 price objective for the company. Deutsche Bank Aktiengesellschaft upgraded Republic Services from a “hold” rating to a “buy” rating and upped their target price for the stock from $219.00 to $237.00 in a report on Tuesday, December 10th. Morgan Stanley raised their target price on Republic Services from $217.00 to $220.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. Finally, Truist Financial increased their price objective on Republic Services from $220.00 to $244.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $221.12.

Insider Activity

In other news, CFO Brian M. Delghiaccio sold 5,071 shares of the firm’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $210.02, for a total value of $1,065,011.42. Following the transaction, the chief financial officer now directly owns 6,318 shares in the company, valued at $1,326,906.36. This trade represents a 44.53 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Katharine Weymouth sold 1,859 shares of the company’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $215.27, for a total value of $400,186.93. Following the sale, the director now owns 879 shares of the company’s stock, valued at approximately $189,222.33. This trade represents a 67.90 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.09% of the company’s stock.

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.