Republic Services, Inc. (NYSE:RSG) Shares Sold by Farmers & Merchants Investments Inc.

Farmers & Merchants Investments Inc. decreased its stake in Republic Services, Inc. (NYSE:RSG) by 7.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 667 shares of the business services provider’s stock after selling 50 shares during the period. Farmers & Merchants Investments Inc.’s holdings in Republic Services were worth $134,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. CWM LLC lifted its stake in Republic Services by 19.3% in the 3rd quarter. CWM LLC now owns 10,894 shares of the business services provider’s stock valued at $2,188,000 after buying an additional 1,763 shares in the last quarter. Wedmont Private Capital raised its stake in Republic Services by 6.5% in the 3rd quarter. Wedmont Private Capital now owns 2,332 shares of the business services provider’s stock valued at $463,000 after purchasing an additional 143 shares during the last quarter. UMB Bank n.a. boosted its stake in shares of Republic Services by 9.8% during the 3rd quarter. UMB Bank n.a. now owns 1,646 shares of the business services provider’s stock worth $331,000 after purchasing an additional 147 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its position in shares of Republic Services by 399.0% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,001 shares of the business services provider’s stock valued at $402,000 after buying an additional 1,600 shares during the last quarter. Finally, FARMERS & MERCHANTS TRUST Co OF LONG BEACH lifted its stake in shares of Republic Services by 0.5% during the third quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 10,617 shares of the business services provider’s stock valued at $2,132,000 after buying an additional 57 shares during the period. 57.73% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

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

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. BMO Capital Markets upgraded Republic Services from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $211.00 to $238.00 in a report on Friday, December 6th. Truist Financial upped their price target on shares of Republic Services from $220.00 to $244.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft upgraded Republic Services from a “hold” rating to a “buy” rating and upped their price objective for the stock from $219.00 to $237.00 in a report on Tuesday, December 10th. Jefferies Financial Group upped their price target on Republic Services from $235.00 to $244.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. Finally, CIBC raised their price target on shares of Republic Services from $217.00 to $227.00 and gave the company a “neutral” rating in a report on Wednesday, December 4th. Six investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, Republic Services currently has an average rating of “Moderate Buy” and a consensus target price of $224.38.

Republic Services Stock Performance

Republic Services stock opened at $220.91 on Friday. The company has a market cap of $69.18 billion, a PE ratio of 35.35, a P/E/G ratio of 3.24 and a beta of 0.74. Republic Services, Inc. has a 12 month low of $171.06 and a 12 month high of $222.65. The company has a fifty day moving average price of $210.01 and a two-hundred day moving average price of $206.26. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.64 and a quick ratio of 0.64.

Republic Services Dividend Announcement

The business 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. The ex-dividend date is Wednesday, April 2nd. This represents a $2.32 dividend on an annualized basis and a yield of 1.05%. Republic Services’s payout ratio is currently 37.12%.

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.