Atria Wealth Solutions Inc. Buys 3,501 Shares of Republic Services, Inc. (NYSE:RSG)

Atria Wealth Solutions Inc. increased its stake in shares of Republic Services, Inc. (NYSE:RSG) by 16.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,458 shares of the business services provider’s stock after buying an additional 3,501 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Republic Services were worth $4,920,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. FSA Wealth Management LLC bought a new position in shares of Republic Services during the 3rd quarter worth approximately $25,000. R Squared Ltd bought a new position in shares of Republic Services during the 4th quarter worth approximately $32,000. Truvestments Capital LLC bought a new position in shares of Republic Services during the 3rd quarter worth approximately $34,000. Ashton Thomas Securities LLC bought a new position in shares of Republic Services during the 3rd quarter worth approximately $39,000. Finally, Kieckhefer Group LLC acquired a new stake in Republic Services during the 4th quarter valued at $50,000. Institutional investors own 57.73% of the company’s stock.

Republic Services Stock Up 0.5 %

Shares of Republic Services stock opened at $229.59 on Thursday. 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 12 month low of $179.62 and a 12 month high of $232.52. The business has a fifty day simple moving average of $212.03 and a 200 day simple moving average of $208.11. The stock has a market cap of $71.90 billion, a PE ratio of 35.38, a price-to-earnings-growth ratio of 3.33 and a beta of 0.74.

Republic Services (NYSE:RSG) last announced its quarterly earnings data on Thursday, February 13th. The business services provider reported $1.58 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 business had revenue of $4.05 billion during the quarter, compared to analysts’ expectations of $4.08 billion. During the same period in the previous year, the firm earned $1.41 earnings per share. Research analysts predict that Republic Services, Inc. will post 6.89 EPS for the current year.

Republic Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Wednesday, April 2nd will be issued a dividend of $0.58 per share. The ex-dividend date is Wednesday, April 2nd. This represents a $2.32 annualized dividend and a yield of 1.01%. Republic Services’s dividend payout ratio is presently 35.75%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on RSG. Truist Financial reaffirmed a “buy” rating and set a $250.00 price target (up from $244.00) on shares of Republic Services in a report on Friday, February 14th. William Blair reaffirmed an “outperform” rating on shares of Republic Services in a report on Friday, February 14th. Deutsche Bank Aktiengesellschaft raised Republic Services from a “hold” rating to a “buy” rating and raised their price target for the company from $219.00 to $237.00 in a report on Tuesday, December 10th. Royal Bank of Canada raised Republic Services from a “sector perform” rating to an “outperform” rating and raised their price target for the company from $219.00 to $237.00 in a report on Monday, January 6th. Finally, Jefferies Financial Group raised their price target on Republic Services from $235.00 to $244.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Six analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $231.75.

Insiders Place Their Bets

In other Republic Services news, Director Katharine Weymouth sold 1,859 shares of Republic Services stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $215.27, for a total transaction of $400,186.93. Following the transaction, the director now directly owns 879 shares in the company, valued at approximately $189,222.33. The trade was a 67.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.09% of the company’s stock.

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.