Republic Services, Inc. (NYSE:RSG) Shares Acquired by Financial Perspectives Inc

Financial Perspectives Inc boosted its holdings in Republic Services, Inc. (NYSE:RSG) by 2,029.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 362 shares of the business services provider’s stock after purchasing an additional 345 shares during the quarter. Financial Perspectives Inc’s holdings in Republic Services were worth $73,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Republic Services by 37.5% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,682 shares of the business services provider’s stock valued at $3,586,000 after buying an additional 4,827 shares during the last quarter. TCW Group Inc. grew its holdings in shares of Republic Services by 13.0% during the third quarter. TCW Group Inc. now owns 114,582 shares of the business services provider’s stock valued at $23,013,000 after purchasing an additional 13,138 shares during the last quarter. Avanza Fonder AB acquired a new stake in shares of Republic Services during the 4th quarter worth approximately $4,430,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Republic Services during the 3rd quarter valued at approximately $6,102,000. Finally, Lifeworks Advisors LLC grew its stake in Republic Services by 1,112.3% during the 3rd quarter. Lifeworks Advisors LLC now owns 21,469 shares of the business services provider’s stock worth $4,312,000 after buying an additional 19,698 shares during the last quarter. Institutional investors own 57.73% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Truist Financial reissued a “buy” rating and set a $250.00 price target (up previously from $244.00) on shares of Republic Services in a report on Friday, February 14th. The Goldman Sachs Group upped their target price on shares of Republic Services from $239.00 to $265.00 and gave the stock a “buy” rating in a research report on Tuesday. Oppenheimer lifted their price target on Republic Services from $219.00 to $220.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Morgan Stanley increased their price objective on Republic Services from $220.00 to $230.00 and gave the stock an “equal weight” rating in a report on Friday, February 14th. Finally, Deutsche Bank Aktiengesellschaft raised Republic Services from a “hold” rating to a “buy” rating and lifted their target price for the company from $219.00 to $237.00 in a research note on Tuesday, December 10th. Six analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, Republic Services presently has a consensus rating of “Moderate Buy” and a consensus target price of $231.75.

Insiders Place Their Bets

In other Republic Services news, Director Katharine Weymouth sold 1,859 shares of the business’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $215.27, for a total transaction of $400,186.93. Following the sale, the director now directly owns 879 shares of the company’s stock, valued at $189,222.33. The trade was a 67.90 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.09% of the company’s stock.

Republic Services Stock Up 0.5 %

NYSE RSG opened at $229.59 on Thursday. The company has a market capitalization of $71.90 billion, a P/E ratio of 35.38, a PEG ratio of 3.33 and a beta of 0.74. Republic Services, Inc. has a 12 month low of $179.62 and a 12 month high of $232.52. 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’s 50 day simple moving average is $212.03 and its 200 day simple moving average is $208.11.

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, beating analysts’ consensus estimates of $1.37 by $0.21. The company had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $4.08 billion. Republic Services had a return on equity of 18.28% and a net margin of 12.74%. During the same quarter in the prior year, the firm earned $1.41 EPS. Equities research analysts expect that Republic Services, Inc. will post 6.89 earnings per share 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. Shareholders of record on Wednesday, April 2nd will be paid a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date is Wednesday, April 2nd. Republic Services’s dividend payout ratio is presently 35.75%.

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.