Republic Services, Inc. (NYSE:RSG) Shares Purchased by Mattern Capital Management LLC

Mattern Capital Management LLC grew its holdings in Republic Services, Inc. (NYSE:RSG) by 10.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,816 shares of the business services provider’s stock after acquiring an additional 258 shares during the period. Mattern Capital Management LLC’s holdings in Republic Services were worth $567,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of RSG. Mirae Asset Global Investments Co. Ltd. lifted 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 worth $3,586,000 after purchasing an additional 4,827 shares during the last quarter. TCW Group Inc. raised its holdings in shares of Republic Services by 13.0% in the third quarter. TCW Group Inc. now owns 114,582 shares of the business services provider’s stock valued at $23,013,000 after buying an additional 13,138 shares during the last quarter. Avanza Fonder AB purchased a new stake in shares of Republic Services in the fourth quarter valued at about $4,430,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Republic Services in the third quarter valued at about $6,102,000. Finally, Lifeworks Advisors LLC increased its stake in shares of Republic Services by 1,112.3% during the third quarter. Lifeworks Advisors LLC now owns 21,469 shares of the business services provider’s stock worth $4,312,000 after acquiring an additional 19,698 shares during the period. Institutional investors and hedge funds own 57.73% of the company’s stock.

Insider Transactions at Republic Services

In other Republic Services news, Director Katharine Weymouth sold 1,859 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $189,222.33. The trade was a 67.90 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Gregg Brummer sold 6,293 shares of the business’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $228.20, for a total transaction of $1,436,062.60. Following the sale, the chief operating officer now owns 10,416 shares in the company, valued at $2,376,931.20. This trade represents a 37.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Truist Financial reiterated 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. Oppenheimer increased their price target on shares of Republic Services from $219.00 to $220.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. The Goldman Sachs Group upped their price objective on shares of Republic Services from $239.00 to $265.00 and gave the company a “buy” rating in a research note on Tuesday. William Blair reaffirmed an “outperform” rating on shares of Republic Services in a research note on Friday, February 14th. Finally, Royal Bank of Canada raised shares of Republic Services from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from $219.00 to $237.00 in a research note on Monday, January 6th. Six research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, Republic Services has an average rating of “Moderate Buy” and an average price target of $231.75.

Republic Services Price Performance

RSG opened at $230.73 on Friday. The firm has a market cap of $72.05 billion, a price-to-earnings ratio of 35.55, a PEG ratio of 3.62 and a beta of 0.74. The company has a current ratio of 0.58, a quick ratio of 0.64 and a debt-to-equity ratio of 1.04. Republic Services, Inc. has a twelve month low of $179.62 and a twelve month high of $232.52. The company has a fifty day simple moving average of $212.44 and a 200 day simple moving average of $208.27.

Republic Services (NYSE:RSG) last announced 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. The company had revenue of $4.05 billion during the quarter, compared to analyst estimates of $4.08 billion. Republic Services had a net margin of 12.74% and a return on equity of 18.28%. During the same period last year, the business earned $1.41 EPS. Equities research analysts expect that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.

Republic Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Wednesday, April 2nd will be given a $0.58 dividend. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.01%. Republic Services’s payout ratio is currently 35.75%.

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.