Stephens Inc. AR Has $4.34 Million Position in Republic Services, Inc. (NYSE:RSG)

Stephens Inc. AR reduced its holdings in shares of Republic Services, Inc. (NYSE:RSGFree Report) by 2.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 26,293 shares of the business services provider’s stock after selling 535 shares during the period. Stephens Inc. AR’s holdings in Republic Services were worth $4,336,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in RSG. Capital World Investors lifted its holdings in Republic Services by 416.9% during the 4th quarter. Capital World Investors now owns 6,562,420 shares of the business services provider’s stock valued at $1,082,209,000 after purchasing an additional 5,292,862 shares during the last quarter. Norges Bank acquired a new position in Republic Services in the fourth quarter valued at about $358,837,000. Magellan Asset Management Ltd boosted its position in Republic Services by 1,497,159.0% in the third quarter. Magellan Asset Management Ltd now owns 913,328 shares of the business services provider’s stock valued at $130,158,000 after buying an additional 913,267 shares in the last quarter. FMR LLC boosted its position in Republic Services by 34.4% in the third quarter. FMR LLC now owns 2,202,405 shares of the business services provider’s stock valued at $313,865,000 after buying an additional 563,761 shares in the last quarter. Finally, AEGON ASSET MANAGEMENT UK Plc acquired a new position in Republic Services in the fourth quarter valued at about $77,417,000. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Republic Services Trading Down 0.1 %

Shares of NYSE RSG opened at $186.95 on Friday. The company’s 50 day simple moving average is $187.95 and its 200 day simple moving average is $177.98. Republic Services, Inc. has a fifty-two week low of $140.23 and a fifty-two week high of $196.76. The firm has a market capitalization of $58.88 billion, a P/E ratio of 32.80, a P/E/G ratio of 3.14 and a beta of 0.68. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.53 and a quick ratio of 0.53.

Republic Services (NYSE:RSGGet Free Report) last issued its earnings results on Tuesday, April 30th. The business services provider reported $1.45 EPS for the quarter, beating the consensus estimate of $1.35 by $0.10. Republic Services had a net margin of 11.81% and a return on equity of 17.56%. The firm had revenue of $3.86 billion during the quarter, compared to the consensus estimate of $3.89 billion. During the same quarter in the prior year, the firm earned $1.24 earnings per share. The business’s quarterly revenue was up 7.8% on a year-over-year basis. On average, analysts predict that Republic Services, Inc. will post 6.05 EPS for the current year.

Republic Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Tuesday, July 2nd will be paid a $0.535 dividend. This represents a $2.14 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend is Tuesday, July 2nd. Republic Services’s payout ratio is presently 37.54%.

Insider Buying and Selling at Republic Services

In other Republic Services news, CMO Amanda Hodges sold 6,500 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $186.02, for a total value of $1,209,130.00. Following the completion of the sale, the chief marketing officer now owns 6,831 shares of the company’s stock, valued at $1,270,702.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CMO Amanda Hodges sold 6,500 shares of the stock in a transaction on Monday, May 6th. The shares were sold at an average price of $186.02, for a total transaction of $1,209,130.00. Following the completion of the sale, the chief marketing officer now owns 6,831 shares of the company’s stock, valued at $1,270,702.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Katharine Weymouth acquired 540 shares of the stock in a transaction dated Tuesday, June 4th. The shares were bought at an average cost of $185.26 per share, with a total value of $100,040.40. Following the transaction, the director now directly owns 540 shares of the company’s stock, valued at $100,040.40. The disclosure for this purchase can be found here. Insiders own 0.09% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Jefferies Financial Group boosted their price target on shares of Republic Services from $213.00 to $225.00 and gave the company a “buy” rating in a research report on Monday, March 18th. UBS Group upped their target price on shares of Republic Services from $195.00 to $200.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 1st. Truist Financial upped their target price on shares of Republic Services from $175.00 to $192.00 and gave the stock a “hold” rating in a research report on Wednesday, February 28th. BMO Capital Markets upped their target price on shares of Republic Services from $173.00 to $195.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 28th. Finally, Royal Bank of Canada initiated coverage on shares of Republic Services in a research report on Monday, April 8th. They set a “sector perform” rating and a $198.00 target price on the stock. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Republic Services presently has a consensus rating of “Moderate Buy” and an average price target of $201.14.

Check Out Our Latest Analysis on Republic Services

Republic Services Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Republic Services (NYSE:RSG)

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