Stoneridge Investment Partners LLC Purchases 342 Shares of Republic Services, Inc. (NYSE:RSG)

Stoneridge Investment Partners LLC increased its stake in shares of Republic Services, Inc. (NYSE:RSG) by 5.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,556 shares of the business services provider’s stock after acquiring an additional 342 shares during the quarter. Stoneridge Investment Partners LLC’s holdings in Republic Services were worth $1,319,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. FSA Wealth Management LLC bought a new position in Republic Services during the 3rd quarter worth approximately $25,000. Wolff Wiese Magana LLC grew its position in Republic Services by 351.6% during the 3rd quarter. Wolff Wiese Magana LLC now owns 140 shares of the business services provider’s stock worth $28,000 after acquiring an additional 109 shares during the last quarter. Webster Bank N. A. bought a new position in Republic Services during the 3rd quarter worth approximately $31,000. R Squared Ltd bought a new stake in shares of Republic Services in the 4th quarter worth approximately $32,000. Finally, Truvestments Capital LLC bought a new stake in shares of Republic Services in the 3rd quarter worth approximately $34,000. 57.73% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Republic Services

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

Republic Services Stock Performance

Shares of RSG opened at $220.91 on Friday. 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, Inc. has a one year low of $171.06 and a one year high of $222.65. The firm has a market capitalization of $69.18 billion, a P/E ratio of 35.35, a PEG ratio of 3.24 and a beta of 0.74. The business has a fifty day moving average of $210.01 and a 200 day moving average of $206.26.

Republic Services Announces Dividend

The business also recently declared 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. This represents a $2.32 annualized dividend and a yield of 1.05%. The ex-dividend date of this dividend is Wednesday, April 2nd. Republic Services’s dividend payout ratio is presently 37.12%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on RSG shares. Truist Financial lifted their price objective on 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 lifted their price objective for the stock from $219.00 to $237.00 in a research report on Tuesday, December 10th. Oppenheimer lifted their price objective on Republic Services from $219.00 to $220.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Jefferies Financial Group lifted their price objective on Republic Services from $235.00 to $244.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Finally, CIBC raised their target price on Republic Services from $217.00 to $227.00 and gave the company a “neutral” rating in a research note on Wednesday, December 4th. Six research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $224.38.

Republic Services Company 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.