Sanctuary Advisors LLC Buys 917 Shares of Republic Services, Inc. (NYSE:RSG)

Sanctuary Advisors LLC increased its position in Republic Services, Inc. (NYSE:RSG) by 2.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,982 shares of the business services provider’s stock after acquiring an additional 917 shares during the quarter. Sanctuary Advisors LLC’s holdings in Republic Services were worth $7,639,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Catalyst Capital Advisors LLC raised its holdings in Republic Services by 221.9% during the fourth quarter. Catalyst Capital Advisors LLC now owns 515 shares of the business services provider’s stock valued at $104,000 after acquiring an additional 355 shares during the period. Principal Financial Group Inc. raised its stake in Republic Services by 0.3% during the 4th quarter. Principal Financial Group Inc. now owns 750,571 shares of the business services provider’s stock valued at $151,000,000 after purchasing an additional 2,516 shares during the period. Sierra Ocean LLC purchased a new position in Republic Services in the 4th quarter worth approximately $214,000. J.W. Cole Advisors Inc. boosted its stake in Republic Services by 6.3% in the 4th quarter. J.W. Cole Advisors Inc. now owns 2,135 shares of the business services provider’s stock worth $430,000 after purchasing an additional 126 shares during the period. Finally, Csenge Advisory Group raised its position in shares of Republic Services by 3.9% during the fourth quarter. Csenge Advisory Group now owns 4,850 shares of the business services provider’s stock valued at $976,000 after buying an additional 182 shares during the last quarter. Institutional investors own 57.73% of the company’s stock.

Republic Services Stock Performance

Shares of Republic Services stock opened at $229.59 on Thursday. Republic Services, Inc. has a 52 week low of $179.62 and a 52 week high of $232.52. The company has a market capitalization 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. The stock’s fifty day moving average is $212.03 and its two-hundred day moving average is $208.11. 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 (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, beating analysts’ consensus estimates 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 quarter last year, the business posted $1.41 EPS. As a group, analysts expect that Republic Services, Inc. will post 6.89 earnings per share for the current 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 issued a dividend of $0.58 per share. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $2.32 annualized dividend and a yield of 1.01%. Republic Services’s payout ratio is currently 35.75%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Republic Services from a “hold” rating to a “buy” rating and lifted their price target for the company from $219.00 to $237.00 in a report on Tuesday, December 10th. CIBC upped their price objective on Republic Services from $217.00 to $227.00 and gave the stock a “neutral” rating in a report on Wednesday, December 4th. Jefferies Financial Group boosted their price target on shares of Republic Services from $235.00 to $244.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Stifel Nicolaus increased their price objective on shares of Republic Services from $240.00 to $257.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Truist Financial restated a “buy” rating and set a $250.00 target price (up from $244.00) on shares of Republic Services in a research report on Friday, February 14th. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, Republic Services currently has a consensus rating of “Moderate Buy” and an average target price of $231.75.

Insider Buying and Selling at Republic Services

In other Republic Services news, Director Katharine Weymouth sold 1,859 shares of the firm’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 transaction, the director now owns 879 shares of the company’s stock, valued at approximately $189,222.33. This trade represents a 67.90 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.09% of the stock is currently owned by corporate insiders.

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.