Bryn Mawr Capital Management LLC Purchases 8,731 Shares of Republic Services, Inc. (NYSE:RSG)

Bryn Mawr Capital Management LLC grew its position in Republic Services, Inc. (NYSE:RSG) by 185.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,446 shares of the business services provider’s stock after acquiring an additional 8,731 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in Republic Services were worth $2,705,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. FSA Wealth Management LLC bought a new stake in Republic Services in the third quarter worth $25,000. R Squared Ltd bought a new stake in shares of Republic Services in the 4th quarter worth about $32,000. Truvestments Capital LLC purchased a new stake in shares of Republic Services during the 3rd quarter valued at about $34,000. Ashton Thomas Securities LLC bought a new position in shares of Republic Services in the 3rd quarter valued at about $39,000. Finally, Bank of Jackson Hole Trust purchased a new position in Republic Services in the fourth quarter worth about $48,000. 57.73% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

RSG has been the subject of several analyst reports. Morgan Stanley raised their price objective on Republic Services from $220.00 to $230.00 and gave the company an “equal weight” rating in a research note on Friday, February 14th. BMO Capital Markets upgraded shares of Republic Services from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $211.00 to $238.00 in a report on Friday, December 6th. Royal Bank of Canada raised shares of Republic Services from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from $219.00 to $237.00 in a research report on Monday, January 6th. Truist Financial restated a “buy” rating and issued a $250.00 price objective (up from $244.00) on shares of Republic Services in a report on Friday, February 14th. Finally, Jefferies Financial Group upped their target price on Republic Services from $235.00 to $244.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Six analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $231.75.

Republic Services Stock Up 0.5 %

Republic Services stock opened at $230.73 on Friday. Republic Services, Inc. has a 52 week low of $179.62 and a 52 week high of $232.52. The firm has a market cap of $72.05 billion, a price-to-earnings ratio of 35.55, a price-to-earnings-growth ratio of 3.61 and a beta of 0.74. The business’s 50-day moving average price is $212.44 and its 200 day moving average price is $208.27. 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 posted its earnings results on Thursday, February 13th. The business services provider reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.21. Republic Services had a net margin of 12.74% and a return on equity of 18.28%. The firm had revenue of $4.05 billion during the quarter, compared to analyst estimates of $4.08 billion. During the same period in the previous year, the firm earned $1.41 EPS. As a group, sell-side analysts anticipate that Republic Services, Inc. will post 6.85 earnings per share for the current year.

Republic Services Dividend Announcement

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

Insider Activity at Republic Services

In other Republic Services news, Director Katharine Weymouth sold 1,859 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $215.27, for a total value of $400,186.93. Following the sale, the director now directly owns 879 shares of the company’s stock, valued at approximately $189,222.33. This trade represents a 67.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Gregg Brummer sold 6,293 shares of the company’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $228.20, for a total value of $1,436,062.60. Following the transaction, the chief operating officer now directly owns 10,416 shares of the company’s stock, valued at approximately $2,376,931.20. The trade was a 37.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.09% of the stock is owned by company insiders.

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.