Simmons Bank Sells 51 Shares of Republic Services, Inc. (NYSE:RSG)

Simmons Bank reduced its position in shares of Republic Services, Inc. (NYSE:RSG) by 2.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,844 shares of the business services provider’s stock after selling 51 shares during the quarter. Simmons Bank’s holdings in Republic Services were worth $371,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. National Pension Service raised its holdings in shares of Republic Services by 3.5% in the 4th quarter. National Pension Service now owns 329,757 shares of the business services provider’s stock valued at $66,341,000 after purchasing an additional 11,128 shares in the last quarter. Advisor OS LLC boosted its position in Republic Services by 16.2% during the fourth quarter. Advisor OS LLC now owns 4,309 shares of the business services provider’s stock valued at $867,000 after purchasing an additional 600 shares in the last quarter. Kirtland Hills Capital Management LLC lifted its position in shares of Republic Services by 1.3% during the fourth quarter. Kirtland Hills Capital Management LLC now owns 8,057 shares of the business services provider’s stock valued at $1,621,000 after buying an additional 102 shares during the last quarter. Illinois Municipal Retirement Fund boosted its holdings in shares of Republic Services by 22.2% in the 4th quarter. Illinois Municipal Retirement Fund now owns 16,013 shares of the business services provider’s stock valued at $3,221,000 after buying an additional 2,904 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of Republic Services by 11.1% in the 4th quarter. Bank of New York Mellon Corp now owns 1,587,516 shares of the business services provider’s stock worth $319,376,000 after buying an additional 158,491 shares during the last quarter. 57.73% of the stock is currently owned by institutional investors.

Republic Services Stock Performance

NYSE RSG opened at $232.64 on Friday. The stock has a 50-day simple moving average of $215.06 and a two-hundred day simple moving average of $209.41. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.64 and a current ratio of 0.58. The firm has a market capitalization of $72.65 billion, a P/E ratio of 35.85, a PEG ratio of 3.64 and a beta of 0.74. Republic Services, Inc. has a fifty-two week low of $180.91 and a fifty-two week high of $234.02.

Republic Services (NYSE:RSG) last issued its quarterly earnings data on Thursday, February 13th. The business services provider reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.21. Republic Services had a net margin of 12.74% and a return on equity of 18.28%. The business had revenue of $4.05 billion for the quarter, compared to analysts’ expectations of $4.08 billion. During the same quarter last year, the company earned $1.41 EPS. On average, equities analysts forecast that Republic Services, Inc. will post 6.86 earnings per share for the current year.

Republic Services Announces Dividend

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 given a $0.58 dividend. The ex-dividend date is Wednesday, April 2nd. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.00%. Republic Services’s dividend payout ratio (DPR) is currently 35.75%.

Analysts Set New Price Targets

Several brokerages have weighed in on RSG. Morgan Stanley raised their target price on shares of Republic Services from $220.00 to $230.00 and gave the company an “equal weight” rating in a research note on Friday, February 14th. Argus set a $260.00 target price on Republic Services in a research report on Tuesday, February 18th. UBS Group raised their price target on Republic Services from $212.00 to $240.00 and gave the stock a “neutral” rating in a report on Wednesday, February 19th. Truist Financial restated a “buy” rating and set a $250.00 price objective (up previously from $244.00) on shares of Republic Services in a report on Friday, February 14th. Finally, Jefferies Financial Group upped their price target on shares of Republic Services from $235.00 to $244.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. 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 data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $233.41.

Insider Buying and Selling at Republic Services

In other news, COO Gregg Brummer sold 6,293 shares of the firm’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 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Katharine Weymouth sold 1,859 shares of the firm’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $215.27, for a total value of $400,186.93. Following the completion of the transaction, the director now owns 879 shares in the company, valued at $189,222.33. The trade was a 67.90 % decrease in their position. The disclosure for this sale can be found here. 0.09% of the stock is owned by corporate 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.