Providence First Trust Co Has $2.10 Million Stock Position in Republic Services, Inc. (NYSE:RSG)

Providence First Trust Co increased its stake in Republic Services, Inc. (NYSE:RSG) by 0.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,433 shares of the business services provider’s stock after buying an additional 74 shares during the quarter. Providence First Trust Co’s holdings in Republic Services were worth $2,099,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in RSG. Mirae Asset Global Investments Co. Ltd. raised its stake in Republic Services by 37.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,682 shares of the business services provider’s stock valued at $3,586,000 after buying an additional 4,827 shares during the period. TCW Group Inc. raised its stake in Republic Services by 13.0% in the 3rd quarter. TCW Group Inc. now owns 114,582 shares of the business services provider’s stock valued at $23,013,000 after acquiring an additional 13,138 shares during the period. Avanza Fonder AB acquired a new stake in Republic Services during the 4th quarter valued at $4,430,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in Republic Services during the third quarter worth $6,102,000. Finally, Lifeworks Advisors LLC increased its holdings in shares of Republic Services by 1,112.3% in the third quarter. Lifeworks Advisors LLC now owns 21,469 shares of the business services provider’s stock valued at $4,312,000 after purchasing an additional 19,698 shares during the last quarter. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Republic Services Price Performance

Shares of NYSE:RSG opened at $237.42 on Friday. The firm has a 50 day moving average of $215.73 and a 200-day moving average of $209.68. Republic Services, Inc. has a 12 month low of $180.91 and a 12 month high of $237.52. The company has a current ratio of 0.58, a quick ratio of 0.64 and a debt-to-equity ratio of 1.04. The stock has a market capitalization of $74.14 billion, a PE ratio of 36.58, a PEG ratio of 3.64 and a beta of 0.74.

Republic Services (NYSE:RSG) last announced its quarterly earnings data on Thursday, February 13th. The business services provider reported $1.58 EPS 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 business had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $4.08 billion. During the same period in the previous year, the business earned $1.41 earnings per share. On average, equities research analysts predict that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.

Republic Services Announces Dividend

The firm also recently announced 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. This represents a $2.32 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date of this dividend is Wednesday, April 2nd. Republic Services’s dividend payout ratio is presently 35.75%.

Analyst Ratings Changes

RSG has been the subject of a number of research reports. Argus set a $260.00 target price on shares of Republic Services in a research note on Tuesday, February 18th. Truist Financial restated a “buy” rating and set a $250.00 price objective (up from $244.00) on shares of Republic Services in a research report on Friday, February 14th. UBS Group upped their target price on Republic Services from $212.00 to $240.00 and gave the company a “neutral” rating in a research report on Wednesday, February 19th. Deutsche Bank Aktiengesellschaft raised Republic Services from a “hold” rating to a “buy” rating and lifted their price target for the stock from $219.00 to $237.00 in a report on Tuesday, December 10th. Finally, Stifel Nicolaus upped their price objective on Republic Services from $240.00 to $257.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $234.56.

Insider Transactions at Republic Services

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

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.