Andra AP fonden Reduces Stock Position in Republic Services, Inc. (NYSE:RSG)

Andra AP fonden lowered its position in Republic Services, Inc. (NYSE:RSG) by 18.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,100 shares of the business services provider’s stock after selling 10,000 shares during the period. Andra AP fonden’s holdings in Republic Services were worth $8,872,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Wellington Management Group LLP grew its holdings in Republic Services by 23.2% in the third quarter. Wellington Management Group LLP now owns 6,004,199 shares of the business services provider’s stock valued at $1,205,883,000 after purchasing an additional 1,131,850 shares during the last quarter. Geode Capital Management LLC grew its stake in Republic Services by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 4,507,521 shares of the business services provider’s stock valued at $903,316,000 after acquiring an additional 73,207 shares during the last quarter. Nordea Investment Management AB increased its holdings in Republic Services by 19.4% during the 4th quarter. Nordea Investment Management AB now owns 3,129,322 shares of the business services provider’s stock valued at $626,553,000 after acquiring an additional 509,116 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in Republic Services by 1.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,546,088 shares of the business services provider’s stock worth $509,462,000 after acquiring an additional 25,350 shares during the last quarter. Finally, Stifel Financial Corp lifted its holdings in shares of Republic Services by 437.9% in the third quarter. Stifel Financial Corp now owns 1,814,613 shares of the business services provider’s stock valued at $364,449,000 after purchasing an additional 1,477,255 shares in the last quarter. 57.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

RSG has been the subject of several research reports. The Goldman Sachs Group lifted their price objective on Republic Services from $239.00 to $265.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. BMO Capital Markets raised Republic Services from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $211.00 to $238.00 in a report on Friday, December 6th. William Blair reaffirmed an “outperform” rating on shares of Republic Services in a research note on Friday, February 14th. Truist Financial reissued a “buy” rating and issued a $250.00 target price (up previously from $244.00) on shares of Republic Services in a research note on Friday, February 14th. Finally, Argus set a $260.00 price target on shares of Republic Services in a research note on Tuesday, February 18th. Five analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $236.88.

Insiders Place Their Bets

In related news, COO Gregg Brummer sold 6,293 shares of Republic Services stock in a transaction 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 transaction, the chief operating officer now owns 10,416 shares in the company, valued at approximately $2,376,931.20. The trade was a 37.66 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.09% of the stock is owned by insiders.

Republic Services Stock Up 1.2 %

Shares of NYSE RSG opened at $234.28 on Friday. The company has a quick ratio of 0.64, a current ratio of 0.58 and a debt-to-equity ratio of 1.04. The stock has a market capitalization of $73.16 billion, a PE ratio of 36.10, a P/E/G ratio of 3.64 and a beta of 0.73. The firm has a fifty day moving average of $218.91 and a 200-day moving average of $210.84. Republic Services, Inc. has a 52-week low of $180.91 and a 52-week high of $240.95.

Republic Services (NYSE:RSG) last announced its quarterly earnings results on Thursday, February 13th. The business services provider reported $1.58 EPS for the quarter, topping the consensus estimate 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 return on equity of 18.28% and a net margin of 12.74%. During the same period in the prior year, the firm posted $1.41 earnings per share. On average, analysts anticipate that Republic Services, Inc. will post 6.86 EPS for the current year.

Republic Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Wednesday, April 2nd will be given a dividend of $0.58 per share. The ex-dividend date is Wednesday, April 2nd. This represents a $2.32 dividend on an annualized basis and a yield of 0.99%. Republic Services’s dividend payout ratio (DPR) is 35.75%.

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.