Atria Investments Inc Buys 1,011 Shares of Republic Services, Inc. (NYSE:RSG)

Atria Investments Inc increased its stake in shares of Republic Services, Inc. (NYSE:RSG) by 8.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,190 shares of the business services provider’s stock after acquiring an additional 1,011 shares during the quarter. Atria Investments Inc’s holdings in Republic Services were worth $2,654,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. FSA Wealth Management LLC acquired a new stake in Republic Services during the third quarter worth $25,000. Arcadia Investment Management Corp MI boosted its stake in Republic Services by 200.0% during the fourth quarter. Arcadia Investment Management Corp MI now owns 132 shares of the business services provider’s stock worth $27,000 after buying an additional 88 shares in the last quarter. R Squared Ltd acquired a new stake in Republic Services during the fourth quarter worth $32,000. Truvestments Capital LLC acquired a new stake in shares of Republic Services in the 3rd quarter valued at $34,000. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of Republic Services in the 3rd quarter valued at $39,000. Institutional investors own 57.73% of the company’s stock.

Insider Transactions at Republic Services

In other news, COO Gregg Brummer sold 6,293 shares of the business’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $228.20, for a total transaction of $1,436,062.60. Following the sale, the chief operating officer now directly owns 10,416 shares in the company, valued at approximately $2,376,931.20. The trade was a 37.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.09% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. William Blair restated an “outperform” rating on shares of Republic Services in a research note on Friday, February 14th. The Goldman Sachs Group upped their price target on Republic Services from $239.00 to $265.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Stifel Nicolaus increased their target price on Republic Services from $240.00 to $257.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. BMO Capital Markets raised shares of Republic Services from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $211.00 to $238.00 in a research note on Friday, December 6th. Finally, Truist Financial reaffirmed a “buy” rating and set a $250.00 price target (up from $244.00) on shares of Republic Services in a research note on Friday, February 14th. Five analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Republic Services has a consensus rating of “Moderate Buy” and a consensus price target of $236.88.

Republic Services Stock Up 1.2 %

RSG opened at $234.28 on Friday. Republic Services, Inc. has a fifty-two week low of $180.91 and a fifty-two week high of $240.95. 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 company has a market capitalization of $73.16 billion, a P/E ratio of 36.10, a P/E/G ratio of 3.64 and a beta of 0.73. The stock has a fifty day moving average of $218.91 and a 200-day moving average of $210.84.

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

Republic Services Dividend Announcement

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 0.99%. The ex-dividend date is Wednesday, April 2nd. Republic Services’s dividend payout ratio is presently 35.75%.

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.