1,098 Shares in Republic Services, Inc. (NYSE:RSG) Bought by PKS Advisory Services LLC

PKS Advisory Services LLC bought a new stake in shares of Republic Services, Inc. (NYSE:RSG) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,098 shares of the business services provider’s stock, valued at approximately $221,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in RSG. FSA Wealth Management LLC bought a new position in shares of Republic Services in the 3rd quarter valued at approximately $25,000. Arcadia Investment Management Corp MI raised its position in shares of Republic Services by 200.0% in the fourth quarter. Arcadia Investment Management Corp MI now owns 132 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 88 shares during the period. R Squared Ltd acquired a new stake in shares of Republic Services in the fourth quarter worth $32,000. Truvestments Capital LLC bought a new stake in shares of Republic Services during the 3rd quarter worth $34,000. Finally, Generali Asset Management SPA SGR acquired a new position in Republic Services in the 4th quarter valued at $45,000. Institutional investors and hedge funds own 57.73% of the company’s stock.

Republic Services Price Performance

Republic Services stock opened at $237.91 on Wednesday. The business has a 50 day simple moving average of $226.10 and a 200 day simple moving average of $213.16. Republic Services, Inc. has a one year low of $180.92 and a one year high of $240.95. The company has a market capitalization of $74.30 billion, a PE ratio of 36.66, a price-to-earnings-growth ratio of 3.64 and a beta of 0.73. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.58 and a quick ratio of 0.64.

Republic Services (NYSE:RSG) last issued its earnings results 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. The company had revenue of $4.05 billion for the quarter, compared to the consensus estimate of $4.08 billion. Republic Services had a net margin of 12.74% and a return on equity of 18.28%. During the same quarter in the previous year, the company earned $1.41 EPS. On average, sell-side analysts forecast that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.

Republic Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Wednesday, April 2nd will be paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date is Wednesday, April 2nd. Republic Services’s dividend payout ratio (DPR) is currently 35.75%.

Insider Transactions at Republic Services

In other Republic Services news, COO Gregg Brummer sold 6,293 shares of the business’s stock in a transaction 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.09% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

RSG has been the subject of a number of recent analyst reports. Argus set a $260.00 price target on shares of Republic Services in a report on Tuesday, February 18th. Jefferies Financial Group raised their target price on Republic Services from $235.00 to $244.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Truist Financial reiterated a “buy” rating and set a $250.00 price target (up from $244.00) on shares of Republic Services in a report on Friday, February 14th. UBS Group increased their price objective on Republic Services from $212.00 to $240.00 and gave the company a “neutral” rating in a research report on Wednesday, February 19th. Finally, Morgan Stanley upped 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. Five analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $236.88.

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.