OneAscent Financial Services LLC Buys Shares of 992 Republic Services, Inc. (NYSE:RSG)

OneAscent Financial Services LLC purchased a new stake in shares of Republic Services, Inc. (NYSE:RSG) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 992 shares of the business services provider’s stock, valued at approximately $200,000.

Several other large investors have also recently bought and sold shares of RSG. Arcadia Investment Management Corp MI increased its holdings in shares of Republic Services by 200.0% in the 4th 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 purchased a new stake in Republic Services in the 4th quarter worth approximately $32,000. New Age Alpha Advisors LLC grew its holdings in shares of Republic Services by 70.2% during the 4th quarter. New Age Alpha Advisors LLC now owns 177 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 73 shares in the last quarter. Generali Asset Management SPA SGR acquired a new position in shares of Republic Services in the fourth quarter worth $45,000. Finally, Bank of Jackson Hole Trust purchased a new stake in shares of Republic Services during the fourth quarter worth $48,000. 57.73% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, COO Gregg Brummer sold 6,293 shares of the company’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $228.20, for a total value of $1,436,062.60. Following the sale, the chief operating officer now owns 10,416 shares of the company’s stock, valued at $2,376,931.20. The trade was 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 hyperlink. Corporate insiders own 0.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on RSG. UBS Group upped their target price on Republic Services from $212.00 to $240.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 19th. Argus set a $260.00 price objective on shares of Republic Services in a research report on Tuesday, February 18th. CIBC raised shares of Republic Services from a “neutral” rating to a “sector outperform” rating and set a $264.00 target price for the company in a research report on Tuesday, March 4th. Jefferies Financial Group lifted their price objective 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. Finally, BMO Capital Markets raised shares of Republic Services from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $211.00 to $238.00 in a research report on Friday, December 6th. Five research 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 company’s stock. Based on data from MarketBeat, Republic Services presently has an average rating of “Moderate Buy” and a consensus target price of $236.88.

Republic Services Stock Performance

NYSE RSG opened at $235.29 on Friday. The company’s fifty day moving average is $230.70 and its two-hundred day moving average is $215.05. Republic Services, Inc. has a 52-week low of $180.92 and a 52-week high of $249.73. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.58 and a quick ratio of 0.64. The firm has a market capitalization of $73.48 billion, a price-to-earnings ratio of 36.25, a P/E/G ratio of 3.64 and a beta of 0.73.

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

Republic Services Announces Dividend

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 paid 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 is currently 35.75%.

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.