Republic Services, Inc. (NYSE:RSG) Shares Bought by Fiduciary Alliance LLC

Fiduciary Alliance LLC raised its position in shares of Republic Services, Inc. (NYSE:RSG) by 0.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 41,547 shares of the business services provider’s stock after buying an additional 318 shares during the period. Republic Services comprises about 0.8% of Fiduciary Alliance LLC’s holdings, making the stock its 25th largest holding. Fiduciary Alliance LLC’s holdings in Republic Services were worth $8,358,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of RSG. TCW Group Inc. boosted its holdings in Republic Services by 13.0% in the third quarter. TCW Group Inc. now owns 114,582 shares of the business services provider’s stock valued at $23,013,000 after purchasing an additional 13,138 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Republic Services in the third quarter valued at $6,102,000. Lifeworks Advisors LLC raised its stake in 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 buying an additional 19,698 shares in the last quarter. Assenagon Asset Management S.A. increased its position in shares of Republic Services by 15.2% during the third quarter. Assenagon Asset Management S.A. now owns 5,663 shares of the business services provider’s stock worth $1,137,000 after purchasing an additional 746 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new stake in shares of Republic Services during the third quarter worth about $6,579,000. 57.73% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Republic Services

In related news, CFO Brian M. Delghiaccio sold 5,071 shares of the stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $210.02, for a total transaction of $1,065,011.42. Following the sale, the chief financial officer now owns 6,318 shares in the company, valued at $1,326,906.36. This represents a 44.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Katharine Weymouth sold 1,859 shares of the stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $215.27, for a total transaction of $400,186.93. Following the sale, the director now owns 879 shares in the company, valued at approximately $189,222.33. This trade represents a 67.90 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.09% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on RSG shares. William Blair started coverage on Republic Services in a research report on Thursday, October 3rd. They set an “outperform” rating on the stock. Deutsche Bank Aktiengesellschaft upgraded Republic Services from a “hold” rating to a “buy” rating and boosted their price target for the company from $219.00 to $237.00 in a research report on Tuesday, December 10th. Royal Bank of Canada upgraded Republic Services from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from $219.00 to $237.00 in a research report on Monday, January 6th. Truist Financial boosted their price target on Republic Services from $220.00 to $244.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Finally, CIBC boosted their price target on Republic Services from $217.00 to $227.00 and gave the company a “neutral” rating in a research report on Wednesday, December 4th. Six investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $221.12.

Republic Services Price Performance

RSG stock traded down $1.02 on Monday, reaching $205.27. The company had a trading volume of 120,916 shares, compared to its average volume of 871,125. Republic Services, Inc. has a 1 year low of $165.06 and a 1 year high of $220.58. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.64 and a current ratio of 0.64. The company’s fifty day moving average is $208.87 and its 200 day moving average is $204.02. The company has a market cap of $64.28 billion, a P/E ratio of 32.84, a PEG ratio of 3.30 and a beta of 0.73.

Republic Services (NYSE:RSG) last posted its quarterly earnings data on Tuesday, October 29th. The business services provider reported $1.81 earnings per share for the quarter, beating analysts’ consensus estimates of $1.61 by $0.20. The company had revenue of $4.08 billion during the quarter, compared to analysts’ expectations of $4.12 billion. Republic Services had a net margin of 12.46% and a return on equity of 18.18%. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.54 EPS. On average, research analysts forecast that Republic Services, Inc. will post 6.25 earnings per share for the current year.

Republic Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd will be given a dividend of $0.58 per share. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $2.32 annualized dividend and a dividend yield of 1.13%. Republic Services’s payout ratio is 37.12%.

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.