JSF Financial LLC Buys 248 Shares of Republic Services, Inc. (NYSE:RSG)

JSF Financial LLC grew its stake in shares of Republic Services, Inc. (NYSE:RSG) by 5.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 4,637 shares of the business services provider’s stock after acquiring an additional 248 shares during the quarter. JSF Financial LLC’s holdings in Republic Services were worth $933,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of RSG. CWM LLC lifted its position in shares of Republic Services by 19.3% during the 3rd quarter. CWM LLC now owns 10,894 shares of the business services provider’s stock valued at $2,188,000 after acquiring an additional 1,763 shares during the period. Livforsakringsbolaget Skandia Omsesidigt raised its holdings in shares of Republic Services by 399.0% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,001 shares of the business services provider’s stock worth $402,000 after buying an additional 1,600 shares in the last quarter. Webster Bank N. A. acquired a new position in shares of Republic Services during the 3rd quarter worth $31,000. Fiduciary Alliance LLC raised its holdings in shares of Republic Services by 3.7% during the 3rd quarter. Fiduciary Alliance LLC now owns 41,229 shares of the business services provider’s stock worth $8,281,000 after buying an additional 1,478 shares in the last quarter. Finally, Creative Planning raised its holdings in shares of Republic Services by 8.1% during the 3rd quarter. Creative Planning now owns 31,447 shares of the business services provider’s stock worth $6,316,000 after buying an additional 2,360 shares in the last quarter. 57.73% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on RSG. Morgan Stanley boosted their price target on Republic Services from $217.00 to $220.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. Truist Financial boosted their price target on Republic Services from $220.00 to $244.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Royal Bank of Canada raised Republic Services from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from $219.00 to $237.00 in a report on Monday, January 6th. Jefferies Financial Group upped their target price on Republic Services from $235.00 to $244.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Finally, Deutsche Bank Aktiengesellschaft raised Republic Services from a “hold” rating to a “buy” rating and upped their target price for the stock from $219.00 to $237.00 in a report on Tuesday, December 10th. Six research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $224.38.

Republic Services Trading Up 0.4 %

Shares of RSG stock opened at $221.92 on Tuesday. Republic Services, Inc. has a 1-year low of $171.06 and a 1-year high of $223.43. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.07. The stock has a 50-day moving average of $210.01 and a 200-day moving average of $206.36. The stock has a market cap of $69.50 billion, a price-to-earnings ratio of 35.51, a PEG ratio of 3.24 and a beta of 0.74.

Republic Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors 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 annualized dividend and a dividend yield of 1.05%. Republic Services’s payout ratio is 37.12%.

Insider Activity at Republic Services

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

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.