Mill Creek Capital Advisors LLC Purchases New Position in Republic Services, Inc. (NYSE:RSG)

Mill Creek Capital Advisors LLC purchased a new position in shares of Republic Services, Inc. (NYSE:RSG) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 4,480 shares of the business services provider’s stock, valued at approximately $901,000.

Other large investors have also recently bought and sold shares of the company. TCW Group Inc. increased its stake in shares of Republic Services by 13.0% during the third quarter. TCW Group Inc. now owns 114,582 shares of the business services provider’s stock valued at $23,013,000 after acquiring an additional 13,138 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in Republic Services by 37.5% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,682 shares of the business services provider’s stock worth $3,586,000 after purchasing an additional 4,827 shares in the last quarter. Avanza Fonder AB purchased a new position in Republic Services during the 4th quarter worth approximately $4,430,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Republic Services during the 3rd quarter worth approximately $6,102,000. Finally, Lifeworks Advisors LLC grew its position in Republic Services by 1,112.3% during the 3rd quarter. Lifeworks Advisors LLC now owns 21,469 shares of the business services provider’s stock worth $4,312,000 after purchasing an additional 19,698 shares in the last quarter. Institutional investors own 57.73% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on RSG. BMO Capital Markets upgraded shares of Republic Services from a “market perform” rating to an “outperform” rating and raised their price target for the company from $211.00 to $238.00 in a report on Friday, December 6th. Oppenheimer upped their price target on Republic Services from $219.00 to $220.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Truist Financial upped their target price on Republic Services from $220.00 to $244.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. CIBC boosted their price objective on shares of Republic Services from $217.00 to $227.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 4th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Republic Services from a “hold” rating to a “buy” rating and boosted their target price for the stock from $219.00 to $237.00 in a research report on Tuesday, December 10th. Six investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $224.38.

Republic Services Trading Up 0.4 %

Shares of RSG opened at $221.92 on Tuesday. The business’s 50-day moving average price is $210.01 and its 200-day moving average price is $206.36. Republic Services, Inc. has a twelve month low of $171.06 and a twelve month high of $223.43. The stock has a market cap of $69.50 billion, a PE ratio of 35.51, a P/E/G ratio of 3.24 and a beta of 0.74. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.07.

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 given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date of this dividend is Wednesday, April 2nd. Republic Services’s payout ratio is currently 37.12%.

Insider Buying and Selling at Republic Services

In other Republic Services news, CFO Brian M. Delghiaccio sold 5,071 shares of the stock in a transaction 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. This represents a 44.53 % 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 link. Also, Director Katharine Weymouth sold 1,859 shares of the stock in a transaction 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 completion of the transaction, the director now owns 879 shares of the company’s stock, 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. Company insiders own 0.09% of the company’s stock.

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.