Republic Services, Inc. (NYSE:RSG) Shares Bought by Savant Capital LLC

Savant Capital LLC increased its stake in Republic Services, Inc. (NYSE:RSG) by 8.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,109 shares of the business services provider’s stock after acquiring an additional 2,533 shares during the period. Savant Capital LLC’s holdings in Republic Services were worth $6,460,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of RSG. CWM LLC raised its stake in shares of Republic Services by 19.3% in the third 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 in the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its stake in shares of Republic Services by 399.0% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,001 shares of the business services provider’s stock valued at $402,000 after acquiring an additional 1,600 shares in the last quarter. Webster Bank N. A. acquired a new stake in shares of Republic Services in the third quarter valued at $31,000. Fiduciary Alliance LLC raised its stake in Republic Services by 3.7% in the third quarter. Fiduciary Alliance LLC now owns 41,229 shares of the business services provider’s stock valued at $8,281,000 after buying an additional 1,478 shares in the last quarter. Finally, Creative Planning raised its stake in Republic Services by 8.1% in the third quarter. Creative Planning now owns 31,447 shares of the business services provider’s stock valued at $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 and hedge funds.

Republic Services Stock Performance

NYSE RSG opened at $221.92 on Tuesday. 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, Inc. has a 52-week low of $171.06 and a 52-week high of $223.43. The business’s 50-day moving average price is $210.01 and its 200 day moving average price is $206.36. The firm has a market cap of $69.50 billion, a P/E ratio of 35.51, a P/E/G ratio of 3.24 and a beta of 0.74.

Republic Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Wednesday, April 2nd will be issued a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend is Wednesday, April 2nd. Republic Services’s dividend payout ratio is currently 37.12%.

Wall Street Analysts Forecast Growth

RSG has been the topic of a number of analyst reports. BMO Capital Markets upgraded 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 research note on Friday, December 6th. Deutsche Bank Aktiengesellschaft upgraded Republic Services from a “hold” rating to a “buy” rating and raised their price target for the company from $219.00 to $237.00 in a research note on Tuesday, December 10th. Oppenheimer raised their price target on Republic Services from $219.00 to $220.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Truist Financial raised their price target on Republic Services from $220.00 to $244.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Finally, Morgan Stanley raised their price objective on Republic Services from $217.00 to $220.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. Six analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $224.38.

Insider Buying and Selling

In related news, Director Katharine Weymouth sold 1,859 shares of the firm’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $215.27, for a total value of $400,186.93. Following the completion of the sale, the director now owns 879 shares in the company, valued at $189,222.33. This trade represents a 67.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Brian M. Delghiaccio sold 5,071 shares of the firm’s 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 completion of the sale, the chief financial officer now owns 6,318 shares of the company’s stock, 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. Corporate insiders own 0.09% of the company’s stock.

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.