Republic Services, Inc. (NYSE:RSG) Shares Bought by MGB Wealth Management LLC

MGB Wealth Management LLC increased its position in Republic Services, Inc. (NYSE:RSG) by 6.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,505 shares of the business services provider’s stock after buying an additional 142 shares during the period. MGB Wealth Management LLC’s holdings in Republic Services were worth $504,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of RSG. Values First Advisors Inc. raised its holdings in Republic Services by 216.8% in the 4th quarter. Values First Advisors Inc. now owns 1,337 shares of the business services provider’s stock valued at $269,000 after acquiring an additional 915 shares during the last quarter. Retirement Guys Formula LLC increased its stake in Republic Services by 5.5% in the fourth quarter. Retirement Guys Formula LLC now owns 3,701 shares of the business services provider’s stock valued at $744,000 after purchasing an additional 194 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in Republic Services by 1.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,546,088 shares of the business services provider’s stock worth $509,462,000 after buying an additional 25,350 shares during the period. Portfolio Design Labs LLC purchased a new position in Republic Services during the fourth quarter worth about $281,000. Finally, JSF Financial LLC boosted its stake in Republic Services by 5.7% in the 4th quarter. JSF Financial LLC now owns 4,637 shares of the business services provider’s stock worth $933,000 after buying an additional 248 shares during the last quarter. Institutional investors and hedge funds own 57.73% of the company’s stock.

Insider Activity

In other Republic Services news, Director Katharine Weymouth sold 1,859 shares of the firm’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $215.27, for a total transaction of $400,186.93. Following the completion of the transaction, the director now directly owns 879 shares of the company’s stock, valued at $189,222.33. This trade represents a 67.90 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Brian M. Delghiaccio sold 5,071 shares of the company’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 in the company, valued at approximately $1,326,906.36. This trade represents a 44.53 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on RSG shares. BMO Capital Markets upgraded shares of Republic Services from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $211.00 to $238.00 in a report on Friday, December 6th. Morgan Stanley increased their price target on shares of Republic Services from $217.00 to $220.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. Truist Financial boosted their price objective on shares of Republic Services from $220.00 to $244.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Jefferies Financial Group increased their target price on Republic Services from $235.00 to $244.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. 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 analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $224.38.

Republic Services Trading Up 0.1 %

NYSE RSG opened at $223.38 on Thursday. The stock has a market cap of $69.95 billion, a P/E ratio of 35.74, a PEG ratio of 3.24 and a beta of 0.74. The company’s fifty day simple moving average is $210.32 and its 200-day simple moving average is $206.82. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.07. Republic Services, Inc. has a 52 week low of $172.23 and a 52 week high of $224.45.

Republic Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Wednesday, April 2nd will be given a $0.58 dividend. The ex-dividend date is Wednesday, April 2nd. This represents a $2.32 dividend on an annualized basis and a yield of 1.04%. Republic Services’s payout ratio is currently 37.12%.

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.