Republic Services, Inc. (NYSE:RSG) Shares Sold by Beacon Financial Group

Beacon Financial Group decreased its position in shares of Republic Services, Inc. (NYSE:RSG) by 2.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,016 shares of the business services provider’s stock after selling 1,023 shares during the period. Beacon Financial Group’s holdings in Republic Services were worth $6,843,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. CWM LLC grew 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 worth $2,188,000 after acquiring an additional 1,763 shares in the last quarter. Creative Planning grew its stake in 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 purchasing an additional 2,360 shares in the last quarter. BOS Asset Management LLC increased its holdings in Republic Services by 3.8% during the 3rd quarter. BOS Asset Management LLC now owns 2,774 shares of the business services provider’s stock worth $557,000 after purchasing an additional 101 shares during the period. Wolff Wiese Magana LLC raised its position in Republic Services by 351.6% in the 3rd quarter. Wolff Wiese Magana LLC now owns 140 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 109 shares in the last quarter. Finally, AAFMAA Wealth Management & Trust LLC grew its position in shares of Republic Services by 3.9% during the third quarter. AAFMAA Wealth Management & Trust LLC now owns 9,748 shares of the business services provider’s stock worth $1,958,000 after buying an additional 363 shares in the last quarter. 57.73% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CFO Brian M. Delghiaccio sold 5,071 shares of the company’s stock in a transaction on 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 transaction, the chief financial officer now directly owns 6,318 shares of the company’s stock, valued at $1,326,906.36. This represents a 44.53 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 transaction of $400,186.93. Following the completion of the sale, the director now owns 879 shares of the company’s stock, valued at $189,222.33. This trade represents a 67.90 % decrease in their position. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by corporate insiders.

Republic Services Stock Performance

NYSE:RSG opened at $223.20 on Wednesday. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.64 and a quick ratio of 0.64. The firm has a market cap of $69.89 billion, a price-to-earnings ratio of 35.71, a price-to-earnings-growth ratio of 3.24 and a beta of 0.74. The firm’s fifty day moving average price is $210.15 and its 200 day moving average price is $206.59. Republic Services, Inc. has a 1-year low of $171.06 and a 1-year high of $223.43.

Republic Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Wednesday, April 2nd will be paid a dividend of $0.58 per share. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.04%. Republic Services’s dividend payout ratio (DPR) is 37.12%.

Analysts Set New Price Targets

Several brokerages recently weighed in on RSG. Deutsche Bank Aktiengesellschaft raised shares of Republic Services from a “hold” rating to a “buy” rating and raised their target price for the company from $219.00 to $237.00 in a report on Tuesday, December 10th. Truist Financial lifted their price objective on shares of Republic Services from $220.00 to $244.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. BMO Capital Markets raised Republic Services from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $211.00 to $238.00 in a research report on Friday, December 6th. Oppenheimer increased their target price on shares of Republic Services from $219.00 to $220.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Finally, Morgan Stanley upped their price objective on shares of Republic Services from $217.00 to $220.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $224.38.

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.