Terril Brothers Inc. Buys New Holdings in Republic Services, Inc. (NYSE:RSG)

Terril Brothers Inc. bought a new stake in shares of Republic Services, Inc. (NYSE:RSG) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 988 shares of the business services provider’s stock, valued at approximately $201,000.

Other institutional investors have also added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. grew its holdings 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 valued at $3,586,000 after buying an additional 4,827 shares in the last quarter. TCW Group Inc. grew its holdings in Republic Services by 13.0% during the 3rd quarter. TCW Group Inc. now owns 114,582 shares of the business services provider’s stock valued at $23,013,000 after buying an additional 13,138 shares in the last quarter. Avanza Fonder AB purchased a new position in Republic Services during the 4th quarter valued at approximately $4,430,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Republic Services during the 3rd quarter valued at approximately $6,102,000. Finally, Lifeworks Advisors LLC grew its holdings 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 valued at $4,312,000 after buying an additional 19,698 shares in the last quarter. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. William Blair restated an “outperform” rating on shares of Republic Services in a report on Friday, February 14th. Deutsche Bank Aktiengesellschaft raised Republic Services from a “hold” rating to a “buy” rating and lifted their target price for the company from $219.00 to $237.00 in a research report on Tuesday, December 10th. Stifel Nicolaus boosted their price target on Republic Services from $240.00 to $257.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. UBS Group boosted their price target on Republic Services from $212.00 to $240.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 19th. Finally, Truist Financial reissued a “buy” rating and issued a $250.00 price target (up from $244.00) on shares of Republic Services in a research report on Friday, February 14th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, Republic Services currently has an average rating of “Moderate Buy” and a consensus price target of $234.56.

Republic Services Trading Up 2.0 %

Shares of Republic Services stock opened at $237.42 on Friday. The firm has a market capitalization of $74.14 billion, a price-to-earnings ratio of 36.58, a PEG ratio of 3.64 and a beta of 0.74. Republic Services, Inc. has a fifty-two week low of $180.91 and a fifty-two week high of $237.52. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.64 and a current ratio of 0.58. The stock has a 50 day moving average of $215.73 and a 200 day moving average of $209.68.

Republic Services (NYSE:RSG) last released its quarterly earnings results on Thursday, February 13th. The business services provider reported $1.58 EPS for the quarter, topping the consensus estimate of $1.37 by $0.21. Republic Services had a return on equity of 18.28% and a net margin of 12.74%. The business had revenue of $4.05 billion during the quarter, compared to analyst estimates of $4.08 billion. During the same period last year, the business posted $1.41 earnings per share. As a group, research analysts predict that Republic Services, Inc. will post 6.86 earnings per share for the current year.

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 given a dividend of $0.58 per share. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $2.32 annualized dividend and a dividend yield of 0.98%. Republic Services’s dividend payout ratio is currently 35.75%.

Insider Transactions at Republic Services

In other news, 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 sale, the director now directly owns 879 shares in the company, valued at approximately $189,222.33. This trade 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 the SEC website. Also, COO Gregg Brummer sold 6,293 shares of the stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $228.20, for a total value of $1,436,062.60. Following the completion of the sale, the chief operating officer now owns 10,416 shares in the company, valued at approximately $2,376,931.20. The trade was a 37.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.09% of the company’s stock.

About Republic Services

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.