Achmea Investment Management B.V. Has $21.98 Million Stake in Republic Services, Inc. (NYSE:RSG)

Achmea Investment Management B.V. decreased its holdings in Republic Services, Inc. (NYSE:RSG) by 1.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 109,231 shares of the business services provider’s stock after selling 1,562 shares during the period. Achmea Investment Management B.V.’s holdings in Republic Services were worth $21,975,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in RSG. CWA Asset Management Group LLC bought a new position in Republic Services during the third quarter valued at approximately $345,000. Assetmark Inc. boosted its stake in shares of Republic Services by 8.2% in the 3rd quarter. Assetmark Inc. now owns 18,319 shares of the business services provider’s stock valued at $3,679,000 after purchasing an additional 1,394 shares in the last quarter. Atria Investments Inc boosted its stake in shares of Republic Services by 7.8% in the 3rd quarter. Atria Investments Inc now owns 12,179 shares of the business services provider’s stock valued at $2,446,000 after purchasing an additional 881 shares in the last quarter. Mesirow Financial Investment Management Inc. acquired a new stake in shares of Republic Services in the 3rd quarter valued at $273,000. Finally, Sigma Planning Corp boosted its stake in shares of Republic Services by 34.9% in the 3rd quarter. Sigma Planning Corp now owns 5,270 shares of the business services provider’s stock valued at $1,058,000 after purchasing an additional 1,364 shares in the last quarter. Institutional investors and hedge funds own 57.73% of the company’s stock.

Insider Activity at Republic Services

In other Republic Services news, COO Gregg Brummer sold 6,293 shares of the company’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $228.20, for a total transaction of $1,436,062.60. Following the completion of the transaction, the chief operating officer now owns 10,416 shares of the company’s stock, valued at $2,376,931.20. This represents a 37.66 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.09% of the stock is owned by insiders.

Republic Services Stock Performance

Shares of RSG stock opened at $230.47 on Thursday. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.58 and a quick ratio of 0.64. The stock has a market cap of $71.97 billion, a PE ratio of 35.51, a price-to-earnings-growth ratio of 3.64 and a beta of 0.73. The stock has a 50-day moving average of $220.75 and a 200-day moving average of $211.38. Republic Services, Inc. has a one year low of $180.91 and a one year high of $240.95.

Republic Services (NYSE:RSG) last issued its quarterly earnings data on Thursday, February 13th. The business services provider reported $1.58 earnings per share (EPS) for the quarter, beating 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 in the previous year, the firm earned $1.41 EPS. As a group, sell-side analysts expect that Republic Services, Inc. will post 6.86 earnings per share for the current year.

Republic Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Wednesday, April 2nd will be given a $0.58 dividend. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $2.32 annualized dividend and a dividend yield of 1.01%. Republic Services’s dividend payout ratio is presently 35.75%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on RSG. William Blair restated an “outperform” rating on shares of Republic Services in a research note on Friday, February 14th. Cibc World Mkts raised Republic Services from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 4th. Jefferies Financial Group lifted their price target on Republic Services from $235.00 to $244.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. BMO Capital Markets raised Republic Services from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $211.00 to $238.00 in a report on Friday, December 6th. Finally, Truist Financial reissued a “buy” rating and set a $250.00 price objective (up from $244.00) on shares of Republic Services in a report on Friday, February 14th. Five research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $236.88.

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.