Generali Investments Management Co LLC Purchases Shares of 664 Republic Services, Inc. (NYSE:RSG)

Generali Investments Management Co LLC bought a new stake in shares of Republic Services, Inc. (NYSE:RSG) during the 4th quarter, HoldingsChannel.com reports. The firm bought 664 shares of the business services provider’s stock, valued at approximately $134,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in RSG. FSA Wealth Management LLC bought a new position in shares of Republic Services during the third quarter valued at $25,000. Arcadia Investment Management Corp MI increased its position in Republic Services by 200.0% in the 4th quarter. Arcadia Investment Management Corp MI now owns 132 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 88 shares in the last quarter. R Squared Ltd bought a new position in Republic Services in the 4th quarter worth approximately $32,000. Truvestments Capital LLC acquired a new position in shares of Republic Services during the third quarter valued at $34,000. Finally, Generali Asset Management SPA SGR acquired a new position in Republic Services during the 4th quarter valued at about $45,000. Institutional investors own 57.73% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on RSG. Truist Financial reissued a “buy” rating and issued a $250.00 price target (up previously from $244.00) on shares of Republic Services in a research note on Friday, February 14th. CIBC upgraded shares of Republic Services from a “neutral” rating to a “sector outperform” rating and set a $264.00 price target for the company in a report on Tuesday, March 4th. Stifel Nicolaus upped their price objective on Republic Services from $240.00 to $257.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. The Goldman Sachs Group lifted their target price on Republic Services from $239.00 to $265.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Finally, Argus set a $260.00 price objective on shares of Republic Services in a report on Tuesday, February 18th. Five equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Republic Services currently has an average rating of “Moderate Buy” and a consensus price target of $236.88.

Republic Services Stock Performance

Shares of RSG opened at $234.70 on Thursday. The company has a market cap of $73.29 billion, a PE ratio of 36.16, a price-to-earnings-growth ratio of 3.64 and a beta of 0.73. The firm has a 50-day moving average of $223.82 and a 200-day moving average of $212.29. Republic Services, Inc. has a one year low of $180.92 and a one year high of $240.95. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.58 and a quick ratio of 0.64.

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

Republic Services Dividend Announcement

The business also recently announced 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 annualized dividend and a dividend yield of 0.99%. The ex-dividend date is Wednesday, April 2nd. Republic Services’s payout ratio is 35.75%.

Insider Activity at Republic Services

In other news, COO Gregg Brummer sold 6,293 shares of the business’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 sale, the chief operating officer now owns 10,416 shares in the company, valued at $2,376,931.20. The trade was a 37.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.09% of the stock is owned by company insiders.

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.