Metis Global Partners LLC Has $1.42 Million Holdings in Republic Services, Inc. (NYSE:RSG)

Metis Global Partners LLC decreased its position in shares of Republic Services, Inc. (NYSE:RSG) by 9.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,633 shares of the business services provider’s stock after selling 878 shares during the quarter. Metis Global Partners LLC’s holdings in Republic Services were worth $1,424,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Turtle Creek Wealth Advisors LLC bought a new position in Republic Services during the 4th quarter worth $34,000. Millburn Ridgefield Corp acquired a new position in shares of Republic Services in the third quarter worth approximately $36,000. Catalyst Capital Advisors LLC bought a new stake in Republic Services in the third quarter valued at approximately $36,000. BKM Wealth Management LLC acquired a new stake in Republic Services during the 4th quarter valued at approximately $37,000. Finally, Asset Dedication LLC lifted its position in shares of Republic Services by 48.1% in the 3rd quarter. Asset Dedication LLC now owns 277 shares of the business services provider’s stock worth $40,000 after purchasing an additional 90 shares during the period. Institutional investors own 57.73% of the company’s stock.

Insider Activity at Republic Services

In related news, CMO Amanda Hodges sold 6,500 shares of the business’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $186.02, for a total transaction of $1,209,130.00. Following the transaction, the chief marketing officer now directly owns 6,831 shares in the company, valued at $1,270,702.62. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Republic Services news, CEO Ark Jon Vander sold 5,446 shares of Republic Services stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $184.10, for a total value of $1,002,608.60. Following the sale, the chief executive officer now owns 85,113 shares of the company’s stock, valued at $15,669,303.30. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CMO Amanda Hodges sold 6,500 shares of Republic Services stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $186.02, for a total transaction of $1,209,130.00. Following the completion of the sale, the chief marketing officer now directly owns 6,831 shares in the company, valued at approximately $1,270,702.62. The disclosure for this sale can be found here. 0.09% of the stock is owned by insiders.

Republic Services Price Performance

Shares of NYSE RSG opened at $187.34 on Thursday. The stock has a market cap of $59.00 billion, a price-to-earnings ratio of 32.87, a PEG ratio of 3.22 and a beta of 0.67. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.53 and a current ratio of 0.53. Republic Services, Inc. has a fifty-two week low of $140.07 and a fifty-two week high of $196.76. The firm’s 50-day simple moving average is $188.14 and its 200 day simple moving average is $172.87.

Republic Services (NYSE:RSG) last posted its earnings results on Tuesday, April 30th. The business services provider reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.10. The company had revenue of $3.86 billion for the quarter, compared to analyst estimates of $3.89 billion. Republic Services had a return on equity of 17.56% and a net margin of 11.81%. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter last year, the company earned $1.24 earnings per share. As a group, research analysts anticipate that Republic Services, Inc. will post 6.05 earnings per share for the current fiscal year.

Republic Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Tuesday, July 2nd will be issued a $0.535 dividend. The ex-dividend date of this dividend is Tuesday, July 2nd. This represents a $2.14 annualized dividend and a dividend yield of 1.14%. Republic Services’s dividend payout ratio is currently 37.54%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Royal Bank of Canada began coverage on shares of Republic Services in a research note on Monday, April 8th. They set a “sector perform” rating and a $198.00 target price for the company. BMO Capital Markets upped their target price on Republic Services from $173.00 to $195.00 and gave the company a “market perform” rating in a research report on Wednesday, February 28th. Truist Financial lifted their target price on Republic Services from $175.00 to $192.00 and gave the stock a “hold” rating in a report on Wednesday, February 28th. Wells Fargo & Company increased their price target on Republic Services from $180.00 to $188.00 and gave the stock an “overweight” rating in a report on Tuesday, February 6th. Finally, Morgan Stanley downgraded shares of Republic Services from an “overweight” rating to an “equal weight” rating and set a $199.00 target price on the stock. in a research report on Friday, March 15th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $201.00.

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.