Republic Services, Inc. (NYSE:RSG) Shares Purchased by Korea Investment CORP

Korea Investment CORP increased its holdings in Republic Services, Inc. (NYSE:RSG) by 49.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 162,169 shares of the business services provider’s stock after buying an additional 53,810 shares during the period. Korea Investment CORP’s holdings in Republic Services were worth $32,625,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the business. McGlone Suttner Wealth Management Inc. increased its stake in shares of Republic Services by 2.2% in the fourth quarter. McGlone Suttner Wealth Management Inc. now owns 2,213 shares of the business services provider’s stock worth $445,000 after acquiring an additional 48 shares during the period. Access Financial Services Inc. boosted its holdings in Republic Services by 0.8% in the fourth quarter. Access Financial Services Inc. now owns 6,178 shares of the business services provider’s stock valued at $1,243,000 after purchasing an additional 51 shares during the last quarter. Hantz Financial Services Inc. grew its position in Republic Services by 1.0% during the 3rd quarter. Hantz Financial Services Inc. now owns 5,099 shares of the business services provider’s stock worth $1,024,000 after purchasing an additional 52 shares during the period. Tower Wealth Partners Inc. lifted its holdings in shares of Republic Services by 3.3% in the 4th quarter. Tower Wealth Partners Inc. now owns 1,697 shares of the business services provider’s stock valued at $341,000 after buying an additional 54 shares during the period. Finally, Umpqua Bank boosted its stake in shares of Republic Services by 3.2% in the fourth quarter. Umpqua Bank now owns 1,808 shares of the business services provider’s stock worth $374,000 after buying an additional 56 shares during the last quarter. 57.73% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Republic Services

In other Republic Services news, COO Gregg Brummer sold 6,293 shares of the firm’s stock in a transaction on Wednesday, February 19th. The stock was 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 directly owns 10,416 shares of the company’s stock, valued at $2,376,931.20. This trade represents a 37.66 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on RSG. The Goldman Sachs Group lifted their price target on Republic Services from $239.00 to $265.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Jefferies Financial Group boosted their target price on shares of Republic Services from $235.00 to $244.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Royal Bank of Canada upgraded shares of Republic Services from a “sector perform” rating to an “outperform” rating and raised their price target for the company from $219.00 to $237.00 in a research report on Monday, January 6th. Truist Financial reiterated a “buy” rating and issued a $250.00 price objective (up previously from $244.00) on shares of Republic Services in a research report on Friday, February 14th. Finally, CIBC upgraded Republic Services from a “neutral” rating to a “sector outperform” rating and set a $264.00 price target for the company in a research note on Tuesday, March 4th. Five analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Republic Services has a consensus rating of “Moderate Buy” and a consensus target price of $236.88.

Republic Services Stock Down 0.6 %

NYSE RSG opened at $238.37 on Friday. Republic Services, Inc. has a one year low of $180.92 and a one year high of $241.09. 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 business has a fifty day moving average price of $227.72 and a 200 day moving average price of $213.75. The company has a market cap of $74.44 billion, a P/E ratio of 36.73, a P/E/G ratio of 3.64 and a beta of 0.73.

Republic Services (NYSE:RSG) last issued its earnings results on Thursday, February 13th. The business services provider reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.21. The business had revenue of $4.05 billion during the quarter, compared to analysts’ expectations of $4.08 billion. Republic Services had a net margin of 12.74% and a return on equity of 18.28%. During the same period in the prior year, the business earned $1.41 earnings per share. Research analysts anticipate that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.

Republic Services Announces Dividend

The business 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 $0.58 dividend. The ex-dividend date is Wednesday, April 2nd. This represents a $2.32 dividend on an annualized basis and a dividend yield of 0.97%. Republic Services’s dividend payout ratio (DPR) is presently 35.75%.

Republic Services 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.