Republic Services, Inc. (NYSE:RSG) Stock Holdings Decreased by New York State Common Retirement Fund

New York State Common Retirement Fund lowered its stake in Republic Services, Inc. (NYSE:RSG) by 2.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 437,705 shares of the business services provider’s stock after selling 11,897 shares during the period. New York State Common Retirement Fund’s holdings in Republic Services were worth $88,057,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. grew its position in Republic Services by 37.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,682 shares of the business services provider’s stock worth $3,586,000 after purchasing an additional 4,827 shares during the last quarter. TCW Group Inc. grew its position in Republic Services by 13.0% in the 3rd quarter. TCW Group Inc. now owns 114,582 shares of the business services provider’s stock worth $23,013,000 after purchasing an additional 13,138 shares during the last quarter. Avanza Fonder AB bought a new position in Republic Services in the 4th quarter worth about $4,430,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in Republic Services in the 3rd quarter worth about $6,102,000. Finally, Lifeworks Advisors LLC grew its position in Republic Services by 1,112.3% in the 3rd quarter. Lifeworks Advisors LLC now owns 21,469 shares of the business services provider’s stock worth $4,312,000 after purchasing an additional 19,698 shares during the last quarter. Institutional investors own 57.73% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on RSG. Deutsche Bank Aktiengesellschaft upgraded shares of Republic Services from a “hold” rating to a “buy” rating and upped their target price for the stock from $219.00 to $237.00 in a research report on Tuesday, December 10th. Truist Financial restated a “buy” rating and issued a $250.00 target price (up previously from $244.00) on shares of Republic Services in a research report on Friday, February 14th. The Goldman Sachs Group upped their price target on shares of Republic Services from $239.00 to $265.00 and gave the stock a “buy” rating in a research note on Tuesday. Stifel Nicolaus upped their price target on shares of Republic Services from $240.00 to $257.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, Morgan Stanley upped their price target on shares of Republic Services from $220.00 to $230.00 and gave the stock an “equal weight” rating in a research note on Friday, February 14th. Six research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $231.75.

Republic Services Stock Up 0.5 %

RSG stock opened at $229.59 on Thursday. Republic Services, Inc. has a 52-week low of $179.62 and a 52-week high of $232.52. The company’s 50 day simple moving average is $212.03 and its 200-day simple moving average is $208.11. 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 firm has a market capitalization of $71.90 billion, a P/E ratio of 35.38, a P/E/G ratio of 3.33 and a beta of 0.74.

Republic Services (NYSE:RSG) last released its quarterly earnings results on Thursday, February 13th. The business services provider reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.21. The business had revenue of $4.05 billion for the quarter, compared to analyst estimates of $4.08 billion. Republic Services had a net margin of 12.74% and a return on equity of 18.28%. During the same quarter in the previous year, the business earned $1.41 earnings per share. As a group, equities research analysts anticipate that Republic Services, Inc. will post 6.89 EPS for the current year.

Republic Services Announces Dividend

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

Insider Buying and Selling at Republic Services

In other Republic Services news, Director Katharine Weymouth sold 1,859 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $215.27, for a total value of $400,186.93. Following the transaction, the director now owns 879 shares in the company, valued at approximately $189,222.33. This represents a 67.90 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.09% of the company’s stock.

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.