Republic Services, Inc. (NYSE:RSG) Stock Holdings Decreased by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. lowered its stake in Republic Services, Inc. (NYSE:RSG) by 0.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 81,794 shares of the business services provider’s stock after selling 254 shares during the period. Royal London Asset Management Ltd.’s holdings in Republic Services were worth $16,455,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. FSA Wealth Management LLC bought a new stake in shares of Republic Services during the 3rd quarter valued at about $25,000. Arcadia Investment Management Corp MI grew its position in shares of Republic Services by 200.0% during the 4th quarter. Arcadia Investment Management Corp MI now owns 132 shares of the business services provider’s stock valued at $27,000 after buying an additional 88 shares during the last quarter. R Squared Ltd bought a new stake in shares of Republic Services during the 4th quarter valued at about $32,000. Truvestments Capital LLC acquired a new position in Republic Services during the 3rd quarter valued at about $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.

Republic Services Stock Down 0.8 %

RSG stock opened at $232.95 on Friday. Republic Services, Inc. has a 12 month low of $180.92 and a 12 month high of $240.95. The firm has a market cap of $72.75 billion, a PE ratio of 35.89, a P/E/G ratio of 3.64 and a beta of 0.73. The firm has a 50 day simple moving average of $224.90 and a 200 day simple moving average of $212.66. 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 released its earnings results on Thursday, February 13th. The business services provider reported $1.58 EPS for the quarter, beating the consensus estimate of $1.37 by $0.21. Republic Services had a net margin of 12.74% and a return on equity of 18.28%. 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 prior year, the business earned $1.41 earnings per share. Equities research analysts forecast that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.

Republic Services Announces Dividend

The company also recently declared 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 1.00%. Republic Services’s dividend payout ratio (DPR) is presently 35.75%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on RSG. 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. Deutsche Bank Aktiengesellschaft raised shares of Republic Services from a “hold” rating to a “buy” rating and boosted their target price for the company from $219.00 to $237.00 in a research note on Tuesday, December 10th. Truist Financial reissued a “buy” rating and set a $250.00 target price (up from $244.00) on shares of Republic Services in a research note on Friday, February 14th. Morgan Stanley boosted their target price on shares of Republic Services from $220.00 to $230.00 and gave the company an “equal weight” rating in a research note on Friday, February 14th. Finally, Royal Bank of Canada raised shares of Republic Services from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from $219.00 to $237.00 in a research note on Monday, January 6th. Five investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $236.88.

Insider Activity at Republic Services

In related news, COO Gregg Brummer sold 6,293 shares of the company’s stock in a transaction that occurred on Wednesday, February 19th. The shares were 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 owns 10,416 shares in the company, valued at approximately $2,376,931.20. This represents a 37.66 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.09% of the stock is owned by 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.