Republic Services, Inc. (NYSE:RSG) Shares Sold by Roman Butler Fullerton & Co.

Roman Butler Fullerton & Co. lowered its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 6.1% during the 4th quarter, Holdings Channel reports. The fund owned 4,675 shares of the business services provider’s stock after selling 304 shares during the period. Roman Butler Fullerton & Co.’s holdings in Republic Services were worth $801,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. FinTrust Capital Advisors LLC raised its holdings in Republic Services by 56.3% during the third quarter. FinTrust Capital Advisors LLC now owns 197 shares of the business services provider’s stock worth $28,000 after purchasing an additional 71 shares in the last quarter. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Republic Services in the 4th quarter valued at $34,000. Strategic Investment Solutions Inc. IL purchased a new position in Republic Services in the 1st quarter worth about $34,000. Millburn Ridgefield Corp acquired a new stake in Republic Services during the 3rd quarter worth about $36,000. Finally, Catalyst Capital Advisors LLC purchased a new stake in Republic Services during the third quarter valued at about $36,000. Institutional investors and hedge funds own 57.73% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on RSG. Morgan Stanley lowered shares of Republic Services from an “overweight” rating to an “equal weight” rating and set a $199.00 price target on the stock. in a report on Friday, March 15th. Truist Financial boosted their target price on shares of Republic Services from $175.00 to $192.00 and gave the company a “hold” rating in a research note on Wednesday, February 28th. Citigroup lifted their price target on Republic Services from $190.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, February 29th. UBS Group downgraded Republic Services from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $175.00 to $195.00 in a research note on Thursday, February 29th. Finally, Oppenheimer lifted their target price on Republic Services from $182.00 to $195.00 and gave the company an “outperform” rating in a research note on Wednesday, February 28th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $199.77.

Republic Services Stock Up 0.2 %

NYSE RSG traded up $0.29 during trading on Thursday, reaching $189.24. The company’s stock had a trading volume of 130,540 shares, compared to its average volume of 1,176,734. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 1.13. The stock has a market capitalization of $59.61 billion, a PE ratio of 34.54, a PEG ratio of 3.28 and a beta of 0.68. Republic Services, Inc. has a 1-year low of $135.33 and a 1-year high of $192.57. The business has a 50-day moving average price of $185.28 and a 200-day moving average price of $168.34.

Republic Services (NYSE:RSG) last released its quarterly earnings data on Tuesday, February 27th. The business services provider reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.13. Republic Services had a net margin of 11.57% and a return on equity of 17.32%. The business had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.73 billion. During the same quarter in the previous year, the business earned $1.13 EPS. Republic Services’s quarterly revenue was up 8.6% compared to the same quarter last year. On average, research analysts forecast that Republic Services, Inc. will post 6.01 earnings per share for the current fiscal year.

Republic Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Tuesday, April 2nd were paid a $0.535 dividend. This represents a $2.14 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date of this dividend was Monday, April 1st. Republic Services’s payout ratio is 39.12%.

Insiders Place Their Bets

In other news, CEO Ark Jon Vander sold 5,446 shares of Republic Services stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 85,113 shares of the company’s stock, valued at $15,669,303.30. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.09% of the company’s stock.

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.