Livforsakringsbolaget Skandia Omsesidigt Raises Holdings in Republic Services, Inc. (NYSE:RSG)

Livforsakringsbolaget Skandia Omsesidigt raised its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 67.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 601 shares of the business services provider’s stock after purchasing an additional 243 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Republic Services were worth $99,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. FinTrust Capital Advisors LLC boosted its stake in Republic Services by 56.3% during the 3rd quarter. FinTrust Capital Advisors LLC now owns 197 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 71 shares during the last quarter. Turtle Creek Wealth Advisors LLC purchased a new position in Republic Services during the fourth quarter valued at $34,000. BKM Wealth Management LLC purchased a new position in Republic Services during the fourth quarter valued at $37,000. Bruce G. Allen Investments LLC bought a new stake in Republic Services during the fourth quarter valued at about $41,000. Finally, Strategic Investment Solutions Inc. IL bought a new stake in Republic Services during the first quarter valued at about $34,000. 57.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on RSG shares. UBS Group cut Republic Services from a “buy” rating to a “neutral” rating and raised their price target for the company from $175.00 to $195.00 in a report on Thursday, February 29th. Morgan Stanley cut Republic Services from an “overweight” rating to an “equal weight” rating and set a $199.00 target price on the stock. in a report on Friday, March 15th. Citigroup lifted their target price on Republic Services from $190.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, February 29th. 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. Finally, Scotiabank assumed coverage on Republic Services in a research note on Monday, April 8th. They set a “sector perform” rating and a $211.00 price objective on the stock. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $199.77.

Republic Services Stock Down 0.0 %

Shares of NYSE RSG opened at $188.94 on Friday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.56 and a current ratio of 0.56. The firm has a market capitalization of $59.51 billion, a price-to-earnings ratio of 34.54, a PEG ratio of 3.30 and a beta of 0.68. The stock has a 50 day moving average price of $185.57 and a 200 day moving average price of $168.49. Republic Services, Inc. has a 52-week low of $135.33 and a 52-week high of $192.57.

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

Republic Services Announces Dividend

The firm 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 yield of 1.13%. The ex-dividend date of this dividend was Monday, April 1st. Republic Services’s dividend payout ratio (DPR) is 39.12%.

Insider Buying and Selling

In other news, CEO Ark Jon Vander sold 5,446 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $184.10, for a total transaction of $1,002,608.60. Following the transaction, the chief executive officer now directly 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 the SEC website. 0.09% of the stock is currently owned by insiders.

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.