1 week Ago By ABMN Staff
Versant Capital Management Inc increased its position in Republic Services, Inc. ( NYSE:RSG – Free Report ) by 1.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC).
The firm owned 9,929 shares of the business services provider’s stock after buying an additional 153 shares during the period. Versant Capital Management Inc’s holdings in Republic Services were worth $1,998,000 at the end of the most recent reporting period. A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company.
Simmons Bank raised its holdings in Republic Services by 2.8% during the third quarter. Simmons Bank now owns 1,895 shares of the business services provider’s stock worth $381,000 after buying an additional 51 shares during the last quarter.
Hantz Financial Services Inc. increased its position in shares of Republic Services by 1.0% during the third quarter.
Hantz Financial Services Inc. now owns 5,099 shares of the business services provider’s stock worth $1,024,000 after acquiring an additional 52 shares in the last quarter. Venturi Wealth Management LLC raised its holdings in shares of Republic Services by 16.
5% in the 3rd quarter. Venturi Wealth Management LLC now owns 382 shares of the business services provider’s stock worth $77,000 after acquiring an additional 54 shares during the last quarter. Fidelis Capital Partners LLC boosted its stake in Republic Services by 3.
8% during the 3rd quarter. Fidelis Capital Partners LLC now owns 1,520 shares of the business services provider’s stock valued at $310,000 after purchasing an additional 55 shares during the last quarter. Finally, First Horizon Advisors Inc.
increased its holdings in Republic Services by 11.6% during the 3rd quarter. First Horizon Advisors Inc.
now owns 529 shares of the business services provider’s stock worth $106,000 after purchasing an additional 55 shares in the last quarter. 57.73% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades Several research analysts recently issued reports on the company. Scotiabank started coverage on Republic Services in a research report on Friday, October 4th. They set a “sector perform” rating and a $224.
00 target price on the stock. Truist Financial upped their target price on shares of Republic Services from $220.00 to $244.
00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Morgan Stanley raised their price target on shares of Republic Services from $217.00 to $220.
00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. Royal Bank of Canada increased their price objective on shares of Republic Services from $211.00 to $219.
00 and gave the company a “sector perform” rating in a research note on Wednesday, October 30th. Finally, Deutsche Bank Aktiengesellschaft upgraded Republic Services from a “hold” rating to a “buy” rating and boosted their target price for the stock from $219.00 to $237.
00 in a research note on Tuesday, December 10th. Seven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.
com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $220.06. Republic Services Stock Performance NYSE:RSG opened at $200.
09 on Friday. Republic Services, Inc. has a 52-week low of $162.
27 and a 52-week high of $220.58. The business’s fifty day moving average is $208.
35 and its 200 day moving average is $203.39. The company has a debt-to-equity ratio of 1.
07, a quick ratio of 0.64 and a current ratio of 0.64.
The firm has a market cap of $62.66 billion, a price-to-earnings ratio of 32.01, a PEG ratio of 3.
30 and a beta of 0.71. Republic Services ( NYSE:RSG – Get Free Report ) last announced its quarterly earnings results on Tuesday, October 29th.
The business services provider reported $1.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.61 by $0.
20. The firm had revenue of $4.08 billion for the quarter, compared to the consensus estimate of $4.
12 billion. Republic Services had a net margin of 12.46% and a return on equity of 18.
18%. The company’s revenue for the quarter was up 6.5% on a year-over-year basis.
During the same period in the prior year, the firm posted $1.54 earnings per share. Research analysts predict that Republic Services, Inc.
will post 6.25 EPS for the current year. Republic Services Dividend Announcement The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th.
Stockholders of record on Thursday, January 2nd will be issued a $0.58 dividend. The ex-dividend date of this dividend is Thursday, January 2nd.
This represents a $2.32 annualized dividend and a dividend yield of 1.16%.
Republic Services’s payout ratio is currently 37.12%. Insider Activity at Republic Services In related news, Director Katharine Weymouth sold 1,859 shares of the stock in a transaction on Thursday, December 5th.
The stock was 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 of the company’s stock, valued at $189,222.33. This represents a 67.
90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website . Also, CFO Brian M.
Delghiaccio sold 5,071 shares of Republic Services stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $210.02, for a total value of $1,065,011.
42. Following the sale, the chief financial officer now directly owns 6,318 shares of the company’s stock, valued at approximately $1,326,906.36.
This trade represents a 44.53 % decrease in their position. The disclosure for this sale can be found here .
0.09% of the stock is owned by corporate insiders. Republic Services Company Profile ( Free Report ) 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. Recommended Stories Want to see what other hedge funds are holding RSG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Republic Services, Inc.
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