Telos Capital Management Inc. Sells 680 Shares of Republic Services, Inc. (NYSE:RSG)

Telos Capital Management Inc. decreased its stake in shares of Republic Services, Inc. (NYSE:RSG) by 1.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,184 shares of the business services provider’s stock after selling 680 shares during the quarter. Telos Capital Management Inc.’s holdings in Republic Services were worth $6,132,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in RSG. D.A. Davidson & CO. purchased a new stake in shares of Republic Services in the first quarter valued at approximately $203,000. Synovus Financial Corp raised its holdings in shares of Republic Services by 1.9% in the first quarter. Synovus Financial Corp now owns 14,255 shares of the business services provider’s stock valued at $1,890,000 after acquiring an additional 260 shares in the last quarter. Vontobel Holding Ltd. grew its holdings in Republic Services by 34.6% during the 1st quarter. Vontobel Holding Ltd. now owns 3,885 shares of the business services provider’s stock worth $523,000 after acquiring an additional 998 shares in the last quarter. Blair William & Co. IL increased its position in Republic Services by 1.6% during the 1st quarter. Blair William & Co. IL now owns 31,162 shares of the business services provider’s stock valued at $4,129,000 after purchasing an additional 495 shares during the period. Finally, Moors & Cabot Inc. raised its holdings in shares of Republic Services by 2.9% in the 1st quarter. Moors & Cabot Inc. now owns 6,726 shares of the business services provider’s stock valued at $891,000 after purchasing an additional 187 shares in the last quarter. 57.73% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

RSG has been the topic of several research reports. Citigroup lifted their price objective on shares of Republic Services from $190.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, February 29th. Jefferies Financial Group upped their price objective on Republic Services from $213.00 to $225.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. Truist Financial increased their price target on Republic Services from $175.00 to $192.00 and gave the company a “hold” rating in a research note on Wednesday, February 28th. Scotiabank began coverage on Republic Services in a report on Monday, April 8th. They set a “sector perform” rating and a $211.00 target price on the stock. Finally, Royal Bank of Canada assumed coverage on Republic Services in a research report on Monday, April 8th. They set a “sector perform” rating and a $198.00 target price on the stock. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Republic Services currently has an average rating of “Moderate Buy” and a consensus target price of $199.77.

Republic Services Price Performance

Shares of RSG traded up $1.04 during mid-day trading on Wednesday, reaching $188.52. 897,743 shares of the company’s stock were exchanged, compared to its average volume of 1,183,438. The company has a 50-day simple moving average of $185.00 and a two-hundred day simple moving average of $168.20. The company has a market cap of $59.38 billion, a price-to-earnings ratio of 34.27, a PEG ratio of 3.27 and a beta of 0.68. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 1.13. Republic Services, Inc. has a 52-week low of $135.33 and a 52-week high of $192.57.

Republic Services (NYSE:RSG) last released its earnings results on Tuesday, February 27th. The business services provider reported $1.41 EPS for the quarter, beating the consensus estimate 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%. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.13 earnings per share. On average, sell-side analysts predict that Republic Services, Inc. will post 6.01 EPS for the current fiscal year.

Republic Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Tuesday, April 2nd were paid a $0.535 dividend. The ex-dividend date was Monday, April 1st. This represents a $2.14 dividend on an annualized basis and a dividend yield of 1.14%. Republic Services’s dividend payout ratio (DPR) is currently 39.12%.

Insider Activity

In related news, CEO Ark Jon Vander sold 5,446 shares of the stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $184.10, for a total value of $1,002,608.60. Following the completion of the transaction, the chief executive officer now owns 85,113 shares of the company’s stock, valued at $15,669,303.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.09% of the company’s stock.

Republic Services 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.