Corient Private Wealth LLC Grows Stock Position in Republic Services, Inc. (NYSE:RSG)

Corient Private Wealth LLC boosted its stake in shares of Republic Services, Inc. (NYSE:RSG) by 136.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 361,900 shares of the business services provider’s stock after buying an additional 208,902 shares during the period. Corient Private Wealth LLC’s holdings in Republic Services were worth $59,681,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bogart Wealth LLC purchased a new stake in Republic Services in the fourth quarter worth $30,000. Turtle Creek Wealth Advisors LLC acquired a new stake in Republic Services in the fourth quarter worth about $34,000. BKM Wealth Management LLC acquired a new stake in Republic Services in the fourth quarter worth about $37,000. Bruce G. Allen Investments LLC acquired a new stake in Republic Services in the fourth quarter worth about $41,000. Finally, Catalyst Capital Advisors LLC acquired a new stake in Republic Services in the third quarter worth about $36,000. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Republic Services Price Performance

Shares of NYSE:RSG traded up $0.06 during trading on Wednesday, reaching $186.54. The stock had a trading volume of 24,415 shares, compared to its average volume of 1,202,685. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.53 and a current ratio of 0.53. The business has a fifty day moving average price of $188.78 and a 200-day moving average price of $175.68. The stock has a market cap of $58.75 billion, a PE ratio of 32.72, a PEG ratio of 3.00 and a beta of 0.67. Republic Services, Inc. has a 1-year low of $140.07 and a 1-year high of $196.76.

Republic Services (NYSE:RSG) last issued its quarterly earnings results on Tuesday, April 30th. The business services provider reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.10. The firm had revenue of $3.86 billion for the quarter, compared to analyst estimates of $3.89 billion. Republic Services had a return on equity of 17.56% and a net margin of 11.81%. The business’s revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.24 earnings per share. On average, equities analysts forecast that Republic Services, Inc. will post 6.05 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 Monday, July 15th. Stockholders of record on Tuesday, July 2nd will be paid a $0.535 dividend. This represents a $2.14 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend is Tuesday, July 2nd. Republic Services’s dividend payout ratio is presently 37.54%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on RSG shares. 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. BMO Capital Markets lifted their target price on Republic Services from $173.00 to $195.00 and gave the stock a “market perform” rating in a report on Wednesday, February 28th. Jefferies Financial Group lifted their target price on Republic Services from $213.00 to $225.00 and gave the stock a “buy” rating in a report on Monday, March 18th. Royal Bank of Canada started coverage on Republic Services in a report on Monday, April 8th. They set a “sector perform” rating and a $198.00 target price for the company. Finally, UBS Group lifted their target price on Republic Services from $195.00 to $200.00 and gave the stock a “neutral” rating in a report on Wednesday, May 1st. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Republic Services presently has an average rating of “Moderate Buy” and an average target price of $201.00.

Insider Transactions at Republic Services

In other Republic Services news, CMO Amanda Hodges sold 6,500 shares of the business’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $186.02, for a total transaction of $1,209,130.00. Following the transaction, the chief marketing officer now owns 6,831 shares of the company’s stock, valued at $1,270,702.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CMO Amanda Hodges sold 6,500 shares of the company’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $186.02, for a total value of $1,209,130.00. Following the transaction, the chief marketing officer now owns 6,831 shares of the company’s stock, valued at approximately $1,270,702.62. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Ark Jon Vander sold 5,446 shares of the company’s stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 85,113 shares in the company, valued at approximately $15,669,303.30. The disclosure for this sale can be found here. Corporate 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.