Sachetta LLC Invests $69,000 in Republic Services, Inc. (NYSE:RSG)

Sachetta LLC bought a new stake in Republic Services, Inc. (NYSE:RSG) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 418 shares of the business services provider’s stock, valued at approximately $69,000.

A number of other large investors have also bought and sold shares of RSG. Schechter Investment Advisors LLC increased its stake in shares of Republic Services by 19.4% in the third quarter. Schechter Investment Advisors LLC now owns 2,791 shares of the business services provider’s stock valued at $398,000 after buying an additional 453 shares in the last quarter. abrdn plc lifted its position in shares of Republic Services by 64.1% during the fourth quarter. abrdn plc now owns 96,531 shares of the business services provider’s stock worth $15,919,000 after purchasing an additional 37,690 shares in the last quarter. Axxcess Wealth Management LLC grew its stake in shares of Republic Services by 183.4% during the fourth quarter. Axxcess Wealth Management LLC now owns 8,075 shares of the business services provider’s stock valued at $1,332,000 after purchasing an additional 5,226 shares during the last quarter. First Financial Corp IN raised its position in Republic Services by 4.7% in the 4th quarter. First Financial Corp IN now owns 2,858 shares of the business services provider’s stock worth $471,000 after purchasing an additional 128 shares during the last quarter. Finally, SG Americas Securities LLC lifted its holdings in Republic Services by 217.7% during the 4th quarter. SG Americas Securities LLC now owns 76,038 shares of the business services provider’s stock worth $12,539,000 after buying an additional 52,104 shares in the last quarter. 57.73% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on RSG shares. UBS Group upped their price target on Republic Services from $195.00 to $200.00 and gave the company a “neutral” rating in a research note on Wednesday, May 1st. Citigroup lifted their price objective on Republic Services from $190.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, February 29th. Truist Financial raised their price target on shares of Republic Services from $175.00 to $192.00 and gave the stock a “hold” rating in a research note on Wednesday, February 28th. BMO Capital Markets boosted their price target on Republic Services from $173.00 to $195.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 28th. Finally, Morgan Stanley cut shares of Republic Services from an “overweight” rating to an “equal weight” rating and set a $199.00 price objective for the company. in a research report on Friday, March 15th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $201.00.

Insiders Place Their Bets

In other news, CMO Amanda Hodges sold 6,500 shares of the 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 completion of the transaction, the chief marketing officer now directly owns 6,831 shares in the company, valued at approximately $1,270,702.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Ark Jon Vander sold 5,446 shares of the firm’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $184.10, for a total transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 completion of the sale, the chief marketing officer now directly owns 6,831 shares in the company, valued at approximately $1,270,702.62. The disclosure for this sale can be found here. Insiders own 0.09% of the company’s stock.

Republic Services Trading Up 0.3 %

Shares of RSG stock opened at $186.48 on Wednesday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.53 and a current ratio of 0.53. Republic Services, Inc. has a fifty-two week low of $140.07 and a fifty-two week high of $196.76. The company has a market cap of $58.73 billion, a PE ratio of 32.72, a P/E/G ratio of 3.00 and a beta of 0.67. The stock’s fifty day moving average price is $188.78 and its two-hundred day moving average price is $175.68.

Republic Services (NYSE:RSG) last released its earnings results on Tuesday, April 30th. The business services provider reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.10. Republic Services had a return on equity of 17.56% and a net margin of 11.81%. The firm had revenue of $3.86 billion for the quarter, compared to analysts’ expectations of $3.89 billion. During the same quarter in the previous year, the business posted $1.24 earnings per share. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. Equities analysts predict that Republic Services, Inc. will post 6.05 EPS for the current fiscal year.

Republic Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Tuesday, July 2nd will be given a $0.535 dividend. The ex-dividend date of this dividend is Tuesday, July 2nd. This represents a $2.14 dividend on an annualized basis and a yield of 1.15%. Republic Services’s dividend payout ratio is currently 37.54%.

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.