Republic Services, Inc. (NYSE:RSG) Shares Sold by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL lessened its holdings in Republic Services, Inc. (NYSE:RSGFree Report) by 2.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 593,366 shares of the business services provider’s stock after selling 14,416 shares during the period. Republic Services comprises approximately 1.0% of Gamco Investors INC. ET AL’s portfolio, making the stock its 16th biggest position. Gamco Investors INC. ET AL owned about 0.19% of Republic Services worth $97,852,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bogart Wealth LLC bought a new stake in Republic Services during the fourth quarter valued at about $30,000. Turtle Creek Wealth Advisors LLC bought a new position in Republic Services during the fourth quarter worth $34,000. Catalyst Capital Advisors LLC bought a new stake in Republic Services in the 3rd quarter valued at $36,000. Jones Financial Companies Lllp grew its position in Republic Services by 3,014.3% in the 4th quarter. Jones Financial Companies Lllp now owns 218 shares of the business services provider’s stock worth $36,000 after purchasing an additional 211 shares during the last quarter. Finally, BKM Wealth Management LLC bought a new position in shares of Republic Services during the 4th quarter worth about $37,000. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Oppenheimer boosted their price target on Republic Services from $202.00 to $204.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. Royal Bank of Canada initiated coverage on shares of Republic Services in a research note on Monday, April 8th. They set a “sector perform” rating and a $198.00 price target on the stock. Citigroup raised their price objective on shares of Republic Services from $190.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, February 29th. Truist Financial upped their target price on shares of Republic Services from $175.00 to $192.00 and gave the company a “hold” rating in a research note on Wednesday, February 28th. Finally, BMO Capital Markets raised their price target on shares of Republic Services from $173.00 to $195.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 28th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $201.14.

Get Our Latest Stock Report on Republic Services

Republic Services Stock Up 0.0 %

RSG traded up $0.04 during trading on Thursday, reaching $187.31. The company had a trading volume of 370,590 shares, compared to its average volume of 1,183,950. The company has a market cap of $58.99 billion, a P/E ratio of 32.73, a PEG ratio of 3.15 and a beta of 0.68. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.53 and a quick ratio of 0.53. Republic Services, Inc. has a 12 month low of $140.23 and a 12 month high of $196.76. The business’s fifty day moving average price is $187.82 and its 200 day moving average price is $178.68.

Republic Services (NYSE:RSGGet Free Report) last issued its quarterly earnings results on Tuesday, April 30th. The business services provider reported $1.45 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 company had revenue of $3.86 billion for the quarter, compared to analyst estimates of $3.89 billion. During the same period in the previous year, the company posted $1.24 earnings per share. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. Equities analysts anticipate that Republic Services, Inc. will post 6.05 EPS for the current year.

Republic Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Tuesday, July 2nd will be paid 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 1.14%. Republic Services’s dividend payout ratio is 37.54%.

Insiders Place Their Bets

In other news, Director Katharine Weymouth bought 540 shares of the firm’s stock in a transaction that occurred on Tuesday, June 4th. The stock was acquired at an average cost of $185.26 per share, with a total value of $100,040.40. Following the completion of the purchase, the director now owns 540 shares of the company’s stock, valued at $100,040.40. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Republic Services news, Director Katharine Weymouth purchased 540 shares of Republic Services stock in a transaction that occurred on Tuesday, June 4th. The stock was acquired at an average price of $185.26 per share, for a total transaction of $100,040.40. Following the completion of the acquisition, the director now owns 540 shares of the company’s stock, valued at approximately $100,040.40. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CMO Amanda Hodges sold 6,500 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $186.02, for a total value of $1,209,130.00. Following the completion of the sale, the chief marketing officer now 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 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.

See Also

Institutional Ownership by Quarter for Republic Services (NYSE:RSG)

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