Republic Services, Inc. (NYSE:RSG) Shares Sold by SeaTown Holdings Pte. Ltd.

SeaTown Holdings Pte. Ltd. lowered its position in Republic Services, Inc. (NYSE:RSG) by 44.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 29,680 shares of the business services provider’s stock after selling 23,300 shares during the period. Republic Services makes up approximately 4.1% of SeaTown Holdings Pte. Ltd.’s investment portfolio, making the stock its 13th largest holding. SeaTown Holdings Pte. Ltd.’s holdings in Republic Services were worth $5,971,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. FSA Wealth Management LLC purchased a new stake in shares of Republic Services in the third quarter worth about $25,000. Wolff Wiese Magana LLC grew its stake in shares of Republic Services by 351.6% during the 3rd quarter. Wolff Wiese Magana LLC now owns 140 shares of the business services provider’s stock worth $28,000 after purchasing an additional 109 shares during the period. Webster Bank N. A. purchased a new position in shares of Republic Services during the 3rd quarter valued at approximately $31,000. Truvestments Capital LLC acquired a new position in shares of Republic Services in the 3rd quarter valued at $34,000. Finally, Itau Unibanco Holding S.A. acquired a new stake in Republic Services during the second quarter valued at $36,000. 57.73% of the stock is owned by hedge funds and other institutional investors.

Republic Services Price Performance

NYSE:RSG opened at $213.85 on Friday. Republic Services, Inc. has a one year low of $165.99 and a one year high of $220.58. The stock has a market cap of $66.97 billion, a PE ratio of 34.22, a P/E/G ratio of 2.98 and a beta of 0.73. 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 stock has a 50 day moving average price of $209.27 and a 200 day moving average price of $204.44.

Republic Services (NYSE:RSG) last posted its quarterly earnings results on Tuesday, October 29th. The business services provider reported $1.81 EPS for the quarter, topping the consensus estimate of $1.61 by $0.20. Republic Services had a return on equity of 18.18% and a net margin of 12.46%. The business had revenue of $4.08 billion for the quarter, compared to analyst estimates of $4.12 billion. During the same quarter in the previous year, the firm earned $1.54 EPS. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. Equities research analysts expect that Republic Services, Inc. will post 6.25 EPS for the current fiscal year.

Republic Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd were issued a dividend of $0.58 per share. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.08%. Republic Services’s dividend payout ratio is currently 37.12%.

Insider Activity at Republic Services

In related news, CFO Brian M. Delghiaccio sold 5,071 shares of the business’s stock in a transaction dated Tuesday, November 19th. The shares were 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 in the company, valued at approximately $1,326,906.36. The trade was a 44.53 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Katharine Weymouth sold 1,859 shares of the stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $215.27, for a total transaction of $400,186.93. Following the transaction, the director now directly owns 879 shares of the company’s stock, valued at approximately $189,222.33. This trade represents a 67.90 % decrease in their position. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on RSG. Royal Bank of Canada raised shares of Republic Services from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from $219.00 to $237.00 in a research note on Monday, January 6th. CIBC raised their price objective on Republic Services from $217.00 to $227.00 and gave the company a “neutral” rating in a report on Wednesday, December 4th. Truist Financial upped their target price on Republic Services from $220.00 to $244.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. William Blair initiated coverage on shares of Republic Services in a report on Thursday, October 3rd. They issued an “outperform” rating for the company. Finally, Oppenheimer increased their price objective on shares of Republic Services from $219.00 to $220.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, Republic Services currently has an average rating of “Moderate Buy” and an average price target of $221.12.

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.