Republic Services, Inc. (NYSE:RSG) Stake Boosted by EULAV Asset Management

EULAV Asset Management grew its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 41.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 390,458 shares of the business services provider’s stock after purchasing an additional 115,000 shares during the period. Republic Services accounts for 1.9% of EULAV Asset Management’s portfolio, making the stock its 12th biggest position. EULAV Asset Management owned approximately 0.12% of Republic Services worth $78,552,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of RSG. Wellington Management Group LLP lifted its holdings in Republic Services by 23.2% in the third quarter. Wellington Management Group LLP now owns 6,004,199 shares of the business services provider’s stock worth $1,205,883,000 after acquiring an additional 1,131,850 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Republic Services by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 4,507,521 shares of the business services provider’s stock worth $903,316,000 after purchasing an additional 73,207 shares during the last quarter. Nordea Investment Management AB boosted its position in Republic Services by 19.4% during the 4th quarter. Nordea Investment Management AB now owns 3,129,322 shares of the business services provider’s stock valued at $626,553,000 after purchasing an additional 509,116 shares during the period. Allspring Global Investments Holdings LLC increased its position in Republic Services by 2.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,520,738 shares of the business services provider’s stock worth $506,265,000 after buying an additional 57,040 shares during the period. Finally, Stifel Financial Corp boosted its holdings in shares of Republic Services by 437.9% during the third quarter. Stifel Financial Corp now owns 1,814,613 shares of the business services provider’s stock valued at $364,449,000 after acquiring an additional 1,477,255 shares during the period. 57.73% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, 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 value of $400,186.93. Following the completion of the sale, the director now directly owns 879 shares of the company’s stock, valued at approximately $189,222.33. This represents a 67.90 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Brian M. Delghiaccio sold 5,071 shares of Republic Services 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 transaction, the chief financial officer now directly owns 6,318 shares in the company, valued at approximately $1,326,906.36. This trade represents a 44.53 % decrease in their position. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by company insiders.

Analyst Ratings Changes

RSG has been the topic of a number of analyst reports. Jefferies Financial Group increased their price objective on shares of Republic Services from $235.00 to $244.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Truist Financial lifted their price target on Republic Services from $220.00 to $244.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Royal Bank of Canada upgraded Republic Services from a “sector perform” rating to an “outperform” rating and raised their target price for the company from $219.00 to $237.00 in a research report on Monday, January 6th. Deutsche Bank Aktiengesellschaft upgraded Republic Services from a “hold” rating to a “buy” rating and boosted their price target for the stock from $219.00 to $237.00 in a research report on Tuesday, December 10th. Finally, Morgan Stanley lifted their price objective on shares of Republic Services from $217.00 to $220.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $224.38.

Republic Services Trading Down 0.3 %

Republic Services stock opened at $220.91 on Friday. Republic Services, Inc. has a 1 year low of $171.06 and a 1 year high of $222.65. The firm’s 50 day moving average price is $209.96 and its two-hundred day moving average price is $206.15. The firm has a market cap of $69.18 billion, a price-to-earnings ratio of 35.35, a price-to-earnings-growth ratio of 3.24 and a beta of 0.74. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.64 and a current ratio of 0.64.

Republic Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Wednesday, April 2nd will be given a $0.58 dividend. The ex-dividend date is Wednesday, April 2nd. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.05%. Republic Services’s dividend payout ratio (DPR) is 37.12%.

Republic Services Company 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.