Republic Services, Inc. (NYSE:RSG) Shares Acquired by Savant Capital LLC

Savant Capital LLC grew its stake in Republic Services, Inc. (NYSE:RSG) by 8.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 32,109 shares of the business services provider’s stock after buying an additional 2,533 shares during the quarter. Savant Capital LLC’s holdings in Republic Services were worth $6,460,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. FSA Wealth Management LLC acquired a new position in Republic Services in the 3rd quarter worth about $25,000. Wolff Wiese Magana LLC raised its holdings in Republic Services by 351.6% in 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. acquired a new position in Republic Services in the 3rd quarter worth about $31,000. R Squared Ltd acquired a new position in Republic Services in the 4th quarter worth about $32,000. Finally, Truvestments Capital LLC acquired a new position in Republic Services in the 3rd quarter worth about $34,000. Institutional investors and hedge funds own 57.73% of the company’s stock.

Republic Services Trading Up 0.4 %

Shares of Republic Services stock opened at $221.92 on Tuesday. The firm has a market capitalization of $69.50 billion, a price-to-earnings ratio of 35.51, a PEG ratio of 3.24 and a beta of 0.74. Republic Services, Inc. has a fifty-two week low of $171.06 and a fifty-two week high of $223.43. 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 of $210.01 and a 200 day moving average of $206.36.

Republic Services Announces Dividend

The firm also recently disclosed 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 of this dividend is Wednesday, April 2nd. This represents a $2.32 annualized dividend and a yield of 1.05%. Republic Services’s payout ratio is 37.12%.

Insider Buying and Selling

In related news, CFO Brian M. Delghiaccio sold 5,071 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $210.02, for a total value of $1,065,011.42. Following the completion of the transaction, the chief financial officer now directly owns 6,318 shares in the company, valued at approximately $1,326,906.36. This represents a 44.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Katharine Weymouth sold 1,859 shares of the company’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $215.27, for a total value of $400,186.93. Following the transaction, the director now owns 879 shares in the company, valued at $189,222.33. This trade represents a 67.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

RSG has been the subject of a number of analyst reports. CIBC upped their price target on Republic Services from $217.00 to $227.00 and gave the stock a “neutral” rating in a report on Wednesday, December 4th. Royal Bank of Canada upgraded Republic Services from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from $219.00 to $237.00 in a research note on Monday, January 6th. Truist Financial boosted their price objective on Republic Services from $220.00 to $244.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft upgraded Republic Services from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $219.00 to $237.00 in a research note on Tuesday, December 10th. Finally, Morgan Stanley boosted their price objective on Republic Services from $217.00 to $220.00 and gave the stock 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 given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $224.38.

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.