Republic Services, Inc. (NYSE:RSG) Holdings Lifted by TCW Group Inc.

TCW Group Inc. boosted its position in shares of Republic Services, Inc. (NYSE:RSG) by 68.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 193,282 shares of the business services provider’s stock after buying an additional 78,700 shares during the quarter. TCW Group Inc. owned 0.06% of Republic Services worth $38,884,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. FSA Wealth Management LLC acquired a new position in shares of Republic Services in the 3rd quarter valued at $25,000. Arcadia Investment Management Corp MI boosted its position in shares of Republic Services by 200.0% in the 4th quarter. Arcadia Investment Management Corp MI now owns 132 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 88 shares during the period. R Squared Ltd acquired a new position in shares of Republic Services in the 4th quarter valued at $32,000. Truvestments Capital LLC acquired a new position in shares of Republic Services in the 3rd quarter valued at $34,000. Finally, Ashton Thomas Securities LLC acquired a new position in shares of Republic Services in the 3rd quarter valued at $39,000. Institutional investors own 57.73% of the company’s stock.

Insider Buying and Selling at Republic Services

In other Republic Services news, Director Katharine Weymouth sold 1,859 shares of the firm’s stock in a transaction that occurred 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 sale, the director now owns 879 shares of the company’s stock, valued at $189,222.33. This trade represents a 67.90 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, COO Gregg Brummer sold 6,293 shares of Republic Services stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $228.20, for a total value of $1,436,062.60. Following the sale, the chief operating officer now directly owns 10,416 shares in the company, valued at $2,376,931.20. The trade was a 37.66 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on RSG shares. William Blair reiterated an “outperform” rating on shares of Republic Services in a research report on Friday, February 14th. Truist Financial reissued a “buy” rating and issued a $250.00 price objective (up from $244.00) on shares of Republic Services in a research note on Friday, February 14th. Argus set a $260.00 price objective on Republic Services in a research note on Tuesday. The Goldman Sachs Group increased their price objective on Republic Services from $239.00 to $265.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Finally, Deutsche Bank Aktiengesellschaft raised Republic Services from a “hold” rating to a “buy” rating and increased their price objective for the stock from $219.00 to $237.00 in a research note on Tuesday, December 10th. Six investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $233.41.

Republic Services Stock Down 0.1 %

Shares of RSG stock opened at $230.73 on Friday. The stock’s 50 day simple moving average is $212.87 and its 200 day simple moving average is $208.60. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.64 and a current ratio of 0.58. Republic Services, Inc. has a twelve month low of $180.91 and a twelve month high of $232.52. The company has a market capitalization of $72.05 billion, a price-to-earnings ratio of 35.55, a PEG ratio of 3.64 and a beta of 0.74.

Republic Services (NYSE:RSG) last issued its quarterly earnings data on Thursday, February 13th. The business services provider reported $1.58 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.21. The business had revenue of $4.05 billion for the quarter, compared to the consensus estimate of $4.08 billion. Republic Services had a return on equity of 18.28% and a net margin of 12.74%. During the same period last year, the business earned $1.41 EPS. As a group, research analysts predict that Republic Services, Inc. will post 6.86 EPS for the current year.

Republic Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Wednesday, April 2nd will be issued a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend is Wednesday, April 2nd. Republic Services’s dividend payout ratio (DPR) is currently 35.75%.

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.