CreativeOne Wealth LLC Makes New Investment in Republic Services, Inc. (NYSE:RSG)

CreativeOne Wealth LLC acquired a new stake in shares of Republic Services, Inc. (NYSE:RSG) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,738 shares of the business services provider’s stock, valued at approximately $333,000.

Several other large investors also recently bought and sold shares of the stock. Pacer Advisors Inc. boosted its holdings in Republic Services by 189.6% in the fourth quarter. Pacer Advisors Inc. now owns 38,492 shares of the business services provider’s stock valued at $6,348,000 after purchasing an additional 25,200 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Republic Services by 16.3% in the fourth quarter. Assenagon Asset Management S.A. now owns 5,576 shares of the business services provider’s stock worth $920,000 after buying an additional 782 shares during the last quarter. PFG Investments LLC acquired a new stake in Republic Services during the fourth quarter worth about $343,000. Planned Solutions Inc. purchased a new position in Republic Services during the fourth quarter valued at approximately $49,000. Finally, WASHINGTON TRUST Co lifted its holdings in Republic Services by 4.5% in the fourth quarter. WASHINGTON TRUST Co now owns 1,620 shares of the business services provider’s stock valued at $267,000 after acquiring an additional 70 shares during the period. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Insider Transactions at Republic Services

In other news, Director Katharine Weymouth bought 540 shares of Republic Services stock in a transaction on Tuesday, June 4th. The shares were bought 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 directly owns 540 shares of the company’s stock, valued at $100,040.40. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CMO Amanda Hodges sold 6,500 shares of the business’s stock in a transaction dated 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 sale, the chief marketing officer now directly owns 6,831 shares in the company, valued at approximately $1,270,702.62. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Katharine Weymouth bought 540 shares of the stock in a transaction on Tuesday, June 4th. The shares were bought at an average cost of $185.26 per share, with a total value of $100,040.40. Following the purchase, the director now owns 540 shares of the company’s stock, valued at $100,040.40. The disclosure for this purchase can be found here. Insiders own 0.09% of the company’s stock.

Republic Services Price Performance

Shares of NYSE RSG traded up $0.96 during mid-day trading on Friday, reaching $190.30. The company’s stock had a trading volume of 1,860,641 shares, compared to its average volume of 1,380,696. The stock has a 50-day moving average of $192.24 and a two-hundred day moving average of $185.85. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.53 and a current ratio of 0.59. The stock has a market capitalization of $59.93 billion, a P/E ratio of 33.39, a P/E/G ratio of 3.14 and a beta of 0.69. Republic Services, Inc. has a 1-year low of $140.23 and a 1-year high of $206.54.

Republic Services (NYSE:RSG) last released its quarterly earnings data 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. The company had revenue of $3.86 billion during the quarter, compared to the consensus estimate of $3.89 billion. Republic Services had a net margin of 12.11% and a return on equity of 17.81%. Republic Services’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.24 EPS. On average, equities research analysts anticipate that Republic Services, Inc. will post 6.18 EPS for the current fiscal year.

Republic Services Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Wednesday, October 2nd will be issued a $0.58 dividend. This is a boost from Republic Services’s previous quarterly dividend of $0.54. This represents a $2.32 annualized dividend and a yield of 1.22%. The ex-dividend date is Wednesday, October 2nd. Republic Services’s dividend payout ratio is presently 37.54%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on RSG shares. Deutsche Bank Aktiengesellschaft began coverage on shares of Republic Services in a research note on Thursday, May 23rd. They set a “hold” rating and a $203.00 price objective on the stock. Robert W. Baird raised their price target on shares of Republic Services from $208.00 to $210.00 and gave the company a “neutral” rating in a research report on Thursday. Truist Financial upgraded Republic Services from a “hold” rating to a “buy” rating and raised their target price for the company from $192.00 to $220.00 in a research report on Thursday, July 11th. The Goldman Sachs Group increased their price target on Republic Services from $209.00 to $230.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Finally, CIBC boosted their price objective on Republic Services from $196.00 to $208.00 and gave the company a “neutral” rating in a research report on Thursday. Nine equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, Republic Services currently has a consensus rating of “Moderate Buy” and a consensus target price of $211.69.

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.