Republic Services, Inc. (NYSE:RSG) Shares Sold by Kentucky Retirement Systems

Kentucky Retirement Systems reduced its position in shares of Republic Services, Inc. (NYSE:RSG) by 1.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,029 shares of the business services provider’s stock after selling 193 shares during the period. Kentucky Retirement Systems’ holdings in Republic Services were worth $2,822,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. raised its stake in Republic Services by 37.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,682 shares of the business services provider’s stock valued at $3,586,000 after purchasing an additional 4,827 shares during the last quarter. TCW Group Inc. raised its position in shares of Republic Services by 13.0% in the third quarter. TCW Group Inc. now owns 114,582 shares of the business services provider’s stock valued at $23,013,000 after buying an additional 13,138 shares during the last quarter. Avanza Fonder AB purchased a new position in shares of Republic Services in the fourth quarter worth about $4,430,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Republic Services during the third quarter worth about $6,102,000. Finally, Lifeworks Advisors LLC grew its stake in Republic Services by 1,112.3% during the 3rd quarter. Lifeworks Advisors LLC now owns 21,469 shares of the business services provider’s stock valued at $4,312,000 after acquiring an additional 19,698 shares in the last quarter. Institutional investors and hedge funds own 57.73% of the company’s stock.

Insider Buying and Selling

In other Republic Services news, Director Katharine Weymouth sold 1,859 shares of the company’s 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 sale, the director now owns 879 shares in the company, valued at $189,222.33. This represents a 67.90 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Gregg Brummer sold 6,293 shares of Republic Services stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $228.20, for a total value of $1,436,062.60. Following the completion of the transaction, the chief operating officer now owns 10,416 shares of the company’s stock, 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. 0.09% of the stock is owned by insiders.

Wall Street Analyst Weigh In

RSG has been the topic of several recent research reports. Jefferies Financial Group boosted their target price on Republic Services from $235.00 to $244.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Morgan Stanley boosted their price objective on Republic Services from $220.00 to $230.00 and gave the stock an “equal weight” rating in a research note on Friday, February 14th. Truist Financial reaffirmed a “buy” rating and issued a $250.00 target price (up from $244.00) on shares of Republic Services in a research note on Friday, February 14th. William Blair reissued an “outperform” rating on shares of Republic Services in a research report on Friday, February 14th. Finally, UBS Group raised their price objective on shares of Republic Services from $212.00 to $240.00 and gave the stock a “neutral” rating in a research report on Wednesday. Six analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Republic Services presently has a consensus rating of “Moderate Buy” and an average price target of $231.75.

Republic Services Stock Down 0.1 %

Shares of NYSE RSG opened at $230.73 on Friday. Republic Services, Inc. has a 52-week low of $180.91 and a 52-week high of $232.52. The business’s 50 day moving average is $212.87 and its two-hundred day moving average is $208.51. The firm has a market cap of $72.05 billion, a price-to-earnings ratio of 35.55, a PEG ratio of 3.62 and a beta of 0.74. The company has a quick ratio of 0.64, a current ratio of 0.58 and a debt-to-equity ratio of 1.04.

Republic Services (NYSE:RSG) last posted its earnings results on Thursday, February 13th. The business services provider reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.21. The firm had revenue of $4.05 billion for the quarter, compared to analyst estimates of $4.08 billion. Republic Services had a return on equity of 18.28% and a net margin of 12.74%. During the same quarter in the prior year, the company earned $1.41 EPS. Research analysts predict that Republic Services, Inc. will post 6.86 EPS for the current year.

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 issued a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date is Wednesday, April 2nd. Republic Services’s dividend payout ratio (DPR) is currently 35.75%.

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.