Alpine Woods Capital Investors LLC Invests $1.72 Million in Republic Services, Inc. (NYSE:RSG)

Alpine Woods Capital Investors LLC purchased a new stake in Republic Services, Inc. (NYSE:RSG) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 10,425 shares of the business services provider’s stock, valued at approximately $1,719,000.

A number of other institutional investors also recently made changes to their positions in RSG. FinTrust Capital Advisors LLC increased its holdings in shares of Republic Services by 56.3% during the third quarter. FinTrust Capital Advisors LLC now owns 197 shares of the business services provider’s stock worth $28,000 after purchasing an additional 71 shares during the period. BKM Wealth Management LLC acquired a new position in Republic Services in the 4th quarter valued at $37,000. Bruce G. Allen Investments LLC bought a new stake in shares of Republic Services during the 4th quarter valued at $41,000. Strategic Investment Solutions Inc. IL bought a new position in shares of Republic Services in the first quarter worth $34,000. Finally, Millburn Ridgefield Corp acquired a new position in Republic Services in the third quarter valued at about $36,000. Institutional investors own 57.73% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on RSG shares. Citigroup raised their target price on shares of Republic Services from $190.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, February 29th. Oppenheimer upped their target price on Republic Services from $182.00 to $195.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 28th. Truist Financial lifted their price target on Republic Services from $175.00 to $192.00 and gave the company a “hold” rating in a research note on Wednesday, February 28th. Royal Bank of Canada upped their price objective on Republic Services from $166.00 to $199.00 and gave the stock a “sector perform” rating in a research report on Wednesday, February 28th. Finally, BMO Capital Markets lifted their target price on Republic Services from $173.00 to $195.00 and gave the company a “market perform” rating in a research report on Wednesday, February 28th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $197.17.

Insider Activity at Republic Services

In related news, CEO Ark Jon Vander sold 5,446 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $184.10, for a total transaction of $1,002,608.60. Following the transaction, the chief executive officer now directly owns 85,113 shares in the company, valued at $15,669,303.30. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.09% of the stock is currently owned by insiders.

Republic Services Stock Up 0.9 %

RSG stock traded up $1.62 during midday trading on Friday, reaching $188.40. 712,098 shares of the company’s stock traded hands, compared to its average volume of 1,138,404. Republic Services, Inc. has a 52 week low of $133.81 and a 52 week high of $192.57. The company has a market cap of $59.27 billion, a price-to-earnings ratio of 34.44, a P/E/G ratio of 3.27 and a beta of 0.68. The firm’s fifty day moving average price is $182.82 and its 200-day moving average price is $165.85. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 1.13.

Republic Services (NYSE:RSG) last posted its earnings results on Tuesday, February 27th. The business services provider reported $1.41 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.13. The company had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.73 billion. Republic Services had a net margin of 11.57% and a return on equity of 17.32%. The firm’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.13 EPS. As a group, sell-side analysts forecast that Republic Services, Inc. will post 6 earnings per share for the current fiscal year.

Republic Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Tuesday, April 2nd will be issued a dividend of $0.535 per share. The ex-dividend date of this dividend is Monday, April 1st. This represents a $2.14 annualized dividend and a yield of 1.14%. Republic Services’s dividend payout ratio (DPR) is currently 39.12%.

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.