Avior Wealth Management LLC Has $1.26 Million Stock Position in Republic Services, Inc. (NYSE:RSG)

Avior Wealth Management LLC trimmed its position in Republic Services, Inc. (NYSE:RSG) by 2.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 7,666 shares of the business services provider’s stock after selling 167 shares during the period. Avior Wealth Management LLC’s holdings in Republic Services were worth $1,264,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in RSG. Norges Bank acquired a new stake in shares of Republic Services during the fourth quarter worth approximately $258,032,000. JPMorgan Chase & Co. boosted its holdings in shares of Republic Services by 40.8% during the first quarter. JPMorgan Chase & Co. now owns 6,180,535 shares of the business services provider’s stock worth $835,731,000 after purchasing an additional 1,791,149 shares during the period. Magellan Asset Management Ltd boosted its holdings in shares of Republic Services by 1,497,159.0% during the third quarter. Magellan Asset Management Ltd now owns 913,328 shares of the business services provider’s stock worth $130,158,000 after purchasing an additional 913,267 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Republic Services by 59.3% during the second quarter. Goldman Sachs Group Inc. now owns 2,317,702 shares of the business services provider’s stock worth $355,002,000 after purchasing an additional 862,917 shares during the period. Finally, FMR LLC boosted its holdings in shares of Republic Services by 34.4% during the third quarter. FMR LLC now owns 2,202,405 shares of the business services provider’s stock worth $313,865,000 after purchasing an additional 563,761 shares during the period. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

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

Republic Services Trading Up 0.1 %

Shares of RSG stock opened at $187.47 on Wednesday. Republic Services, Inc. has a 1 year low of $135.33 and a 1 year high of $192.57. The firm’s fifty day simple moving average is $185.00 and its 200 day simple moving average is $168.20. The firm has a market capitalization of $59.05 billion, a P/E ratio of 34.27, a price-to-earnings-growth ratio of 3.27 and a beta of 0.68. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 1.13.

Republic Services (NYSE:RSG) last announced its quarterly earnings results on Tuesday, February 27th. The business services provider reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.13. The firm 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 business’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.13 EPS. As a group, sell-side analysts predict that Republic Services, Inc. will post 6.01 EPS for the current year.

Republic Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Tuesday, April 2nd were issued a $0.535 dividend. This represents a $2.14 annualized dividend and a yield of 1.14%. The ex-dividend date was Monday, April 1st. Republic Services’s dividend payout ratio (DPR) is presently 39.12%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on RSG shares. Truist Financial lifted their target price on shares of Republic Services from $175.00 to $192.00 and gave the company a “hold” rating in a research note on Wednesday, February 28th. Oppenheimer lifted their price target on shares of Republic Services from $182.00 to $195.00 and gave the company an “outperform” rating in a research report on Wednesday, February 28th. Jefferies Financial Group lifted their price target on shares of Republic Services from $213.00 to $225.00 and gave the company a “buy” rating in a research report on Monday, March 18th. Citigroup lifted their price target on shares of Republic Services from $190.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, February 29th. Finally, Wells Fargo & Company lifted their price target on shares of Republic Services from $180.00 to $188.00 and gave the company an “overweight” rating in a research report on Tuesday, February 6th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $199.77.

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.