Republic Services, Inc. (NYSE:RSG) Shares Sold by Norden Group LLC

Norden Group LLC decreased its stake in shares of Republic Services, Inc. (NYSE:RSG) by 19.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 3,380 shares of the business services provider’s stock after selling 799 shares during the quarter. Norden Group LLC’s holdings in Republic Services were worth $557,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Schechter Investment Advisors LLC raised its holdings in Republic Services by 19.4% in the 3rd quarter. Schechter Investment Advisors LLC now owns 2,791 shares of the business services provider’s stock valued at $398,000 after buying an additional 453 shares during the period. abrdn plc increased its holdings in Republic Services by 64.1% in the 4th quarter. abrdn plc now owns 96,531 shares of the business services provider’s stock valued at $15,919,000 after purchasing an additional 37,690 shares during the last quarter. First Financial Corp IN lifted its stake in Republic Services by 4.7% during the fourth quarter. First Financial Corp IN now owns 2,858 shares of the business services provider’s stock worth $471,000 after purchasing an additional 128 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of Republic Services by 217.7% during the fourth quarter. SG Americas Securities LLC now owns 76,038 shares of the business services provider’s stock worth $12,539,000 after buying an additional 52,104 shares during the period. Finally, Robeco Schweiz AG lifted its stake in Republic Services by 65.9% during the 3rd quarter. Robeco Schweiz AG now owns 34,500 shares of the business services provider’s stock worth $4,917,000 after acquiring an additional 13,700 shares in the last quarter. Institutional investors and hedge funds own 57.73% of the company’s stock.

Republic Services Price Performance

RSG stock opened at $191.70 on Wednesday. The business has a 50 day simple moving average of $187.85 and a 200-day simple moving average of $171.47. The company has a market capitalization of $60.38 billion, a P/E ratio of 35.05, a PEG ratio of 3.38 and a beta of 0.68. Republic Services, Inc. has a twelve month low of $140.07 and a twelve month high of $196.76. 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 earnings results 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 business had revenue of $3.86 billion during the quarter, compared to analysts’ expectations of $3.89 billion. Republic Services had a net margin of 11.57% and a return on equity of 17.32%. The business’s revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.24 earnings per share. As a group, equities analysts anticipate that Republic Services, Inc. will post 6.01 EPS for the current year.

Republic Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Tuesday, July 2nd will be issued a dividend of $0.535 per share. This represents a $2.14 annualized dividend and a dividend yield of 1.12%. The ex-dividend date is Tuesday, July 2nd. Republic Services’s dividend payout ratio is presently 39.12%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on RSG. Royal Bank of Canada initiated coverage on shares of Republic Services in a research report on Monday, April 8th. They set a “sector perform” rating and a $198.00 price target on the stock. 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 report on Wednesday, February 28th. Wells Fargo & Company upped their price target on Republic Services from $180.00 to $188.00 and gave the stock an “overweight” rating in a report on Tuesday, February 6th. Citigroup lifted their price objective on Republic Services from $190.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, February 29th. Finally, Jefferies Financial Group increased their price objective 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. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $199.77.

Insider Activity at Republic Services

In other Republic Services news, CEO Ark Jon Vander sold 5,446 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $184.10, for a total value of $1,002,608.60. Following the completion of the sale, the chief executive officer now owns 85,113 shares of the company’s stock, valued at $15,669,303.30. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.09% of the stock is currently owned by insiders.

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.