Blue Barn Wealth LLC Buys Shares of 1,314 Republic Services, Inc. (NYSE:RSG)

Blue Barn Wealth LLC acquired a new position in Republic Services, Inc. (NYSE:RSG) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 1,314 shares of the business services provider’s stock, valued at approximately $217,000.

Several other hedge funds have also recently bought and sold shares of RSG. JPMorgan Chase & Co. boosted its position in shares of Republic Services by 0.7% during the third quarter. JPMorgan Chase & Co. now owns 6,658,978 shares of the business services provider’s stock worth $948,971,000 after buying an additional 44,512 shares during the period. Morgan Stanley grew its holdings in Republic Services by 4.1% during the third quarter. Morgan Stanley now owns 5,054,359 shares of the business services provider’s stock worth $720,297,000 after acquiring an additional 197,654 shares during the period. Nordea Investment Management AB lifted its holdings in Republic Services by 2.9% in the 3rd quarter. Nordea Investment Management AB now owns 3,790,052 shares of the business services provider’s stock valued at $547,473,000 after acquiring an additional 107,499 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Republic Services by 0.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,727,719 shares of the business services provider’s stock valued at $531,237,000 after purchasing an additional 13,166 shares in the last quarter. Finally, Northern Trust Corp grew its stake in shares of Republic Services by 4.8% in the 3rd quarter. Northern Trust Corp now owns 2,376,009 shares of the business services provider’s stock worth $338,605,000 after purchasing an additional 109,437 shares during the last quarter. 57.73% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CMO Amanda Hodges sold 6,500 shares of Republic Services stock in a transaction dated Monday, May 6th. The stock was 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 owns 6,831 shares of the company’s stock, valued at $1,270,702.62. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CEO Ark Jon Vander sold 5,446 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was 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 of the company’s stock, valued at approximately $15,669,303.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CMO Amanda Hodges sold 6,500 shares of the firm’s stock in a transaction on 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 of the company’s stock, valued at approximately $1,270,702.62. The disclosure for this sale can be found here. Insiders own 0.09% of the company’s stock.

Analyst Ratings Changes

RSG has been the subject of a number of recent research reports. Truist Financial increased their price objective on Republic Services from $175.00 to $192.00 and gave the company a “hold” rating in a research report on Wednesday, February 28th. The Goldman Sachs Group upped their price target on shares of Republic Services from $209.00 to $230.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Morgan Stanley downgraded shares of Republic Services from an “overweight” rating to an “equal weight” rating and set a $199.00 target price on the stock. in a research note on Friday, March 15th. BMO Capital Markets lifted their target price on shares of Republic Services from $173.00 to $195.00 and gave the company a “market perform” rating in a research note on Wednesday, February 28th. Finally, Oppenheimer lifted their target price on shares of Republic Services from $202.00 to $204.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $201.00.

Republic Services Trading Down 0.7 %

RSG stock traded down $1.23 during midday trading on Wednesday, hitting $187.33. 1,474,168 shares of the company’s stock were exchanged, compared to its average volume of 1,256,528. Republic Services, Inc. has a one year low of $140.07 and a one year high of $196.76. The stock’s fifty day moving average price is $188.14 and its 200-day moving average price is $172.87. The company has a market cap of $59.00 billion, a PE ratio of 33.08, a price-to-earnings-growth ratio of 3.22 and a beta of 0.67. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.53 and a current ratio of 0.53.

Republic Services (NYSE:RSG) last posted its earnings results on Tuesday, April 30th. The business services provider reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.10. Republic Services had a return on equity of 17.56% and a net margin of 11.81%. The business had revenue of $3.86 billion during the quarter, compared to analysts’ expectations of $3.89 billion. During the same period in the prior year, the business earned $1.24 EPS. Republic Services’s revenue for the quarter was up 7.8% compared to the same quarter last year. Research analysts predict that Republic Services, Inc. will post 6.05 earnings per share for the current fiscal year.

Republic Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Tuesday, July 2nd will be paid a $0.535 dividend. This represents a $2.14 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend is Tuesday, July 2nd. Republic Services’s payout ratio is 37.54%.

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.