National Bank of Canada FI Lowers Stock Position in Republic Services, Inc. (NYSE:RSG)

National Bank of Canada FI reduced its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 0.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 108,225 shares of the business services provider’s stock after selling 416 shares during the period. National Bank of Canada FI’s holdings in Republic Services were worth $17,802,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of RSG. Commonwealth Equity Services LLC boosted its holdings in shares of Republic Services by 4.9% in the third quarter. Commonwealth Equity Services LLC now owns 32,257 shares of the business services provider’s stock valued at $4,597,000 after acquiring an additional 1,508 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Republic Services by 0.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 90,669 shares of the business services provider’s stock worth $12,921,000 after acquiring an additional 284 shares during the last quarter. IFM Investors Pty Ltd lifted its holdings in Republic Services by 4.3% in the 3rd quarter. IFM Investors Pty Ltd now owns 52,598 shares of the business services provider’s stock valued at $7,496,000 after purchasing an additional 2,183 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in Republic Services by 26.5% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 89,153 shares of the business services provider’s stock worth $12,705,000 after acquiring an additional 18,672 shares during the period. Finally, Advisor Partners II LLC lifted its position in Republic Services by 5.7% during the third quarter. Advisor Partners II LLC now owns 19,071 shares of the business services provider’s stock worth $2,718,000 after buying an additional 1,025 shares during the period. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Republic Services Stock Up 1.0 %

RSG opened at $188.56 on Wednesday. Republic Services, Inc. has a one year low of $140.07 and a one year high of $196.76. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.53 and a current ratio of 0.53. The company has a market capitalization of $59.38 billion, a PE ratio of 33.08, a P/E/G ratio of 3.22 and a beta of 0.67. The stock’s fifty day moving average is $188.14 and its 200-day moving average is $172.87.

Republic Services (NYSE:RSG) last issued its quarterly earnings results on Tuesday, April 30th. The business services provider reported $1.45 earnings per share 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 firm had revenue of $3.86 billion for the quarter, compared to analysts’ expectations of $3.89 billion. During the same quarter last year, the business posted $1.24 EPS. Republic Services’s revenue was up 7.8% on a year-over-year basis. On average, equities analysts predict that Republic Services, Inc. will post 6.05 EPS for the current fiscal year.

Republic Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Tuesday, July 2nd will be given a dividend of $0.535 per share. This represents a $2.14 annualized dividend and a yield of 1.13%. The ex-dividend date is Tuesday, July 2nd. Republic Services’s payout ratio is 37.54%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Truist Financial lifted their price objective on Republic Services from $175.00 to $192.00 and gave the company a “hold” rating in a research note on Wednesday, February 28th. Oppenheimer boosted their target price on shares of Republic Services from $202.00 to $204.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. Wells Fargo & Company raised their target price on shares of Republic Services from $180.00 to $188.00 and gave the stock an “overweight” rating in a report on Tuesday, February 6th. Scotiabank upped their target price on Republic Services from $211.00 to $213.00 and gave the company a “sector perform” rating in a report on Wednesday, May 1st. Finally, BMO Capital Markets boosted their price objective 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. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Republic Services currently has an average rating of “Moderate Buy” and a consensus target price of $201.00.

Insider Buying and Selling

In other Republic Services news, CEO Ark Jon Vander sold 5,446 shares of the company’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 85,113 shares in the company, valued at approximately $15,669,303.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, CMO Amanda Hodges sold 6,500 shares of Republic Services stock in a transaction that occurred 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 transaction, 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 legal filing with the SEC, which is available at the SEC website. Also, CEO Ark Jon Vander sold 5,446 shares of the business’s stock in a transaction 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 disclosure for this sale can be found here. Company insiders own 0.09% of the company’s stock.

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.