Charles Schwab Investment Management Inc. Sells 778 Shares of Republic Services, Inc. (NYSE:RSG)

Charles Schwab Investment Management Inc. trimmed its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 0.1% during the fourth quarter, Holdings Channel.com reports. The fund owned 1,220,264 shares of the business services provider’s stock after selling 778 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Republic Services were worth $201,234,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in RSG. Schechter Investment Advisors LLC lifted its holdings in Republic Services by 19.4% during the 3rd quarter. Schechter Investment Advisors LLC now owns 2,791 shares of the business services provider’s stock worth $398,000 after buying an additional 453 shares during the period. abrdn plc increased its position in shares of Republic Services by 64.1% during the fourth quarter. abrdn plc now owns 96,531 shares of the business services provider’s stock worth $15,919,000 after acquiring an additional 37,690 shares in the last quarter. Axxcess Wealth Management LLC increased its position in shares of Republic Services by 183.4% during the fourth quarter. Axxcess Wealth Management LLC now owns 8,075 shares of the business services provider’s stock worth $1,332,000 after acquiring an additional 5,226 shares in the last quarter. First Financial Corp IN boosted its holdings 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 during the last quarter. Finally, SG Americas Securities LLC grew its position in shares of Republic Services by 217.7% during the 4th quarter. SG Americas Securities LLC now owns 76,038 shares of the business services provider’s stock valued at $12,539,000 after acquiring an additional 52,104 shares during the period. Institutional investors and hedge funds own 57.73% of the company’s stock.

Insider Transactions at Republic Services

In other Republic Services news, CMO Amanda Hodges sold 6,500 shares of the firm’s 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 completion of the transaction, the chief marketing officer now owns 6,831 shares of the company’s stock, valued at approximately $1,270,702.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CMO Amanda Hodges sold 6,500 shares of the business’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $186.02, for a total transaction of $1,209,130.00. Following the transaction, the chief marketing officer now directly owns 6,831 shares in the company, valued at $1,270,702.62. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Ark Jon Vander sold 5,446 shares of the 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 disclosure for this sale can be found here. Insiders own 0.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Morgan Stanley downgraded shares of Republic Services from an “overweight” rating to an “equal weight” rating and set a $199.00 price objective for the company. in a report on Friday, March 15th. Wells Fargo & Company boosted their price target on shares of Republic Services from $180.00 to $188.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 6th. Jefferies Financial Group lifted their price target on Republic Services from $213.00 to $225.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. UBS Group boosted their price objective on shares of Republic Services from $195.00 to $200.00 and gave the company a “neutral” rating in a research report on Wednesday, May 1st. Finally, BMO Capital Markets raised their price target on Republic Services from $173.00 to $195.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 28th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $201.00.

Republic Services Trading Up 0.4 %

Shares of RSG opened at $188.13 on Friday. The company has a 50 day simple moving average of $188.16 and a two-hundred day simple moving average of $172.97. Republic Services, Inc. has a 1 year low of $140.07 and a 1 year high of $196.76. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.53 and a quick ratio of 0.53. The firm has a market cap of $59.25 billion, a P/E ratio of 33.01, a price-to-earnings-growth ratio of 3.22 and a beta of 0.67.

Republic Services (NYSE:RSG) last issued its quarterly 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. The business had revenue of $3.86 billion for the quarter, compared to the consensus estimate of $3.89 billion. Republic Services had a return on equity of 17.56% and a net margin of 11.81%. The business’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.24 earnings per share. On average, equities analysts expect that Republic Services, Inc. will post 6.05 earnings per share for the current fiscal year.

Republic Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Tuesday, July 2nd will be issued a $0.535 dividend. The ex-dividend date is Tuesday, July 2nd. This represents a $2.14 dividend on an annualized basis and a yield of 1.14%. 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.