UniSuper Management Pty Ltd Purchases 5,877 Shares of Republic Services, Inc. (NYSE:RSG)

UniSuper Management Pty Ltd lifted its position in Republic Services, Inc. (NYSE:RSG) by 292.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,887 shares of the business services provider’s stock after acquiring an additional 5,877 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Republic Services were worth $1,510,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Capital Advisors Ltd. LLC raised its holdings in shares of Republic Services by 2.9% in the 1st quarter. Capital Advisors Ltd. LLC now owns 1,903 shares of the business services provider’s stock valued at $364,000 after purchasing an additional 54 shares in the last quarter. Raleigh Capital Management Inc. lifted its stake in shares of Republic Services by 19.8% in the 4th quarter. Raleigh Capital Management Inc. now owns 357 shares of the business services provider’s stock valued at $59,000 after purchasing an additional 59 shares during the period. ETF Store Inc. raised its position in Republic Services by 3.5% during the first quarter. ETF Store Inc. now owns 1,743 shares of the business services provider’s stock worth $334,000 after acquiring an additional 59 shares during the period. Scotia Capital Inc. raised its position in Republic Services by 2.4% during the fourth quarter. Scotia Capital Inc. now owns 2,708 shares of the business services provider’s stock worth $447,000 after acquiring an additional 64 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its position in Republic Services by 0.3% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 25,150 shares of the business services provider’s stock worth $4,147,000 after acquiring an additional 66 shares during the period. Institutional investors own 57.73% of the company’s stock.

Insider Transactions at Republic Services

In related news, Director Katharine Weymouth purchased 540 shares of the stock in a transaction dated Tuesday, June 4th. The shares were acquired at an average cost of $185.26 per share, with a total value of $100,040.40. Following the purchase, the director now directly owns 540 shares in the company, valued at approximately $100,040.40. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Republic Services news, Director Katharine Weymouth acquired 540 shares of the firm’s stock in a transaction that occurred on Tuesday, June 4th. The shares were acquired at an average cost of $185.26 per share, for a total transaction of $100,040.40. Following the transaction, the director now directly owns 540 shares of the company’s stock, valued at $100,040.40. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CMO Amanda Hodges sold 6,500 shares of the company’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 completion of the transaction, the chief marketing officer now owns 6,831 shares in the company, valued at $1,270,702.62. The disclosure for this sale can be found here. Corporate insiders own 0.09% of the company’s stock.

Republic Services Stock Performance

RSG traded down $6.04 during trading on Tuesday, hitting $199.04. The stock had a trading volume of 2,080,845 shares, compared to its average volume of 1,194,680. 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 firm has a market capitalization of $62.68 billion, a P/E ratio of 34.92, a PEG ratio of 3.45 and a beta of 0.69. The company’s 50-day moving average price is $191.92 and its 200 day moving average price is $185.55. Republic Services, Inc. has a twelve month low of $140.23 and a twelve month high of $206.54.

Republic Services (NYSE:RSG) last announced its quarterly earnings data on Tuesday, April 30th. The business services provider reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.10. The company had revenue of $3.86 billion for the quarter, compared to analysts’ expectations of $3.89 billion. Republic Services had a net margin of 11.81% and a return on equity of 17.56%. Republic Services’s revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.24 EPS. On average, equities research analysts forecast that Republic Services, Inc. will post 6.05 EPS for the current fiscal year.

Republic Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Tuesday, July 2nd were paid a $0.535 dividend. The ex-dividend date of this dividend was Tuesday, July 2nd. This represents a $2.14 annualized dividend and a yield of 1.08%. Republic Services’s dividend payout ratio is currently 37.54%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on RSG. StockNews.com raised shares of Republic Services from a “buy” rating to a “strong-buy” rating in a report on Tuesday, July 16th. Truist Financial upgraded shares of Republic Services from a “hold” rating to a “buy” rating and lifted their price target for the company from $192.00 to $220.00 in a research report on Thursday, July 11th. Royal Bank of Canada started coverage on shares of Republic Services in a research note on Monday, April 8th. They issued a “sector perform” rating and a $198.00 price objective for the company. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Republic Services in a research note on Thursday, May 23rd. They issued a “hold” rating and a $203.00 price target for the company. Finally, The Goldman Sachs Group boosted their price objective on shares of Republic Services from $209.00 to $230.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Seven equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Republic Services presently has a consensus rating of “Moderate Buy” and an average target price of $206.46.

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.