1,738 Shares in Republic Services, Inc. (NYSE:RSG) Acquired by CreativeOne Wealth LLC

CreativeOne Wealth LLC purchased a new stake in Republic Services, Inc. (NYSE:RSG) in the 1st quarter, according to its most recent filing with the SEC. The fund purchased 1,738 shares of the business services provider’s stock, valued at approximately $333,000.

A number of other large investors also recently made changes to their positions in the business. Capital World Investors grew its holdings in Republic Services by 416.9% in the fourth quarter. Capital World Investors now owns 6,562,420 shares of the business services provider’s stock valued at $1,082,209,000 after purchasing an additional 5,292,862 shares during the period. Norges Bank purchased a new stake in shares of Republic Services during the 4th quarter valued at $358,837,000. TD Asset Management Inc increased its holdings in shares of Republic Services by 424.7% during the 1st quarter. TD Asset Management Inc now owns 1,722,107 shares of the business services provider’s stock worth $329,680,000 after buying an additional 1,393,918 shares during the last quarter. M&G Plc purchased a new position in shares of Republic Services in the 1st quarter worth $130,892,000. Finally, Corient Private Wealth LLC boosted its holdings in Republic Services by 136.5% in the fourth quarter. Corient Private Wealth LLC now owns 361,900 shares of the business services provider’s stock valued at $59,681,000 after acquiring an additional 208,902 shares during the last quarter. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Insider Transactions at Republic Services

In other news, Director Katharine Weymouth acquired 540 shares of the business’s stock in a transaction on Tuesday, June 4th. The shares were purchased at an average price of $185.26 per share, for a total transaction of $100,040.40. Following the completion of the purchase, the director now directly owns 540 shares of the company’s stock, valued at approximately $100,040.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CMO Amanda Hodges sold 6,500 shares of the firm’s stock in a transaction that occurred on 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 approximately $1,270,702.62. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Katharine Weymouth acquired 540 shares of the stock in a transaction that occurred on Tuesday, June 4th. The shares were bought at an average price of $185.26 per share, with a total value of $100,040.40. Following the completion of the purchase, the director now owns 540 shares in the company, valued at $100,040.40. The disclosure for this purchase can be found here. Insiders own 0.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on RSG shares. Royal Bank of Canada raised their price objective on Republic Services from $201.00 to $211.00 and gave the stock a “sector perform” rating in a report on Thursday. BMO Capital Markets lifted their price target on shares of Republic Services from $209.00 to $211.00 and gave the company a “market perform” rating in a research report on Thursday. Truist Financial raised shares of Republic Services from a “hold” rating to a “buy” rating and increased their price objective for the stock from $192.00 to $220.00 in a research report on Thursday, July 11th. Stifel Nicolaus lifted their target price on shares of Republic Services from $215.00 to $230.00 and gave the company a “buy” rating in a report on Thursday. Finally, CIBC upped their price target on shares of Republic Services from $196.00 to $208.00 and gave the stock a “neutral” rating in a research report on Thursday. Nine equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $211.69.

Republic Services Stock Up 0.5 %

Shares of NYSE:RSG traded up $0.96 during trading on Friday, hitting $190.30. The company’s stock had a trading volume of 1,860,641 shares, compared to its average volume of 1,380,696. The company has a market capitalization of $59.93 billion, a PE ratio of 33.39, a PEG ratio of 3.14 and a beta of 0.69. Republic Services, Inc. has a fifty-two week low of $140.23 and a fifty-two week high of $206.54. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.53 and a current ratio of 0.59. The stock’s 50-day moving average price is $192.24 and its two-hundred day moving average price is $185.85.

Republic Services (NYSE:RSG) last announced its earnings results on Tuesday, April 30th. The business services provider reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.10. Republic Services had a return on equity of 17.81% and a net margin of 12.11%. The company had revenue of $3.86 billion for the quarter, compared to analyst estimates of $3.89 billion. During the same period in the prior year, the company posted $1.24 EPS. Republic Services’s quarterly revenue was up 7.8% on a year-over-year basis. As a group, sell-side analysts expect that Republic Services, Inc. will post 6.18 EPS for the current year.

Republic Services Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Wednesday, October 2nd will be issued a dividend of $0.58 per share. This is a positive change from Republic Services’s previous quarterly dividend of $0.54. This represents a $2.32 annualized dividend and a yield of 1.22%. The ex-dividend date is Wednesday, October 2nd. Republic Services’s dividend payout ratio (DPR) is currently 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.