Trust Co. of Vermont Sells 100 Shares of Republic Services, Inc. (NYSE:RSG)

Trust Co. of Vermont decreased its position in Republic Services, Inc. (NYSE:RSG) by 8.1% in the fourth quarter, Holdings Channel reports. The firm owned 1,139 shares of the business services provider’s stock after selling 100 shares during the period. Trust Co. of Vermont’s holdings in Republic Services were worth $229,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. TCW Group Inc. lifted its position in shares of Republic Services by 13.0% during the third quarter. TCW Group Inc. now owns 114,582 shares of the business services provider’s stock valued at $23,013,000 after buying an additional 13,138 shares during the last quarter. Avanza Fonder AB purchased a new position in shares of Republic Services during the fourth quarter worth $4,430,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Republic Services during the 3rd quarter valued at about $6,102,000. Lifeworks Advisors LLC raised its position in Republic Services by 1,112.3% during the third quarter. Lifeworks Advisors LLC now owns 21,469 shares of the business services provider’s stock valued at $4,312,000 after acquiring an additional 19,698 shares in the last quarter. Finally, Pallas Capital Advisors LLC acquired a new position in Republic Services in the fourth quarter valued at approximately $204,000. 57.73% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Republic Services news, CFO Brian M. Delghiaccio sold 5,071 shares of the company’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $210.02, for a total value of $1,065,011.42. Following the transaction, the chief financial officer now owns 6,318 shares of the company’s stock, valued at $1,326,906.36. This represents a 44.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Katharine Weymouth sold 1,859 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $215.27, for a total transaction of $400,186.93. Following the completion of the sale, the director now directly owns 879 shares in the company, valued at $189,222.33. This trade represents a 67.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by company insiders.

Republic Services Price Performance

NYSE:RSG opened at $213.85 on Monday. Republic Services, Inc. has a one year low of $165.99 and a one year high of $220.58. The stock has a market cap of $66.97 billion, a PE ratio of 34.22, a P/E/G ratio of 2.98 and a beta of 0.73. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.64 and a current ratio of 0.64. The stock has a 50 day moving average price of $209.27 and a 200 day moving average price of $204.52.

Republic Services (NYSE:RSG) last posted its quarterly earnings results on Tuesday, October 29th. The business services provider reported $1.81 EPS for the quarter, topping the consensus estimate of $1.61 by $0.20. Republic Services had a return on equity of 18.18% and a net margin of 12.46%. The business had revenue of $4.08 billion for the quarter, compared to analyst estimates of $4.12 billion. During the same quarter in the previous year, the firm earned $1.54 EPS. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. Equities research analysts expect that Republic Services, Inc. will post 6.25 EPS for the current fiscal year.

Republic Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd were given a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 1.08%. The ex-dividend date of this dividend was Thursday, January 2nd. Republic Services’s payout ratio is presently 37.12%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Truist Financial raised their price objective on shares of Republic Services from $220.00 to $244.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft upgraded shares of Republic Services from a “hold” rating to a “buy” rating and upped their price objective for the stock from $219.00 to $237.00 in a research report on Tuesday, December 10th. Oppenheimer lifted their price target on Republic Services from $219.00 to $220.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. William Blair assumed coverage on Republic Services in a research report on Thursday, October 3rd. They set an “outperform” rating on the stock. Finally, CIBC boosted their price objective on Republic Services from $217.00 to $227.00 and gave the company a “neutral” rating in a research report on Wednesday, December 4th. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $221.12.

Republic Services 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.