Republic Services, Inc. (NYSE:RSG) Shares Sold by Guyasuta Investment Advisors Inc.

Guyasuta Investment Advisors Inc. reduced its stake in Republic Services, Inc. (NYSE:RSG) by 0.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 341,417 shares of the business services provider’s stock after selling 2,306 shares during the quarter. Republic Services accounts for 4.3% of Guyasuta Investment Advisors Inc.’s portfolio, making the stock its 4th biggest position. Guyasuta Investment Advisors Inc.’s holdings in Republic Services were worth $68,686,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Creative Planning raised its holdings in shares of Republic Services by 8.1% during the third quarter. Creative Planning now owns 31,447 shares of the business services provider’s stock valued at $6,316,000 after buying an additional 2,360 shares during the last quarter. Wolff Wiese Magana LLC raised its holdings in shares of Republic Services by 351.6% during the third quarter. Wolff Wiese Magana LLC now owns 140 shares of the business services provider’s stock valued at $28,000 after buying an additional 109 shares during the last quarter. Good Life Advisors LLC raised its holdings in shares of Republic Services by 12.3% during the third quarter. Good Life Advisors LLC now owns 1,207 shares of the business services provider’s stock valued at $242,000 after buying an additional 132 shares during the last quarter. Buffington Mohr McNeal raised its holdings in shares of Republic Services by 8.3% during the third quarter. Buffington Mohr McNeal now owns 40,306 shares of the business services provider’s stock valued at $8,095,000 after buying an additional 3,091 shares during the last quarter. Finally, Bleakley Financial Group LLC raised its holdings in shares of Republic Services by 30.6% during the third quarter. Bleakley Financial Group LLC now owns 6,878 shares of the business services provider’s stock valued at $1,381,000 after buying an additional 1,611 shares during the last quarter. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

RSG has been the topic of several recent analyst reports. Jefferies Financial Group boosted their target price on Republic Services from $235.00 to $244.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. William Blair reaffirmed an “outperform” rating on shares of Republic Services in a report on Friday. Truist Financial reaffirmed a “buy” rating and issued a $250.00 price target (up previously from $244.00) on shares of Republic Services in a report on Friday. Oppenheimer upped their price target on Republic Services from $219.00 to $220.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Republic Services from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $219.00 to $237.00 in a research report on Tuesday, December 10th. Six research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Republic Services currently has an average rating of “Moderate Buy” and a consensus price target of $225.38.

Republic Services Stock Up 2.9 %

RSG stock opened at $230.98 on Friday. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.64 and a quick ratio of 0.64. Republic Services, Inc. has a 52-week low of $177.03 and a 52-week high of $232.52. The company has a 50-day moving average of $210.65 and a two-hundred day moving average of $207.06. The stock has a market capitalization of $72.33 billion, a price-to-earnings ratio of 36.96, a price-to-earnings-growth ratio of 3.24 and a beta of 0.74.

Republic Services (NYSE:RSG) last released its quarterly earnings results on Thursday, February 13th. The business services provider reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.21. Republic Services had a net margin of 12.46% and a return on equity of 18.18%. During the same quarter in the previous year, the business earned $1.41 earnings per share. As a group, equities research analysts anticipate that Republic Services, Inc. will post 6.25 EPS for the current year.

Republic Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Wednesday, April 2nd will be paid a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 1.00%. The ex-dividend date is Wednesday, April 2nd. Republic Services’s payout ratio is presently 37.12%.

Insider Activity at Republic Services

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

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.