Compass Ion Advisors LLC Sells 255 Shares of Republic Services, Inc. (NYSE:RSG)

Compass Ion Advisors LLC reduced its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 19.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,053 shares of the business services provider’s stock after selling 255 shares during the quarter. Compass Ion Advisors LLC’s holdings in Republic Services were worth $212,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. FSA Wealth Management LLC acquired a new stake in shares of Republic Services in the 3rd quarter valued at approximately $25,000. Arcadia Investment Management Corp MI lifted its stake in Republic Services by 200.0% in the 4th quarter. Arcadia Investment Management Corp MI now owns 132 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 88 shares during the last quarter. R Squared Ltd acquired a new stake in Republic Services in the fourth quarter valued at approximately $32,000. Truvestments Capital LLC acquired a new position in shares of Republic Services during the third quarter worth $34,000. Finally, Generali Asset Management SPA SGR bought a new position in shares of Republic Services in the 4th quarter valued at $45,000. 57.73% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, COO Gregg Brummer sold 6,293 shares of the stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $228.20, for a total value of $1,436,062.60. Following the transaction, the chief operating officer now directly owns 10,416 shares in the company, valued at $2,376,931.20. This trade represents a 37.66 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Cibc World Mkts raised Republic Services from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 4th. BMO Capital Markets upgraded shares of Republic Services from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $211.00 to $238.00 in a report on Friday, December 6th. Stifel Nicolaus boosted their target price on shares of Republic Services from $240.00 to $257.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. Deutsche Bank Aktiengesellschaft raised shares of Republic Services from a “hold” rating to a “buy” rating and raised their price target for the company from $219.00 to $237.00 in a research note on Tuesday, December 10th. Finally, Truist Financial reissued a “buy” rating and issued a $250.00 price objective (up previously from $244.00) on shares of Republic Services in a research note on Friday, February 14th. Five investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $236.88.

Republic Services Trading Up 0.3 %

Shares of RSG stock opened at $234.70 on Thursday. The company has a market cap of $73.29 billion, a P/E ratio of 36.16, a PEG ratio of 3.64 and a beta of 0.73. Republic Services, Inc. has a fifty-two week low of $180.92 and a fifty-two week high of $240.95. The stock has a 50 day simple moving average of $223.82 and a two-hundred day simple moving average of $212.29. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.64 and a current ratio of 0.58.

Republic Services (NYSE:RSG) last issued its earnings results on Thursday, February 13th. The business services provider reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.21. Republic Services had a net margin of 12.74% and a return on equity of 18.28%. The business had revenue of $4.05 billion for the quarter, compared to analyst estimates of $4.08 billion. During the same period in the prior year, the firm earned $1.41 earnings per share. Research analysts forecast that Republic Services, Inc. will post 6.86 earnings per share for the current year.

Republic Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Wednesday, April 2nd will be paid a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date is Wednesday, April 2nd. Republic Services’s dividend payout ratio (DPR) is currently 35.75%.

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.