Cutler Investment Counsel LLC Sells 1,548 Shares of Republic Services, Inc. (NYSE:RSG)

Cutler Investment Counsel LLC reduced its position in Republic Services, Inc. (NYSE:RSG) by 1.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 83,989 shares of the business services provider’s stock after selling 1,548 shares during the period. Republic Services accounts for about 2.1% of Cutler Investment Counsel LLC’s portfolio, making the stock its 14th largest position. Cutler Investment Counsel LLC’s holdings in Republic Services were worth $16,897,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of RSG. Wellington Management Group LLP boosted its holdings in Republic Services by 23.2% in the third quarter. Wellington Management Group LLP now owns 6,004,199 shares of the business services provider’s stock worth $1,205,883,000 after acquiring an additional 1,131,850 shares in the last quarter. Geode Capital Management LLC boosted its stake in Republic Services by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 4,507,521 shares of the business services provider’s stock worth $903,316,000 after purchasing an additional 73,207 shares in the last quarter. Nordea Investment Management AB increased its stake in Republic Services by 19.4% during the 4th quarter. Nordea Investment Management AB now owns 3,129,322 shares of the business services provider’s stock valued at $626,553,000 after purchasing an additional 509,116 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Republic Services by 1.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,546,088 shares of the business services provider’s stock worth $509,462,000 after buying an additional 25,350 shares during the last quarter. Finally, Stifel Financial Corp lifted its stake in shares of Republic Services by 437.9% during the third quarter. Stifel Financial Corp now owns 1,814,613 shares of the business services provider’s stock worth $364,449,000 after buying an additional 1,477,255 shares during the period. Institutional investors own 57.73% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on RSG. CIBC raised their target price on Republic Services from $217.00 to $227.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 4th. Truist Financial reiterated 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. Morgan Stanley lifted their price objective on shares of Republic Services from $220.00 to $230.00 and gave the company an “equal weight” rating in a research note on Friday. Oppenheimer raised their target price on shares of Republic Services from $219.00 to $220.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Finally, Deutsche Bank Aktiengesellschaft raised Republic Services from a “hold” rating to a “buy” rating and increased their price target 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 given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $225.38.

Insider Buying and Selling at Republic Services

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

Republic Services Stock Up 2.9 %

Shares of NYSE RSG opened at $230.98 on Monday. Republic Services, Inc. has a 52-week low of $177.03 and a 52-week high of $232.52. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.07. The company’s 50-day simple moving average is $210.94 and its 200-day simple moving average is $207.43. The firm has a market cap 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 earnings results on Thursday, February 13th. The business services provider reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.21. Republic Services had a return on equity of 18.18% and a net margin of 12.46%. The business had revenue of $4.05 billion for the quarter, compared to the consensus estimate of $4.08 billion. During the same quarter last year, the business posted $1.41 earnings per share. Equities analysts predict that Republic Services, Inc. will post 6.25 EPS for the current fiscal year.

Republic Services Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date is Wednesday, April 2nd. This represents a $2.32 annualized dividend and a yield of 1.00%. Republic Services’s dividend payout ratio is presently 37.12%.

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.