Benjamin Edwards Inc. Sells 2,186 Shares of Republic Services, Inc. (NYSE:RSG)

Benjamin Edwards Inc. reduced its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 14.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 12,793 shares of the business services provider’s stock after selling 2,186 shares during the period. Benjamin Edwards Inc.’s holdings in Republic Services were worth $2,110,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Schechter Investment Advisors LLC lifted its holdings in shares of Republic Services by 19.4% in the third quarter. Schechter Investment Advisors LLC now owns 2,791 shares of the business services provider’s stock valued at $398,000 after purchasing an additional 453 shares in the last quarter. abrdn plc raised its position in Republic Services by 64.1% in the 4th quarter. abrdn plc now owns 96,531 shares of the business services provider’s stock valued at $15,919,000 after buying an additional 37,690 shares during the last quarter. First Financial Corp IN lifted its stake in Republic Services by 4.7% during the 4th quarter. First Financial Corp IN now owns 2,858 shares of the business services provider’s stock valued at $471,000 after acquiring an additional 128 shares in the last quarter. SG Americas Securities LLC boosted its holdings in Republic Services by 217.7% during the 4th quarter. SG Americas Securities LLC now owns 76,038 shares of the business services provider’s stock worth $12,539,000 after acquiring an additional 52,104 shares during the last quarter. Finally, Robeco Schweiz AG raised its holdings in shares of Republic Services by 65.9% in the third quarter. Robeco Schweiz AG now owns 34,500 shares of the business services provider’s stock valued at $4,917,000 after purchasing an additional 13,700 shares during the last quarter. Institutional investors and hedge funds own 57.73% of the company’s stock.

Republic Services Stock Performance

RSG stock traded up $0.17 during midday trading on Thursday, reaching $186.17. 854,917 shares of the company’s stock traded hands, compared to its average volume of 1,242,801. Republic Services, Inc. has a 52 week low of $140.07 and a 52 week high of $196.76. The company has a 50-day moving average price of $187.94 and a two-hundred day moving average price of $171.57. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.56 and a current ratio of 0.56. The firm has a market capitalization of $58.64 billion, a PE ratio of 32.63, a price-to-earnings-growth ratio of 3.35 and a beta of 0.67.

Republic Services (NYSE:RSG) last issued its earnings results on Tuesday, April 30th. The business services provider reported $1.45 EPS for the quarter, topping the consensus estimate of $1.35 by $0.10. Republic Services had a return on equity of 17.75% and a net margin of 11.81%. The business had revenue of $3.86 billion during the quarter, compared to the consensus estimate of $3.89 billion. During the same quarter last year, the company earned $1.24 EPS. The firm’s revenue was up 7.8% compared to the same quarter last year. As a group, equities analysts anticipate that Republic Services, Inc. will post 6.01 EPS for the current year.

Republic Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Tuesday, July 2nd will be given a $0.535 dividend. The ex-dividend date is Tuesday, July 2nd. This represents a $2.14 dividend on an annualized basis and a dividend yield of 1.15%. Republic Services’s dividend payout ratio (DPR) is presently 37.54%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on RSG. Jefferies Financial Group boosted their price target on shares of Republic Services from $213.00 to $225.00 and gave the stock a “buy” rating in a report on Monday, March 18th. UBS Group increased their price target on Republic Services from $195.00 to $200.00 and gave the company a “neutral” rating in a research report on Wednesday. Truist Financial boosted their price objective on Republic Services from $175.00 to $192.00 and gave the stock a “hold” rating in a research report on Wednesday, February 28th. Royal Bank of Canada assumed coverage on Republic Services in a research report on Monday, April 8th. They set a “sector perform” rating and a $198.00 target price for the company. Finally, BMO Capital Markets boosted their price target on shares of Republic Services from $173.00 to $195.00 and gave the stock a “market perform” rating in a report on Wednesday, February 28th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $201.00.

Insider Activity at Republic Services

In other Republic Services news, CEO Ark Jon Vander sold 5,446 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $184.10, for a total value of $1,002,608.60. Following the sale, the chief executive officer now owns 85,113 shares of the company’s stock, valued at approximately $15,669,303.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.09% of the stock is owned by corporate insiders.

About Republic Services

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.