Republic Services, Inc. (NYSE:RSG) Stock Position Lifted by Benjamin F. Edwards & Company Inc.

Benjamin F. Edwards & Company Inc. boosted its stake in shares of Republic Services, Inc. (NYSE:RSG) by 8,931.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 204,028 shares of the business services provider’s stock after acquiring an additional 201,769 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in Republic Services were worth $33,646,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in Republic Services by 0.3% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 25,150 shares of the business services provider’s stock valued at $4,147,000 after purchasing an additional 66 shares in the last quarter. Parcion Private Wealth LLC grew its position in Republic Services by 0.3% in the fourth quarter. Parcion Private Wealth LLC now owns 23,808 shares of the business services provider’s stock worth $3,926,000 after acquiring an additional 68 shares in the last quarter. Stokes Family Office LLC grew its position in Republic Services by 2.2% in the third quarter. Stokes Family Office LLC now owns 3,209 shares of the business services provider’s stock worth $457,000 after acquiring an additional 70 shares in the last quarter. WASHINGTON TRUST Co grew its position in Republic Services by 4.5% in the fourth quarter. WASHINGTON TRUST Co now owns 1,620 shares of the business services provider’s stock worth $267,000 after acquiring an additional 70 shares in the last quarter. Finally, FinTrust Capital Advisors LLC grew its position in Republic Services by 56.3% in the third quarter. FinTrust Capital Advisors LLC now owns 197 shares of the business services provider’s stock worth $28,000 after acquiring an additional 71 shares in the last quarter. 57.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

RSG has been the subject of several recent research reports. Truist Financial boosted their target price on shares of Republic Services from $175.00 to $192.00 and gave the stock a “hold” rating in a research report on Wednesday, February 28th. Jefferies Financial Group boosted their price objective on shares of Republic Services from $213.00 to $225.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. Oppenheimer boosted their price objective on shares of Republic Services from $202.00 to $204.00 and gave the stock an “outperform” rating in a research note on Wednesday. Scotiabank boosted their price objective on shares of Republic Services from $211.00 to $213.00 and gave the stock a “sector perform” rating in a research note on Wednesday. Finally, Morgan Stanley cut shares of Republic Services from an “overweight” rating to an “equal weight” rating and set a $199.00 price objective for the company. in a research note on Friday, March 15th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $201.00.

Insider Transactions at Republic Services

In other news, CEO Ark Jon Vander sold 5,446 shares of the business’s stock in a transaction on Monday, March 4th. The shares were 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 $15,669,303.30. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.09% of the stock is currently owned by insiders.

Republic Services Stock Up 0.2 %

RSG traded up $0.44 during trading on Thursday, reaching $186.44. The company had a trading volume of 2,025,713 shares, compared to its average volume of 1,257,153. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.56 and a quick ratio of 0.56. Republic Services, Inc. has a 12 month low of $140.07 and a 12 month high of $196.76. The business’s fifty day moving average price is $187.94 and its 200 day moving average price is $171.57. The company has a market cap of $58.72 billion, a P/E ratio of 32.65, a PEG ratio of 3.35 and a beta of 0.67.

Republic Services (NYSE:RSG) last announced its quarterly earnings results on Tuesday, April 30th. The business services provider reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.10. Republic Services had a net margin of 11.81% and a return on equity of 17.75%. The firm had revenue of $3.86 billion for the quarter, compared to analyst estimates of $3.89 billion. During the same quarter in the previous year, the firm posted $1.24 earnings per share. The business’s revenue was up 7.8% on a year-over-year basis. Equities analysts anticipate that Republic Services, Inc. will post 6.01 EPS for the current year.

Republic Services Announces Dividend

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

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.