Republic Services, Inc. (NYSE:RSG) Shares Sold by Sawyer & Company Inc

Sawyer & Company Inc decreased its position in shares of Republic Services, Inc. (NYSE:RSG) by 5.0% during the 4th quarter, HoldingsChannel reports. The fund owned 7,397 shares of the business services provider’s stock after selling 390 shares during the quarter. Sawyer & Company Inc’s holdings in Republic Services were worth $1,488,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of RSG. FSA Wealth Management LLC acquired a new position in Republic Services in the 3rd quarter valued at about $25,000. Wolff Wiese Magana LLC raised its position in shares of Republic Services by 351.6% during the 3rd 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 period. Webster Bank N. A. purchased a new position in Republic Services in the third quarter worth approximately $31,000. Truvestments Capital LLC acquired a new stake in Republic Services during the third quarter worth $34,000. Finally, Itau Unibanco Holding S.A. purchased a new stake in Republic Services in the 2nd quarter valued at about $36,000. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on RSG shares. Oppenheimer boosted their price objective on Republic Services from $219.00 to $220.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. William Blair initiated coverage on shares of Republic Services in a research report on Thursday, October 3rd. They set an “outperform” rating on the stock. Royal Bank of Canada upgraded shares of Republic Services from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from $219.00 to $237.00 in a report on Monday, January 6th. Truist Financial increased their target price on shares of Republic Services from $220.00 to $244.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Finally, Scotiabank initiated coverage on shares of Republic Services in a research note on Friday, October 4th. They issued a “sector perform” rating and a $224.00 price target for the company. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $221.12.

Republic Services Stock Performance

Shares of Republic Services stock opened at $209.66 on Thursday. The firm has a market capitalization of $65.66 billion, a P/E ratio of 33.55, a P/E/G ratio of 2.98 and a beta of 0.73. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.07. Republic Services, Inc. has a 52 week low of $165.06 and a 52 week high of $220.58. The firm’s 50 day moving average is $209.10 and its two-hundred day moving average is $204.20.

Republic Services (NYSE:RSG) last announced its quarterly earnings results on Tuesday, October 29th. The business services provider reported $1.81 earnings per share for the quarter, beating analysts’ consensus estimates of $1.61 by $0.20. The firm had revenue of $4.08 billion during the quarter, compared to analysts’ expectations of $4.12 billion. Republic Services had a net margin of 12.46% and a return on equity of 18.18%. Republic Services’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.54 earnings per share. Research analysts forecast that Republic Services, Inc. will post 6.25 EPS for the current fiscal year.

Republic Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd were paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date was Thursday, January 2nd. Republic Services’s dividend payout ratio is currently 37.12%.

Insider Activity

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

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.