Quilter Plc Boosts Stock Position in Republic Services, Inc. (NYSE:RSG)

Quilter Plc lifted its holdings in Republic Services, Inc. (NYSE:RSG) by 0.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 39,232 shares of the business services provider’s stock after purchasing an additional 52 shares during the quarter. Quilter Plc’s holdings in Republic Services were worth $7,893,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of RSG. CWM LLC lifted its position in shares of Republic Services by 19.3% during the third quarter. CWM LLC now owns 10,894 shares of the business services provider’s stock worth $2,188,000 after purchasing an additional 1,763 shares during the last quarter. UMB Bank n.a. lifted its position in shares of Republic Services by 9.8% during the third quarter. UMB Bank n.a. now owns 1,646 shares of the business services provider’s stock worth $331,000 after purchasing an additional 147 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt lifted its position in shares of Republic Services by 399.0% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,001 shares of the business services provider’s stock worth $402,000 after purchasing an additional 1,600 shares during the last quarter. Perfromance Wealth Partners LLC lifted its position in shares of Republic Services by 23.3% during the third quarter. Perfromance Wealth Partners LLC now owns 1,355 shares of the business services provider’s stock worth $272,000 after purchasing an additional 256 shares during the last quarter. Finally, Mechanics Bank Trust Department increased its stake in shares of Republic Services by 0.7% during the third quarter. Mechanics Bank Trust Department now owns 25,012 shares of the business services provider’s stock valued at $5,023,000 after buying an additional 170 shares during the period. 57.73% of the stock is owned by hedge funds and other institutional investors.

Republic Services Stock Performance

RSG stock opened at $220.91 on Monday. Republic Services, Inc. has a 12-month low of $171.06 and a 12-month high of $222.65. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.07. The stock’s 50 day simple moving average is $210.01 and its 200 day simple moving average is $206.31. The firm has a market cap of $69.18 billion, a P/E ratio of 35.35, a P/E/G ratio of 3.24 and a beta of 0.74.

Republic Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Wednesday, April 2nd will be paid a $0.58 dividend. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $2.32 annualized dividend and a dividend yield of 1.05%. Republic Services’s payout ratio is 37.12%.

Insider Transactions at Republic Services

In related news, Director Katharine Weymouth sold 1,859 shares of the stock in a transaction on Thursday, December 5th. The stock was 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Brian M. Delghiaccio sold 5,071 shares of the stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $210.02, for a total value of $1,065,011.42. Following the completion of the transaction, the chief financial officer now 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 disclosure for this sale can be found here. Company insiders own 0.09% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on RSG. Deutsche Bank Aktiengesellschaft raised shares of Republic Services from a “hold” rating to a “buy” rating and raised their target price for the company from $219.00 to $237.00 in a research report on Tuesday, December 10th. Oppenheimer raised their target price on shares of Republic Services from $219.00 to $220.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Truist Financial raised their target price on shares of Republic Services from $220.00 to $244.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. CIBC raised their target price on shares of Republic Services from $217.00 to $227.00 and gave the company a “neutral” rating in a research report on Wednesday, December 4th. Finally, Morgan Stanley raised their target price on shares of Republic Services from $217.00 to $220.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. Six research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $224.38.

Republic Services Company 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.