Marks Group Wealth Management Inc Has $15.82 Million Stock Position in Republic Services, Inc. (NYSE:RSG)

Marks Group Wealth Management Inc reduced its position in shares of Republic Services, Inc. (NYSE:RSG) by 0.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 78,614 shares of the business services provider’s stock after selling 700 shares during the period. Republic Services makes up approximately 1.6% of Marks Group Wealth Management Inc’s investment portfolio, making the stock its 5th biggest position. Marks Group Wealth Management Inc’s holdings in Republic Services were worth $15,816,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in RSG. FSA Wealth Management LLC bought a new stake in shares of Republic Services during the 3rd quarter valued at approximately $25,000. Wolff Wiese Magana LLC grew its stake in shares of Republic Services by 351.6% during the third quarter. Wolff Wiese Magana LLC now owns 140 shares of the business services provider’s stock worth $28,000 after buying an additional 109 shares during the last quarter. R Squared Ltd acquired a new position in shares of Republic Services during the fourth quarter worth $32,000. Truvestments Capital LLC bought a new position in shares of Republic Services in the 3rd quarter valued at $34,000. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of Republic Services during the 3rd quarter valued at $39,000. 57.73% of the stock is currently owned by institutional investors.

Insider Activity

In other Republic Services news, Director Katharine Weymouth sold 1,859 shares of the firm’s stock in a transaction that occurred 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 sale, the director now owns 879 shares of the company’s stock, valued at approximately $189,222.33. This trade represents a 67.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Brian M. Delghiaccio sold 5,071 shares of the 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 transaction, 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 disclosure for this sale can be found here. Company insiders own 0.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on RSG shares. Oppenheimer increased their target price on Republic Services from $219.00 to $220.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft upgraded shares of Republic Services from a “hold” rating to a “buy” rating and raised their price objective for the company from $219.00 to $237.00 in a report on Tuesday, December 10th. Jefferies Financial Group boosted their target price on shares of Republic Services from $235.00 to $244.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Truist Financial raised their price target on shares of Republic Services from $220.00 to $244.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Finally, CIBC boosted their price objective on shares of Republic Services from $217.00 to $227.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 4th. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $224.38.

Republic Services Price Performance

Republic Services stock opened at $223.20 on Wednesday. The stock has a market capitalization of $69.89 billion, a price-to-earnings ratio of 35.71, a PEG ratio of 3.24 and a beta of 0.74. Republic Services, Inc. has a 52-week low of $171.06 and a 52-week high of $223.43. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.64 and a current ratio of 0.64. The stock’s 50 day moving average price is $210.15 and its two-hundred day moving average price is $206.59.

Republic Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Wednesday, April 2nd will be issued a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date of this dividend is Wednesday, April 2nd. Republic Services’s payout ratio is 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.