Northwest Capital Management Inc Has $58,000 Holdings in Republic Services, Inc. (NYSE:RSG)

Northwest Capital Management Inc lessened its stake in shares of Republic Services, Inc. (NYSE:RSG) by 22.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 350 shares of the business services provider’s stock after selling 100 shares during the quarter. Northwest Capital Management Inc’s holdings in Republic Services were worth $58,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. OLD National Bancorp IN increased its holdings in shares of Republic Services by 7.7% in the 4th quarter. OLD National Bancorp IN now owns 5,998 shares of the business services provider’s stock valued at $989,000 after purchasing an additional 431 shares during the period. Commerzbank Aktiengesellschaft FI acquired a new position in shares of Republic Services in the 4th quarter valued at about $258,000. Handelsbanken Fonder AB increased its holdings in shares of Republic Services by 17.1% in the 4th quarter. Handelsbanken Fonder AB now owns 139,423 shares of the business services provider’s stock valued at $22,992,000 after purchasing an additional 20,358 shares during the period. CWM LLC increased its holdings in shares of Republic Services by 8.4% in the 4th quarter. CWM LLC now owns 8,525 shares of the business services provider’s stock valued at $1,406,000 after purchasing an additional 660 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of Republic Services by 0.3% in the 4th 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 during the period. Institutional investors and hedge funds own 57.73% of the company’s stock.

Insider Transactions at Republic Services

In other news, CEO Ark Jon Vander sold 5,446 shares of the firm’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $184.10, for a total transaction of $1,002,608.60. Following the completion of the transaction, the chief executive officer now directly 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 Securities & Exchange Commission, which is available through this hyperlink. 0.09% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages recently commented on RSG. UBS Group cut Republic Services from a “buy” rating to a “neutral” rating and boosted their price target for the company from $175.00 to $195.00 in a research note on Thursday, February 29th. Oppenheimer boosted their price target on Republic Services from $182.00 to $195.00 and gave the company an “outperform” rating in a research note on Wednesday, February 28th. Scotiabank began coverage on Republic Services in a research note on Monday, April 8th. They issued a “sector perform” rating and a $211.00 price target for the company. Truist Financial boosted their price target on Republic Services from $175.00 to $192.00 and gave the company a “hold” rating in a research note on Wednesday, February 28th. Finally, Morgan Stanley cut Republic Services from an “overweight” rating to an “equal weight” rating and set a $199.00 target price for the company. in a research report on Friday, March 15th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $199.77.

Republic Services Stock Performance

NYSE RSG traded up $0.79 during midday trading on Friday, hitting $189.76. The company had a trading volume of 1,576,417 shares, compared to its average volume of 1,184,278. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 1.13. The stock has a market cap of $59.77 billion, a price-to-earnings ratio of 34.69, a P/E/G ratio of 3.32 and a beta of 0.68. The firm has a fifty day simple moving average of $185.90 and a two-hundred day simple moving average of $169.01. Republic Services, Inc. has a fifty-two week low of $135.33 and a fifty-two week high of $192.57.

Republic Services (NYSE:RSG) last posted its quarterly earnings results on Tuesday, February 27th. The business services provider reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.13. The company had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.73 billion. Republic Services had a net margin of 11.57% and a return on equity of 17.32%. The business’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period last year, the business posted $1.13 EPS. Equities analysts forecast that Republic Services, Inc. will post 6.01 earnings per share for the current fiscal year.

Republic Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Tuesday, April 2nd were issued a dividend of $0.535 per share. This represents a $2.14 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date was Monday, April 1st. Republic Services’s payout ratio is 39.12%.

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.