Values First Advisors Inc. Raises Position in Republic Services, Inc. (NYSE:RSG)

Values First Advisors Inc. boosted its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 216.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,337 shares of the business services provider’s stock after buying an additional 915 shares during the period. Values First Advisors Inc.’s holdings in Republic Services were worth $269,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in RSG. FSA Wealth Management LLC purchased a new stake in Republic Services during the 3rd quarter worth approximately $25,000. Wolff Wiese Magana LLC lifted 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 period. R Squared Ltd purchased a new stake in Republic Services during the 4th quarter valued at about $32,000. Truvestments Capital LLC acquired a new position in shares of Republic Services in the third quarter valued at about $34,000. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of Republic Services during the third quarter worth about $39,000. 57.73% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Republic Services news, Director Katharine Weymouth sold 1,859 shares of Republic Services stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $215.27, for a total transaction of $400,186.93. Following the transaction, the director now directly owns 879 shares of the company’s stock, valued at $189,222.33. The trade was a 67.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Brian M. Delghiaccio sold 5,071 shares of the stock in a transaction that occurred on 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 directly owns 6,318 shares of the company’s stock, valued at approximately $1,326,906.36. This trade represents a 44.53 % decrease in their position. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

RSG has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft raised shares of Republic Services from a “hold” rating to a “buy” rating and raised their target price for the stock from $219.00 to $237.00 in a report on Tuesday, December 10th. Oppenheimer raised their price target 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 upped their price objective on shares of Republic Services from $220.00 to $244.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. CIBC raised their target price on Republic Services from $217.00 to $227.00 and gave the company a “neutral” rating in a research report on Wednesday, December 4th. Finally, Jefferies Financial Group increased their price target on Republic Services from $235.00 to $244.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Six equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $224.38.

Republic Services Stock Up 0.1 %

Shares of NYSE RSG opened at $223.38 on Thursday. 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 company has a 50-day moving average of $210.32 and a 200 day moving average of $206.82. Republic Services, Inc. has a 12-month low of $172.23 and a 12-month high of $224.45. The stock has a market cap of $69.95 billion, a PE ratio of 35.74, a P/E/G ratio of 3.24 and a beta of 0.74.

Republic Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Wednesday, April 2nd will be given a dividend of $0.58 per share. The ex-dividend date is Wednesday, April 2nd. This represents a $2.32 dividend on an annualized basis and a yield of 1.04%. 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.