Amalgamated Bank Trims Stock Holdings in Republic Services, Inc. (NYSE:RSG)

Amalgamated Bank lowered its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 3.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 41,734 shares of the business services provider’s stock after selling 1,403 shares during the quarter. Amalgamated Bank’s holdings in Republic Services were worth $8,396,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. Assenagon Asset Management S.A. increased its stake in Republic Services by 15.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 5,663 shares of the business services provider’s stock worth $1,137,000 after buying an additional 746 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in Republic Services by 29.9% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,855 shares of the business services provider’s stock worth $2,563,000 after acquiring an additional 2,961 shares in the last quarter. State of Alaska Department of Revenue increased its position in shares of Republic Services by 6.5% during the third quarter. State of Alaska Department of Revenue now owns 23,710 shares of the business services provider’s stock worth $4,761,000 after acquiring an additional 1,450 shares during the period. Fidelis Capital Partners LLC raised its stake in shares of Republic Services by 3.8% during the third quarter. Fidelis Capital Partners LLC now owns 1,520 shares of the business services provider’s stock valued at $310,000 after acquiring an additional 55 shares in the last quarter. Finally, Childress Capital Advisors LLC boosted its holdings in shares of Republic Services by 10.4% in the third quarter. Childress Capital Advisors LLC now owns 1,150 shares of the business services provider’s stock valued at $231,000 after purchasing an additional 108 shares during the period. Institutional investors own 57.73% of the company’s stock.

Republic Services Stock Performance

Shares of RSG opened at $231.66 on Thursday. The company has a current ratio of 0.58, a quick ratio of 0.64 and a debt-to-equity ratio of 1.04. The firm has a market cap of $72.34 billion, a PE ratio of 35.69, a P/E/G ratio of 3.64 and a beta of 0.74. Republic Services, Inc. has a 12 month low of $180.91 and a 12 month high of $234.02. The stock has a fifty day moving average price of $214.49 and a 200-day moving average price of $209.25.

Republic Services (NYSE:RSG) last released its quarterly earnings results on Thursday, February 13th. The business services provider reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.21. Republic Services had a return on equity of 18.28% and a net margin of 12.74%. The company had revenue of $4.05 billion during the quarter, compared to analysts’ expectations of $4.08 billion. During the same period last year, the business posted $1.41 earnings per share. Equities research analysts predict that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.

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 paid a dividend of $0.58 per share. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $2.32 dividend on an annualized basis and a yield of 1.00%. Republic Services’s payout ratio is 35.75%.

Insiders Place Their Bets

In other news, Director Katharine Weymouth sold 1,859 shares of the firm’s stock in a transaction dated 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 directly owns 879 shares in the company, valued at $189,222.33. This trade represents a 67.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Gregg Brummer sold 6,293 shares of the company’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $228.20, for a total value of $1,436,062.60. Following the completion of the sale, the chief operating officer now owns 10,416 shares in the company, valued at approximately $2,376,931.20. This represents a 37.66 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.09% of the company’s stock.

Wall Street Analysts Forecast Growth

RSG has been the subject of a number of research analyst reports. Jefferies Financial Group lifted their target price on Republic Services from $235.00 to $244.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Truist Financial restated a “buy” rating and issued a $250.00 price objective (up from $244.00) on shares of Republic Services in a report on Friday, February 14th. BMO Capital Markets upgraded shares of Republic Services from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $211.00 to $238.00 in a report on Friday, December 6th. The Goldman Sachs Group boosted their price target on shares of Republic Services from $239.00 to $265.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Finally, Stifel Nicolaus increased their price objective on shares of Republic Services from $240.00 to $257.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Six analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $233.41.

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.