Callan Family Office LLC Makes New $2.07 Million Investment in Republic Services, Inc. (NYSE:RSG)

Callan Family Office LLC bought a new position in Republic Services, Inc. (NYSE:RSG) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 10,278 shares of the business services provider’s stock, valued at approximately $2,068,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. FSA Wealth Management LLC purchased a new stake in Republic Services in the 3rd quarter worth approximately $25,000. Arcadia Investment Management Corp MI lifted its stake in Republic Services by 200.0% in the 4th quarter. Arcadia Investment Management Corp MI now owns 132 shares of the business services provider’s stock worth $27,000 after purchasing an additional 88 shares in the last quarter. R Squared Ltd purchased a new stake in Republic Services in the 4th quarter worth approximately $32,000. Truvestments Capital LLC purchased a new stake in shares of Republic Services during the 3rd quarter valued at $34,000. Finally, Ashton Thomas Securities LLC purchased 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 hedge funds and other institutional investors.

Analysts Set New Price Targets

RSG has been the topic of several research reports. The Goldman Sachs Group raised their price objective on shares of Republic Services from $239.00 to $265.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Truist Financial restated a “buy” rating and set a $250.00 price objective (up previously from $244.00) on shares of Republic Services in a research report on Friday, February 14th. BMO Capital Markets upgraded shares of Republic Services from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $211.00 to $238.00 in a research report on Friday, December 6th. Argus set a $260.00 price objective on shares of Republic Services in a research report on Tuesday, February 18th. Finally, UBS Group raised their price objective on shares of Republic Services from $212.00 to $240.00 and gave the company a “neutral” rating in a research report on Wednesday, February 19th. Five analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $236.88.

Republic Services Price Performance

Shares of Republic Services stock opened at $234.28 on Friday. The firm has a market cap of $73.16 billion, a PE ratio of 36.10, a price-to-earnings-growth ratio of 3.64 and a beta of 0.73. Republic Services, Inc. has a 12-month low of $180.91 and a 12-month high of $240.95. The company has a quick ratio of 0.64, a current ratio of 0.58 and a debt-to-equity ratio of 1.04. The company’s fifty day simple moving average is $218.91 and its two-hundred day simple moving average is $210.80.

Republic Services (NYSE:RSG) last announced its quarterly earnings results on Thursday, February 13th. The business services provider reported $1.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.21. The business had revenue of $4.05 billion for the quarter, compared to analyst estimates of $4.08 billion. Republic Services had a net margin of 12.74% and a return on equity of 18.28%. During the same quarter last year, the firm earned $1.41 EPS. As a group, equities analysts expect that Republic Services, Inc. will post 6.86 EPS for the current year.

Republic Services Dividend Announcement

The company 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 0.99%. The ex-dividend date is Wednesday, April 2nd. Republic Services’s dividend payout ratio (DPR) is presently 35.75%.

Insider Activity

In other news, COO Gregg Brummer sold 6,293 shares of Republic Services stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $228.20, for a total transaction of $1,436,062.60. Following the sale, the chief operating officer now owns 10,416 shares of the company’s stock, valued at approximately $2,376,931.20. The trade was a 37.66 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.09% of the company’s stock.

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.