Ycg LLC Boosts Stake in Republic Services, Inc. (NYSE:RSG)

Ycg LLC grew its stake in shares of Republic Services, Inc. (NYSE:RSG) by 3.7% in the fourth quarter, Holdings Channel reports. The fund owned 215,976 shares of the business services provider’s stock after acquiring an additional 7,744 shares during the quarter. Republic Services accounts for about 3.5% of Ycg LLC’s portfolio, making the stock its 13th largest position. Ycg LLC’s holdings in Republic Services were worth $43,450,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. FSA Wealth Management LLC purchased a new position in shares of Republic Services during the third quarter valued at about $25,000. Arcadia Investment Management Corp MI grew its stake in shares of 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 buying an additional 88 shares in the last quarter. R Squared Ltd bought a new stake in shares of Republic Services in the 4th quarter worth about $32,000. Truvestments Capital LLC bought a new stake in Republic Services during the 3rd quarter valued at about $34,000. Finally, Ashton Thomas Securities LLC bought a new stake in shares of Republic Services in the 3rd quarter valued at about $39,000. 57.73% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. William Blair reissued an “outperform” rating on shares of Republic Services in a research report on Friday, February 14th. BMO Capital Markets raised 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 research note on Friday, December 6th. Morgan Stanley raised their target price on shares of Republic Services from $220.00 to $230.00 and gave the company an “equal weight” rating in a report on Friday, February 14th. Cibc World Mkts upgraded shares of Republic Services from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 4th. Finally, Truist Financial reiterated a “buy” rating and issued a $250.00 price objective (up from $244.00) on shares of Republic Services in a research report on Friday, February 14th. Five investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $236.88.

Republic Services Stock Down 0.6 %

RSG stock opened at $231.92 on Wednesday. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.58 and a quick ratio of 0.64. Republic Services, Inc. has a 1-year low of $180.91 and a 1-year high of $240.95. The stock has a market capitalization of $72.43 billion, a P/E ratio of 35.74, a P/E/G ratio of 3.64 and a beta of 0.73. The business has a fifty day moving average price of $220.16 and a 200-day moving average price of $211.24.

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

Republic Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Wednesday, April 2nd will be given a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 1.00%. The ex-dividend date is Wednesday, April 2nd. Republic Services’s payout ratio is presently 35.75%.

Insider Buying and Selling at Republic Services

In related news, COO Gregg Brummer sold 6,293 shares of the 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 completion of the transaction, the chief operating officer now directly owns 10,416 shares of the company’s stock, valued at $2,376,931.20. This represents a 37.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.09% of the stock is owned by corporate insiders.

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.