Republic Services, Inc. (NYSE:RSG) Stock Position Increased by Heirloom Wealth Management

Heirloom Wealth Management raised its holdings in Republic Services, Inc. (NYSE:RSG) by 2.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 76,371 shares of the business services provider’s stock after purchasing an additional 1,509 shares during the period. Republic Services accounts for approximately 4.8% of Heirloom Wealth Management’s portfolio, making the stock its 7th largest holding. Heirloom Wealth Management’s holdings in Republic Services were worth $12,594,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. D.A. Davidson & CO. acquired a new stake in Republic Services during the first quarter worth approximately $203,000. Synovus Financial Corp boosted its position in Republic Services by 1.9% during the first quarter. Synovus Financial Corp now owns 14,255 shares of the business services provider’s stock worth $1,890,000 after acquiring an additional 260 shares during the last quarter. Vontobel Holding Ltd. boosted its position in Republic Services by 34.6% during the first quarter. Vontobel Holding Ltd. now owns 3,885 shares of the business services provider’s stock worth $523,000 after acquiring an additional 998 shares during the last quarter. Blair William & Co. IL boosted its position in Republic Services by 1.6% during the first quarter. Blair William & Co. IL now owns 31,162 shares of the business services provider’s stock worth $4,129,000 after acquiring an additional 495 shares during the last quarter. Finally, Moors & Cabot Inc. boosted its position in Republic Services by 2.9% during the first quarter. Moors & Cabot Inc. now owns 6,726 shares of the business services provider’s stock worth $891,000 after acquiring an additional 187 shares during the last quarter. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Republic Services Price Performance

Shares of NYSE RSG traded up $0.79 during midday trading on Friday, reaching $189.76. The company’s stock had a trading volume of 1,571,243 shares, compared to its average volume of 1,201,557. Republic Services, Inc. has a one year low of $135.33 and a one year high of $192.57. The company has a 50 day moving average price of $185.90 and a 200 day moving average price of $168.82. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 1.13. The company has a market cap of $59.77 billion, a price-to-earnings ratio of 34.69, a price-to-earnings-growth ratio of 3.30 and a beta of 0.68.

Republic Services (NYSE:RSG) last released its quarterly earnings results on Tuesday, February 27th. The business services provider reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.13. Republic Services had a net margin of 11.57% and a return on equity of 17.32%. The business had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.73 billion. During the same quarter in the previous year, the business earned $1.13 earnings per share. The firm’s revenue was up 8.6% compared to the same quarter last year. On average, equities research analysts expect that Republic Services, Inc. will post 6.01 EPS for the current year.

Republic Services Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Jefferies Financial Group lifted their price target on shares of Republic Services from $213.00 to $225.00 and gave the company a “buy” rating in a report on Monday, March 18th. Oppenheimer lifted their price target on shares of Republic Services from $182.00 to $195.00 and gave the company an “outperform” rating in a report on Wednesday, February 28th. Truist Financial lifted their price target on shares of Republic Services from $175.00 to $192.00 and gave the company a “hold” rating in a report on Wednesday, February 28th. Morgan Stanley lowered shares of Republic Services from an “overweight” rating to an “equal weight” rating and set a $199.00 price target on the stock. in a report on Friday, March 15th. Finally, Citigroup lifted their price target on shares of Republic Services from $190.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, February 29th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Republic Services presently has an average rating of “Moderate Buy” and an average target price of $199.77.

Insider Activity at Republic Services

In related news, CEO Ark Jon Vander sold 5,446 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 85,113 shares of the company’s stock, valued at $15,669,303.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.09% of the stock is currently owned by insiders.

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.