Evexia Wealth LLC Buys 876 Shares of Republic Services, Inc. (NYSE:RSG)

Evexia Wealth LLC lifted its position in shares of Republic Services, Inc. (NYSE:RSG) by 2.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 41,371 shares of the business services provider’s stock after purchasing an additional 876 shares during the period. Republic Services accounts for 3.0% of Evexia Wealth LLC’s holdings, making the stock its 16th biggest position. Evexia Wealth LLC’s holdings in Republic Services were worth $7,184,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in Republic Services by 0.3% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 25,150 shares of the business services provider’s stock worth $4,147,000 after buying an additional 66 shares in the last quarter. Parcion Private Wealth LLC raised its position in Republic Services by 0.3% in the 4th quarter. Parcion Private Wealth LLC now owns 23,808 shares of the business services provider’s stock worth $3,926,000 after purchasing an additional 68 shares during the period. Stokes Family Office LLC grew its stake in shares of Republic Services by 2.2% during the third quarter. Stokes Family Office LLC now owns 3,209 shares of the business services provider’s stock valued at $457,000 after buying an additional 70 shares during the last quarter. WASHINGTON TRUST Co lifted its stake in shares of Republic Services by 4.5% in the 4th quarter. WASHINGTON TRUST Co now owns 1,620 shares of the business services provider’s stock valued at $267,000 after acquiring an additional 70 shares during the last quarter. Finally, Greenleaf Trust grew its position in Republic Services by 1.6% during the 3rd quarter. Greenleaf Trust now owns 4,504 shares of the business services provider’s stock worth $642,000 after acquiring an additional 72 shares during the last quarter. 57.73% of the stock is currently owned by institutional investors.

Republic Services Stock Up 1.0 %

Shares of NYSE:RSG traded up $1.85 during midday trading on Tuesday, reaching $188.56. The company’s stock had a trading volume of 1,061,971 shares, compared to its average volume of 1,253,788. Republic Services, Inc. has a 12-month low of $140.07 and a 12-month high of $196.76. The firm has a market capitalization of $59.38 billion, a P/E ratio of 33.08, a PEG ratio of 3.22 and a beta of 0.67. The firm has a 50 day moving average of $188.14 and a 200-day moving average of $172.87. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 1.05.

Republic Services (NYSE:RSG) last released its earnings results on Tuesday, April 30th. The business services provider reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.10. Republic Services had a net margin of 11.81% and a return on equity of 17.56%. The firm had revenue of $3.86 billion during the quarter, compared to analyst estimates of $3.89 billion. During the same period last year, the business earned $1.24 earnings per share. The business’s revenue was up 7.8% on a year-over-year basis. On average, research analysts anticipate that Republic Services, Inc. will post 6.05 earnings per share for the current year.

Republic Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Tuesday, July 2nd will be given a $0.535 dividend. This represents a $2.14 annualized dividend and a dividend yield of 1.13%. The ex-dividend date is Tuesday, July 2nd. Republic Services’s dividend payout ratio is presently 37.54%.

Insider Buying and Selling

In other news, CEO Ark Jon Vander sold 5,446 shares of the 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 sale, the chief executive officer now owns 85,113 shares in the company, valued at $15,669,303.30. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, CEO Ark Jon Vander sold 5,446 shares of the business’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $184.10, for a total value of $1,002,608.60. Following the completion of the transaction, the chief executive officer now owns 85,113 shares in the company, valued at $15,669,303.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CMO Amanda Hodges sold 6,500 shares of the stock in a transaction on Monday, May 6th. The shares were sold at an average price of $186.02, for a total value of $1,209,130.00. Following the sale, the chief marketing officer now directly owns 6,831 shares in the company, valued at $1,270,702.62. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Truist Financial increased their price objective on Republic Services from $175.00 to $192.00 and gave the company a “hold” rating in a research note on Wednesday, February 28th. UBS Group boosted their price objective on shares of Republic Services from $195.00 to $200.00 and gave the company a “neutral” rating in a research report on Wednesday, May 1st. Royal Bank of Canada initiated coverage on shares of Republic Services in a report on Monday, April 8th. They set a “sector perform” rating and a $198.00 target price for the company. Scotiabank upped their price target on Republic Services from $211.00 to $213.00 and gave the company a “sector perform” rating in a research report on Wednesday, May 1st. Finally, Oppenheimer boosted their target price on Republic Services from $202.00 to $204.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $201.00.

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.