Republic Services, Inc. (NYSE:RSG) is Trium Capital LLP’s 10th Largest Position

Trium Capital LLP increased its holdings in Republic Services, Inc. (NYSE:RSG) by 11.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,178 shares of the business services provider’s stock after acquiring an additional 1,139 shares during the period. Republic Services comprises about 0.3% of Trium Capital LLP’s holdings, making the stock its 10th largest holding. Trium Capital LLP’s holdings in Republic Services were worth $2,249,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of RSG. FSA Wealth Management LLC acquired a new position in shares of Republic Services in the third quarter worth $25,000. Wolff Wiese Magana LLC grew its stake in Republic Services by 351.6% in the third quarter. Wolff Wiese Magana LLC now owns 140 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 109 shares in the last quarter. Webster Bank N. A. acquired a new position in Republic Services in the 3rd quarter worth about $31,000. Truvestments Capital LLC purchased a new stake in shares of Republic Services during the 3rd quarter worth about $34,000. Finally, Itau Unibanco Holding S.A. acquired a new stake in shares of Republic Services during the 2nd quarter valued at about $36,000. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Insider Activity

In related news, Director Katharine Weymouth sold 1,859 shares of Republic Services stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $215.27, for a total transaction of $400,186.93. Following the completion of the transaction, the director now directly owns 879 shares of the company’s stock, valued at $189,222.33. This trade represents a 67.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Brian M. Delghiaccio sold 5,071 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $210.02, for a total value of $1,065,011.42. Following the sale, the chief financial officer now owns 6,318 shares in the company, valued at approximately $1,326,906.36. This trade represents a 44.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.09% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on RSG. Oppenheimer increased their price target on shares of Republic Services from $219.00 to $220.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Royal Bank of Canada raised shares of Republic Services from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from $219.00 to $237.00 in a research report on Monday, January 6th. CIBC boosted their price target on Republic Services from $217.00 to $227.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 4th. Truist Financial increased their price objective on Republic Services from $220.00 to $244.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Finally, Deutsche Bank Aktiengesellschaft upgraded Republic Services from a “hold” rating to a “buy” rating and boosted their target price for the stock from $219.00 to $237.00 in a report on Tuesday, December 10th. Six investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $221.12.

Republic Services Stock Up 0.9 %

NYSE RSG opened at $213.85 on Friday. Republic Services, Inc. has a twelve month low of $165.99 and a twelve month high of $220.58. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.64 and a current ratio of 0.64. The stock has a market cap of $66.97 billion, a PE ratio of 34.22, a PEG ratio of 2.98 and a beta of 0.73. The firm has a 50-day simple moving average of $209.23 and a 200 day simple moving average of $204.29.

Republic Services (NYSE:RSG) last announced its quarterly earnings data on Tuesday, October 29th. The business services provider reported $1.81 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.20. The company had revenue of $4.08 billion for the quarter, compared to analyst estimates of $4.12 billion. Republic Services had a return on equity of 18.18% and a net margin of 12.46%. Republic Services’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.54 EPS. On average, research analysts forecast that Republic Services, Inc. will post 6.25 EPS for the current year.

Republic Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd were issued a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date of this dividend was Thursday, January 2nd. Republic Services’s payout ratio is 37.12%.

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.