Aaron Wealth Advisors LLC Boosts Stake in Republic Services, Inc. (NYSE:RSG)

Aaron Wealth Advisors LLC raised its position in Republic Services, Inc. (NYSE:RSG) by 47.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,416 shares of the business services provider’s stock after purchasing an additional 775 shares during the quarter. Aaron Wealth Advisors LLC’s holdings in Republic Services were worth $486,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of RSG. Wellington Management Group LLP lifted its position in Republic Services by 23.2% during the third quarter. Wellington Management Group LLP now owns 6,004,199 shares of the business services provider’s stock valued at $1,205,883,000 after buying an additional 1,131,850 shares in the last quarter. Geode Capital Management LLC boosted its position in Republic Services by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 4,507,521 shares of the business services provider’s stock worth $903,316,000 after purchasing an additional 73,207 shares during the period. Nordea Investment Management AB increased its holdings in Republic Services by 19.4% in the 4th quarter. Nordea Investment Management AB now owns 3,129,322 shares of the business services provider’s stock valued at $626,553,000 after purchasing an additional 509,116 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in Republic Services by 2.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,520,738 shares of the business services provider’s stock valued at $506,265,000 after purchasing an additional 57,040 shares during the period. Finally, Stifel Financial Corp boosted its position in shares of Republic Services by 437.9% in the third quarter. Stifel Financial Corp now owns 1,814,613 shares of the business services provider’s stock worth $364,449,000 after buying an additional 1,477,255 shares during the period. 57.73% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

RSG has been the topic of several recent research reports. Royal Bank of Canada raised Republic Services from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from $219.00 to $237.00 in a research report on Monday, January 6th. Oppenheimer boosted their target price on shares of Republic Services from $219.00 to $220.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. BMO Capital Markets raised shares of Republic Services from a “market perform” rating to an “outperform” rating and raised their price target for the company from $211.00 to $238.00 in a report on Friday, December 6th. William Blair started coverage on shares of Republic Services in a research report on Thursday, October 3rd. They issued an “outperform” rating for the company. Finally, Scotiabank began coverage on Republic Services in a research report on Friday, October 4th. They set a “sector perform” rating and a $224.00 target price on the stock. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $221.12.

Republic Services Trading Up 0.9 %

Republic Services stock opened at $213.85 on Monday. The company has a market cap of $66.97 billion, a P/E ratio of 34.22, a PEG ratio of 2.98 and a beta of 0.73. Republic Services, Inc. has a 1 year low of $165.99 and a 1 year high of $220.58. The firm’s 50-day moving average is $209.27 and its 200-day moving average is $204.52. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.64 and a current ratio of 0.64.

Republic Services (NYSE:RSG) last posted its earnings results on Tuesday, October 29th. The business services provider reported $1.81 EPS for the quarter, beating the consensus estimate of $1.61 by $0.20. The company had revenue of $4.08 billion during 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%. The business’s revenue was up 6.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.54 earnings per share. On average, equities analysts expect that Republic Services, Inc. will post 6.25 earnings per share for the current year.

Republic Services Announces Dividend

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

Insider Buying and Selling at Republic Services

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

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.