City Holding Co. Raises Position in Republic Services, Inc. (NYSE:RSG)

City Holding Co. grew its position in shares of Republic Services, Inc. (NYSE:RSG) by 4.6% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 15,997 shares of the business services provider’s stock after acquiring an additional 701 shares during the period. City Holding Co.’s holdings in Republic Services were worth $3,218,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Aaron Wealth Advisors LLC lifted its position in Republic Services by 47.2% during the fourth quarter. Aaron Wealth Advisors LLC now owns 2,416 shares of the business services provider’s stock valued at $486,000 after buying an additional 775 shares during the period. HB Wealth Management LLC lifted its position in Republic Services by 2.2% during the 4th quarter. HB Wealth Management LLC now owns 14,560 shares of the business services provider’s stock valued at $2,929,000 after acquiring an additional 309 shares during the period. Trium Capital LLP grew its holdings in Republic Services by 11.3% in the fourth quarter. Trium Capital LLP now owns 11,178 shares of the business services provider’s stock worth $2,249,000 after purchasing an additional 1,139 shares during the period. Merit Financial Group LLC bought a new position in shares of Republic Services during the fourth quarter valued at approximately $546,000. Finally, Chemistry Wealth Management LLC lifted its holdings in shares of Republic Services by 25.1% during the fourth quarter. Chemistry Wealth Management LLC now owns 1,369 shares of the business services provider’s stock valued at $275,000 after purchasing an additional 275 shares during the last quarter. Institutional investors own 57.73% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Brian M. Delghiaccio sold 5,071 shares of the business’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $210.02, for a total value of $1,065,011.42. Following the transaction, the chief financial officer now owns 6,318 shares of the company’s stock, valued at approximately $1,326,906.36. The trade was a 44.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 transaction of $400,186.93. Following the transaction, the director now directly owns 879 shares of the company’s stock, valued at $189,222.33. The trade was 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 owned by company insiders.

Republic Services Stock Performance

Shares of NYSE RSG opened at $213.85 on Monday. Republic Services, Inc. has a 12-month low of $165.99 and a 12-month high of $220.58. The firm has a market capitalization of $66.97 billion, a price-to-earnings ratio of 34.22, a price-to-earnings-growth ratio of 2.98 and a beta of 0.73. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.07. The firm has a 50 day moving average of $209.27 and a 200 day moving average of $204.52.

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

Republic Services Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. William Blair started coverage on Republic Services in a research report on Thursday, October 3rd. They set an “outperform” rating for the company. Scotiabank assumed coverage on Republic Services in a research report on Friday, October 4th. They issued a “sector perform” rating and a $224.00 price target for the company. Truist Financial increased their price objective on shares of Republic Services from $220.00 to $244.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. CIBC lifted their target price on shares of Republic Services from $217.00 to $227.00 and gave the stock a “neutral” rating in a report on Wednesday, December 4th. Finally, Royal Bank of Canada raised shares of Republic Services from a “sector perform” rating to an “outperform” rating and raised their price target for the company from $219.00 to $237.00 in a research report on Monday, January 6th. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $221.12.

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.