SL Advisors LLC Sells 146 Shares of Republic Services, Inc. (NYSE:RSG)

SL Advisors LLC reduced its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 3.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 4,320 shares of the business services provider’s stock after selling 146 shares during the period. Republic Services comprises 1.4% of SL Advisors LLC’s portfolio, making the stock its 19th biggest position. SL Advisors LLC’s holdings in Republic Services were worth $869,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Private Advisor Group LLC raised its position in Republic Services by 5.2% during the 2nd quarter. Private Advisor Group LLC now owns 18,068 shares of the business services provider’s stock worth $3,511,000 after buying an additional 885 shares during the last quarter. Candriam S.C.A. acquired a new position in shares of Republic Services in the 2nd quarter worth approximately $201,000. Strategic Financial Concepts LLC acquired a new stake in shares of Republic Services in the second quarter valued at $97,000. Caprock Group LLC lifted its position in shares of Republic Services by 172.1% during the second quarter. Caprock Group LLC now owns 3,959 shares of the business services provider’s stock worth $769,000 after purchasing an additional 2,504 shares in the last quarter. Finally, PFG Investments LLC raised its stake in shares of Republic Services by 8.1% in the second quarter. PFG Investments LLC now owns 3,537 shares of the business services provider’s stock valued at $687,000 after acquiring an additional 266 shares in the last quarter. 57.73% of the stock is currently owned by institutional investors.

Insider Activity at Republic Services

In other news, CFO Brian M. Delghiaccio sold 5,071 shares of Republic Services stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $210.02, for a total transaction of $1,065,011.42. Following 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Katharine Weymouth sold 1,859 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 879 shares in the company, valued at approximately $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 Price Performance

Shares of NYSE RSG traded up $3.44 during trading on Wednesday, reaching $206.49. The company had a trading volume of 568,571 shares, compared to its average volume of 819,222. 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 business’s 50 day moving average price is $208.37 and its 200-day moving average price is $203.76. Republic Services, Inc. has a 52 week low of $162.86 and a 52 week high of $220.58. The stock has a market cap of $64.66 billion, a PE ratio of 33.04, a PEG ratio of 3.30 and a beta of 0.73.

Republic Services (NYSE:RSG) last announced its quarterly earnings results on Tuesday, October 29th. The business services provider reported $1.81 EPS for the quarter, beating analysts’ consensus estimates of $1.61 by $0.20. Republic Services had a return on equity of 18.18% and a net margin of 12.46%. The company had revenue of $4.08 billion during the quarter, compared to analysts’ expectations of $4.12 billion. During the same period in the prior year, the business posted $1.54 EPS. Republic Services’s revenue was up 6.5% on a year-over-year basis. Analysts expect that Republic Services, Inc. will post 6.25 earnings per share for the current year.

Republic Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd will be given a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 1.12%. The ex-dividend date is Thursday, January 2nd. Republic Services’s dividend payout ratio (DPR) is currently 37.12%.

Analysts Set New Price Targets

RSG has been the topic of a number of analyst reports. Truist Financial raised their price target on Republic Services from $220.00 to $244.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft upgraded shares of Republic Services from a “hold” rating to a “buy” rating and increased their target price for the stock from $219.00 to $237.00 in a research note on Tuesday, December 10th. Morgan Stanley raised their price target on Republic Services from $217.00 to $220.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. Royal Bank of Canada upgraded Republic Services from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from $219.00 to $237.00 in a research report on Monday. Finally, Scotiabank started coverage on Republic Services in a research note on Friday, October 4th. They issued a “sector perform” rating and a $224.00 target price on the stock. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Republic Services currently has a consensus rating of “Moderate Buy” and an average price target of $221.12.

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.