Republic Services, Inc. (NYSE:RSG) Shares Sold by Evexia Wealth LLC

Evexia Wealth LLC decreased its stake in shares of Republic Services, Inc. (NYSE:RSG) by 1.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 44,554 shares of the business services provider’s stock after selling 542 shares during the period. Republic Services accounts for 3.4% of Evexia Wealth LLC’s investment portfolio, making the stock its 12th biggest position. Evexia Wealth LLC’s holdings in Republic Services were worth $9,850,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in RSG. Arcadia Investment Management Corp MI grew its stake in Republic Services by 200.0% in the 4th quarter. Arcadia Investment Management Corp MI now owns 132 shares of the business services provider’s stock worth $27,000 after acquiring an additional 88 shares during the period. R Squared Ltd purchased a new stake in shares of Republic Services in the fourth quarter valued at $32,000. New Age Alpha Advisors LLC increased its stake in Republic Services by 70.2% in the fourth quarter. New Age Alpha Advisors LLC now owns 177 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 73 shares during the last quarter. Generali Asset Management SPA SGR acquired a new stake in Republic Services in the 4th quarter worth about $45,000. Finally, Bank of Jackson Hole Trust purchased a new stake in Republic Services in the 4th quarter valued at about $48,000. 57.73% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Republic Services

In other news, COO Gregg Brummer sold 6,293 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $228.20, for a total transaction of $1,436,062.60. Following the sale, the chief operating officer now owns 10,416 shares in the company, valued at $2,376,931.20. The trade was a 37.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.09% of the company’s stock.

Republic Services Trading Down 1.6 %

NYSE RSG opened at $227.13 on Wednesday. The company has a 50-day simple moving average of $231.53 and a 200-day simple moving average of $215.73. The firm has a market capitalization of $70.93 billion, a PE ratio of 35.00, a price-to-earnings-growth ratio of 3.64 and a beta of 0.62. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.64 and a current ratio of 0.58. Republic Services, Inc. has a one year low of $180.92 and a one year high of $249.73.

Republic Services (NYSE:RSG) last posted its quarterly earnings results on Thursday, February 13th. The business services provider reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.21. Republic Services had a net margin of 12.74% and a return on equity of 18.28%. The firm had revenue of $4.05 billion for the quarter, compared to analyst estimates of $4.08 billion. During the same quarter in the previous year, the business posted $1.41 earnings per share. On average, equities analysts forecast that Republic Services, Inc. will post 6.86 earnings per share for the current year.

Republic Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Wednesday, April 2nd will be issued a dividend of $0.58 per share. The ex-dividend date is Wednesday, April 2nd. This represents a $2.32 annualized dividend and a yield of 1.02%. Republic Services’s payout ratio is presently 35.75%.

Analyst Ratings Changes

RSG has been the subject of a number of recent analyst reports. Argus set a $260.00 target price on shares of Republic Services in a report on Tuesday, February 18th. CIBC upgraded Republic Services from a “neutral” rating to a “sector outperform” rating and set a $264.00 price objective for the company in a report on Tuesday, March 4th. Royal Bank of Canada upgraded Republic Services from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from $219.00 to $237.00 in a report on Monday, January 6th. Truist Financial reissued a “buy” rating and set a $250.00 price target (up previously from $244.00) on shares of Republic Services in a research report on Friday, February 14th. Finally, Cibc World Mkts raised Republic Services from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 4th. Five equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $238.50.

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.