Trueblood Wealth Management LLC Purchases 408 Shares of Republic Services, Inc. (NYSE:RSG)

Trueblood Wealth Management LLC lifted its position in Republic Services, Inc. (NYSE:RSG) by 4.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,088 shares of the business services provider’s stock after purchasing an additional 408 shares during the quarter. Republic Services comprises about 0.9% of Trueblood Wealth Management LLC’s investment portfolio, making the stock its 19th biggest position. Trueblood Wealth Management LLC’s holdings in Republic Services were worth $1,828,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. TCW Group Inc. increased its stake in Republic Services by 13.0% during the third quarter. TCW Group Inc. now owns 114,582 shares of the business services provider’s stock worth $23,013,000 after acquiring an additional 13,138 shares during the last quarter. Avanza Fonder AB bought a new position in shares of Republic Services during the fourth quarter valued at approximately $4,430,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Republic Services during the third quarter valued at approximately $6,102,000. Lifeworks Advisors LLC boosted its holdings in shares of Republic Services by 1,112.3% in the third quarter. Lifeworks Advisors LLC now owns 21,469 shares of the business services provider’s stock valued at $4,312,000 after purchasing an additional 19,698 shares during the period. Finally, Pallas Capital Advisors LLC purchased a new stake in shares of Republic Services in the fourth quarter valued at approximately $204,000. 57.73% of the stock is owned by institutional investors.

Republic Services Price Performance

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

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

Republic Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd were given a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 1.08%. The ex-dividend date was Thursday, January 2nd. Republic Services’s dividend payout ratio is currently 37.12%.

Insiders Place Their Bets

In other news, Director Katharine Weymouth sold 1,859 shares of the 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 sale, the director now directly owns 879 shares of the company’s stock, valued at $189,222.33. This represents a 67.90 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Brian M. Delghiaccio sold 5,071 shares of the stock in a transaction dated 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 sale, the chief financial officer now directly 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 disclosure for this sale can be found here. 0.09% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on RSG shares. Oppenheimer upped their target price on Republic Services from $219.00 to $220.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. William Blair started coverage on Republic Services in a report on Thursday, October 3rd. They set an “outperform” rating for the company. Morgan Stanley upped their target price on Republic Services from $217.00 to $220.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. Truist Financial upped their target price on Republic Services from $220.00 to $244.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Finally, Scotiabank assumed coverage on Republic Services in a report on Friday, October 4th. They set a “sector perform” rating and a $224.00 target price for the company. Six equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, Republic Services has a consensus rating of “Moderate Buy” and a consensus target price of $221.12.

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.