2,001 Shares in Republic Services, Inc. (NYSE:RSG) Acquired by Murphy & Mullick Capital Management Corp

Murphy & Mullick Capital Management Corp bought a new position in Republic Services, Inc. (NYSE:RSG) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 2,001 shares of the business services provider’s stock, valued at approximately $403,000.

Several other hedge funds have also modified their holdings of RSG. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Republic Services by 37.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,682 shares of the business services provider’s stock worth $3,586,000 after acquiring an additional 4,827 shares in the last quarter. TCW Group Inc. raised its position 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 valued at $23,013,000 after buying an additional 13,138 shares during the period. Avanza Fonder AB acquired a new stake in Republic Services during the 4th quarter worth about $4,430,000. Czech National Bank increased its holdings in shares of Republic Services by 6.1% in the 4th quarter. Czech National Bank now owns 44,134 shares of the business services provider’s stock valued at $8,879,000 after purchasing an additional 2,548 shares during the period. Finally, Hickory Point Bank & Trust purchased a new position in Republic Services during the fourth quarter valued at approximately $790,000. 57.73% of the stock is owned by hedge funds and other institutional investors.

Republic Services Stock Performance

NYSE RSG opened at $237.91 on Wednesday. The company’s fifty day moving average is $226.10 and its two-hundred day moving average is $213.16. The firm has a market capitalization of $74.30 billion, a price-to-earnings ratio of 36.66, a P/E/G ratio of 3.64 and a beta of 0.73. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.58 and a quick ratio of 0.64. Republic Services, Inc. has a 52-week low of $180.92 and a 52-week high of $240.95.

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

Republic Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Wednesday, April 2nd will be issued a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 0.98%. The ex-dividend date is Wednesday, April 2nd. Republic Services’s dividend payout ratio (DPR) is presently 35.75%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on RSG shares. UBS Group boosted their price target on Republic Services from $212.00 to $240.00 and gave the company a “neutral” rating in a research note on Wednesday, February 19th. The Goldman Sachs Group increased their price target on shares of Republic Services from $239.00 to $265.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Truist Financial reaffirmed a “buy” rating and issued a $250.00 price objective (up previously from $244.00) on shares of Republic Services in a research note on Friday, February 14th. BMO Capital Markets raised shares of Republic Services from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $211.00 to $238.00 in a research report on Friday, December 6th. Finally, William Blair reiterated an “outperform” rating on shares of Republic Services in a research note on Friday, February 14th. Five analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $236.88.

Insider Transactions at Republic Services

In other Republic Services news, COO Gregg Brummer sold 6,293 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the chief operating officer now owns 10,416 shares in the company, valued at $2,376,931.20. This trade represents a 37.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.09% of the stock is owned by insiders.

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.