OMERS ADMINISTRATION Corp Acquires 1,560 Shares of Republic Services, Inc. (NYSE:RSG)

OMERS ADMINISTRATION Corp increased its holdings in Republic Services, Inc. (NYSE:RSG) by 20.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,192 shares of the business services provider’s stock after buying an additional 1,560 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Republic Services were worth $1,849,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Arcadia Investment Management Corp MI boosted its stake in Republic Services by 200.0% during the fourth quarter. Arcadia Investment Management Corp MI now owns 132 shares of the business services provider’s stock valued at $27,000 after buying an additional 88 shares during the period. R Squared Ltd bought a new stake in shares of Republic Services during the 4th quarter valued at about $32,000. New Age Alpha Advisors LLC grew its holdings in shares of Republic Services by 70.2% during the fourth quarter. New Age Alpha Advisors LLC now owns 177 shares of the business services provider’s stock worth $36,000 after purchasing an additional 73 shares in the last quarter. Generali Asset Management SPA SGR bought a new position in shares of Republic Services in the fourth quarter worth approximately $45,000. Finally, Bank of Jackson Hole Trust purchased a new stake in Republic Services in the fourth quarter valued at approximately $48,000. Institutional investors own 57.73% of the company’s stock.

Republic Services Stock Performance

Shares of RSG stock opened at $244.95 on Friday. Republic Services, Inc. has a 52-week low of $180.92 and a 52-week high of $253.54. The company has a quick ratio of 0.64, a current ratio of 0.58 and a debt-to-equity ratio of 1.04. The stock has a market cap of $76.55 billion, a PE ratio of 37.74, a price-to-earnings-growth ratio of 3.64 and a beta of 0.66. The business has a 50-day simple moving average of $240.68 and a 200-day simple moving average of $223.63.

Republic Services (NYSE:RSG) last posted its earnings results on Thursday, April 24th. The business services provider reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.53 by $0.05. The firm had revenue of $4.01 billion for the quarter, compared to analysts’ expectations of $4.08 billion. Republic Services had a return on equity of 18.28% and a net margin of 12.74%. During the same period last year, the firm earned $1.45 EPS. The company’s quarterly revenue was up 3.8% on a year-over-year basis. On average, equities analysts expect that Republic Services, Inc. will post 6.86 EPS for the current year.

Republic Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Wednesday, July 2nd will be paid a dividend of $0.58 per share. The ex-dividend date is Wednesday, July 2nd. This represents a $2.32 annualized dividend and a yield of 0.95%. Republic Services’s dividend payout ratio (DPR) is 34.99%.

Insider Buying and Selling at Republic Services

In other news, COO Gregg Brummer sold 6,293 shares of Republic Services stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $228.20, for a total value of $1,436,062.60. Following the completion of the sale, the chief operating officer now directly owns 10,416 shares of the company’s stock, valued at approximately $2,376,931.20. The trade was a 37.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.11% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on RSG shares. Scotiabank raised their price objective on shares of Republic Services from $233.00 to $250.00 and gave the company a “sector perform” rating in a research report on Tuesday, April 8th. Truist Financial lifted their price target on Republic Services from $250.00 to $270.00 and gave the stock a “buy” rating in a research note on Tuesday, April 22nd. Argus set a $260.00 price objective on Republic Services in a report on Tuesday, February 18th. Royal Bank of Canada restated an “outperform” rating and issued a $266.00 target price on shares of Republic Services in a research report on Friday, April 25th. Finally, Cibc World Mkts upgraded shares of Republic Services from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 4th. Five research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $249.00.

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.