Peachtree Investment Partners LLC cut its holdings in shares of Republic Services, Inc. (NYSE:RSG – Free Report) by 69.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 1,042 shares of the business services provider’s stock after selling 2,402 shares during the period. Peachtree Investment Partners LLC’s holdings in Republic Services were worth $221,000 at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of the company. MCF Advisors LLC lifted its holdings in shares of Republic Services by 72.3% in the fourth quarter. MCF Advisors LLC now owns 224 shares of the business services provider’s stock valued at $47,000 after purchasing an additional 94 shares in the last quarter. Pinebridge Investments LLC bought a new stake in Republic Services during the fourth quarter worth about $1,062,000. Parallel Advisors LLC raised its holdings in Republic Services by 5.4% during the fourth quarter. Parallel Advisors LLC now owns 3,995 shares of the business services provider’s stock worth $847,000 after acquiring an additional 204 shares in the last quarter. J.W. Cole Advisors Inc. raised its holdings in Republic Services by 5.0% during the fourth quarter. J.W. Cole Advisors Inc. now owns 8,974 shares of the business services provider’s stock worth $1,765,000 after acquiring an additional 424 shares in the last quarter. Finally, Vise Technologies Inc. raised its holdings in Republic Services by 69.1% during the fourth quarter. Vise Technologies Inc. now owns 9,714 shares of the business services provider’s stock worth $2,059,000 after acquiring an additional 3,970 shares in the last quarter. 57.73% of the stock is currently owned by institutional investors.
Republic Services Price Performance
Republic Services stock opened at $210.59 on Friday. Republic Services, Inc. has a 12 month low of $196.41 and a 12 month high of $255.47. The stock’s 50 day moving average is $209.81 and its 200-day moving average is $214.75. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 1.11. The company has a market capitalization of $64.79 billion, a price-to-earnings ratio of 30.21, a PEG ratio of 3.42 and a beta of 0.41.
Republic Services Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Thursday, July 2nd will be paid a $0.625 dividend. This represents a $2.50 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Thursday, July 2nd. Republic Services’s payout ratio is 35.87%.
Analysts Set New Price Targets
Several research firms recently issued reports on RSG. Royal Bank Of Canada upped their target price on Republic Services from $265.00 to $267.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. JPMorgan Chase & Co. boosted their price target on Republic Services from $233.00 to $245.00 and gave the stock a “neutral” rating in a research report on Friday, April 10th. Barclays boosted their price target on Republic Services from $227.00 to $233.00 and gave the stock an “equal weight” rating in a research report on Monday, May 11th. Robert W. Baird lowered their price target on Republic Services from $242.00 to $240.00 and set a “neutral” rating on the stock in a research report on Thursday, April 16th. Finally, Argus downgraded Republic Services from a “buy” rating to a “hold” rating in a research report on Monday, May 11th. Eleven equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $245.15.
Check Out Our Latest Report on RSG
Insider Activity
In related news, major shareholder Cascade Investment, L.L.C. purchased 60,700 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The stock was acquired at an average cost of $213.31 per share, for a total transaction of $12,947,917.00. Following the completion of the purchase, the insider owned 110,803,982 shares in the company, valued at approximately $23,635,597,400.42. This represents a 0.05% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders purchased 987,150 shares of company stock valued at $202,366,682 in the last three months. Insiders own 0.12% of the company’s stock.
About Republic Services
Republic Services, Inc is a leading provider of non-hazardous solid waste and recycling services in the United States. The company offers a broad range of waste management solutions to residential, commercial, industrial and municipal customers, positioning itself as a full-service partner for everyday waste collection as well as specialized disposal needs.
Republic’s core operations include curbside and commercial collection, transfer and hauling, materials recovery and recycling facilities, and landfill disposal.
Read More
- Five stocks we like better than Republic Services
- AI Server Earnings: Wall Street Sees One Clear Standout
- Navitas: NVIDIA’s AI Power Broker?
- A Lulu of a Miss Sends Lululemon to New Lows—Look Out Below
- NVIDIA’s New Power Play: Why Fluence Is Surging
Want to see what other hedge funds are holding RSG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Republic Services, Inc. (NYSE:RSG – Free Report).
Receive News & Ratings for Republic Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Republic Services and related companies with MarketBeat.com's FREE daily email newsletter.
