EverSource Wealth Advisors LLC lifted its position in shares of Republic Services, Inc. (NYSE:RSG – Free Report) by 58.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,418 shares of the business services provider’s stock after buying an additional 3,470 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Republic Services were worth $2,063,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of RSG. CBIZ Investment Advisory Services LLC boosted its holdings in shares of Republic Services by 11.3% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 445 shares of the business services provider’s stock worth $94,000 after purchasing an additional 45 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. boosted its stake in Republic Services by 0.5% in the 4th quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 10,454 shares of the business services provider’s stock worth $2,216,000 after buying an additional 48 shares during the last quarter. Williams Jones Wealth Management LLC. grew its holdings in Republic Services by 2.6% in the 4th quarter. Williams Jones Wealth Management LLC. now owns 1,925 shares of the business services provider’s stock valued at $408,000 after buying an additional 49 shares during the period. AlphaCentric Advisors LLC increased its stake in shares of Republic Services by 5.9% during the 1st quarter. AlphaCentric Advisors LLC now owns 903 shares of the business services provider’s stock valued at $198,000 after acquiring an additional 50 shares during the last quarter. Finally, ICONIQ Capital LLC lifted its holdings in shares of Republic Services by 3.3% during the 2nd quarter. ICONIQ Capital LLC now owns 1,558 shares of the business services provider’s stock worth $384,000 after acquiring an additional 50 shares during the period. Hedge funds and other institutional investors own 57.73% of the company’s stock.
Republic Services Stock Performance
Shares of NYSE:RSG opened at $219.26 on Thursday. The company has a market cap of $67.46 billion, a P/E ratio of 31.46, a PEG ratio of 3.62 and a beta of 0.40. The business’s 50-day simple moving average is $212.46 and its 200 day simple moving average is $215.01. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.67 and a current ratio of 0.67. Republic Services, Inc. has a one year low of $196.41 and a one year high of $240.91.
Republic Services Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Thursday, July 2nd were paid a dividend of $0.625 per share. The ex-dividend date was Thursday, July 2nd. This represents a $2.50 annualized dividend and a yield of 1.1%. Republic Services’s dividend payout ratio is 35.87%.
Analyst Upgrades and Downgrades
A number of research firms recently issued reports on RSG. Citigroup boosted their target price on shares of Republic Services from $247.00 to $259.00 and gave the company a “buy” rating in a report on Friday, July 10th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Republic Services in a report on Friday, July 24th. Argus cut shares of Republic Services from a “buy” rating to a “hold” rating in a research note on Monday, May 11th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating and issued a $249.00 target price on shares of Republic Services in a research report on Friday, May 8th. Finally, Robert W. Baird reduced their target price on Republic Services from $242.00 to $240.00 and set a “neutral” rating on the stock in a report on Thursday, April 16th. Eleven analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $243.89.
View Our Latest Stock Analysis on RSG
Insider Buying and Selling
In other news, Director Sandra M. Volpe sold 1,800 shares of the business’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $211.28, for a total transaction of $380,304.00. Following the completion of the transaction, the director owned 58 shares of the company’s stock, valued at approximately $12,254.24. The trade was a 96.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Cascade Investment, L.L.C. acquired 366,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The stock was purchased at an average price of $202.24 per share, for a total transaction of $74,019,840.00. Following the completion of the transaction, the insider owned 110,315,982 shares in the company, valued at $22,310,304,199.68. The trade was a 0.33% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders acquired 987,150 shares of company stock valued at $202,366,682. 0.12% of the stock is currently owned by insiders.
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.
Further Reading
- Five stocks we like better than Republic Services
- Why SK hynix Could Be the Best AI Chip Stock to Buy Now
- Seagate Technology Stock Surges as Earnings Beat Silences AI Doubters
- Alphabet Is Down 18% From Its High After a Stellar Quarter—Overdone, or More Downside Ahead?
- Why Bloom Energy May Be the Most Important AI Infrastructure Stock
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.
