Republic Services, Inc. (NYSE:RSG) Shares Sold by Autumn Glory Partners LLC

Autumn Glory Partners LLC trimmed its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 50.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,655 shares of the business services provider’s stock after selling 1,655 shares during the quarter. Autumn Glory Partners LLC’s holdings in Republic Services were worth $333,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in RSG. FSA Wealth Management LLC purchased a new stake in shares of Republic Services during the third quarter worth approximately $25,000. Wolff Wiese Magana LLC increased its position in shares of Republic Services by 351.6% during the third quarter. Wolff Wiese Magana LLC now owns 140 shares of the business services provider’s stock worth $28,000 after purchasing an additional 109 shares in the last quarter. R Squared Ltd purchased a new stake in shares of Republic Services during the fourth quarter worth approximately $32,000. Truvestments Capital LLC purchased a new stake in shares of Republic Services during the third quarter worth approximately $34,000. Finally, Ashton Thomas Securities LLC purchased a new stake in shares of Republic Services during the third quarter worth approximately $39,000. 57.73% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Republic Services news, CFO Brian M. Delghiaccio sold 5,071 shares of the business’s 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 completion of the sale, the chief financial officer now owns 6,318 shares of the company’s stock, valued at approximately $1,326,906.36. The trade was a 44.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Katharine Weymouth sold 1,859 shares of the business’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $215.27, for a total value of $400,186.93. Following the transaction, the director now owns 879 shares in the company, valued at approximately $189,222.33. This represents a 67.90 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.09% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the company. Truist Financial reiterated a “buy” rating and set a $250.00 price target (up from $244.00) on shares of Republic Services in a research report on Friday. Royal Bank of Canada upgraded Republic Services from a “sector perform” rating to an “outperform” rating and upped their target price for the company from $219.00 to $237.00 in a report on Monday, January 6th. Morgan Stanley upped their target price on Republic Services from $220.00 to $230.00 and gave the company an “equal weight” rating in a report on Friday. Oppenheimer upped their target price on Republic Services from $219.00 to $220.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Finally, Jefferies Financial Group upped their target price on Republic Services from $235.00 to $244.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Six investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $225.38.

Republic Services Price Performance

RSG opened at $230.98 on Friday. The stock’s 50-day moving average price is $210.65 and its 200 day moving average price is $207.06. Republic Services, Inc. has a 12-month low of $177.03 and a 12-month high of $232.52. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.07. The firm has a market cap of $72.33 billion, a price-to-earnings ratio of 36.96, a PEG ratio of 3.24 and a beta of 0.74.

Republic Services (NYSE:RSG) last released its quarterly earnings data on Thursday, February 13th. The business services provider reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.21. Republic Services had a return on equity of 18.18% and a net margin of 12.46%. During the same period in the prior year, the company posted $1.41 EPS. As a group, sell-side analysts expect that Republic Services, Inc. will post 6.25 earnings per share for the current year.

Republic Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Wednesday, April 2nd will be issued a $0.58 dividend. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $2.32 annualized dividend and a dividend yield of 1.00%. Republic Services’s dividend payout ratio is currently 37.12%.

Republic Services 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.