Root Financial Partners LLC Purchases New Holdings in Republic Services, Inc. (NYSE:RSG)

Root Financial Partners LLC purchased a new stake in Republic Services, Inc. (NYSE:RSG) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 1,006 shares of the business services provider’s stock, valued at approximately $202,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. FSA Wealth Management LLC acquired a new stake in Republic Services during the 3rd quarter worth $25,000. Wolff Wiese Magana LLC grew its holdings in Republic Services by 351.6% during the 3rd quarter. Wolff Wiese Magana LLC now owns 140 shares of the business services provider’s stock worth $28,000 after acquiring an additional 109 shares during the period. R Squared Ltd acquired a new stake in Republic Services during the 4th quarter worth $32,000. Truvestments Capital LLC acquired a new stake in Republic Services during the 3rd quarter worth $34,000. Finally, Ashton Thomas Securities LLC bought a new position in shares of Republic Services during the third quarter worth $39,000. Institutional investors and hedge funds own 57.73% of the company’s stock.

Insider Transactions at Republic Services

In related news, CFO Brian M. Delghiaccio sold 5,071 shares of the company’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $210.02, for a total value of $1,065,011.42. Following the transaction, the chief financial officer now owns 6,318 shares in the company, valued at approximately $1,326,906.36. This represents a 44.53 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Katharine Weymouth sold 1,859 shares of the company’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $215.27, for a total transaction of $400,186.93. Following the completion of the transaction, the director now owns 879 shares in the company, valued at approximately $189,222.33. This trade represents a 67.90 % decrease in their position. The disclosure for this sale can be found here. 0.09% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on RSG shares. BMO Capital Markets raised shares of Republic Services from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $211.00 to $238.00 in a research report on Friday, December 6th. William Blair reissued an “outperform” rating on shares of Republic Services in a research report on Friday. Oppenheimer lifted their price target on shares of Republic Services from $219.00 to $220.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Truist Financial reissued 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. Finally, Morgan Stanley boosted their price objective on shares of Republic Services from $220.00 to $230.00 and gave the company an “equal weight” rating in a research report on Friday. Six investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $225.38.

Republic Services Trading Up 2.9 %

Shares of NYSE:RSG opened at $230.98 on Friday. The company’s 50-day moving average price is $210.65 and its two-hundred day moving average price is $207.06. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.64 and a quick ratio of 0.64. Republic Services, Inc. has a one year low of $177.03 and a one year high of $232.52. The stock has a market capitalization of $72.33 billion, a PE ratio of 36.96, a price-to-earnings-growth ratio of 3.24 and a beta of 0.74.

Republic Services (NYSE:RSG) last issued its quarterly earnings results on Thursday, February 13th. The business services provider reported $1.58 EPS for the quarter, topping the consensus estimate of $1.37 by $0.21. Republic Services had a net margin of 12.46% and a return on equity of 18.18%. During the same quarter in the previous year, the firm posted $1.41 EPS. On average, equities analysts forecast that Republic Services, Inc. will post 6.25 EPS for the current fiscal year.

Republic Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Wednesday, April 2nd will be paid a dividend of $0.58 per share. The ex-dividend date 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 presently 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.