Republic Services, Inc. (NYSE:RSG) Shares Bought by Metis Global Partners LLC

Metis Global Partners LLC raised its holdings in Republic Services, Inc. (NYSE:RSG) by 5.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,079 shares of the business services provider’s stock after purchasing an additional 349 shares during the quarter. Metis Global Partners LLC’s holdings in Republic Services were worth $1,424,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. McGlone Suttner Wealth Management Inc. increased its stake in Republic Services by 2.2% in the fourth quarter. McGlone Suttner Wealth Management Inc. now owns 2,213 shares of the business services provider’s stock valued at $445,000 after purchasing an additional 48 shares during the period. Simmons Bank increased its stake in shares of Republic Services by 2.8% during the third quarter. Simmons Bank now owns 1,895 shares of the business services provider’s stock worth $381,000 after acquiring an additional 51 shares during the period. Access Financial Services Inc. increased its stake in shares of Republic Services by 0.8% during the fourth quarter. Access Financial Services Inc. now owns 6,178 shares of the business services provider’s stock worth $1,243,000 after acquiring an additional 51 shares during the period. Hantz Financial Services Inc. increased its stake in shares of Republic Services by 1.0% during the third quarter. Hantz Financial Services Inc. now owns 5,099 shares of the business services provider’s stock worth $1,024,000 after acquiring an additional 52 shares during the period. Finally, Venturi Wealth Management LLC increased its stake in shares of Republic Services by 16.5% during the third quarter. Venturi Wealth Management LLC now owns 382 shares of the business services provider’s stock worth $77,000 after acquiring an additional 54 shares during the period. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Republic Services Stock Up 1.0 %

Shares of NYSE RSG opened at $239.49 on Tuesday. Republic Services, Inc. has a 12-month low of $180.91 and a 12-month high of $240.64. The company has a market capitalization of $74.79 billion, a PE ratio of 36.90, a price-to-earnings-growth ratio of 3.64 and a beta of 0.74. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.58 and a quick ratio of 0.64. The firm’s 50-day moving average is $216.48 and its two-hundred day moving average is $210.05.

Republic Services (NYSE:RSG) last announced its quarterly earnings results on Thursday, February 13th. The business services provider reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.21. Republic Services had a net margin of 12.74% and a return on equity of 18.28%. The company had revenue of $4.05 billion for the quarter, compared to the consensus estimate of $4.08 billion. During the same quarter in the prior year, the firm earned $1.41 earnings per share. Equities analysts anticipate that Republic Services, Inc. will post 6.86 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. Investors of record on Wednesday, April 2nd will be paid a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 0.97%. The ex-dividend date is Wednesday, April 2nd. Republic Services’s payout ratio is 35.75%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on RSG shares. 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 note on Friday, February 14th. BMO Capital Markets upgraded shares of Republic Services from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $211.00 to $238.00 in a research note on Friday, December 6th. Argus set a $260.00 price target on shares of Republic Services in a research note on Tuesday, February 18th. CIBC upped their target price on shares of Republic Services from $217.00 to $227.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 4th. Finally, UBS Group upped their target price on shares of Republic Services from $212.00 to $240.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 19th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $234.56.

Insider Activity at Republic Services

In related news, Director Katharine Weymouth sold 1,859 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $215.27, for a total transaction of $400,186.93. Following the transaction, the director now owns 879 shares of the company’s stock, valued at approximately $189,222.33. This represents a 67.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Gregg Brummer sold 6,293 shares of the company’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $228.20, for a total transaction of $1,436,062.60. Following the transaction, the chief operating officer now directly owns 10,416 shares in the company, valued at $2,376,931.20. The trade was a 37.66 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.09% of the company’s stock.

About Republic Services

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.