HighPoint Advisor Group LLC Has $1.48 Million Position in Republic Services, Inc. (NYSE:RSG)

HighPoint Advisor Group LLC increased its stake in shares of Republic Services, Inc. (NYSE:RSG) by 14.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,619 shares of the business services provider’s stock after acquiring an additional 849 shares during the period. HighPoint Advisor Group LLC’s holdings in Republic Services were worth $1,478,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the stock. FSA Wealth Management LLC bought a new position in shares of Republic Services in the third quarter valued at $25,000. Arcadia Investment Management Corp MI increased its holdings in shares of Republic Services by 200.0% in the fourth quarter. Arcadia Investment Management Corp MI now owns 132 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 88 shares during the last quarter. R Squared Ltd bought a new position in shares of Republic Services in the fourth quarter valued at about $32,000. New Age Alpha Advisors LLC boosted its holdings in shares of Republic Services by 70.2% during the 4th quarter. New Age Alpha Advisors LLC now owns 177 shares of the business services provider’s stock worth $36,000 after buying an additional 73 shares during the period. Finally, Generali Asset Management SPA SGR acquired a new position in Republic Services in the 4th quarter valued at about $45,000. 57.73% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, COO Gregg Brummer sold 6,293 shares of the stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $228.20, for a total value of $1,436,062.60. Following the completion of the sale, the chief operating officer now directly owns 10,416 shares in the company, valued at $2,376,931.20. This represents a 37.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.09% of the stock is owned by corporate insiders.

Republic Services Stock Up 1.6 %

Shares of NYSE RSG opened at $242.42 on Tuesday. The stock has a 50-day moving average price of $228.29 and a two-hundred day moving average price of $214.13. Republic Services, Inc. has a 12 month low of $180.92 and a 12 month high of $243.13. The company has a current ratio of 0.58, a quick ratio of 0.64 and a debt-to-equity ratio of 1.04. The company has a market cap of $75.70 billion, a price-to-earnings ratio of 37.35, a PEG ratio of 3.64 and a beta of 0.73.

Republic Services (NYSE:RSG) last issued its quarterly earnings data on Thursday, February 13th. The business services provider reported $1.58 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 business had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $4.08 billion. During the same quarter in the prior year, the firm earned $1.41 EPS. As a group, analysts forecast that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.

Republic Services Dividend Announcement

The company 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 dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 0.96%. The ex-dividend date is Wednesday, April 2nd. Republic Services’s dividend payout ratio (DPR) is currently 35.75%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on RSG shares. Stifel Nicolaus boosted their price objective on Republic Services from $240.00 to $257.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. CIBC raised Republic Services from a “neutral” rating to a “sector outperform” rating and set a $264.00 price objective on the stock in a report on Tuesday, March 4th. Royal Bank of Canada raised shares of Republic Services from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from $219.00 to $237.00 in a research report on Monday, January 6th. Argus set a $260.00 price target on shares of Republic Services in a research report on Tuesday, February 18th. Finally, Truist Financial reaffirmed a “buy” rating and set a $250.00 target price (up from $244.00) on shares of Republic Services in a report on Friday, February 14th. Five equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $236.88.

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.