Republic Services, Inc. (NYSE:RSG) Stock Position Decreased by Ossiam

Ossiam lowered its position in Republic Services, Inc. (NYSE:RSG) by 15.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,361 shares of the business services provider’s stock after selling 1,376 shares during the period. Ossiam’s holdings in Republic Services were worth $1,481,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Republic Services by 37.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,682 shares of the business services provider’s stock valued at $3,586,000 after acquiring an additional 4,827 shares in the last quarter. DnB Asset Management AS raised its position in shares of Republic Services by 65.1% in the fourth quarter. DnB Asset Management AS now owns 72,931 shares of the business services provider’s stock valued at $14,672,000 after purchasing an additional 28,764 shares during the period. Avanza Fonder AB bought a new stake in shares of Republic Services during the 4th quarter worth $4,430,000. Czech National Bank grew its stake in Republic Services by 6.1% in the 4th quarter. Czech National Bank now owns 44,134 shares of the business services provider’s stock valued at $8,879,000 after buying an additional 2,548 shares during the last quarter. Finally, Hickory Point Bank & Trust acquired a new position in Republic Services during the 4th quarter worth $790,000. Institutional investors and hedge funds own 57.73% of the company’s stock.

Republic Services Price Performance

Shares of RSG stock opened at $243.11 on Monday. The stock’s fifty day simple moving average is $235.49 and its 200 day simple moving average is $218.29. Republic Services, Inc. has a one year low of $180.92 and a one year high of $249.73. The firm has a market cap of $75.92 billion, a price-to-earnings ratio of 37.46, a P/E/G ratio of 3.64 and a beta of 0.62. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.58 and a quick ratio of 0.64.

Republic Services (NYSE:RSG) last issued its earnings results 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. The company had revenue of $4.05 billion for the quarter, compared to the consensus estimate of $4.08 billion. Republic Services had a net margin of 12.74% and a return on equity of 18.28%. During the same quarter in the previous year, the company earned $1.41 EPS. On average, analysts expect that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.

Republic Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Wednesday, April 2nd were issued a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend was Wednesday, April 2nd. Republic Services’s payout ratio is currently 35.75%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on RSG. Raymond James reissued an “outperform” rating on shares of Republic Services in a research report on Wednesday. Scotiabank upped their price target on Republic Services from $233.00 to $250.00 and gave the stock a “sector perform” rating in a report on Tuesday, April 8th. Truist Financial reaffirmed a “buy” rating and set a $250.00 target price (up previously from $244.00) on shares of Republic Services in a research report on Friday, February 14th. William Blair reissued an “outperform” rating on shares of Republic Services in a report on Friday, February 14th. Finally, UBS Group boosted their price objective on shares of Republic Services from $240.00 to $250.00 and gave the stock a “neutral” rating in a report on Friday, April 11th. Five investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $239.13.

Insider Buying and Selling

In other news, COO Gregg Brummer sold 6,293 shares of the firm’s 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 approximately $2,376,931.20. This trade represents a 37.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.09% of the stock is owned by corporate insiders.

Republic Services Company 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.