Gotham Asset Management LLC Has $16.28 Million Stake in Republic Services, Inc. (NYSE:RSG)

Gotham Asset Management LLC raised its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 16.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 80,929 shares of the business services provider’s stock after buying an additional 11,503 shares during the period. Gotham Asset Management LLC’s holdings in Republic Services were worth $16,281,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Barclays PLC increased its holdings in Republic Services by 11.0% during the 3rd quarter. Barclays PLC now owns 675,163 shares of the business services provider’s stock worth $135,598,000 after purchasing an additional 66,842 shares in the last quarter. Diversified Trust Co raised its position in Republic Services by 12.1% in the 4th quarter. Diversified Trust Co now owns 1,537 shares of the business services provider’s stock valued at $309,000 after buying an additional 166 shares during the last quarter. Graypoint LLC lifted its stake in Republic Services by 4.7% during the 4th quarter. Graypoint LLC now owns 1,525 shares of the business services provider’s stock valued at $307,000 after acquiring an additional 68 shares in the last quarter. Czech National Bank grew its stake in shares of Republic Services by 6.1% in the 4th quarter. Czech National Bank now owns 44,134 shares of the business services provider’s stock worth $8,879,000 after acquiring an additional 2,548 shares in the last quarter. Finally, Fiduciary Alliance LLC lifted its position in shares of Republic Services by 0.8% during the fourth quarter. Fiduciary Alliance LLC now owns 41,547 shares of the business services provider’s stock valued at $8,358,000 after purchasing an additional 318 shares in the last quarter. Institutional investors and hedge funds own 57.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on RSG shares. Cibc World Mkts upgraded shares of Republic Services from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 4th. Scotiabank upped their price objective on Republic Services from $233.00 to $250.00 and gave the company a “sector perform” rating in a research note on Tuesday, April 8th. Truist Financial lifted their target price on Republic Services from $250.00 to $270.00 and gave the stock a “buy” rating in a research note on Tuesday, April 22nd. Raymond James restated an “outperform” rating on shares of Republic Services in a research report on Wednesday, April 16th. Finally, Robert W. Baird lifted their price objective on shares of Republic Services from $232.00 to $245.00 and gave the stock a “neutral” rating in a research report on Friday, April 25th. Five analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $249.00.

Republic Services Trading Down 0.3 %

Republic Services stock opened at $248.56 on Friday. The stock has a market cap of $77.67 billion, a P/E ratio of 38.30, a PEG ratio of 3.64 and a beta of 0.66. Republic Services, Inc. has a fifty-two week low of $180.92 and a fifty-two week high of $253.54. The firm’s fifty day moving average price is $240.12 and its 200-day moving average price is $222.68. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.64 and a current ratio of 0.58.

Republic Services (NYSE:RSG) last issued its quarterly earnings data on Thursday, April 24th. The business services provider reported $1.58 EPS for the quarter, topping the consensus estimate of $1.53 by $0.05. Republic Services had a return on equity of 18.28% and a net margin of 12.74%. The company had revenue of $4.01 billion during the quarter, compared to analyst estimates of $4.08 billion. During the same quarter in the previous year, the firm earned $1.45 earnings per share. Republic Services’s revenue was up 3.8% on a year-over-year basis. Equities research analysts forecast that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.

Republic Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Wednesday, July 2nd will be paid a $0.58 dividend. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $2.32 dividend on an annualized basis and a yield of 0.93%. Republic Services’s dividend payout ratio is presently 34.99%.

Insiders Place Their Bets

In related news, COO Gregg Brummer sold 6,293 shares of the business’s stock in a transaction that occurred 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 owns 10,416 shares in the company, valued at $2,376,931.20. The trade was a 37.66 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.11% of the company’s stock.

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.