Republic Services, Inc. (NYSE:RSG) Shares Acquired by Diametric Capital LP

Diametric Capital LP boosted its stake in Republic Services, Inc. (NYSE:RSG) by 33.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,627 shares of the business services provider’s stock after buying an additional 654 shares during the period. Diametric Capital LP’s holdings in Republic Services were worth $528,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of RSG. FSA Wealth Management LLC acquired a new position in Republic Services during the 3rd quarter valued at about $25,000. Arcadia Investment Management Corp MI boosted its position in Republic Services by 200.0% during the 4th quarter. Arcadia Investment Management Corp MI now owns 132 shares of the business services provider’s stock worth $27,000 after acquiring an additional 88 shares during the period. R Squared Ltd bought a new position in Republic Services in the 4th quarter valued at about $32,000. New Age Alpha Advisors LLC boosted its stake in 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 valued at $36,000 after purchasing an additional 73 shares in the last quarter. Finally, Generali Asset Management SPA SGR acquired a new position in Republic Services during the fourth quarter worth about $45,000. Institutional investors and hedge funds own 57.73% of the company’s stock.

Republic Services Trading Up 1.6 %

NYSE RSG opened at $242.42 on Tuesday. The company has a current ratio of 0.58, a quick ratio of 0.64 and a debt-to-equity ratio of 1.04. Republic Services, Inc. has a 1-year low of $180.92 and a 1-year high of $243.13. The firm’s fifty day simple moving average is $228.29 and its 200-day simple moving average is $214.13. The company has a market capitalization of $75.70 billion, a PE ratio of 37.35, a price-to-earnings-growth ratio of 3.64 and a beta of 0.73.

Republic Services (NYSE:RSG) last issued its earnings results on Thursday, February 13th. The business services provider reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.21. The company had revenue of $4.05 billion for the quarter, compared to analyst estimates of $4.08 billion. Republic Services had a return on equity of 18.28% and a net margin of 12.74%. During the same period in the prior year, the firm posted $1.41 EPS. As a group, sell-side analysts anticipate that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.

Republic Services Dividend Announcement

The firm 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. The ex-dividend date is Wednesday, April 2nd. This represents a $2.32 dividend on an annualized basis and a dividend yield of 0.96%. Republic Services’s dividend payout ratio is currently 35.75%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on RSG. Stifel Nicolaus lifted their price objective on shares of Republic Services from $240.00 to $257.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Morgan Stanley lifted their price target on shares of Republic Services from $220.00 to $230.00 and gave the stock an “equal weight” rating in a research report on Friday, February 14th. Deutsche Bank Aktiengesellschaft upgraded Republic Services from a “hold” rating to a “buy” rating and increased their price objective for the company from $219.00 to $237.00 in a research report on Tuesday, December 10th. BMO Capital Markets raised Republic Services from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $211.00 to $238.00 in a research report on Friday, December 6th. Finally, Truist Financial reissued a “buy” rating and issued a $250.00 price target (up previously from $244.00) on shares of Republic Services in a research note on Friday, February 14th. Five equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $236.88.

Insider Activity at Republic Services

In other Republic Services news, COO Gregg Brummer sold 6,293 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The stock was 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. This trade represents a 37.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.09% of the stock is owned by company 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.