Republic Services, Inc. (NYSE:RSG) Stock Holdings Lessened by Quantbot Technologies LP

Quantbot Technologies LP decreased its stake in Republic Services, Inc. (NYSE:RSG) by 99.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 156 shares of the business services provider’s stock after selling 32,599 shares during the period. Quantbot Technologies LP’s holdings in Republic Services were worth $31,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. FSA Wealth Management LLC bought a new stake in Republic Services during the 3rd quarter valued at $25,000. Arcadia Investment Management Corp MI raised its stake in shares of Republic Services by 200.0% during 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 in the last quarter. R Squared Ltd acquired a new stake in Republic Services in the fourth quarter worth about $32,000. Generali Asset Management SPA SGR bought a new stake in shares of Republic Services during the 4th quarter worth about $45,000. Finally, Bank of Jackson Hole Trust acquired a new stake in shares of Republic Services in the 4th quarter worth approximately $48,000. Institutional investors and hedge funds own 57.73% of the company’s stock.

Wall Street Analyst Weigh In

RSG has been the subject of several research reports. Royal Bank of Canada raised Republic Services from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from $219.00 to $237.00 in a research note on Monday, January 6th. Stifel Nicolaus increased their price target on Republic Services from $240.00 to $257.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. BMO Capital Markets upgraded Republic Services from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $211.00 to $238.00 in a report on Friday, December 6th. CIBC upgraded shares of Republic Services from a “neutral” rating to a “sector outperform” rating and set a $264.00 target price for the company in a report on Tuesday, March 4th. Finally, Truist Financial restated a “buy” rating and set a $250.00 price target (up previously from $244.00) on shares of Republic Services in a report on Friday, February 14th. Five investment 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 stock. According to data from MarketBeat, Republic Services currently has an average rating of “Moderate Buy” and a consensus target price of $236.88.

Insider Buying and Selling

In other Republic Services news, COO Gregg Brummer sold 6,293 shares of the company’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 transaction, the chief operating officer now directly owns 10,416 shares of the company’s stock, valued at $2,376,931.20. This represents a 37.66 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.09% of the stock is owned by insiders.

Republic Services Price Performance

Shares of RSG opened at $243.57 on Wednesday. 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 stock has a market cap of $76.06 billion, a P/E ratio of 37.53, a price-to-earnings-growth ratio of 3.64 and a beta of 0.73. The stock’s 50-day moving average price is $228.86 and its two-hundred day moving average price is $214.39. Republic Services, Inc. has a 1 year low of $180.92 and a 1 year high of $244.00.

Republic Services (NYSE:RSG) last announced its earnings results on Thursday, February 13th. The business services provider reported $1.58 EPS for the quarter, topping 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 firm had revenue of $4.05 billion for the quarter, compared to the consensus estimate of $4.08 billion. During the same period last year, the company posted $1.41 EPS. On average, equities analysts predict that Republic Services, Inc. will post 6.86 earnings per share for the current year.

Republic Services Dividend Announcement

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

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.