Republic Services, Inc. (NYSE:RSG) Shares Acquired by Perpetual Ltd

Perpetual Ltd raised its position in shares of Republic Services, Inc. (NYSE:RSG) by 9.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 65,987 shares of the business services provider’s stock after acquiring an additional 5,752 shares during the period. Perpetual Ltd’s holdings in Republic Services were worth $12,633,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bogart Wealth LLC acquired a new stake in Republic Services during the 4th quarter worth approximately $30,000. Turtle Creek Wealth Advisors LLC purchased a new position in shares of Republic Services in the 4th quarter valued at $34,000. Jones Financial Companies Lllp lifted its holdings in shares of Republic Services by 3,014.3% during the 4th quarter. Jones Financial Companies Lllp now owns 218 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 211 shares in the last quarter. BKM Wealth Management LLC purchased a new stake in Republic Services during the 4th quarter worth $37,000. Finally, Asset Dedication LLC increased its holdings in Republic Services by 48.1% in the 3rd quarter. Asset Dedication LLC now owns 277 shares of the business services provider’s stock valued at $40,000 after purchasing an additional 90 shares in the last quarter. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Truist Financial upped their target price on Republic Services from $175.00 to $192.00 and gave the stock a “hold” rating in a research report on Wednesday, February 28th. The Goldman Sachs Group increased their price objective on shares of Republic Services from $209.00 to $230.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Royal Bank of Canada initiated coverage on shares of Republic Services in a research report on Monday, April 8th. They set a “sector perform” rating and a $198.00 target price on the stock. Scotiabank raised their price target on shares of Republic Services from $211.00 to $213.00 and gave the company a “sector perform” rating in a report on Wednesday, May 1st. Finally, Jefferies Financial Group boosted their price objective on shares of Republic Services from $213.00 to $225.00 and gave the stock a “buy” rating in a report on Monday, March 18th. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $201.14.

Republic Services Price Performance

Shares of RSG opened at $191.83 on Friday. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 1.05. Republic Services, Inc. has a 52 week low of $140.23 and a 52 week high of $196.76. The stock has a 50 day moving average of $188.06 and a 200-day moving average of $179.78. The firm has a market cap of $60.41 billion, a price-to-earnings ratio of 33.65, a PEG ratio of 3.22 and a beta of 0.68.

Republic Services (NYSE:RSG) last announced its quarterly earnings data on Tuesday, April 30th. The business services provider reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.10. The business had revenue of $3.86 billion during the quarter, compared to the consensus estimate of $3.89 billion. Republic Services had a net margin of 11.81% and a return on equity of 17.56%. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.24 EPS. As a group, analysts forecast that Republic Services, Inc. will post 6.05 EPS for the current year.

Republic Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Tuesday, July 2nd will be paid a $0.535 dividend. This represents a $2.14 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend is Tuesday, July 2nd. Republic Services’s payout ratio is 37.54%.

Insider Transactions at Republic Services

In other news, Director Katharine Weymouth bought 540 shares of Republic Services stock in a transaction on Tuesday, June 4th. The stock was purchased at an average cost of $185.26 per share, with a total value of $100,040.40. Following the purchase, the director now directly owns 540 shares of the company’s stock, valued at approximately $100,040.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Republic Services news, Director Katharine Weymouth purchased 540 shares of the firm’s stock in a transaction dated Tuesday, June 4th. The stock was bought at an average price of $185.26 per share, with a total value of $100,040.40. Following the completion of the purchase, the director now owns 540 shares in the company, valued at approximately $100,040.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CMO Amanda Hodges sold 6,500 shares of Republic Services stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $186.02, for a total transaction of $1,209,130.00. Following the sale, the chief marketing officer now owns 6,831 shares in the company, valued at $1,270,702.62. The disclosure for this sale can be found here. Insiders own 0.09% of the company’s stock.

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.