Republic Services, Inc. (NYSE:RSG) Shares Sold by Ridgewood Investments LLC

Ridgewood Investments LLC decreased its position in shares of Republic Services, Inc. (NYSE:RSG) by 9.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 471 shares of the business services provider’s stock after selling 50 shares during the quarter. Ridgewood Investments LLC’s holdings in Republic Services were worth $95,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of RSG. Choreo LLC acquired a new stake in shares of Republic Services during the second quarter worth about $1,005,000. Daiwa Securities Group Inc. lifted its holdings in shares of Republic Services by 9.8% during the second quarter. Daiwa Securities Group Inc. now owns 23,524 shares of the business services provider’s stock worth $4,572,000 after purchasing an additional 2,100 shares during the period. Headlands Technologies LLC acquired a new stake in shares of Republic Services during the second quarter worth about $209,000. LPL Financial LLC lifted its holdings in shares of Republic Services by 7.8% during the second quarter. LPL Financial LLC now owns 285,735 shares of the business services provider’s stock worth $55,530,000 after purchasing an additional 20,605 shares during the period. Finally, Oppenheimer & Co. Inc. lifted its holdings in shares of Republic Services by 64.0% during the second quarter. Oppenheimer & Co. Inc. now owns 13,506 shares of the business services provider’s stock worth $2,625,000 after purchasing an additional 5,273 shares during the period. Institutional investors and hedge funds own 57.73% of the company’s stock.

Republic Services Stock Down 0.2 %

NYSE RSG opened at $206.47 on Friday. The business has a fifty day moving average price of $208.87 and a 200 day moving average price of $203.89. Republic Services, Inc. has a one year low of $163.17 and a one year high of $220.58. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.64 and a current ratio of 0.64. The company has a market cap of $64.66 billion, a P/E ratio of 33.04, a P/E/G ratio of 3.30 and a beta of 0.73.

Republic Services (NYSE:RSG) last posted its quarterly earnings data on Tuesday, October 29th. The business services provider reported $1.81 EPS for the quarter, beating the consensus estimate of $1.61 by $0.20. Republic Services had a return on equity of 18.18% and a net margin of 12.46%. The firm had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $4.12 billion. During the same period in the prior year, the company earned $1.54 EPS. The firm’s revenue was up 6.5% compared to the same quarter last year. Research analysts anticipate that Republic Services, Inc. will post 6.25 EPS for the current fiscal year.

Republic Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd will be issued a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 1.12%. The ex-dividend date is Thursday, January 2nd. Republic Services’s payout ratio is currently 37.12%.

Analyst Upgrades and Downgrades

RSG has been the subject of several recent research reports. Truist Financial lifted their price target on Republic Services from $220.00 to $244.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. William Blair initiated coverage on Republic Services in a research report on Thursday, October 3rd. They set an “outperform” rating for the company. CIBC lifted their price target on Republic Services from $217.00 to $227.00 and gave the company a “neutral” rating in a research report on Wednesday, December 4th. Morgan Stanley lifted their price target on Republic Services from $217.00 to $220.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. Finally, BMO Capital Markets upgraded Republic Services from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $211.00 to $238.00 in a research report on Friday, December 6th. Six investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $221.12.

Insider Buying and Selling at Republic Services

In other Republic Services news, CFO Brian M. Delghiaccio sold 5,071 shares of the company’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $210.02, for a total value of $1,065,011.42. Following the completion of the sale, the chief financial officer now directly owns 6,318 shares in the company, valued at $1,326,906.36. This represents a 44.53 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Katharine Weymouth sold 1,859 shares of the company’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $215.27, for a total value of $400,186.93. Following the completion of the sale, the director now owns 879 shares of the company’s stock, valued at approximately $189,222.33. The trade was a 67.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.09% of the stock is owned by company insiders.

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.