Republic Services, Inc. (NYSE:RSG) Shares Sold by Farmers & Merchants Investments Inc.

Farmers & Merchants Investments Inc. cut its stake in shares of Republic Services, Inc. (NYSE:RSG) by 7.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 667 shares of the business services provider’s stock after selling 50 shares during the quarter. Farmers & Merchants Investments Inc.’s holdings in Republic Services were worth $134,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. FSA Wealth Management LLC purchased a new stake in Republic Services during the third quarter valued at about $25,000. Wolff Wiese Magana LLC boosted its stake in Republic Services by 351.6% in the 3rd quarter. Wolff Wiese Magana LLC now owns 140 shares of the business services provider’s stock worth $28,000 after purchasing an additional 109 shares during the period. Webster Bank N. A. acquired a new stake in Republic Services during the 3rd quarter valued at $31,000. R Squared Ltd purchased a new stake in shares of Republic Services in the fourth quarter valued at $32,000. Finally, Truvestments Capital LLC acquired a new position in Republic Services during the third quarter valued at $34,000. 57.73% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Republic Services

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

Republic Services Trading Down 0.3 %

Shares of RSG stock opened at $220.91 on Friday. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.07. The firm has a market capitalization of $69.18 billion, a P/E ratio of 35.35, a price-to-earnings-growth ratio of 3.24 and a beta of 0.74. The firm’s fifty day simple moving average is $210.01 and its 200 day simple moving average is $206.26. Republic Services, Inc. has a 1 year low of $171.06 and a 1 year high of $222.65.

Republic Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Wednesday, April 2nd will be paid a dividend of $0.58 per share. The ex-dividend date is Wednesday, April 2nd. This represents a $2.32 annualized dividend and a yield of 1.05%. Republic Services’s dividend payout ratio is 37.12%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on RSG shares. Royal Bank of Canada upgraded Republic Services from a “sector perform” rating to an “outperform” rating and upped their target price for the company from $219.00 to $237.00 in a report on Monday, January 6th. CIBC raised their price target on Republic Services from $217.00 to $227.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 4th. BMO Capital Markets raised Republic Services from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $211.00 to $238.00 in a research note on Friday, December 6th. Truist Financial lifted their target price on shares of Republic Services from $220.00 to $244.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Finally, Oppenheimer raised their target price on Republic Services from $219.00 to $220.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Six research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $224.38.

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.