Atria Wealth Solutions Inc. Purchases 3,501 Shares of Republic Services, Inc. (NYSE:RSG)

Atria Wealth Solutions Inc. grew its position in Republic Services, Inc. (NYSE:RSG) by 16.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,458 shares of the business services provider’s stock after purchasing an additional 3,501 shares during the period. Atria Wealth Solutions Inc.’s holdings in Republic Services were worth $4,920,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. D.A. Davidson & CO. lifted its holdings in shares of Republic Services by 4.2% in the fourth quarter. D.A. Davidson & CO. now owns 13,227 shares of the business services provider’s stock valued at $2,661,000 after purchasing an additional 530 shares in the last quarter. Truist Financial Corp lifted its holdings in shares of Republic Services by 2.1% in the fourth quarter. Truist Financial Corp now owns 35,968 shares of the business services provider’s stock valued at $7,236,000 after purchasing an additional 747 shares in the last quarter. Sanctuary Advisors LLC lifted its holdings in shares of Republic Services by 2.7% in the fourth quarter. Sanctuary Advisors LLC now owns 34,982 shares of the business services provider’s stock valued at $7,639,000 after purchasing an additional 917 shares in the last quarter. Catalyst Capital Advisors LLC lifted its holdings in shares of Republic Services by 221.9% in the fourth quarter. Catalyst Capital Advisors LLC now owns 515 shares of the business services provider’s stock valued at $104,000 after purchasing an additional 355 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of Republic Services by 0.3% in the fourth quarter. Principal Financial Group Inc. now owns 750,571 shares of the business services provider’s stock valued at $151,000,000 after purchasing an additional 2,516 shares in the last quarter. 57.73% of the stock is currently owned by institutional investors.

Republic Services Price Performance

Republic Services stock opened at $229.59 on Thursday. Republic Services, Inc. has a 12 month low of $179.62 and a 12 month high of $232.52. The stock’s 50 day moving average is $212.03 and its 200-day moving average is $208.11. 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 company has a market capitalization of $71.90 billion, a price-to-earnings ratio of 35.38, a PEG ratio of 3.33 and a beta of 0.74.

Republic Services (NYSE:RSG) last posted its earnings results on Thursday, February 13th. The business services provider reported $1.58 EPS for the quarter, beating the consensus estimate of $1.37 by $0.21. Republic Services had a return on equity of 18.28% and a net margin of 12.74%. The company had revenue of $4.05 billion for the quarter, compared to the consensus estimate of $4.08 billion. During the same quarter in the prior year, the business earned $1.41 earnings per share. Equities research analysts expect that Republic Services, Inc. will post 6.89 EPS for the current year.

Republic Services Announces Dividend

The business 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 $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend is Wednesday, April 2nd. Republic Services’s dividend payout ratio (DPR) is currently 35.75%.

Wall Street Analyst Weigh In

RSG has been the topic of several analyst reports. Royal Bank of Canada upgraded Republic Services from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from $219.00 to $237.00 in a report on Monday, January 6th. Morgan Stanley upped their target price on Republic Services from $220.00 to $230.00 and gave the stock an “equal weight” rating in a report on Friday, February 14th. CIBC upped their target price on Republic Services from $217.00 to $227.00 and gave the stock a “neutral” rating in a report on Wednesday, December 4th. The Goldman Sachs Group upped their target price on Republic Services from $239.00 to $265.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, William Blair reiterated an “outperform” rating on shares of Republic Services in a report on Friday, February 14th. Six research analysts have rated the stock with a hold rating and twelve have given a 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 $231.75.

Insider Activity at Republic Services

In related news, Director Katharine Weymouth sold 1,859 shares of the business’s stock in a transaction that occurred 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 sale, the director now directly owns 879 shares in the company, valued at approximately $189,222.33. The trade was a 67.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.09% of the stock is currently owned by corporate insiders.

About Republic Services

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.