Republic Services, Inc. (NYSE:RSG) Shares Acquired by QRG Capital Management Inc.

QRG Capital Management Inc. increased its stake in shares of Republic Services, Inc. (NYSE:RSGFree Report) by 2.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,603 shares of the business services provider’s stock after acquiring an additional 516 shares during the period. QRG Capital Management Inc.’s holdings in Republic Services were worth $3,068,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the stock. Bogart Wealth LLC acquired a new position in shares of Republic Services in the fourth quarter worth about $30,000. Turtle Creek Wealth Advisors LLC purchased a new position in Republic Services during the fourth quarter worth approximately $34,000. Millburn Ridgefield Corp acquired a new stake in Republic Services in the third quarter valued at approximately $36,000. Catalyst Capital Advisors LLC acquired a new position in shares of Republic Services during the 3rd quarter worth approximately $36,000. Finally, BKM Wealth Management LLC purchased a new position in shares of Republic Services during the 4th quarter valued at approximately $37,000. 57.73% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Republic Services

In related news, CMO Amanda Hodges sold 6,500 shares of Republic Services stock in a transaction on Monday, May 6th. The stock was sold at an average price of $186.02, for a total transaction of $1,209,130.00. Following the completion of the transaction, the chief marketing officer now directly owns 6,831 shares of the company’s stock, valued at $1,270,702.62. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CMO Amanda Hodges sold 6,500 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $186.02, for a total value of $1,209,130.00. Following the sale, the chief marketing officer now directly owns 6,831 shares in the company, valued at $1,270,702.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ark Jon Vander sold 5,446 shares of Republic Services stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $184.10, for a total value of $1,002,608.60. Following the transaction, the chief executive officer now owns 85,113 shares of the company’s stock, valued at $15,669,303.30. The disclosure for this sale can be found here. Corporate insiders own 0.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Royal Bank of Canada initiated coverage on shares of Republic Services in a report on Monday, April 8th. They set a “sector perform” rating and a $198.00 price objective on the stock. Jefferies Financial Group boosted their price objective on Republic Services from $213.00 to $225.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. Morgan Stanley downgraded Republic Services from an “overweight” rating to an “equal weight” rating and set a $199.00 target price on the stock. in a research report on Friday, March 15th. BMO Capital Markets lifted their target price on shares of Republic Services from $173.00 to $195.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 28th. Finally, Citigroup raised their price target on shares of Republic Services from $190.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, February 29th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $201.00.

View Our Latest Stock Analysis on Republic Services

Republic Services Price Performance

RSG stock opened at $188.23 on Tuesday. The business’s 50-day moving average is $188.37 and its two-hundred day moving average is $173.78. The firm has a market capitalization of $59.28 billion, a P/E ratio of 33.02, a P/E/G ratio of 3.05 and a beta of 0.67. Republic Services, Inc. has a 1 year low of $140.07 and a 1 year high of $196.76. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.53 and a quick ratio of 0.53.

Republic Services (NYSE:RSGGet Free Report) last announced its quarterly earnings data on Tuesday, April 30th. The business services provider reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.10. Republic Services had a net margin of 11.81% and a return on equity of 17.56%. The company had revenue of $3.86 billion for the quarter, compared to analysts’ expectations of $3.89 billion. During the same period in the previous year, the company posted $1.24 EPS. Republic Services’s revenue was up 7.8% compared to the same quarter last year. Analysts anticipate that Republic Services, Inc. will post 6.05 earnings per share for the current fiscal year.

Republic Services Announces Dividend

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 issued a $0.535 dividend. The ex-dividend date is Tuesday, July 2nd. This represents a $2.14 dividend on an annualized basis and a yield of 1.14%. Republic Services’s dividend payout ratio (DPR) is presently 37.54%.

About Republic Services

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Republic Services (NYSE:RSG)

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