Treasurer of the State of North Carolina Has $20.63 Million Holdings in Republic Services, Inc. (NYSE:RSG)

Treasurer of the State of North Carolina increased its position in Republic Services, Inc. (NYSE:RSGFree Report) by 0.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 125,107 shares of the business services provider’s stock after purchasing an additional 1,008 shares during the period. Treasurer of the State of North Carolina’s holdings in Republic Services were worth $20,631,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of RSG. Bogart Wealth LLC bought a new position in shares of Republic Services in the fourth quarter valued at $30,000. Turtle Creek Wealth Advisors LLC acquired a new position in Republic Services during the 4th quarter valued at about $34,000. Catalyst Capital Advisors LLC purchased a new stake in shares of Republic Services in the third quarter worth approximately $36,000. BKM Wealth Management LLC bought a new position in shares of Republic Services in the fourth quarter valued at approximately $37,000. Finally, Asset Dedication LLC raised its position 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 buying an additional 90 shares during the last quarter. Institutional investors and hedge funds own 57.73% of the company’s stock.

Insider Transactions at Republic Services

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

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft started coverage on shares of Republic Services in a research note on Thursday, May 23rd. They issued a “hold” rating and a $203.00 target price for the company. BMO Capital Markets increased their price target on shares of Republic Services from $173.00 to $195.00 and gave the company a “market perform” rating in a research report on Wednesday, February 28th. Wells Fargo & Company increased their target price on shares of Republic Services from $180.00 to $188.00 and gave the company an “overweight” rating in a research report on Tuesday, February 6th. Morgan Stanley lowered Republic Services from an “overweight” rating to an “equal weight” rating and set a $199.00 price objective for the company. in a report on Friday, March 15th. Finally, Truist Financial upped their price target on Republic Services from $175.00 to $192.00 and gave the company a “hold” rating in a research report on Wednesday, February 28th. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $201.14.

View Our Latest Report on Republic Services

Republic Services Price Performance

RSG traded up $0.48 on Thursday, reaching $182.07. The company had a trading volume of 1,209,976 shares, compared to its average volume of 1,192,780. Republic Services, Inc. has a 52-week low of $140.07 and a 52-week high of $196.76. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.53 and a current ratio of 0.53. The company has a market cap of $57.34 billion, a price-to-earnings ratio of 31.85, a P/E/G ratio of 3.08 and a beta of 0.67. The business has a 50 day simple moving average of $188.57 and a 200 day simple moving average of $176.78.

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

Republic Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Tuesday, July 2nd will be paid a dividend of $0.535 per share. The ex-dividend date of this dividend is Tuesday, July 2nd. This represents a $2.14 dividend on an annualized basis and a dividend yield of 1.18%. Republic Services’s dividend payout ratio (DPR) is currently 37.54%.

Republic Services Company Profile

(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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