Republic Services, Inc. (NYSE:RSG) Shares Acquired by Values First Advisors Inc.

Values First Advisors Inc. lifted its stake in Republic Services, Inc. (NYSE:RSG) by 216.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,337 shares of the business services provider’s stock after acquiring an additional 915 shares during the quarter. Values First Advisors Inc.’s holdings in Republic Services were worth $269,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in RSG. Retirement Guys Formula LLC boosted its position in shares of Republic Services by 5.5% during the fourth quarter. Retirement Guys Formula LLC now owns 3,701 shares of the business services provider’s stock worth $744,000 after buying an additional 194 shares during the period. Allspring Global Investments Holdings LLC grew its position in Republic Services by 1.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,546,088 shares of the business services provider’s stock valued at $509,462,000 after acquiring an additional 25,350 shares in the last quarter. Portfolio Design Labs LLC purchased a new stake in Republic Services during the fourth quarter worth about $281,000. JSF Financial LLC lifted its position in shares of Republic Services by 5.7% during the fourth quarter. JSF Financial LLC now owns 4,637 shares of the business services provider’s stock worth $933,000 after purchasing an additional 248 shares in the last quarter. Finally, Axecap Investments LLC boosted its stake in shares of Republic Services by 11.4% in the fourth quarter. Axecap Investments LLC now owns 15,905 shares of the business services provider’s stock valued at $3,200,000 after purchasing an additional 1,622 shares during the period. Institutional investors and hedge funds own 57.73% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on RSG. BMO Capital Markets upgraded shares of Republic Services from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $211.00 to $238.00 in a report on Friday, December 6th. Royal Bank of Canada upgraded Republic Services from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $219.00 to $237.00 in a research note on Monday, January 6th. Truist Financial upped their price target on Republic Services from $220.00 to $244.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Morgan Stanley lifted their price objective on Republic Services from $217.00 to $220.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Republic Services from a “hold” rating to a “buy” rating and upped their target price for the stock from $219.00 to $237.00 in a research note on Tuesday, December 10th. Six investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, Republic Services presently has an average rating of “Moderate Buy” and an average target price of $224.38.

Republic Services Price Performance

Shares of RSG opened at $223.38 on Thursday. The firm has a fifty day moving average price of $210.32 and a 200 day moving average price of $206.82. The stock has a market cap of $69.95 billion, a PE ratio of 35.74, a price-to-earnings-growth ratio of 3.24 and a beta of 0.74. Republic Services, Inc. has a 1-year low of $172.23 and a 1-year high of $224.45. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.64 and a quick ratio of 0.64.

Republic Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Wednesday, April 2nd will be given a $0.58 dividend. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.04%. Republic Services’s dividend payout ratio (DPR) is presently 37.12%.

Insiders Place Their Bets

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