First Business Financial Services Inc. Has $2.56 Million Stock Position in Republic Services, Inc. (NYSE:RSG)

First Business Financial Services Inc. boosted its position in Republic Services, Inc. (NYSE:RSG) by 1.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 12,708 shares of the business services provider’s stock after purchasing an additional 214 shares during the period. First Business Financial Services Inc.’s holdings in Republic Services were worth $2,557,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. lifted its stake in Republic Services by 37.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,682 shares of the business services provider’s stock valued at $3,586,000 after purchasing an additional 4,827 shares during the last quarter. TCW Group Inc. lifted its position in Republic Services by 13.0% during the third quarter. TCW Group Inc. now owns 114,582 shares of the business services provider’s stock worth $23,013,000 after acquiring an additional 13,138 shares during the last quarter. Avanza Fonder AB acquired a new stake in Republic Services during the fourth quarter worth approximately $4,430,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Republic Services during the third quarter worth approximately $6,102,000. Finally, Lifeworks Advisors LLC lifted its position in Republic Services by 1,112.3% during the third quarter. Lifeworks Advisors LLC now owns 21,469 shares of the business services provider’s stock worth $4,312,000 after acquiring an additional 19,698 shares during the last quarter. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

RSG has been the subject of several research reports. William Blair restated an “outperform” rating on shares of Republic Services in a research report on Friday, February 14th. Morgan Stanley raised their price objective on shares of Republic Services from $220.00 to $230.00 and gave the stock an “equal weight” rating in a research report on Friday, February 14th. UBS Group raised their price objective on shares of Republic Services from $212.00 to $240.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 19th. BMO Capital Markets upgraded shares of Republic Services from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $211.00 to $238.00 in a research report on Friday, December 6th. Finally, Truist Financial reiterated a “buy” rating and issued a $250.00 price target (up from $244.00) on shares of Republic Services in a research report on Friday, February 14th. Five research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $236.88.

Insiders Place Their Bets

In other Republic Services news, COO Gregg Brummer sold 6,293 shares of the business’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $228.20, for a total transaction of $1,436,062.60. Following the sale, the chief operating officer now owns 10,416 shares of the company’s stock, valued at approximately $2,376,931.20. The trade was a 37.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.09% of the company’s stock.

Republic Services Stock Performance

Shares of NYSE:RSG opened at $235.66 on Thursday. The company’s 50 day simple moving average is $217.74 and its 200 day simple moving average is $210.45. The stock has a market capitalization of $73.59 billion, a price-to-earnings ratio of 36.31, a price-to-earnings-growth ratio of 3.64 and a beta of 0.74. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.58 and a quick ratio of 0.64. Republic Services, Inc. has a 1 year low of $180.91 and a 1 year high of $240.95.

Republic Services (NYSE:RSG) last announced its quarterly earnings data on Thursday, February 13th. The business services provider reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.21. The business had revenue of $4.05 billion for the quarter, compared to analysts’ expectations of $4.08 billion. Republic Services had a net margin of 12.74% and a return on equity of 18.28%. During the same period last year, the firm posted $1.41 earnings per share. As a group, research analysts predict that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.

Republic Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders 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 dividend on an annualized basis and a dividend yield of 0.98%. Republic Services’s payout ratio is presently 35.75%.

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.