Republic Services, Inc. (NYSE:RSG) Shares Acquired by Umpqua Bank

Umpqua Bank increased its stake in Republic Services, Inc. (NYSE:RSG) by 3.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,808 shares of the business services provider’s stock after buying an additional 56 shares during the quarter. Umpqua Bank’s holdings in Republic Services were worth $374,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Republic Services by 37.5% in the fourth 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 buying an additional 4,827 shares in the last quarter. TCW Group Inc. grew its stake in shares of Republic Services by 13.0% in the third quarter. TCW Group Inc. now owns 114,582 shares of the business services provider’s stock valued at $23,013,000 after buying an additional 13,138 shares in the last quarter. Avanza Fonder AB purchased a new position in Republic Services in the fourth quarter valued at about $4,430,000. Czech National Bank boosted its holdings in Republic Services by 6.1% in the fourth quarter. Czech National Bank now owns 44,134 shares of the business services provider’s stock valued at $8,879,000 after purchasing an additional 2,548 shares during the last quarter. Finally, Hickory Point Bank & Trust purchased a new position in Republic Services in the fourth quarter valued at about $790,000. Institutional investors and hedge funds own 57.73% of the company’s stock.

Insider Buying and Selling at Republic Services

In other Republic Services news, COO Gregg Brummer sold 6,293 shares of Republic Services stock in a transaction on Wednesday, February 19th. The stock was 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 $2,376,931.20. The trade was a 37.66 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.09% of the stock is owned by company insiders.

Republic Services Trading Down 0.8 %

Shares of NYSE RSG opened at $232.95 on Friday. The company has a market cap of $72.75 billion, a price-to-earnings ratio of 35.89, a price-to-earnings-growth ratio of 3.64 and a beta of 0.73. Republic Services, Inc. has a 12-month low of $180.92 and a 12-month high of $240.95. 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 stock’s 50 day simple moving average is $224.90 and its 200 day simple moving average is $212.62.

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. The firm had revenue of $4.05 billion for the quarter, compared to analysts’ expectations of $4.08 billion. Republic Services had a return on equity of 18.28% and a net margin of 12.74%. During the same period last year, the firm earned $1.41 EPS. Equities research analysts expect that Republic Services, Inc. will post 6.86 EPS for the current year.

Republic Services Dividend Announcement

The firm 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. This represents a $2.32 annualized dividend and a yield of 1.00%. The ex-dividend date is Wednesday, April 2nd. Republic Services’s payout ratio is currently 35.75%.

Wall Street Analysts Forecast Growth

RSG has been the subject of a number of analyst reports. The Goldman Sachs Group increased their price target on Republic Services from $239.00 to $265.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Stifel Nicolaus increased their price target on Republic Services from $240.00 to $257.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Deutsche Bank Aktiengesellschaft raised Republic Services from a “hold” rating to a “buy” rating and increased their price target for the company from $219.00 to $237.00 in a report on Tuesday, December 10th. CIBC raised Republic Services from a “neutral” rating to a “sector outperform” rating and set a $264.00 target price on the stock in a report on Tuesday, March 4th. Finally, Truist Financial reaffirmed a “buy” rating and set a $250.00 target price (up previously from $244.00) on shares of Republic Services in a report on Friday, February 14th. Five analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $236.88.

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.