Intrust Bank NA Has $1.91 Million Stock Position in Republic Services, Inc. (NYSE:RSG)

Intrust Bank NA lifted its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 2.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 9,508 shares of the business services provider’s stock after buying an additional 211 shares during the period. Intrust Bank NA’s holdings in Republic Services were worth $1,913,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in RSG. FSA Wealth Management LLC acquired a new stake in shares of Republic Services during the 3rd quarter worth approximately $25,000. Arcadia Investment Management Corp MI increased its holdings in Republic Services by 200.0% in the 4th quarter. Arcadia Investment Management Corp MI now owns 132 shares of the business services provider’s stock valued at $27,000 after buying an additional 88 shares during the period. R Squared Ltd acquired a new position in shares of Republic Services in the 4th quarter valued at $32,000. New Age Alpha Advisors LLC lifted its holdings in shares of Republic Services by 70.2% during the 4th quarter. New Age Alpha Advisors LLC now owns 177 shares of the business services provider’s stock worth $36,000 after acquiring an additional 73 shares during the period. Finally, Generali Asset Management SPA SGR bought a new stake in Republic Services in the fourth quarter valued at about $45,000. Institutional investors own 57.73% of the company’s stock.

Republic Services Trading Down 0.6 %

RSG opened at $238.37 on Friday. The stock has a market cap of $74.44 billion, a PE ratio of 36.73, a price-to-earnings-growth ratio of 3.64 and a beta of 0.73. The company has a quick ratio of 0.64, a current ratio of 0.58 and a debt-to-equity ratio of 1.04. Republic Services, Inc. has a twelve month low of $180.92 and a twelve month high of $241.09. The company has a fifty day moving average of $227.72 and a 200-day moving average of $213.75.

Republic Services (NYSE:RSG) last released its quarterly earnings data on Thursday, February 13th. The business services provider reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.21. The company had revenue of $4.05 billion during the quarter, compared to analyst estimates of $4.08 billion. Republic Services had a net margin of 12.74% and a return on equity of 18.28%. During the same quarter in the previous year, the business posted $1.41 EPS. On average, sell-side analysts predict that Republic Services, Inc. will post 6.86 EPS for the current year.

Republic Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Wednesday, April 2nd will be paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date of this dividend is Wednesday, April 2nd. Republic Services’s dividend payout ratio (DPR) is 35.75%.

Insider Activity

In other news, COO Gregg Brummer sold 6,293 shares of the stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $228.20, for a total value of $1,436,062.60. Following the completion of the sale, the chief operating officer now directly owns 10,416 shares of the company’s stock, valued at $2,376,931.20. This represents a 37.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.09% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on RSG. Deutsche Bank Aktiengesellschaft upgraded Republic Services from a “hold” rating to a “buy” rating and increased their price objective for the stock from $219.00 to $237.00 in a research note on Tuesday, December 10th. The Goldman Sachs Group increased their target price on shares of Republic Services from $239.00 to $265.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Truist Financial restated 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. UBS Group lifted their target price on shares of Republic Services from $212.00 to $240.00 and gave the company a “neutral” rating in a research note on Wednesday, February 19th. Finally, Morgan Stanley increased their price target on Republic Services from $220.00 to $230.00 and gave the stock an “equal weight” rating in a research report on Friday, February 14th. Five equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price 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.