CreativeOne Wealth LLC Acquires 1,510 Shares of Republic Services, Inc. (NYSE:RSG)

CreativeOne Wealth LLC lifted its stake in Republic Services, Inc. (NYSE:RSG) by 70.0% during the 4th quarter, HoldingsChannel reports. The fund owned 3,666 shares of the business services provider’s stock after buying an additional 1,510 shares during the period. CreativeOne Wealth LLC’s holdings in Republic Services were worth $738,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of RSG. Barclays PLC raised its holdings in Republic Services by 11.0% in the 3rd quarter. Barclays PLC now owns 675,163 shares of the business services provider’s stock valued at $135,598,000 after acquiring an additional 66,842 shares in the last quarter. Virtu Financial LLC increased its holdings in Republic Services by 36.2% in the 3rd quarter. Virtu Financial LLC now owns 11,944 shares of the business services provider’s stock valued at $2,399,000 after buying an additional 3,172 shares during the period. Anchor Investment Management LLC boosted its position in shares of Republic Services by 3.2% during the 3rd quarter. Anchor Investment Management LLC now owns 38,501 shares of the business services provider’s stock valued at $7,732,000 after acquiring an additional 1,204 shares in the last quarter. World Investment Advisors LLC lifted its stake in Republic Services by 25.8% during the third quarter. World Investment Advisors LLC now owns 3,055 shares of the business services provider’s stock worth $613,000 after purchasing an additional 626 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Republic Services in the 3rd quarter worth approximately $1,065,000. 57.73% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, COO Gregg Brummer sold 6,293 shares of the 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 completion of the sale, the chief operating officer now 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.09% of the company’s stock.

Wall Street Analyst Weigh In

RSG has been the subject of a number of analyst reports. Jefferies Financial Group lifted their price objective on Republic Services from $235.00 to $244.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Cibc World Mkts raised shares of Republic Services from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 4th. The Goldman Sachs Group raised 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. Truist Financial restated a “buy” rating and issued a $250.00 target price (up from $244.00) on shares of Republic Services in a research note on Friday, February 14th. Finally, Stifel Nicolaus boosted their target price on shares of Republic Services from $240.00 to $257.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Five investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $239.13.

Republic Services Stock Down 0.2 %

Shares of NYSE:RSG opened at $243.11 on Friday. The company has a 50 day moving average price of $235.09 and a two-hundred day moving average price of $217.77. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.64 and a current ratio of 0.58. The company has a market capitalization of $75.92 billion, a PE ratio of 37.46, a PEG ratio of 3.64 and a beta of 0.62. Republic Services, Inc. has a 52 week low of $180.92 and a 52 week high of $249.73.

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

Republic Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Wednesday, April 2nd were given a $0.58 dividend. The ex-dividend date of this dividend was Wednesday, April 2nd. This represents a $2.32 annualized dividend and a dividend yield of 0.95%. Republic Services’s dividend payout ratio is presently 35.75%.

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.