Fuller & Thaler Asset Management Inc. Raises Holdings in Republic Services, Inc. (NYSE:RSG)

Fuller & Thaler Asset Management Inc. grew its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 3.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,485 shares of the business services provider’s stock after purchasing an additional 769 shares during the quarter. Fuller & Thaler Asset Management Inc.’s holdings in Republic Services were worth $4,121,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Arcadia Investment Management Corp MI boosted its stake in Republic Services by 200.0% during the fourth quarter. Arcadia Investment Management Corp MI now owns 132 shares of the business services provider’s stock worth $27,000 after buying an additional 88 shares during the last quarter. R Squared Ltd purchased a new stake in shares of Republic Services in the fourth quarter valued at about $32,000. New Age Alpha Advisors LLC increased its position in Republic Services by 70.2% during the fourth quarter. New Age Alpha Advisors LLC now owns 177 shares of the business services provider’s stock worth $36,000 after purchasing an additional 73 shares during the last quarter. Generali Asset Management SPA SGR purchased a new position in Republic Services during the fourth quarter worth about $45,000. Finally, Bank of Jackson Hole Trust acquired a new position in Republic Services in the 4th quarter valued at about $48,000. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on RSG shares. UBS Group increased their price objective on Republic Services from $240.00 to $250.00 and gave the stock a “neutral” rating in a research report on Friday, April 11th. Stifel Nicolaus boosted their price objective on shares of Republic Services from $240.00 to $257.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Truist Financial increased their target price on shares of Republic Services from $250.00 to $270.00 and gave the stock a “buy” rating in a research note on Tuesday. Scotiabank boosted their price target on shares of Republic Services from $233.00 to $250.00 and gave the company a “sector perform” rating in a research note on Tuesday, April 8th. Finally, CIBC upgraded shares of Republic Services from a “neutral” rating to a “sector outperform” rating and set a $264.00 target price for the company in a report on Tuesday, March 4th. Five analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Republic Services presently has a consensus rating of “Moderate Buy” and an average target price of $245.38.

Insider Buying and Selling at Republic Services

In other news, COO Gregg Brummer sold 6,293 shares of the stock in a transaction dated 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 transaction, the chief operating officer now owns 10,416 shares in the company, valued at approximately $2,376,931.20. This represents a 37.66 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.11% of the stock is owned by insiders.

Republic Services Trading Up 1.3 %

RSG opened at $243.96 on Friday. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.58 and a quick ratio of 0.64. The stock has a market capitalization of $76.23 billion, a price-to-earnings ratio of 37.59, a PEG ratio of 3.64 and a beta of 0.62. The business has a fifty day moving average price of $236.86 and a 200 day moving average price of $219.46. Republic Services, Inc. has a 12 month low of $180.92 and a 12 month high of $249.73.

Republic Services (NYSE:RSG) last issued its earnings results on Thursday, April 24th. The business services provider reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.55 by $0.03. Republic Services had a net margin of 12.74% and a return on equity of 18.28%. The firm had revenue of $4.01 billion for the quarter, compared to analysts’ expectations of $4.08 billion. Sell-side analysts expect that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.

Republic Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Wednesday, July 2nd will be issued a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 0.95%. The ex-dividend date is Wednesday, July 2nd. Republic Services’s dividend payout ratio (DPR) is presently 34.99%.

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.