Republic Services, Inc. (NYSE:RSG) Shares Sold by Latitude Advisors LLC

Latitude Advisors LLC decreased its position in Republic Services, Inc. (NYSE:RSG) by 9.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,296 shares of the business services provider’s stock after selling 133 shares during the period. Latitude Advisors LLC’s holdings in Republic Services were worth $261,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. CWM LLC raised its position in Republic Services by 19.3% in the third quarter. CWM LLC now owns 10,894 shares of the business services provider’s stock valued at $2,188,000 after purchasing an additional 1,763 shares during the period. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in Republic Services by 399.0% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,001 shares of the business services provider’s stock worth $402,000 after buying an additional 1,600 shares during the period. Webster Bank N. A. purchased a new stake in shares of Republic Services in the 3rd quarter valued at approximately $31,000. Fiduciary Alliance LLC lifted its holdings in shares of Republic Services by 3.7% in the 3rd quarter. Fiduciary Alliance LLC now owns 41,229 shares of the business services provider’s stock worth $8,281,000 after acquiring an additional 1,478 shares during the last quarter. Finally, Creative Planning increased its holdings in Republic Services by 8.1% in the 3rd quarter. Creative Planning now owns 31,447 shares of the business services provider’s stock valued at $6,316,000 after purchasing an additional 2,360 shares during the last quarter. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft raised Republic Services from a “hold” rating to a “buy” rating and lifted their price objective for the company from $219.00 to $237.00 in a research note on Tuesday, December 10th. CIBC boosted their price target on shares of Republic Services from $217.00 to $227.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 4th. Truist Financial lifted their price objective on shares of Republic Services from $220.00 to $244.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Oppenheimer raised their price target on shares of Republic Services from $219.00 to $220.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Finally, Royal Bank of Canada raised Republic Services from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from $219.00 to $237.00 in a research report on Monday, January 6th. Six equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $224.38.

Republic Services Stock Performance

Shares of RSG stock opened at $221.92 on Tuesday. Republic Services, Inc. has a 1 year low of $171.06 and a 1 year high of $223.43. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.64 and a current ratio of 0.64. The firm has a market cap of $69.50 billion, a price-to-earnings ratio of 35.51, a PEG ratio of 3.24 and a beta of 0.74. The stock’s 50-day moving average is $210.01 and its two-hundred day moving average is $206.36.

Republic Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Wednesday, April 2nd will be issued a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 1.05%. The ex-dividend date of this dividend is Wednesday, April 2nd. Republic Services’s payout ratio is currently 37.12%.

Insider Activity

In other Republic Services news, Director Katharine Weymouth sold 1,859 shares of the stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $215.27, for a total transaction of $400,186.93. Following the completion of the sale, the director now directly owns 879 shares of the company’s stock, valued at approximately $189,222.33. This trade represents a 67.90 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Brian M. Delghiaccio sold 5,071 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $210.02, for a total value of $1,065,011.42. Following the sale, the chief financial officer now owns 6,318 shares of the company’s stock, valued at $1,326,906.36. This trade represents a 44.53 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.09% of the company’s stock.

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.