Steward Partners Investment Advisory LLC Has $2.72 Million Stock Holdings in Republic Services, Inc. (NYSE:RSG)

Steward Partners Investment Advisory LLC boosted its position in shares of Republic Services, Inc. (NYSE:RSG) by 8.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 13,497 shares of the business services provider’s stock after purchasing an additional 1,022 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Republic Services were worth $2,715,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in RSG. FSA Wealth Management LLC bought a new stake in shares of Republic Services during the third quarter worth approximately $25,000. Arcadia Investment Management Corp MI grew its holdings in Republic Services by 200.0% during the 4th quarter. Arcadia Investment Management Corp MI now owns 132 shares of the business services provider’s stock worth $27,000 after acquiring an additional 88 shares during the period. R Squared Ltd bought a new stake in shares of Republic Services during the 4th quarter valued at $32,000. Truvestments Capital LLC bought a new position in shares of Republic Services in the 3rd quarter worth $34,000. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of Republic Services during the third quarter worth $39,000. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have weighed in on RSG. Truist Financial reissued a “buy” rating and issued a $250.00 target price (up previously from $244.00) on shares of Republic Services in a research note on Friday, February 14th. Cibc World Mkts raised shares of Republic Services from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. 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. 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 report on Tuesday, February 18th. Finally, Royal Bank of Canada upgraded shares of Republic Services from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from $219.00 to $237.00 in a research report on Monday, January 6th. Five 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $236.88.

Insider Buying and Selling at Republic Services

In related news, COO Gregg Brummer sold 6,293 shares of Republic Services stock in a transaction dated 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 approximately $2,376,931.20. The trade was a 37.66 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.09% of the company’s stock.

Republic Services Price Performance

NYSE RSG opened at $234.28 on Friday. The firm’s 50 day moving average is $218.91 and its 200-day moving average is $210.80. 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 12-month low of $180.91 and a 12-month high of $240.95. The company has a market capitalization of $73.16 billion, a PE ratio of 36.10, a price-to-earnings-growth ratio of 3.64 and a beta of 0.73.

Republic Services (NYSE:RSG) last posted its quarterly earnings results on Thursday, February 13th. The business services provider reported $1.58 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.21. The firm had revenue of $4.05 billion during the quarter, compared to the consensus estimate 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 company earned $1.41 earnings per share. Equities research analysts anticipate that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.

Republic Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Wednesday, April 2nd will be given a $0.58 dividend. The ex-dividend date is Wednesday, April 2nd. This represents a $2.32 dividend on an annualized basis and a dividend yield of 0.99%. Republic Services’s payout ratio is 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.