Republic Services, Inc. (NYSE:RSG) Stock Position Decreased by Strengthening Families & Communities LLC

Strengthening Families & Communities LLC trimmed its stake in shares of Republic Services, Inc. (NYSE:RSG) by 96.7% in the 4th quarter, HoldingsChannel reports. The firm owned 519 shares of the business services provider’s stock after selling 15,361 shares during the quarter. Strengthening Families & Communities LLC’s holdings in Republic Services were worth $104,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. FSA Wealth Management LLC acquired a new position in shares of Republic Services in the third quarter worth about $25,000. Wolff Wiese Magana LLC lifted its position in shares of Republic Services by 351.6% in the 3rd quarter. Wolff Wiese Magana LLC now owns 140 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 109 shares in the last quarter. Webster Bank N. A. acquired a new position in Republic Services in the 3rd quarter worth approximately $31,000. R Squared Ltd acquired a new stake in Republic Services during the 4th quarter valued at $32,000. Finally, Truvestments Capital LLC purchased a new stake in shares of Republic Services in the third quarter valued at $34,000. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Insider Buying and Selling

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

Republic Services Price Performance

NYSE RSG opened at $221.92 on Tuesday. The company has a market cap of $69.50 billion, a P/E ratio of 35.51, a P/E/G ratio of 3.24 and a beta of 0.74. The company has a fifty day simple moving average of $210.01 and a 200 day simple moving average of $206.36. Republic Services, Inc. has a 1 year low of $171.06 and a 1 year high of $223.43. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.07.

Republic Services Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on RSG. Jefferies Financial Group upped their price target on Republic Services from $235.00 to $244.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Truist Financial increased their price target on shares of Republic Services from $220.00 to $244.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Oppenheimer boosted their price objective 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. Morgan Stanley increased their target price on shares of Republic Services from $217.00 to $220.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. Finally, CIBC boosted their price target on shares of Republic Services from $217.00 to $227.00 and gave the company a “neutral” rating in a report on Wednesday, December 4th. Six analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $224.38.

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.