TruNorth Capital Management LLC Has $94,000 Stake in Republic Services, Inc. (NYSE:RSG)

TruNorth Capital Management LLC lowered its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 26.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 466 shares of the business services provider’s stock after selling 165 shares during the quarter. TruNorth Capital Management LLC’s holdings in Republic Services were worth $94,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Bank of New York Mellon Corp raised its holdings in Republic Services by 11.1% during the 4th quarter. Bank of New York Mellon Corp now owns 1,587,516 shares of the business services provider’s stock worth $319,376,000 after buying an additional 158,491 shares during the period. Capital Advisors Ltd. LLC increased its position in shares of Republic Services by 3.3% during the fourth quarter. Capital Advisors Ltd. LLC now owns 2,048 shares of the business services provider’s stock worth $412,000 after acquiring an additional 65 shares in the last quarter. Delta Financial Group Inc. bought a new stake in Republic Services in the 4th quarter valued at $213,000. Howard Capital Management Inc. boosted its stake in Republic Services by 5.9% in the 4th quarter. Howard Capital Management Inc. now owns 1,231 shares of the business services provider’s stock worth $248,000 after purchasing an additional 69 shares during the period. Finally, TCW Group Inc. increased its holdings in Republic Services by 68.7% during the 4th quarter. TCW Group Inc. now owns 193,282 shares of the business services provider’s stock worth $38,884,000 after purchasing an additional 78,700 shares in the last quarter. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Republic Services Stock Performance

Shares of RSG stock opened at $232.67 on Tuesday. The company has a market capitalization of $72.66 billion, a price-to-earnings ratio of 35.85, a PEG ratio of 3.64 and a beta of 0.74. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.64 and a current ratio of 0.58. Republic Services, Inc. has a 52 week low of $180.91 and a 52 week high of $233.42. The company has a 50-day simple moving average of $213.36 and a 200 day simple moving average of $208.86.

Republic Services (NYSE:RSG) last posted its earnings results on Thursday, February 13th. The business services provider reported $1.58 EPS for the quarter, beating the consensus estimate of $1.37 by $0.21. The company had revenue of $4.05 billion for 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 quarter in the prior year, the business earned $1.41 earnings per share. On average, sell-side analysts predict that Republic Services, Inc. will post 6.86 earnings per share for the current year.

Republic Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Wednesday, April 2nd will be issued a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date is Wednesday, April 2nd. Republic Services’s dividend payout ratio is currently 35.75%.

Insider Activity

In other news, COO Gregg Brummer sold 6,293 shares of Republic Services stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $228.20, for a total value of $1,436,062.60. Following the completion of the sale, the chief operating officer now directly owns 10,416 shares in the company, valued at approximately $2,376,931.20. The trade was a 37.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Katharine Weymouth sold 1,859 shares of the firm’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $215.27, for a total value of $400,186.93. Following the transaction, the director now owns 879 shares in the company, valued at approximately $189,222.33. This trade represents a 67.90 % decrease in their position. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on RSG. William Blair restated an “outperform” rating on shares of Republic Services in a report on Friday, February 14th. Truist Financial reaffirmed a “buy” rating and set a $250.00 price target (up from $244.00) on shares of Republic Services in a research note on Friday, February 14th. UBS Group boosted their price objective on shares of Republic Services from $212.00 to $240.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 19th. The Goldman Sachs Group raised their target price on shares of Republic Services from $239.00 to $265.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Finally, Oppenheimer increased their price objective on shares of Republic Services from $219.00 to $220.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Six investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, Republic Services currently has an average rating of “Moderate Buy” and an average price target of $233.41.

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.