AEGON ASSET MANAGEMENT UK Plc Sells 1,015 Shares of Republic Services, Inc. (NYSE:RSG)

AEGON ASSET MANAGEMENT UK Plc reduced its stake in shares of Republic Services, Inc. (NYSE:RSG) by 0.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 200,215 shares of the business services provider’s stock after selling 1,015 shares during the period. AEGON ASSET MANAGEMENT UK Plc owned approximately 0.06% of Republic Services worth $40,283,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. TCW Group Inc. lifted its position in Republic Services by 13.0% in the 3rd quarter. TCW Group Inc. now owns 114,582 shares of the business services provider’s stock valued at $23,013,000 after acquiring an additional 13,138 shares in the last quarter. Avanza Fonder AB acquired a new stake in shares of Republic Services in the 4th quarter valued at about $4,430,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Republic Services during the third quarter worth about $6,102,000. Lifeworks Advisors LLC grew its holdings in shares of Republic Services by 1,112.3% during the third quarter. Lifeworks Advisors LLC now owns 21,469 shares of the business services provider’s stock worth $4,312,000 after buying an additional 19,698 shares in the last quarter. Finally, Pallas Capital Advisors LLC acquired a new stake in Republic Services in the 4th quarter valued at approximately $204,000. Institutional investors own 57.73% of the company’s stock.

Insider Buying and Selling

In other Republic Services news, CFO Brian M. Delghiaccio sold 5,071 shares of the stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $210.02, for a total transaction of $1,065,011.42. Following the transaction, the chief financial officer now owns 6,318 shares in the company, valued at $1,326,906.36. This represents a 44.53 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 transaction of $400,186.93. Following the completion of the sale, the director now owns 879 shares of the company’s stock, valued at approximately $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 $211.74 on Friday. The company has a market cap of $66.31 billion, a P/E ratio of 33.88, a P/E/G ratio of 3.07 and a beta of 0.73. The firm’s fifty day moving average price is $209.45 and its two-hundred day moving average price is $205.09. Republic Services, Inc. has a one year low of $168.58 and a one year high of $220.58. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.64 and a quick ratio of 0.64.

Republic Services (NYSE:RSG) last announced its quarterly earnings results on Tuesday, October 29th. The business services provider reported $1.81 EPS for the quarter, beating analysts’ consensus estimates of $1.61 by $0.20. The business had revenue of $4.08 billion for the quarter, compared to analyst estimates of $4.12 billion. Republic Services had a net margin of 12.46% and a return on equity of 18.18%. Republic Services’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.54 EPS. Equities analysts expect that Republic Services, Inc. will post 6.25 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on RSG. BMO Capital Markets raised Republic Services from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $211.00 to $238.00 in a research report on Friday, December 6th. Morgan Stanley raised their target price on shares of Republic Services from $217.00 to $220.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. 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 report on Wednesday, December 4th. William Blair assumed coverage on Republic Services in a report on Thursday, October 3rd. They issued an “outperform” rating for the company. Finally, Truist Financial upped their target price on Republic Services from $220.00 to $244.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, Republic Services has a consensus rating of “Moderate Buy” and a consensus target price of $222.24.

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.