Sawgrass Asset Management LLC Lowers Stock Holdings in Republic Services, Inc. (NYSE:RSG)

Sawgrass Asset Management LLC trimmed its position in shares of Republic Services, Inc. (NYSE:RSG) by 5.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,057 shares of the business services provider’s stock after selling 2,077 shares during the quarter. Sawgrass Asset Management LLC’s holdings in Republic Services were worth $6,852,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Creative Planning raised its position 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 in the last quarter. BOS Asset Management LLC raised its position in Republic Services by 3.8% in the 3rd quarter. BOS Asset Management LLC now owns 2,774 shares of the business services provider’s stock valued at $557,000 after purchasing an additional 101 shares in the last quarter. Wolff Wiese Magana LLC raised its position in 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 purchasing an additional 109 shares in the last quarter. AAFMAA Wealth Management & Trust LLC raised its position in Republic Services by 3.9% in the 3rd quarter. AAFMAA Wealth Management & Trust LLC now owns 9,748 shares of the business services provider’s stock valued at $1,958,000 after purchasing an additional 363 shares in the last quarter. Finally, Kowal Investment Group LLC raised its position in Republic Services by 8.6% in the 3rd quarter. Kowal Investment Group LLC now owns 2,243 shares of the business services provider’s stock valued at $451,000 after purchasing an additional 178 shares in the last quarter. 57.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on RSG. Royal Bank of Canada raised Republic Services from a “sector perform” rating to an “outperform” rating and increased their price target for the company from $219.00 to $237.00 in a research report on Monday, January 6th. BMO Capital Markets raised Republic Services from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $211.00 to $238.00 in a research report on Friday, December 6th. CIBC raised their target price on Republic Services from $217.00 to $227.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 4th. Jefferies Financial Group raised their target price on Republic Services from $235.00 to $244.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Finally, Deutsche Bank Aktiengesellschaft raised Republic Services from a “hold” rating to a “buy” rating and lifted their price target for the stock from $219.00 to $237.00 in a research report on Tuesday, December 10th. Six investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $224.38.

Insider Activity at Republic Services

In other Republic Services news, CFO Brian M. Delghiaccio sold 5,071 shares of the business’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $210.02, for a total transaction of $1,065,011.42. Following the completion of the sale, the chief financial officer now owns 6,318 shares of the company’s stock, valued at approximately $1,326,906.36. The trade was a 44.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Katharine Weymouth sold 1,859 shares of the business’s stock in a transaction dated 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 of the company’s stock, 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. Insiders own 0.09% of the company’s stock.

Republic Services Stock Performance

NYSE RSG opened at $223.38 on Thursday. Republic Services, Inc. has a fifty-two week low of $172.23 and a fifty-two week high of $224.45. The stock has a market cap of $69.95 billion, a price-to-earnings ratio of 35.74, a price-to-earnings-growth ratio of 3.24 and a beta of 0.74. The business has a fifty day moving average of $210.32 and a 200-day moving average of $206.82. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.07.

Republic Services Dividend Announcement

The business also recently declared 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. The ex-dividend date is Wednesday, April 2nd. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.04%. Republic Services’s dividend payout ratio (DPR) is 37.12%.

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.