Republic Services, Inc. (NYSE:RSG) Position Increased by Catalyst Capital Advisors LLC

Catalyst Capital Advisors LLC increased its stake in Republic Services, Inc. (NYSE:RSG) by 221.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 515 shares of the business services provider’s stock after purchasing an additional 355 shares during the period. Catalyst Capital Advisors LLC’s holdings in Republic Services were worth $104,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Stifel Financial Corp increased its position in Republic Services by 437.9% in the 3rd quarter. Stifel Financial Corp now owns 1,814,613 shares of the business services provider’s stock valued at $364,449,000 after acquiring an additional 1,477,255 shares during the period. Wellington Management Group LLP increased its position in Republic Services by 23.2% in the 3rd quarter. Wellington Management Group LLP now owns 6,004,199 shares of the business services provider’s stock valued at $1,205,883,000 after acquiring an additional 1,131,850 shares during the period. International Assets Investment Management LLC increased its position in Republic Services by 83,671.9% in the 3rd quarter. International Assets Investment Management LLC now owns 538,653 shares of the business services provider’s stock valued at $108,183,000 after acquiring an additional 538,010 shares during the period. Nordea Investment Management AB increased its position in Republic Services by 19.4% in the 4th quarter. Nordea Investment Management AB now owns 3,129,322 shares of the business services provider’s stock valued at $626,553,000 after acquiring an additional 509,116 shares during the period. Finally, National Bank of Canada FI increased its position in Republic Services by 544.7% in the 3rd quarter. National Bank of Canada FI now owns 545,613 shares of the business services provider’s stock valued at $109,580,000 after acquiring an additional 460,989 shares during the period. Institutional investors own 57.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on RSG. William Blair restated an “outperform” rating on shares of Republic Services in a research report on Friday, February 14th. BMO Capital Markets upgraded Republic Services from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $211.00 to $238.00 in a research report on Friday, December 6th. Truist Financial reiterated a “buy” rating and set a $250.00 price target (up from $244.00) on shares of Republic Services in a research report on Friday, February 14th. CIBC lifted their price target on Republic Services from $217.00 to $227.00 and gave the company a “neutral” rating in a research report on Wednesday, December 4th. Finally, Royal Bank of Canada upgraded Republic Services from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from $219.00 to $237.00 in a research report on Monday, January 6th. 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 presently has an average rating of “Moderate Buy” and an average price target of $229.25.

Insider Transactions at Republic Services

In related news, Director Katharine Weymouth sold 1,859 shares of Republic Services stock in a transaction on Thursday, December 5th. The stock was 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. This trade represents a 67.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.09% of the stock is currently owned by insiders.

Republic Services Stock Performance

Shares of NYSE RSG opened at $228.22 on Wednesday. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.07. The stock has a market capitalization of $71.47 billion, a price-to-earnings ratio of 36.52, a PEG ratio of 3.24 and a beta of 0.74. The stock’s fifty day simple moving average is $211.31 and its 200 day simple moving average is $207.76. Republic Services, Inc. has a 52-week low of $179.62 and a 52-week high of $232.52.

Republic Services (NYSE:RSG) last issued its earnings results on Thursday, February 13th. The business services provider reported $1.58 EPS for the quarter, topping the consensus estimate of $1.37 by $0.21. The business had revenue of $4.05 billion during the quarter, compared to analysts’ expectations of $4.08 billion. Republic Services had a return on equity of 18.18% and a net margin of 12.46%. During the same quarter last year, the firm posted $1.41 earnings per share. As a group, sell-side analysts forecast that Republic Services, Inc. will post 6.25 earnings per share for the current fiscal year.

Republic Services Dividend Announcement

The firm also recently announced 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 annualized dividend and a dividend yield of 1.02%. Republic Services’s dividend payout ratio (DPR) is presently 37.12%.

Republic Services Company 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.