Bank of Jackson Hole Trust Purchases New Shares in Republic Services, Inc. (NYSE:RSG)

Bank of Jackson Hole Trust acquired a new position in shares of Republic Services, Inc. (NYSE:RSG) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 240 shares of the business services provider’s stock, valued at approximately $48,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in RSG. Kentucky Retirement Systems Insurance Trust Fund lifted its position in shares of Republic Services by 58.2% in the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 9,564 shares of the business services provider’s stock valued at $1,924,000 after acquiring an additional 3,520 shares in the last quarter. Atria Wealth Solutions Inc. raised its stake in Republic Services by 16.7% in the 4th quarter. Atria Wealth Solutions Inc. now owns 24,458 shares of the business services provider’s stock valued at $4,920,000 after purchasing an additional 3,501 shares during the last quarter. D.A. Davidson & CO. boosted its stake in Republic Services by 4.2% during the 4th quarter. D.A. Davidson & CO. now owns 13,227 shares of the business services provider’s stock worth $2,661,000 after purchasing an additional 530 shares during the last quarter. Truist Financial Corp grew its holdings in shares of Republic Services by 2.1% during the fourth quarter. Truist Financial Corp now owns 35,968 shares of the business services provider’s stock worth $7,236,000 after buying an additional 747 shares in the last quarter. Finally, Sanctuary Advisors LLC raised its position in shares of Republic Services by 2.7% in the fourth quarter. Sanctuary Advisors LLC now owns 34,982 shares of the business services provider’s stock valued at $7,639,000 after buying an additional 917 shares during the last quarter. 57.73% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Republic Services news, COO Gregg Brummer sold 6,293 shares of the company’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $228.20, for a total transaction of $1,436,062.60. Following the transaction, the chief operating officer now directly owns 10,416 shares in the company, valued at $2,376,931.20. This represents a 37.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Katharine Weymouth sold 1,859 shares of the company’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 $189,222.33. This trade represents 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 owned by insiders.

Republic Services Stock Up 0.5 %

Republic Services stock opened at $230.73 on Friday. The company has a market capitalization of $72.05 billion, a PE ratio of 35.55, a price-to-earnings-growth ratio of 3.61 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 fifty-two week low of $179.62 and a fifty-two week high of $232.52. The firm has a 50 day moving average price of $212.44 and a 200 day moving average price of $208.27.

Republic Services (NYSE:RSG) last released its quarterly earnings results on Thursday, February 13th. The business services provider reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.21. Republic Services had a return on equity of 18.28% and a net margin of 12.74%. The company had revenue of $4.05 billion for the quarter, compared to analysts’ expectations of $4.08 billion. During the same period in the prior year, the firm earned $1.41 earnings per share. Research analysts expect that Republic Services, Inc. will post 6.85 earnings per share for the current year.

Republic Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Wednesday, April 2nd will be paid a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date is Wednesday, April 2nd. Republic Services’s dividend payout ratio (DPR) is 35.75%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on RSG shares. Royal Bank of Canada upgraded shares of Republic Services from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from $219.00 to $237.00 in a research report on Monday, January 6th. 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. Oppenheimer lifted their price objective on Republic Services from $219.00 to $220.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft upgraded Republic Services from a “hold” rating to a “buy” rating and upped their target price for the company from $219.00 to $237.00 in a report on Tuesday, December 10th. Finally, The Goldman Sachs Group boosted their price target on shares of Republic Services from $239.00 to $265.00 and gave the company a “buy” rating in a research report on Tuesday. Six investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $231.75.

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.