Good Life Advisors LLC Has $226,000 Position in Republic Services, Inc. (NYSE:RSG)

Good Life Advisors LLC cut its position in Republic Services, Inc. (NYSE:RSG) by 7.0% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,122 shares of the business services provider’s stock after selling 85 shares during the quarter. Good Life Advisors LLC’s holdings in Republic Services were worth $226,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in RSG. Whittier Trust Co. raised its position in shares of Republic Services by 14.5% in the 3rd quarter. Whittier Trust Co. now owns 1,162 shares of the business services provider’s stock valued at $233,000 after buying an additional 147 shares in the last quarter. International Assets Investment Management LLC grew its holdings in shares of Republic Services by 83,671.9% during 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 purchasing an additional 538,010 shares during the last quarter. Hennion & Walsh Asset Management Inc. grew its holdings in shares of Republic Services by 1.9% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 10,795 shares of the business services provider’s stock valued at $2,168,000 after purchasing an additional 204 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Republic Services by 15.2% during the 3rd quarter. Assenagon Asset Management S.A. now owns 5,663 shares of the business services provider’s stock valued at $1,137,000 after purchasing an additional 746 shares during the last quarter. Finally, Values First Advisors Inc. bought a new stake in shares of Republic Services during the 3rd quarter valued at approximately $85,000. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Republic Services Trading Down 0.1 %

NYSE:RSG opened at $230.73 on Friday. The firm’s fifty day moving average is $212.87 and its 200-day moving average is $208.51. 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 $232.52. The firm has a market cap of $72.05 billion, a P/E ratio of 35.55, a P/E/G ratio of 3.62 and a beta of 0.74.

Republic Services (NYSE:RSG) last posted its quarterly earnings data on Thursday, February 13th. The business services provider reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.21. Republic Services had a net margin of 12.74% and a return on equity of 18.28%. The company had revenue of $4.05 billion for the quarter, compared to analyst estimates of $4.08 billion. During the same period in the prior year, the firm posted $1.41 EPS. Equities analysts expect that Republic Services, Inc. will post 6.86 earnings per share for the current year.

Republic Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Wednesday, April 2nd will be given a dividend of $0.58 per share. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.01%. Republic Services’s payout ratio is presently 35.75%.

Insider Activity at Republic Services

In related news, Director Katharine Weymouth sold 1,859 shares of the business’s stock in a transaction 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 transaction, the director now owns 879 shares in the company, valued at $189,222.33. The trade was a 67.90 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 owns 10,416 shares in the company, valued at approximately $2,376,931.20. The trade was a 37.66 % decrease in their position. The disclosure for this sale can be found here. 0.09% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on RSG shares. Deutsche Bank Aktiengesellschaft raised shares of Republic Services from a “hold” rating to a “buy” rating and lifted their price target for the company from $219.00 to $237.00 in a report on Tuesday, December 10th. Royal Bank of Canada raised shares of 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 report on Monday, January 6th. William Blair reaffirmed an “outperform” rating on shares of Republic Services in a report on Friday, February 14th. UBS Group boosted their target price on shares of Republic Services from $212.00 to $240.00 and gave the stock a “neutral” rating in a report on Wednesday. Finally, Truist Financial reissued a “buy” rating and set a $250.00 target price (up from $244.00) on shares of Republic Services in a report on Friday, February 14th. Six equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, Republic Services presently has a consensus rating of “Moderate Buy” and an average target price of $231.75.

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.