Keybank National Association OH Has $93.93 Million Stock Position in Republic Services, Inc. (NYSE:RSG)

Keybank National Association OH decreased its stake in shares of Republic Services, Inc. (NYSE:RSG) by 1.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 466,899 shares of the business services provider’s stock after selling 5,693 shares during the period. Keybank National Association OH’s holdings in Republic Services were worth $93,931,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Commerzbank Aktiengesellschaft FI lifted its position in Republic Services by 24.4% during the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 2,724 shares of the business services provider’s stock worth $549,000 after buying an additional 534 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Republic Services by 2.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,266,899 shares of the business services provider’s stock valued at $254,875,000 after buying an additional 29,374 shares in the last quarter. Steward Partners Investment Advisory LLC increased its position in Republic Services by 8.2% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 13,497 shares of the business services provider’s stock valued at $2,715,000 after acquiring an additional 1,022 shares during the period. Fidelis Capital Partners LLC raised its position in shares of Republic Services by 3.9% in the 4th quarter. Fidelis Capital Partners LLC now owns 1,579 shares of the business services provider’s stock worth $349,000 after acquiring an additional 59 shares in the last quarter. Finally, LGT Fund Management Co Ltd. increased its holdings in shares of Republic Services by 22.9% during the fourth quarter. LGT Fund Management Co Ltd. now owns 5,833 shares of the business services provider’s stock valued at $1,173,000 after acquiring an additional 1,085 shares in the last quarter. Institutional investors and hedge funds own 57.73% of the company’s stock.

Insider Activity at Republic Services

In other news, Director Katharine Weymouth sold 1,859 shares of the firm’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $215.27, for a total transaction of $400,186.93. Following the sale, the director now directly owns 879 shares in the company, valued at $189,222.33. This trade represents 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 stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $228.20, for a total transaction of $1,436,062.60. Following the completion of the sale, the chief operating officer now owns 10,416 shares of the company’s stock, valued at $2,376,931.20. This trade represents a 37.66 % 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 corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on RSG shares. Jefferies Financial Group increased their target price on shares of Republic Services from $235.00 to $244.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. The Goldman Sachs Group lifted their price target on Republic Services from $239.00 to $265.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. BMO Capital Markets raised Republic Services from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $211.00 to $238.00 in a research report on Friday, December 6th. Royal Bank of Canada raised Republic Services from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $219.00 to $237.00 in a report on Monday, January 6th. Finally, Truist Financial restated a “buy” rating and set a $250.00 target price (up previously from $244.00) on shares of Republic Services in a research note on Friday, February 14th. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $234.56.

Republic Services Price Performance

Shares of RSG opened at $239.49 on Tuesday. The business has a 50-day moving average of $216.48 and a 200-day moving average of $210.05. Republic Services, Inc. has a 1 year low of $180.91 and a 1 year high of $240.64. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.58 and a quick ratio of 0.64. The company has a market capitalization of $74.79 billion, a price-to-earnings ratio of 36.90, a price-to-earnings-growth ratio of 3.64 and a beta of 0.74.

Republic Services (NYSE:RSG) last issued its earnings results on Thursday, February 13th. The business services provider reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.21. Republic Services had a return on equity of 18.28% and a net margin of 12.74%. The business had revenue of $4.05 billion during the quarter, compared to analyst estimates of $4.08 billion. During the same quarter in the prior year, the firm earned $1.41 earnings per share. As a group, equities research analysts anticipate that Republic Services, Inc. will post 6.86 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 given 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 0.97%. Republic Services’s payout ratio is currently 35.75%.

About Republic Services

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.