Avantax Advisory Services Inc. Has $3.39 Million Stock Holdings in Republic Services, Inc. (NYSE:RSG)

Avantax Advisory Services Inc. lessened its position in shares of Republic Services, Inc. (NYSE:RSG) by 3.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,860 shares of the business services provider’s stock after selling 577 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Republic Services were worth $3,392,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. GSA Capital Partners LLP lifted its stake in Republic Services by 80.7% in the third quarter. GSA Capital Partners LLP now owns 4,103 shares of the business services provider’s stock valued at $824,000 after buying an additional 1,833 shares during the period. Huntington National Bank lifted its stake in Republic Services by 1.1% in the third quarter. Huntington National Bank now owns 11,222 shares of the business services provider’s stock valued at $2,254,000 after buying an additional 123 shares during the period. KBC Group NV lifted its stake in Republic Services by 1.9% in the third quarter. KBC Group NV now owns 90,490 shares of the business services provider’s stock valued at $18,174,000 after buying an additional 1,660 shares during the period. Metis Global Partners LLC lifted its stake in Republic Services by 1.6% in the third quarter. Metis Global Partners LLC now owns 6,730 shares of the business services provider’s stock valued at $1,352,000 after buying an additional 105 shares during the period. Finally, Tokio Marine Asset Management Co. Ltd. lifted its stake in Republic Services by 9.5% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 6,155 shares of the business services provider’s stock valued at $1,236,000 after buying an additional 534 shares during the period. Institutional investors and hedge funds own 57.73% of the company’s stock.

Wall Street Analysts Forecast Growth

RSG has been the topic of a number of research analyst reports. UBS Group raised their price target on Republic Services from $212.00 to $240.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 19th. The Goldman Sachs Group raised their price target on Republic Services from $239.00 to $265.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Truist Financial reaffirmed a “buy” rating and set a $250.00 price target (up previously from $244.00) on shares of Republic Services in a research report on Friday, February 14th. Cibc World Mkts raised Republic Services from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 4th. Finally, Deutsche Bank Aktiengesellschaft raised Republic Services from a “hold” rating to a “buy” rating and raised their price target for the stock from $219.00 to $237.00 in a research report on Tuesday, December 10th. Five investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Republic Services presently has a consensus rating of “Moderate Buy” and an average target price of $236.88.

Republic Services Stock Performance

Shares of NYSE RSG opened at $232.08 on Friday. The company has a current ratio of 0.58, a quick ratio of 0.64 and a debt-to-equity ratio of 1.04. Republic Services, Inc. has a 12 month low of $180.91 and a 12 month high of $240.95. The stock has a 50 day moving average of $221.95 and a 200-day moving average of $211.71. The company has a market capitalization of $72.48 billion, a P/E ratio of 35.76, a P/E/G ratio of 3.64 and a beta of 0.73.

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. 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 during the quarter, compared to the consensus estimate of $4.08 billion. During the same period in the previous year, the company posted $1.41 EPS. As a group, equities research analysts predict that Republic Services, Inc. will post 6.86 EPS for the current year.

Republic Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Wednesday, April 2nd will be issued a dividend of $0.58 per share. The ex-dividend date is Wednesday, April 2nd. This represents a $2.32 annualized dividend and a yield of 1.00%. Republic Services’s payout ratio is currently 35.75%.

Insider Buying and Selling

In related news, COO Gregg Brummer sold 6,293 shares of Republic Services stock in a transaction that occurred 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 completion of the sale, the chief operating officer now directly owns 10,416 shares of the company’s stock, valued at approximately $2,376,931.20. This trade represents a 37.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.09% of the stock is currently owned by insiders.

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.