Xponance Inc. Grows Stake in Republic Services, Inc. (NYSE:RSG)

Xponance Inc. raised its stake in Republic Services, Inc. (NYSE:RSG) by 8.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,504 shares of the business services provider’s stock after purchasing an additional 2,360 shares during the quarter. Xponance Inc.’s holdings in Republic Services were worth $6,338,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. FSA Wealth Management LLC purchased a new position in Republic Services in the third quarter valued at about $25,000. Arcadia Investment Management Corp MI raised its position in Republic Services by 200.0% in the fourth quarter. Arcadia Investment Management Corp MI now owns 132 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 88 shares during the period. R Squared Ltd purchased a new position in Republic Services in the fourth quarter valued at about $32,000. Truvestments Capital LLC purchased a new stake in shares of Republic Services during the third quarter worth about $34,000. Finally, Generali Asset Management SPA SGR purchased a new stake in shares of Republic Services during the fourth quarter worth about $45,000. 57.73% of the stock is owned by hedge funds and other institutional investors.

Republic Services Stock Performance

Shares of RSG stock opened at $234.70 on Thursday. The company has a quick ratio of 0.64, a current ratio of 0.58 and a debt-to-equity ratio of 1.04. The business has a 50 day moving average of $223.82 and a two-hundred day moving average of $212.29. Republic Services, Inc. has a 52 week low of $180.92 and a 52 week high of $240.95. The company has a market cap of $73.29 billion, a P/E ratio of 36.16, a PEG ratio of 3.64 and a beta of 0.73.

Republic Services (NYSE:RSG) last issued its quarterly earnings data 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. The business had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $4.08 billion. Republic Services had a return on equity of 18.28% and a net margin of 12.74%. During the same period in the previous year, the firm posted $1.41 earnings per share. As a group, analysts anticipate that Republic Services, Inc. will post 6.86 EPS for the current year.

Republic Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Wednesday, April 2nd will be given a dividend of $0.58 per share. The ex-dividend date is Wednesday, April 2nd. This represents a $2.32 annualized dividend and a dividend yield of 0.99%. Republic Services’s dividend payout ratio is presently 35.75%.

Analyst Ratings Changes

A number of analysts have recently issued reports on RSG shares. William Blair reaffirmed an “outperform” rating on shares of Republic Services in a research report on Friday, February 14th. UBS Group lifted their target price on Republic Services from $212.00 to $240.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 19th. Stifel Nicolaus lifted their target price on Republic Services from $240.00 to $257.00 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 target price (up from $244.00) on shares of Republic Services in a research report on Friday, February 14th. Finally, Jefferies Financial Group boosted their price objective on Republic Services from $235.00 to $244.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Five investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $236.88.

Insider Transactions at Republic Services

In other news, COO Gregg Brummer sold 6,293 shares of the business’s 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 transaction, the chief operating officer now directly owns 10,416 shares in the company, valued at approximately $2,376,931.20. The trade was a 37.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.09% of the company’s stock.

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.