Douglass Winthrop Advisors LLC Buys 90 Shares of Republic Services, Inc. (NYSE:RSG)

Douglass Winthrop Advisors LLC raised its position in shares of Republic Services, Inc. (NYSE:RSG) by 3.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,870 shares of the business services provider’s stock after purchasing an additional 90 shares during the quarter. Douglass Winthrop Advisors LLC’s holdings in Republic Services were worth $577,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Algebris UK Ltd bought a new position in shares of Republic Services in the 4th quarter valued at about $1,514,000. Generali Investments Management Co LLC bought a new stake in shares of Republic Services in the 4th quarter worth about $134,000. Xponance Inc. grew its holdings in Republic Services by 8.1% during the 4th quarter. Xponance Inc. now owns 31,504 shares of the business services provider’s stock valued at $6,338,000 after purchasing an additional 2,360 shares during the last quarter. Generali Asset Management SPA SGR bought a new stake in Republic Services in the fourth quarter worth about $45,000. Finally, Horizon Investments LLC boosted its position in shares of Republic Services by 1.7% during the fourth quarter. Horizon Investments LLC now owns 3,615 shares of the business services provider’s stock valued at $725,000 after buying an additional 62 shares during the period. 57.73% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Republic Services news, COO Gregg Brummer sold 6,293 shares of the firm’s stock in a transaction that occurred on 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 transaction, 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 filing with the SEC, which can be accessed through this link. Corporate insiders own 0.09% of the company’s stock.

Republic Services Trading Down 0.8 %

NYSE:RSG opened at $232.95 on Friday. The firm has a 50 day moving average of $224.90 and a 200 day moving average of $212.62. The stock has a market capitalization of $72.75 billion, a price-to-earnings ratio of 35.89, a PEG ratio of 3.64 and a beta of 0.73. The company has a quick ratio of 0.64, a current ratio of 0.58 and a debt-to-equity ratio of 1.04. Republic Services, Inc. has a 52 week low of $180.92 and a 52 week high of $240.95.

Republic Services (NYSE:RSG) last announced its earnings results on Thursday, February 13th. The business services provider reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.21. The company had revenue of $4.05 billion for the quarter, compared to analyst estimates 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 prior year, the company posted $1.41 EPS. As a group, sell-side analysts anticipate that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.

Republic Services Dividend Announcement

The business 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. The ex-dividend date is Wednesday, April 2nd. This represents a $2.32 dividend on an annualized basis and a yield of 1.00%. Republic Services’s payout ratio is 35.75%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on RSG shares. Stifel Nicolaus boosted their price objective on Republic Services from $240.00 to $257.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Cibc World Mkts upgraded shares of Republic Services from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 4th. Truist Financial reiterated a “buy” rating and set a $250.00 price objective (up previously from $244.00) on shares of Republic Services in a report on Friday, February 14th. UBS Group upped their target price on shares of Republic Services from $212.00 to $240.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 19th. Finally, William Blair reiterated an “outperform” rating on shares of Republic Services in a report on Friday, February 14th. Five equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $236.88.

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.