B. Metzler seel. Sohn & Co. AG Raises Stock Position in Republic Services, Inc. (NYSE:RSG)

B. Metzler seel. Sohn & Co. AG grew its position in Republic Services, Inc. (NYSE:RSG) by 0.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,610 shares of the business services provider’s stock after buying an additional 65 shares during the period. B. Metzler seel. Sohn & Co. AG’s holdings in Republic Services were worth $3,342,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Public Sector Pension Investment Board raised its position in Republic Services by 17.4% in the third quarter. Public Sector Pension Investment Board now owns 6,761 shares of the business services provider’s stock valued at $1,358,000 after purchasing an additional 1,000 shares during the period. FSA Wealth Management LLC acquired a new stake in shares of Republic Services during the 3rd quarter worth about $25,000. Ascent Group LLC lifted its position in Republic Services by 5.6% in the third quarter. Ascent Group LLC now owns 4,529 shares of the business services provider’s stock valued at $910,000 after buying an additional 240 shares during the last quarter. Hilltop Holdings Inc. boosted its stake in Republic Services by 26.6% during the third quarter. Hilltop Holdings Inc. now owns 2,011 shares of the business services provider’s stock worth $404,000 after buying an additional 422 shares during the period. Finally, HighTower Advisors LLC increased its position in shares of Republic Services by 1.5% during the third quarter. HighTower Advisors LLC now owns 27,359 shares of the business services provider’s stock valued at $5,488,000 after acquiring an additional 406 shares during the last quarter. Institutional investors and hedge funds own 57.73% of the company’s stock.

Republic Services Stock Performance

NYSE:RSG opened at $243.57 on Wednesday. The firm has a market capitalization of $76.06 billion, a PE ratio of 37.53, a price-to-earnings-growth ratio of 3.64 and a beta of 0.73. 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 business’s fifty day moving average price is $228.86 and its 200 day moving average price is $214.39. Republic Services, Inc. has a 12 month low of $180.92 and a 12 month high of $244.45.

Republic Services (NYSE:RSG) last posted its earnings results on Thursday, February 13th. The business services provider reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.21. The firm had revenue of $4.05 billion during the quarter, compared to analysts’ expectations of $4.08 billion. Republic Services had a return on equity of 18.28% and a net margin of 12.74%. During the same quarter in the previous year, the business earned $1.41 earnings per share. On average, 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. Investors of record on Wednesday, April 2nd will be given a $0.58 dividend. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $2.32 dividend on an annualized basis and a yield of 0.95%. Republic Services’s dividend payout ratio (DPR) is presently 35.75%.

Wall Street Analysts Forecast Growth

RSG has been the subject of a number of research analyst reports. CIBC raised shares of Republic Services from a “neutral” rating to a “sector outperform” rating and set a $264.00 price objective for the company in a research report on Tuesday, March 4th. William Blair reaffirmed an “outperform” rating on shares of Republic Services in a research note on Friday, February 14th. Cibc World Mkts upgraded Republic Services from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 4th. BMO Capital Markets upgraded shares of Republic Services from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $211.00 to $238.00 in a research note on Friday, December 6th. Finally, Truist Financial reissued a “buy” rating and issued a $250.00 price objective (up previously from $244.00) on shares of Republic Services in a research note on Friday, February 14th. Five equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Republic Services currently has an average rating of “Moderate Buy” and an average price target of $236.88.

Insider Buying and Selling at Republic Services

In related news, COO Gregg Brummer sold 6,293 shares of the company’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $228.20, for a total value 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 $2,376,931.20. This represents a 37.66 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.09% of the stock is currently owned by insiders.

Republic Services Company 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.