Kieckhefer Group LLC Makes New Investment in Republic Services, Inc. (NYSE:RSG)

Kieckhefer Group LLC bought a new position in shares of Republic Services, Inc. (NYSE:RSG) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 250 shares of the business services provider’s stock, valued at approximately $50,000.

Other institutional investors have also made changes to their positions in the company. Stifel Financial Corp lifted its position in shares of Republic Services by 437.9% during the 3rd quarter. Stifel Financial Corp now owns 1,814,613 shares of the business services provider’s stock valued at $364,449,000 after acquiring an additional 1,477,255 shares during the period. Wellington Management Group LLP raised its position in shares of Republic Services by 23.2% in the 3rd quarter. Wellington Management Group LLP now owns 6,004,199 shares of the business services provider’s stock valued at $1,205,883,000 after buying an additional 1,131,850 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Republic Services by 83,671.9% during the 3rd quarter. International Assets Investment Management LLC now owns 538,653 shares of the business services provider’s stock worth $108,183,000 after acquiring an additional 538,010 shares during the period. Nordea Investment Management AB increased its stake in Republic Services by 19.4% in the fourth quarter. Nordea Investment Management AB now owns 3,129,322 shares of the business services provider’s stock valued at $626,553,000 after acquiring an additional 509,116 shares during the last quarter. Finally, National Bank of Canada FI lifted its stake in Republic Services by 544.7% during the third quarter. National Bank of Canada FI now owns 545,613 shares of the business services provider’s stock worth $109,580,000 after purchasing an additional 460,989 shares during the last quarter. 57.73% of the stock is currently owned by institutional investors.

Republic Services Stock Performance

Shares of RSG stock traded up $0.63 during trading on Monday, reaching $206.92. 268,843 shares of the company’s stock traded hands, compared to its average volume of 894,094. The firm’s 50-day moving average is $208.87 and its 200 day moving average is $204.02. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.07. Republic Services, Inc. has a 1 year low of $165.06 and a 1 year high of $220.58. The company has a market capitalization of $64.80 billion, a P/E ratio of 33.11, a PEG ratio of 3.30 and a beta of 0.73.

Republic Services (NYSE:RSG) last issued its quarterly earnings data on Tuesday, October 29th. The business services provider reported $1.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.61 by $0.20. The business had revenue of $4.08 billion for the quarter, compared to analysts’ expectations of $4.12 billion. Republic Services had a return on equity of 18.18% and a net margin of 12.46%. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.54 EPS. Equities research analysts expect that Republic Services, Inc. will post 6.25 EPS for the current year.

Republic Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd will be given a dividend of $0.58 per share. The ex-dividend date is Thursday, January 2nd. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.12%. Republic Services’s dividend payout ratio (DPR) is currently 37.12%.

Insiders Place Their Bets

In other news, Director Katharine Weymouth sold 1,859 shares of the company’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $215.27, for a total transaction of $400,186.93. Following the completion of the transaction, the director now directly owns 879 shares of the company’s stock, valued at approximately $189,222.33. This represents a 67.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Brian M. Delghiaccio sold 5,071 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $210.02, for a total value of $1,065,011.42. Following the completion of the transaction, the chief financial officer now directly owns 6,318 shares of the company’s stock, valued at $1,326,906.36. This represents a 44.53 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on RSG. Truist Financial raised their price objective on Republic Services from $220.00 to $244.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Morgan Stanley upped their price objective on shares of Republic Services from $217.00 to $220.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. Royal Bank of Canada raised shares of Republic Services from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from $219.00 to $237.00 in a research note on Monday, January 6th. William Blair began coverage on Republic Services in a report on Thursday, October 3rd. They set an “outperform” rating on the stock. Finally, BMO Capital Markets raised Republic Services from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $211.00 to $238.00 in a research note on Friday, December 6th. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $221.12.

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.