Republic Services, Inc. (NYSE:RSG) Shares Bought by Gladstone Institutional Advisory LLC

Gladstone Institutional Advisory LLC grew its position in shares of Republic Services, Inc. (NYSE:RSGFree Report) by 19.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,785 shares of the business services provider’s stock after acquiring an additional 295 shares during the quarter. Gladstone Institutional Advisory LLC’s holdings in Republic Services were worth $294,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Norges Bank acquired a new position in shares of Republic Services during the fourth quarter valued at $358,837,000. ING Groep NV lifted its holdings in Republic Services by 105.8% in the fourth quarter. ING Groep NV now owns 56,999 shares of the business services provider’s stock worth $9,400,000 after purchasing an additional 29,305 shares during the period. Manchester Capital Management LLC lifted its holdings in Republic Services by 2.4% in the fourth quarter. Manchester Capital Management LLC now owns 4,468 shares of the business services provider’s stock worth $737,000 after purchasing an additional 106 shares during the period. Kentucky Retirement Systems Insurance Trust Fund lifted its holdings in Republic Services by 2.4% in the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 7,286 shares of the business services provider’s stock worth $1,202,000 after purchasing an additional 173 shares during the period. Finally, Kentucky Retirement Systems lifted its holdings in Republic Services by 2.7% in the fourth quarter. Kentucky Retirement Systems now owns 16,363 shares of the business services provider’s stock worth $2,698,000 after purchasing an additional 432 shares during the period. Institutional investors and hedge funds own 57.73% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on RSG. Deutsche Bank Aktiengesellschaft began coverage on shares of Republic Services in a report on Thursday. They issued a “hold” rating and a $203.00 price objective for the company. Wells Fargo & Company upped their price objective on shares of Republic Services from $180.00 to $188.00 and gave the stock an “overweight” rating in a report on Tuesday, February 6th. BMO Capital Markets upped their price target on shares of Republic Services from $173.00 to $195.00 and gave the company a “market perform” rating in a report on Wednesday, February 28th. Truist Financial boosted their price objective on Republic Services from $175.00 to $192.00 and gave the stock a “hold” rating in a report on Wednesday, February 28th. Finally, UBS Group boosted their price objective on Republic Services from $195.00 to $200.00 and gave the stock a “neutral” rating in a report on Wednesday, May 1st. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $201.14.

View Our Latest Analysis on Republic Services

Insider Activity

In other news, CMO Amanda Hodges sold 6,500 shares of the stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $186.02, for a total value of $1,209,130.00. Following the completion of the sale, the chief marketing officer now directly owns 6,831 shares of the company’s stock, valued at $1,270,702.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Ark Jon Vander sold 5,446 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $184.10, for a total value of $1,002,608.60. Following the completion of the transaction, the chief executive officer now directly owns 85,113 shares of the company’s stock, valued at $15,669,303.30. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CMO Amanda Hodges sold 6,500 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $186.02, for a total value of $1,209,130.00. Following the completion of the transaction, the chief marketing officer now directly owns 6,831 shares of the company’s stock, valued at $1,270,702.62. The disclosure for this sale can be found here. 0.09% of the stock is owned by company insiders.

Republic Services Stock Down 0.2 %

Shares of Republic Services stock opened at $186.33 on Friday. The stock has a market capitalization of $58.68 billion, a P/E ratio of 32.69, a PEG ratio of 3.01 and a beta of 0.67. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 1.05. The stock has a 50 day moving average price of $188.80 and a two-hundred day moving average price of $175.83. Republic Services, Inc. has a 12-month low of $140.07 and a 12-month high of $196.76.

Republic Services (NYSE:RSGGet Free Report) last posted its quarterly earnings data on Tuesday, April 30th. The business services provider reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.10. Republic Services had a return on equity of 17.56% and a net margin of 11.81%. The company had revenue of $3.86 billion during the quarter, compared to analysts’ expectations of $3.89 billion. During the same period in the prior year, the business earned $1.24 earnings per share. Republic Services’s revenue for the quarter was up 7.8% compared to the same quarter last year. Equities analysts expect that Republic Services, Inc. will post 6.05 earnings per share for the current year.

Republic Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Tuesday, July 2nd will be given a $0.535 dividend. The ex-dividend date is Tuesday, July 2nd. This represents a $2.14 annualized dividend and a dividend yield of 1.15%. Republic Services’s dividend payout ratio is 37.54%.

About Republic Services

(Free Report)

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.

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Institutional Ownership by Quarter for Republic Services (NYSE:RSG)

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