Empowered Funds LLC Grows Stake in Republic Services, Inc. (NYSE:RSG)

Empowered Funds LLC grew its position in Republic Services, Inc. (NYSE:RSG) by 9.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,571 shares of the business services provider’s stock after purchasing an additional 1,399 shares during the quarter. Empowered Funds LLC’s holdings in Republic Services were worth $3,324,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. FSA Wealth Management LLC purchased a new position in Republic Services in the third quarter worth $25,000. Wolff Wiese Magana LLC grew its holdings in Republic Services by 351.6% in the third quarter. Wolff Wiese Magana LLC now owns 140 shares of the business services provider’s stock worth $28,000 after purchasing an additional 109 shares during the last quarter. R Squared Ltd purchased a new stake in shares of Republic Services during the fourth quarter valued at $32,000. Truvestments Capital LLC purchased a new stake in shares of Republic Services during the third quarter valued at $34,000. Finally, Ashton Thomas Securities LLC purchased a new stake in shares of Republic Services during the third quarter valued at $39,000. 57.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on RSG. Oppenheimer boosted their price objective on shares of Republic Services from $219.00 to $220.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Morgan Stanley boosted their price objective on shares of Republic Services from $217.00 to $220.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. Truist Financial boosted their price objective on shares of Republic Services from $220.00 to $244.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Jefferies Financial Group boosted their price objective on shares of Republic Services from $235.00 to $244.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Finally, CIBC upped their price target on shares of Republic Services from $217.00 to $227.00 and gave the company a “neutral” rating in a report on Wednesday, December 4th. Six equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $224.38.

Republic Services Trading Up 0.1 %

Shares of Republic Services stock opened at $223.38 on Thursday. The firm has a 50-day simple moving average of $210.32 and a two-hundred day simple moving average of $206.82. The company has a market cap of $69.95 billion, a P/E ratio of 35.74, a price-to-earnings-growth ratio of 3.24 and a beta of 0.74. Republic Services, Inc. has a fifty-two week low of $172.23 and a fifty-two week high of $224.45. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.64 and a current ratio of 0.64.

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 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 1.04%. Republic Services’s dividend payout ratio (DPR) is presently 37.12%.

Insider Buying and Selling

In related 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 owns 879 shares in the company, valued at $189,222.33. This represents a 67.90 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Brian M. Delghiaccio sold 5,071 shares of the company’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $210.02, for a total transaction of $1,065,011.42. Following the transaction, the chief financial officer now owns 6,318 shares of the company’s stock, valued at approximately $1,326,906.36. This trade represents a 44.53 % decrease in their position. The disclosure for this sale can be found here. 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.