Republic Services, Inc. (NYSE:RSG) Shares Bought by First Horizon Advisors Inc.

First Horizon Advisors Inc. grew its position in Republic Services, Inc. (NYSE:RSG) by 11.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 592 shares of the business services provider’s stock after acquiring an additional 63 shares during the period. First Horizon Advisors Inc.’s holdings in Republic Services were worth $119,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. FSA Wealth Management LLC purchased a new stake in Republic Services during the third quarter worth about $25,000. Arcadia Investment Management Corp MI grew its holdings in shares of Republic Services by 200.0% in the fourth quarter. Arcadia Investment Management Corp MI now owns 132 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 88 shares in the last quarter. R Squared Ltd purchased a new stake in Republic Services during the 4th quarter worth approximately $32,000. Truvestments Capital LLC acquired a new stake in Republic Services during the 3rd quarter worth approximately $34,000. Finally, Ashton Thomas Securities LLC purchased a new position in Republic Services in the 3rd quarter valued at approximately $39,000. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Republic Services Price Performance

RSG stock opened at $231.66 on Thursday. Republic Services, Inc. has a 12-month low of $180.91 and a 12-month high of $234.02. The company has a market cap of $72.34 billion, a price-to-earnings ratio of 35.69, a PEG ratio of 3.64 and a beta of 0.74. The firm has a 50 day moving average of $214.49 and a 200-day moving average of $209.25. The company has a current ratio of 0.58, a quick ratio of 0.64 and a debt-to-equity ratio of 1.04.

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, 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 quarter in the prior year, the company earned $1.41 earnings per share. As a group, equities analysts expect that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.

Republic Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Wednesday, April 2nd will be given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date of this dividend is Wednesday, April 2nd. Republic Services’s payout ratio is currently 35.75%.

Insider Activity at Republic Services

In other Republic Services news, COO Gregg Brummer sold 6,293 shares of the business’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 sale, the chief operating officer now directly owns 10,416 shares in the company, valued at $2,376,931.20. The trade was a 37.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Katharine Weymouth sold 1,859 shares of the stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $215.27, for a total value of $400,186.93. Following the completion of the sale, the director now owns 879 shares of the company’s stock, valued at approximately $189,222.33. This trade represents a 67.90 % decrease in their position. The disclosure for this sale can be found here. 0.09% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on RSG shares. Truist Financial reiterated a “buy” rating and issued a $250.00 price objective (up from $244.00) on shares of Republic Services in a research note on Friday, February 14th. William Blair reaffirmed an “outperform” rating on shares of Republic Services in a research report on Friday, February 14th. Argus set a $260.00 price objective on Republic Services in a research report on Tuesday, February 18th. Morgan Stanley raised their target price on shares of Republic Services from $220.00 to $230.00 and gave the company an “equal weight” rating in a report on Friday, February 14th. Finally, The Goldman Sachs Group boosted their price target on shares of Republic Services from $239.00 to $265.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, Republic Services presently has an average rating of “Moderate Buy” and an average price target of $233.41.

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.