Desjardins Global Asset Management Inc. Has $60,000 Stock Holdings in Republic Services, Inc. (NYSE:RSG)

Desjardins Global Asset Management Inc. increased its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 34.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 362 shares of the business services provider’s stock after purchasing an additional 93 shares during the period. Desjardins Global Asset Management Inc.’s holdings in Republic Services were worth $60,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in RSG. Norges Bank acquired a new position in shares of Republic Services during the 4th quarter worth about $258,032,000. JPMorgan Chase & Co. raised its holdings in Republic Services by 40.8% in the 1st quarter. JPMorgan Chase & Co. now owns 6,180,535 shares of the business services provider’s stock valued at $835,731,000 after acquiring an additional 1,791,149 shares in the last quarter. Magellan Asset Management Ltd raised its holdings in Republic Services by 1,497,159.0% in the 3rd quarter. Magellan Asset Management Ltd now owns 913,328 shares of the business services provider’s stock valued at $130,158,000 after acquiring an additional 913,267 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in Republic Services by 59.3% in the 2nd quarter. Goldman Sachs Group Inc. now owns 2,317,702 shares of the business services provider’s stock valued at $355,002,000 after acquiring an additional 862,917 shares in the last quarter. Finally, FMR LLC raised its holdings in Republic Services by 34.4% in the 3rd quarter. FMR LLC now owns 2,202,405 shares of the business services provider’s stock valued at $313,865,000 after acquiring an additional 563,761 shares in the last quarter. Institutional investors and hedge funds own 57.73% of the company’s stock.

Republic Services Stock Up 0.4 %

NYSE RSG opened at $189.76 on Friday. The firm has a market cap of $59.77 billion, a PE ratio of 34.69, a price-to-earnings-growth ratio of 3.31 and a beta of 0.68. Republic Services, Inc. has a one year low of $135.33 and a one year high of $192.57. The stock’s 50 day simple moving average is $185.90 and its 200 day simple moving average is $168.82. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.56 and a quick ratio of 0.56.

Republic Services (NYSE:RSG) last released its quarterly earnings results on Tuesday, February 27th. The business services provider reported $1.41 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.13. The business had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.73 billion. Republic Services had a return on equity of 17.32% and a net margin of 11.57%. Republic Services’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.13 EPS. As a group, sell-side analysts forecast that Republic Services, Inc. will post 6.01 earnings per share for the current fiscal year.

Republic Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Tuesday, April 2nd were given a $0.535 dividend. The ex-dividend date of this dividend was Monday, April 1st. This represents a $2.14 dividend on an annualized basis and a yield of 1.13%. Republic Services’s payout ratio is 39.12%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on RSG shares. Truist Financial upped their price target on Republic Services from $175.00 to $192.00 and gave the company a “hold” rating in a report on Wednesday, February 28th. Oppenheimer upped their price target on Republic Services from $182.00 to $195.00 and gave the company an “outperform” rating in a report on Wednesday, February 28th. Wells Fargo & Company upped their price target on Republic Services from $180.00 to $188.00 and gave the company an “overweight” rating in a report on Tuesday, February 6th. Citigroup upped their price objective on Republic Services from $190.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, February 29th. Finally, Royal Bank of Canada started coverage on Republic Services in a research note on Monday, April 8th. They issued a “sector perform” rating and a $198.00 price objective on the stock. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $199.77.

Insider Buying and Selling at Republic Services

In other Republic Services news, CEO Ark Jon Vander sold 5,446 shares of the 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 transaction, the chief executive officer now directly owns 85,113 shares in the company, valued at approximately $15,669,303.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate 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.