Republic Services, Inc. (NYSE:RSG) Shares Sold by Sigma Planning Corp

Sigma Planning Corp trimmed its position in Republic Services, Inc. (NYSE:RSG) by 43.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,171 shares of the business services provider’s stock after selling 5,604 shares during the period. Sigma Planning Corp’s holdings in Republic Services were worth $1,183,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. FinTrust Capital Advisors LLC increased its position in shares of Republic Services by 56.3% in the 3rd quarter. FinTrust Capital Advisors LLC now owns 197 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 71 shares during the period. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Republic Services in the 4th quarter valued at $34,000. Millburn Ridgefield Corp acquired a new position in shares of Republic Services in the 3rd quarter valued at $36,000. Catalyst Capital Advisors LLC acquired a new position in shares of Republic Services in the 3rd quarter valued at $36,000. Finally, BKM Wealth Management LLC acquired a new position in shares of Republic Services in the 4th quarter valued at $37,000. 57.73% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Wells Fargo & Company upped their price target on shares of Republic Services from $180.00 to $188.00 and gave the company an “overweight” rating in a report on Tuesday, February 6th. Scotiabank assumed coverage on shares of Republic Services in a report on Monday, April 8th. They issued a “sector perform” rating and a $211.00 price target on the stock. Truist Financial upped their price target on shares of 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 shares of Republic Services from $182.00 to $195.00 and gave the company an “outperform” rating in a report on Wednesday, February 28th. Finally, Jefferies Financial Group upped their price target on shares of Republic Services from $213.00 to $225.00 and gave the company a “buy” rating in a report on Monday, March 18th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $199.77.

Republic Services Trading Up 1.1 %

Shares of Republic Services stock opened at $191.76 on Tuesday. The firm has a market capitalization of $60.40 billion, a PE ratio of 35.06, a P/E/G ratio of 3.32 and a beta of 0.68. Republic Services, Inc. has a twelve month low of $135.33 and a twelve month high of $192.75. The firm’s 50-day moving average price is $186.29 and its 200 day moving average price is $169.53. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 1.13.

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

Republic Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Tuesday, April 2nd were paid a $0.535 dividend. This represents a $2.14 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date was Monday, April 1st. Republic Services’s dividend payout ratio is presently 39.12%.

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 dated Monday, March 4th. The shares were sold at an average price of $184.10, for a total value of $1,002,608.60. Following the completion of the sale, the chief executive officer now owns 85,113 shares in the company, valued at approximately $15,669,303.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.09% of the stock is owned by insiders.

About Republic Services

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.