HighTower Advisors LLC Grows Stock Position in Republic Services, Inc. (NYSE:RSG)

HighTower Advisors LLC increased its holdings in shares of Republic Services, Inc. (NYSE:RSG – Get Rating) by 1.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 23,708 shares of the business services provider’s stock after buying an additional 445 shares during the quarter. HighTower Advisors LLC’s holdings in Republic Services were worth $3,059,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. Mercer Global Advisors Inc. ADV increased its stake in Republic Services by 7.3% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 20,446 shares of the business services provider’s stock worth $2,637,000 after acquiring an additional 1,389 shares during the last quarter. Advisors Preferred LLC acquired a new stake in Republic Services during the fourth quarter worth about $1,619,000. Raymond James Financial Services Advisors Inc. grew its stake in shares of Republic Services by 4.5% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 125,763 shares of the business services provider’s stock valued at $16,226,000 after buying an additional 5,414 shares in the last quarter. Buckhead Capital Management LLC raised its holdings in shares of Republic Services by 9.6% during the 4th quarter. Buckhead Capital Management LLC now owns 15,101 shares of the business services provider’s stock valued at $1,948,000 after buying an additional 1,325 shares during the period. Finally, Sentry Investment Management LLC raised its holdings in shares of Republic Services by 59.4% during the 4th quarter. Sentry Investment Management LLC now owns 2,871 shares of the business services provider’s stock valued at $370,000 after buying an additional 1,070 shares during the period. 57.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. StockNews.com assumed coverage on Republic Services in a report on Thursday. They set a “buy” rating on the stock. Royal Bank of Canada lifted their price objective on Republic Services from $131.00 to $134.00 and gave the stock a “sector perform” rating in a report on Thursday, February 16th. TD Cowen began coverage on Republic Services in a report on Thursday, March 30th. They set a “market perform” rating and a $150.00 price objective on the stock. 22nd Century Group restated a “maintains” rating on shares of Republic Services in a report on Thursday, April 27th. Finally, Truist Financial began coverage on Republic Services in a report on Monday, April 17th. They set a “hold” rating and a $146.00 price objective on the stock. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $145.40.

Republic Services Price Performance

RSG stock opened at $145.09 on Monday. Republic Services, Inc. has a one year low of $119.72 and a one year high of $149.30. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 1.16. The firm has a 50-day moving average of $138.35 and a two-hundred day moving average of $132.75. The firm has a market capitalization of $45.89 billion, a PE ratio of 30.29, a P/E/G ratio of 2.90 and a beta of 0.66.

Republic Services (NYSE:RSG – Get Rating) last announced its quarterly earnings data on Thursday, April 27th. The business services provider reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.11. The business had revenue of $3.58 billion for the quarter, compared to the consensus estimate of $3.43 billion. Republic Services had a net margin of 10.76% and a return on equity of 16.66%. Republic Services’s quarterly revenue was up 20.6% on a year-over-year basis. During the same quarter last year, the company posted $1.14 earnings per share. On average, analysts forecast that Republic Services, Inc. will post 5.24 earnings per share for the current year.

Republic Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 14th. Shareholders of record on Monday, July 3rd will be issued a dividend of $0.495 per share. The ex-dividend date is Friday, June 30th. This represents a $1.98 dividend on an annualized basis and a dividend yield of 1.36%. Republic Services’s payout ratio is presently 41.34%.

Insider Buying and Selling at Republic Services

In other Republic Services news, Director Katharine Weymouth sold 4,304 shares of Republic Services stock in a transaction on Thursday, March 16th. The stock was sold at an average price of $133.56, for a total transaction of $574,842.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Katharine Weymouth sold 4,304 shares of the firm’s stock in a transaction on Thursday, March 16th. The stock was sold at an average price of $133.56, for a total value of $574,842.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Tomago Collins sold 1,545 shares of Republic Services stock in a transaction dated Wednesday, March 22nd. The stock was sold at an average price of $130.77, for a total value of $202,039.65. Following the completion of the sale, the director now owns 10,604 shares of the company’s stock, valued at $1,386,685.08. The disclosure for this sale can be found here. Company insiders own 0.09% of the company’s stock.

Republic Services Company Profile

(Get Rating)

Republic Services, Inc engages in the provision of environmental services. It operates through the following segments: Group 1, Group 2, and Group 3. The Group 1 segment focuses on the business of recycling and solid waste in geographic areas located in western United States. The Group 2 segment includes the recycling and solid waste business in geographic areas located in the southeastern and mid-western and the eastern seaboard of the United States.