Mutual of America Capital Management LLC Lowers Holdings in Republic Services, Inc. (NYSE:RSG)

Mutual of America Capital Management LLC trimmed its holdings in Republic Services, Inc. (NYSE:RSG) by 4.9% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 27,446 shares of the business services provider’s stock after selling 1,405 shares during the period. Mutual of America Capital Management LLC’s holdings in Republic Services were worth $4,526,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. FinTrust Capital Advisors LLC lifted its stake in Republic Services by 56.3% during the third quarter. FinTrust Capital Advisors LLC now owns 197 shares of the business services provider’s stock worth $28,000 after purchasing an additional 71 shares in the last quarter. Turtle Creek Wealth Advisors LLC acquired a new position in Republic Services during the fourth quarter worth $34,000. Strategic Investment Solutions Inc. IL acquired a new position in Republic Services during the first quarter worth $34,000. Millburn Ridgefield Corp acquired a new position in Republic Services during the third quarter worth $36,000. Finally, Catalyst Capital Advisors LLC acquired a new position in Republic Services during the third quarter worth $36,000. 57.73% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on RSG. The Goldman Sachs Group upped their price target on Republic Services from $182.00 to $209.00 and gave the stock a “buy” rating in a research note on Wednesday, February 28th. Wells Fargo & Company lifted their target price on Republic Services from $180.00 to $188.00 and gave the company an “overweight” rating in a report on Tuesday, February 6th. Jefferies Financial Group lifted their target price on Republic Services from $213.00 to $225.00 and gave the company a “buy” rating in a report on Monday, March 18th. Morgan Stanley lowered Republic Services from an “overweight” rating to an “equal weight” rating and set a $199.00 target price for the company. in a report on Friday, March 15th. Finally, BMO Capital Markets lifted their target price on Republic Services from $173.00 to $195.00 and gave the company a “market perform” rating in a report on Wednesday, February 28th. 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 presently has a consensus rating of “Moderate Buy” and an average target price of $198.15.

Insider Activity at Republic Services

In related news, CEO Ark Jon Vander sold 5,446 shares of the business’s stock in a transaction dated 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 owns 85,113 shares in the company, valued at approximately $15,669,303.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.09% of the stock is currently owned by insiders.

Republic Services Stock Down 0.3 %

RSG opened at $187.27 on Tuesday. The business’s 50-day simple moving average is $184.72 and its 200-day simple moving average is $167.88. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.56 and a current ratio of 0.56. Republic Services, Inc. has a one year low of $135.33 and a one year high of $192.57. The stock has a market capitalization of $58.99 billion, a P/E ratio of 34.24, a price-to-earnings-growth ratio of 3.29 and a beta of 0.68.

Republic Services (NYSE:RSG) last posted its 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. Republic Services had a return on equity of 17.32% and a net margin of 11.57%. The business had revenue of $3.83 billion for the quarter, compared to analysts’ expectations of $3.73 billion. During the same quarter in the previous year, the firm earned $1.13 earnings per share. The business’s revenue was up 8.6% compared to the same quarter last year. Analysts anticipate that Republic Services, Inc. will post 6 EPS for the current 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 given a $0.535 dividend. This represents a $2.14 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend was Monday, April 1st. Republic Services’s dividend payout ratio (DPR) is presently 39.12%.

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.