Xponance Inc. Has $4.30 Million Stock Position in Republic Services, Inc. (NYSE:RSG)

Xponance Inc. grew its position in shares of Republic Services, Inc. (NYSE:RSG) by 0.9% in the 4th quarter, HoldingsChannel reports. The fund owned 26,083 shares of the business services provider’s stock after buying an additional 225 shares during the period. Xponance Inc.’s holdings in Republic Services were worth $4,301,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Norges Bank purchased a new stake in Republic Services in the 4th quarter valued at $258,032,000. JPMorgan Chase & Co. lifted its holdings in Republic Services by 40.8% during the first quarter. JPMorgan Chase & Co. now owns 6,180,535 shares of the business services provider’s stock worth $835,731,000 after acquiring an additional 1,791,149 shares during the period. Magellan Asset Management Ltd boosted its position in Republic Services by 1,497,159.0% in the third quarter. Magellan Asset Management Ltd now owns 913,328 shares of the business services provider’s stock worth $130,158,000 after purchasing an additional 913,267 shares during the last quarter. Goldman Sachs Group Inc. grew its stake 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 purchasing an additional 862,917 shares during the period. Finally, FMR LLC raised its stake in shares of Republic Services by 34.4% during the 3rd quarter. FMR LLC now owns 2,202,405 shares of the business services provider’s stock worth $313,865,000 after purchasing an additional 563,761 shares during the period. 57.73% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Republic Services

In related news, CEO Ark Jon Vander sold 5,446 shares of the company’s stock in a transaction on 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 transaction, the chief executive officer now directly owns 85,113 shares in the company, valued at $15,669,303.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.09% of the company’s stock.

Republic Services Stock Performance

NYSE RSG opened at $189.76 on Friday. The company’s 50 day simple moving average is $185.90 and its two-hundred day simple moving average is $169.01. The stock has a market capitalization of $59.77 billion, a PE ratio of 34.69, a P/E/G ratio of 3.32 and a beta of 0.68. 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, Inc. has a 1 year low of $135.33 and a 1 year high of $192.57.

Republic Services (NYSE:RSG) last posted its quarterly earnings data on Tuesday, February 27th. The business services provider reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.13. The company had revenue of $3.83 billion during 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%. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the company earned $1.13 earnings per share. Analysts predict that Republic Services, Inc. will post 6.01 earnings per share for the current fiscal year.

Republic Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Tuesday, April 2nd were paid 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 dividend payout ratio is presently 39.12%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Royal Bank of Canada assumed coverage on shares of Republic Services in a report on Monday, April 8th. They set a “sector perform” rating and a $198.00 price objective for the company. BMO Capital Markets lifted their price target on shares of Republic Services from $173.00 to $195.00 and gave the stock a “market perform” rating in a report on Wednesday, February 28th. Morgan Stanley lowered Republic Services from an “overweight” rating to an “equal weight” rating and set a $199.00 price objective for the company. in a report on Friday, March 15th. Scotiabank started coverage on Republic Services in a research report on Monday, April 8th. They set a “sector perform” rating and a $211.00 price target on the stock. Finally, Truist Financial lifted their price objective on Republic Services from $175.00 to $192.00 and gave the stock a “hold” 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 company. According to MarketBeat, Republic Services currently has an average rating of “Moderate Buy” and a consensus price target of $199.77.

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.