Cwm LLC Increases Position in Republic Services, Inc. (NYSE:RSG)

Cwm LLC grew its stake in Republic Services, Inc. (NYSE:RSG) by 8.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,525 shares of the business services provider’s stock after acquiring an additional 660 shares during the quarter. Cwm LLC’s holdings in Republic Services were worth $1,406,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in RSG. FinTrust Capital Advisors LLC grew its stake in Republic Services by 56.3% during the 3rd quarter. FinTrust Capital Advisors LLC now owns 197 shares of the business services provider’s stock worth $28,000 after buying an additional 71 shares during the last quarter. Turtle Creek Wealth Advisors LLC purchased a new position in Republic Services during the 4th quarter worth $34,000. BKM Wealth Management LLC purchased a new position in Republic Services during the 4th quarter worth $37,000. Bruce G. Allen Investments LLC purchased a new position in Republic Services during the 4th quarter worth $41,000. Finally, Millburn Ridgefield Corp purchased a new position in Republic Services during the 3rd quarter worth $36,000. 57.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on RSG shares. Jefferies Financial Group boosted their target price on Republic Services from $213.00 to $225.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. Truist Financial lifted their price target on Republic Services from $175.00 to $192.00 and gave the stock a “hold” rating in a research report on Wednesday, February 28th. Wells Fargo & Company lifted their price target on Republic Services from $180.00 to $188.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 6th. Morgan Stanley cut Republic Services from an “overweight” rating to an “equal weight” rating and set a $199.00 price target for the company. in a research report on Friday, March 15th. Finally, BMO Capital Markets boosted their price objective 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 analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, Republic Services has a consensus rating of “Moderate Buy” and a consensus target price of $199.77.

Insider Activity

In related news, CEO Ark Jon Vander sold 5,446 shares of the stock in a transaction that occurred 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 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 is available at this hyperlink. Company insiders own 0.09% of the company’s stock.

Republic Services Price Performance

NYSE:RSG opened at $191.92 on Friday. Republic Services, Inc. has a 12 month low of $135.33 and a 12 month high of $193.82. The stock has a 50 day moving average of $187.36 and a two-hundred day moving average of $170.49. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 1.13. The firm has a market cap of $60.45 billion, a P/E ratio of 35.09, a price-to-earnings-growth ratio of 3.39 and a beta of 0.68.

Republic Services (NYSE:RSG) last posted its quarterly earnings results on Tuesday, February 27th. The business services provider reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.13. The business 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 business’s revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.13 earnings per share. On average, analysts expect 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. Stockholders of record on Tuesday, April 2nd were given a $0.535 dividend. The ex-dividend date was Monday, April 1st. This represents a $2.14 dividend on an annualized basis and a dividend yield of 1.12%. 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.