Atria Wealth Solutions Inc. Buys 1,680 Shares of Republic Services, Inc. (NYSE:RSG)

Atria Wealth Solutions Inc. raised its stake in Republic Services, Inc. (NYSE:RSG) by 10.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,557 shares of the business services provider’s stock after acquiring an additional 1,680 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Republic Services were worth $2,902,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of RSG. JPMorgan Chase & Co. grew its stake in shares of Republic Services by 0.7% in the third quarter. JPMorgan Chase & Co. now owns 6,658,978 shares of the business services provider’s stock valued at $948,971,000 after acquiring an additional 44,512 shares in the last quarter. Morgan Stanley grew its position in shares of Republic Services by 4.1% during the 3rd quarter. Morgan Stanley now owns 5,054,359 shares of the business services provider’s stock worth $720,297,000 after purchasing an additional 197,654 shares in the last quarter. Nordea Investment Management AB increased its holdings in shares of Republic Services by 2.9% during the third quarter. Nordea Investment Management AB now owns 3,790,052 shares of the business services provider’s stock worth $547,473,000 after purchasing an additional 107,499 shares during the period. Allspring Global Investments Holdings LLC raised its position in shares of Republic Services by 0.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 3,727,719 shares of the business services provider’s stock valued at $531,237,000 after buying an additional 13,166 shares in the last quarter. Finally, Northern Trust Corp grew its position in Republic Services by 4.8% during the third quarter. Northern Trust Corp now owns 2,376,009 shares of the business services provider’s stock worth $338,605,000 after buying an additional 109,437 shares in the last quarter. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Republic Services Stock Performance

Shares of RSG opened at $191.92 on Monday. The firm’s fifty day simple moving average is $187.36 and its two-hundred day simple moving average is $170.83. Republic Services, Inc. has a 12 month low of $135.33 and a 12 month high of $193.82. 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 stock has a market capitalization of $60.45 billion, a P/E ratio of 35.09, a price-to-earnings-growth ratio of 3.36 and a beta of 0.68.

Republic Services (NYSE:RSG) last released its 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 company had revenue of $3.83 billion for the quarter, compared to the consensus estimate 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 quarter in the previous year, the company earned $1.13 EPS. As a group, analysts predict that Republic Services, Inc. will post 6.01 EPS for the current year.

Republic Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Tuesday, July 2nd will be issued a dividend of $0.535 per share. The ex-dividend date is Tuesday, July 2nd. This represents a $2.14 annualized dividend and a yield of 1.12%. Republic Services’s payout ratio is 39.12%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Truist Financial upped their target price on Republic Services from $175.00 to $192.00 and gave the company a “hold” rating in a research report on Wednesday, February 28th. Jefferies Financial Group lifted their price target on Republic Services from $213.00 to $225.00 and gave the company a “buy” rating in a research note on Monday, March 18th. Oppenheimer boosted their target price on shares of Republic Services from $182.00 to $195.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 28th. Wells Fargo & Company raised their price objective on Republic Services from $180.00 to $188.00 and gave the company an “overweight” rating in a report on Tuesday, February 6th. Finally, Citigroup upped their target price on Republic Services from $190.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, February 29th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $199.77.

Insiders Place Their Bets

In related news, CEO Ark Jon Vander sold 5,446 shares of the firm’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $184.10, for a total transaction of $1,002,608.60. Following the transaction, the chief executive officer now directly owns 85,113 shares of the company’s stock, valued at $15,669,303.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.09% of the company’s stock.

Republic Services Company 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.