International Assets Investment Management LLC Has $30.51 Million Position in Republic Services, Inc. (NYSE:RSG)

International Assets Investment Management LLC lifted its holdings in Republic Services, Inc. (NYSE:RSG) by 34,679.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 185,029 shares of the business services provider’s stock after acquiring an additional 184,497 shares during the quarter. International Assets Investment Management LLC’s holdings in Republic Services were worth $30,513,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. FinTrust Capital Advisors LLC boosted its position 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 acquiring an additional 71 shares during the period. Millburn Ridgefield Corp acquired a new position in Republic Services in the 3rd quarter valued at approximately $36,000. Catalyst Capital Advisors LLC purchased a new stake in Republic Services in the 3rd quarter worth approximately $36,000. BKM Wealth Management LLC acquired a new stake in shares of Republic Services during the 4th quarter valued at $37,000. Finally, Asset Dedication LLC increased its stake in shares of Republic Services by 48.1% in the third quarter. Asset Dedication LLC now owns 277 shares of the business services provider’s stock worth $40,000 after acquiring an additional 90 shares during the last quarter. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Republic Services Stock Down 0.5 %

Shares of RSG stock opened at $185.51 on Friday. The stock has a market cap of $58.43 billion, a P/E ratio of 32.55, a price-to-earnings-growth ratio of 3.25 and a beta of 0.67. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.53 and a quick ratio of 0.56. The stock has a fifty day moving average price of $188.01 and a 200 day moving average price of $171.68. Republic Services, Inc. has a one year low of $140.07 and a one year high of $196.76.

Republic Services (NYSE:RSG) last released its quarterly earnings data on Tuesday, April 30th. The business services provider reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.10. The company had revenue of $3.86 billion during the quarter, compared to the consensus estimate of $3.89 billion. Republic Services had a net margin of 11.81% and a return on equity of 17.56%. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period last year, the firm earned $1.24 EPS. Analysts predict that Republic Services, Inc. will post 6.01 earnings per share for the current year.

Republic Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Tuesday, July 2nd will be paid a $0.535 dividend. The ex-dividend date of this dividend is Tuesday, July 2nd. This represents a $2.14 annualized dividend and a dividend yield of 1.15%. Republic Services’s dividend payout ratio is currently 37.54%.

Insider Buying and Selling

In other Republic Services news, CEO Ark Jon Vander sold 5,446 shares of the company’s stock in a transaction 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 sale, 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 accessible through this hyperlink. 0.09% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on RSG shares. Morgan Stanley cut Republic Services from an “overweight” rating to an “equal weight” rating and set a $199.00 price objective for the company. in a research report on Friday, March 15th. Scotiabank boosted their price target on Republic Services from $211.00 to $213.00 and gave the company a “sector perform” rating in a research note on Wednesday. Wells Fargo & Company raised their price objective on shares of Republic Services from $180.00 to $188.00 and gave the company an “overweight” rating in a research report on Tuesday, February 6th. BMO Capital Markets boosted their target price on shares of Republic Services from $173.00 to $195.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 28th. Finally, Truist Financial raised their price target on shares of Republic Services from $175.00 to $192.00 and gave the company a “hold” rating in a report on Wednesday, February 28th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $201.00.

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.