Cwm LLC lowered its position in Republic Services, Inc. (NYSE:RSG – Free Report) by 18.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,671 shares of the business services provider’s stock after selling 2,433 shares during the quarter. Cwm LLC’s holdings in Republic Services were worth $2,261,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently made changes to their positions in RSG. Financial Consulate Inc. acquired a new position in shares of Republic Services during the third quarter worth $25,000. Wealth Watch Advisors INC acquired a new stake in shares of Republic Services in the third quarter valued at about $26,000. Annis Gardner Whiting Capital Advisors LLC increased its stake in shares of Republic Services by 121.8% in the third quarter. Annis Gardner Whiting Capital Advisors LLC now owns 122 shares of the business services provider’s stock valued at $28,000 after buying an additional 67 shares during the period. Ameriflex Group Inc. acquired a new stake in shares of Republic Services in the third quarter valued at about $29,000. Finally, Sound Income Strategies LLC acquired a new stake in shares of Republic Services in the fourth quarter valued at about $32,000. Institutional investors and hedge funds own 57.73% of the company’s stock.
Republic Services Stock Performance
NYSE RSG opened at $209.73 on Friday. The company has a fifty day simple moving average of $219.80 and a 200 day simple moving average of $216.56. Republic Services, Inc. has a 12-month low of $201.42 and a 12-month high of $258.75. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.08. The company has a market cap of $64.80 billion, a P/E ratio of 30.62, a PEG ratio of 3.55 and a beta of 0.53.
Republic Services Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Thursday, April 2nd were given a $0.625 dividend. This represents a $2.50 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Thursday, April 2nd. Republic Services’s dividend payout ratio (DPR) is currently 36.79%.
Analyst Upgrades and Downgrades
RSG has been the subject of a number of recent analyst reports. Barclays set a $227.00 price target on Republic Services in a report on Monday, February 23rd. Robert W. Baird dropped their price target on Republic Services from $242.00 to $240.00 and set a “neutral” rating on the stock in a research note on Thursday, April 16th. UBS Group boosted their price target on Republic Services from $225.00 to $240.00 and gave the company a “neutral” rating in a research note on Thursday, March 5th. JPMorgan Chase & Co. boosted their price target on Republic Services from $233.00 to $245.00 and gave the company a “neutral” rating in a research note on Friday, April 10th. Finally, Morgan Stanley reduced their price target on shares of Republic Services from $230.00 to $225.00 and set an “equal weight” rating for the company in a report on Wednesday, February 18th. Ten investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $244.67.
Read Our Latest Stock Analysis on Republic Services
Republic Services Profile
Republic Services, Inc is a leading provider of non-hazardous solid waste and recycling services in the United States. The company offers a broad range of waste management solutions to residential, commercial, industrial and municipal customers, positioning itself as a full-service partner for everyday waste collection as well as specialized disposal needs.
Republic’s core operations include curbside and commercial collection, transfer and hauling, materials recovery and recycling facilities, and landfill disposal.
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