Republic Services, Inc. (NYSE:RSG) Shares Bought by Brighton Jones LLC

Brighton Jones LLC lifted its position in shares of Republic Services, Inc. (NYSE:RSG) by 0.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 39,691 shares of the business services provider’s stock after acquiring an additional 127 shares during the period. Brighton Jones LLC’s holdings in Republic Services were worth $6,545,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in RSG. FinTrust Capital Advisors LLC lifted its holdings in shares of Republic Services by 56.3% in the 3rd quarter. FinTrust Capital Advisors LLC now owns 197 shares of the business services provider’s stock worth $28,000 after purchasing an additional 71 shares during the last quarter. Turtle Creek Wealth Advisors LLC bought a new position in shares of Republic Services during the fourth quarter worth about $34,000. Millburn Ridgefield Corp acquired a new stake in shares of Republic Services in the 3rd quarter worth about $36,000. Catalyst Capital Advisors LLC acquired a new position in Republic Services during the 3rd quarter valued at about $36,000. Finally, BKM Wealth Management LLC bought a new position in Republic Services in the 4th quarter worth about $37,000. Institutional investors and hedge funds own 57.73% of the company’s stock.

Republic Services Trading Down 0.9 %

Shares of Republic Services stock traded down $1.71 during trading on Tuesday, hitting $191.70. The stock had a trading volume of 2,045,527 shares, compared to its average volume of 1,223,444. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 1.13. The company has a market capitalization of $60.38 billion, a PE ratio of 35.12, a P/E/G ratio of 3.36 and a beta of 0.68. Republic Services, Inc. has a 1 year low of $140.07 and a 1 year high of $196.76. The stock has a 50 day simple moving average of $187.62 and a 200 day simple moving average of $171.16.

Republic Services (NYSE:RSG) last announced its earnings results on Tuesday, April 30th. The business services provider reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.10. The company had revenue of $3.86 billion for the quarter, compared to the consensus estimate of $3.89 billion. Republic Services had a net margin of 11.57% and a return on equity of 17.32%. The company’s revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.24 EPS. On average, research analysts expect that Republic Services, Inc. will post 6.01 EPS for the current fiscal year.

Republic Services Announces Dividend

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

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on RSG. Citigroup increased their price objective on Republic Services from $190.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, February 29th. UBS Group cut shares of Republic Services from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $175.00 to $195.00 in a research note on Thursday, February 29th. BMO Capital Markets raised their target price on shares of Republic Services from $173.00 to $195.00 and gave the company a “market perform” rating in a research note on Wednesday, February 28th. Truist Financial upped their price target on shares of Republic Services from $175.00 to $192.00 and gave the stock a “hold” rating in a research note on Wednesday, February 28th. Finally, Scotiabank began coverage on Republic Services in a research report on Monday, April 8th. They issued a “sector perform” rating and a $211.00 target price for the company. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Republic Services presently has a consensus rating of “Moderate Buy” and an average price target of $199.77.

Insider Activity at Republic Services

In other news, CEO Ark Jon Vander sold 5,446 shares of the business’s stock in a transaction on 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 in the company, valued at approximately $15,669,303.30. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.09% of the stock is currently owned by insiders.

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.