Dakota Wealth Management Acquires 15,537 Shares of Republic Services, Inc. (NYSE:RSG)

Dakota Wealth Management boosted its position in shares of Republic Services, Inc. (NYSE:RSGFree Report) by 281.2% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 21,062 shares of the business services provider’s stock after buying an additional 15,537 shares during the quarter. Dakota Wealth Management’s holdings in Republic Services were worth $4,032,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Allworth Financial LP grew its position in shares of Republic Services by 42.4% in the 3rd quarter. Allworth Financial LP now owns 517 shares of the business services provider’s stock worth $74,000 after buying an additional 154 shares during the period. New Mexico Educational Retirement Board grew its position in shares of Republic Services by 7.0% in the 3rd quarter. New Mexico Educational Retirement Board now owns 10,695 shares of the business services provider’s stock worth $1,524,000 after buying an additional 700 shares during the period. Csenge Advisory Group purchased a new stake in shares of Republic Services in the 3rd quarter worth about $709,000. Empirical Finance LLC grew its position in shares of Republic Services by 9.8% in the 3rd quarter. Empirical Finance LLC now owns 7,175 shares of the business services provider’s stock worth $1,023,000 after buying an additional 643 shares during the period. Finally, Millburn Ridgefield Corp purchased a new stake in shares of Republic Services in the 3rd quarter worth about $36,000. 57.73% of the stock is currently owned by institutional investors.

Republic Services Stock Performance

Shares of NYSE:RSG traded down $2.17 during trading on Monday, hitting $185.99. The company’s stock had a trading volume of 908,490 shares, compared to its average volume of 1,219,941. The company has a 50-day moving average of $188.76 and a 200-day moving average of $175.45. Republic Services, Inc. has a 12 month low of $140.07 and a 12 month high of $196.76. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.53 and a quick ratio of 0.53. The firm has a market cap of $58.57 billion, a price-to-earnings ratio of 32.63, a P/E/G ratio of 3.03 and a beta of 0.67.

Republic Services (NYSE:RSGGet Free Report) last issued its quarterly earnings data on Tuesday, April 30th. The business services provider reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.10. Republic Services had a net margin of 11.81% and a return on equity of 17.56%. The firm had revenue of $3.86 billion for the quarter, compared to analysts’ expectations of $3.89 billion. During the same quarter in the prior year, the business earned $1.24 EPS. The business’s quarterly revenue was up 7.8% on a year-over-year basis. On average, sell-side analysts expect that Republic Services, Inc. will post 6.05 earnings per share for the current year.

Republic Services Announces Dividend

The firm 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. This represents a $2.14 annualized dividend and a dividend yield of 1.15%. The ex-dividend date of this dividend is Tuesday, July 2nd. Republic Services’s dividend payout ratio (DPR) is presently 37.54%.

Insider Transactions at Republic Services

In other Republic Services news, CEO Ark Jon Vander sold 5,446 shares of the firm’s stock in a transaction that occurred 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 sale, the chief executive officer now owns 85,113 shares in the company, valued at approximately $15,669,303.30. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Republic Services news, CMO Amanda Hodges sold 6,500 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $186.02, for a total transaction of $1,209,130.00. Following the sale, the chief marketing officer now owns 6,831 shares in the company, valued at approximately $1,270,702.62. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Ark Jon Vander sold 5,446 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $184.10, for a total transaction of $1,002,608.60. Following the sale, the chief executive officer now owns 85,113 shares in the company, valued at approximately $15,669,303.30. The disclosure for this sale can be found here. Company insiders own 0.09% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on RSG. Jefferies Financial Group increased their price objective on shares of Republic Services from $213.00 to $225.00 and gave the company a “buy” rating in a research report on Monday, March 18th. Citigroup increased their price objective on shares of Republic Services from $190.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, February 29th. Truist Financial increased their price objective on shares of Republic Services from $175.00 to $192.00 and gave the company a “hold” rating in a research report on Wednesday, February 28th. BMO Capital Markets increased their price objective on shares of Republic Services from $173.00 to $195.00 and gave the company a “market perform” rating in a research report on Wednesday, February 28th. Finally, Morgan Stanley downgraded shares of Republic Services from an “overweight” rating to an “equal weight” rating and set a $199.00 price objective on the stock. in a research report on Friday, March 15th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $201.00.

Check Out Our Latest Stock Report on RSG

Republic Services Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Republic Services (NYSE:RSG)

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