Republic Services, Inc. (NYSE:RSG) Shares Sold by Schechter Investment Advisors LLC

Schechter Investment Advisors LLC decreased its position in shares of Republic Services, Inc. (NYSE:RSGFree Report) by 25.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,082 shares of the business services provider’s stock after selling 709 shares during the quarter. Schechter Investment Advisors LLC’s holdings in Republic Services were worth $343,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of RSG. FinTrust Capital Advisors LLC lifted its holdings in Republic Services by 56.3% in the third quarter. FinTrust Capital Advisors LLC now owns 197 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 71 shares during the period. BKM Wealth Management LLC purchased a new stake in shares of Republic Services in the fourth quarter valued at approximately $37,000. Bruce G. Allen Investments LLC purchased a new stake in shares of Republic Services in the fourth quarter valued at approximately $41,000. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Republic Services in the first quarter valued at approximately $34,000. Finally, Millburn Ridgefield Corp purchased a new stake in shares of Republic Services in the third quarter valued at approximately $36,000. Institutional investors and hedge funds own 57.73% of the company’s stock.

Insider Buying and Selling

In related news, CEO Ark Jon Vander sold 5,446 shares of the stock in a transaction dated 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 transaction, the chief executive officer now owns 85,113 shares of the company’s stock, valued at approximately $15,669,303.30. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.09% of the stock is owned by corporate insiders.

Republic Services Stock Performance

Shares of Republic Services stock opened at $191.44 on Friday. Republic Services, Inc. has a 52 week low of $131.50 and a 52 week high of $192.57. The business’s fifty day simple moving average is $180.49 and its 200-day simple moving average is $164.19. The firm has a market cap of $60.23 billion, a PE ratio of 35.00, a price-to-earnings-growth ratio of 3.35 and a beta of 0.67. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 1.13.

Republic Services (NYSE:RSGGet Free Report) last announced its quarterly earnings results on Tuesday, February 27th. The business services provider reported $1.41 EPS for the quarter, beating the consensus estimate of $1.28 by $0.13. Republic Services had a return on equity of 17.32% and a net margin of 11.57%. The business had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.73 billion. During the same quarter in the prior year, the company posted $1.13 EPS. The company’s quarterly revenue was up 8.6% on a year-over-year basis. Equities analysts forecast that Republic Services, Inc. will post 6 earnings per share for the current year.

Republic Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Tuesday, April 2nd will be paid a dividend of $0.535 per share. This represents a $2.14 annualized dividend and a yield of 1.12%. The ex-dividend date of this dividend is Monday, April 1st. Republic Services’s payout ratio is 39.12%.

Analysts Set New Price Targets

RSG has been the subject of a number of recent analyst reports. Jefferies Financial Group boosted their price objective on Republic Services from $213.00 to $225.00 and gave the company a “buy” rating in a research report on Monday, March 18th. Wells Fargo & Company boosted their price objective on Republic Services from $180.00 to $188.00 and gave the company an “overweight” rating in a research report on Tuesday, February 6th. Stifel Nicolaus boosted their price target on Republic Services from $175.00 to $187.00 and gave the stock a “buy” rating in a research report on Tuesday, December 19th. Truist Financial boosted their price target on Republic Services from $175.00 to $192.00 and gave the stock a “hold” rating in a research report on Wednesday, February 28th. Finally, Oppenheimer boosted their price target on Republic Services from $182.00 to $195.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 28th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $193.54.

Check Out Our Latest Analysis on RSG

About Republic Services

(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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