Allianz Asset Management GmbH cut its holdings in Republic Services, Inc. (NYSE:RSG - Free Report) by 2.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 555,675 shares of the business services provider's stock after selling 15,696 shares during the period. Allianz Asset Management GmbH owned about 0.18% of Republic Services worth $111,791,000 at the end of the most recent quarter.
Several other large investors have also added to or reduced their stakes in the business. FSA Wealth Management LLC acquired a new stake in shares of Republic Services in the third quarter valued at about $25,000. R Squared Ltd acquired a new stake in shares of Republic Services in the fourth quarter valued at about $32,000. Truvestments Capital LLC acquired a new stake in shares of Republic Services in the third quarter valued at about $34,000. Ashton Thomas Securities LLC acquired a new stake in shares of Republic Services in the third quarter valued at about $39,000. Finally, Bank of Jackson Hole Trust acquired a new stake in shares of Republic Services in the fourth quarter valued at about $48,000. Institutional investors and hedge funds own 57.73% of the company's stock.
A number of brokerages have weighed in on RSG. William Blair reissued an "outperform" rating on shares of Republic Services in a research report on Friday, February 14th. Argus set a $260.00 price target on Republic Services in a research report on Tuesday. Truist Financial reissued a "buy" rating and set a $250.00 price target (up previously from $244.00) on shares of Republic Services in a research report on Friday, February 14th. Royal Bank of Canada raised Republic Services from a "sector perform" rating to an "outperform" rating and boosted their price target for the stock from $219.00 to $237.00 in a research report on Monday, January 6th. Finally, UBS Group upped their target price on Republic Services from $212.00 to $240.00 and gave the company a "neutral" rating in a research report on Wednesday. Six investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $233.41.
View Our Latest Report on Republic Services
In related news, COO Gregg Brummer sold 6,293 shares of the stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $228.20, for a total value of $1,436,062.60. Following the completion of the sale, the chief operating officer now directly owns 10,416 shares in the company, valued at $2,376,931.20. This represents a 37.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Katharine Weymouth sold 1,859 shares of the stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $215.27, for a total value of $400,186.93. Following the completion of the sale, the director now owns 879 shares of the company's stock, valued at $189,222.33. The trade was a 67.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.09% of the stock is owned by corporate insiders.
NYSE RSG traded down $0.13 on Friday, hitting $230.73. 1,231,741 shares of the company's stock were exchanged, compared to its average volume of 955,120. The stock has a 50-day moving average of $212.87 and a 200-day moving average of $208.51. The company has a current ratio of 0.58, a quick ratio of 0.64 and a debt-to-equity ratio of 1.04. Republic Services, Inc. has a 52 week low of $180.91 and a 52 week high of $232.52. The stock has a market cap of $72.05 billion, a price-to-earnings ratio of 35.55, a P/E/G ratio of 3.64 and a beta of 0.74.
Republic Services (NYSE:RSG - Get Free Report) last released its earnings results on Thursday, February 13th. The business services provider reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.21. Republic Services had a return on equity of 18.28% and a net margin of 12.74%. The firm had revenue of $4.05 billion during the quarter, compared to analysts' expectations of $4.08 billion. During the same period in the prior year, the company earned $1.41 earnings per share. Analysts expect that Republic Services, Inc. will post 6.86 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Wednesday, April 2nd will be paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date of this dividend is Wednesday, April 2nd. Republic Services's payout ratio is 35.75%.
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.
Before you consider Republic Services, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Republic Services wasn't on the list.
While Republic Services currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.