78,800 Shares in Republic Services, Inc. (NYSE:RSG) Bought by OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Republic Services, Inc. (NYSE:RSG - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 78,800 shares of the business services provider's stock, valued at approximately $15,853,000. Republic Services makes up about 1.3% of OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC's holdings, making the stock its 20th biggest position.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in RSG. Arcadia Investment Management Corp MI raised its stake in Republic Services by 200.0% during the 4th quarter. Arcadia Investment Management Corp MI now owns 132 shares of the business services provider's stock worth $27,000 after buying an additional 88 shares during the period. R Squared Ltd acquired a new position in Republic Services during the fourth quarter worth approximately $32,000. New Age Alpha Advisors LLC raised its stake in Republic Services by 70.2% in the 4th quarter. New Age Alpha Advisors LLC now owns 177 shares of the business services provider's stock valued at $36,000 after acquiring an additional 73 shares during the period. Generali Asset Management SPA SGR bought a new position in Republic Services in the 4th quarter valued at about $45,000. Finally, Bank of Jackson Hole Trust bought a new stake in Republic Services in the 4th quarter valued at $48,000. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

RSG has been the topic of a number of recent analyst reports. Morgan Stanley lifted their price objective on shares of Republic Services from $230.00 to $245.00 and gave the company an "equal weight" rating in a research note on Friday, April 25th. William Blair reissued an "outperform" rating on shares of Republic Services in a research note on Friday, April 25th. CIBC raised Republic Services from a "neutral" rating to a "sector outperform" rating and set a $264.00 price objective for the company in a research report on Tuesday, March 4th. Truist Financial lifted their price target on shares of Republic Services from $250.00 to $270.00 and gave the company a "buy" rating in a research note on Tuesday, April 22nd. Finally, The Goldman Sachs Group upped their target price on shares of Republic Services from $239.00 to $265.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. Five investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Republic Services currently has a consensus rating of "Moderate Buy" and an average price target of $249.00.

Republic Services Price Performance

Shares of RSG opened at $241.38 on Tuesday. The company's fifty day moving average price is $240.23 and its 200-day moving average price is $223.12. The firm has a market capitalization of $75.43 billion, a PE ratio of 37.19, a price-to-earnings-growth ratio of 3.64 and a beta of 0.66. Republic Services, Inc. has a 1-year low of $180.92 and a 1-year high of $253.54. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.58 and a quick ratio of 0.64.

Republic Services (NYSE:RSG - Get Free Report) last announced its earnings results on Thursday, April 24th. The business services provider reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.05. The business had revenue of $4.01 billion during the quarter, compared to the consensus estimate of $4.08 billion. Republic Services had a return on equity of 18.28% and a net margin of 12.74%. The business's quarterly revenue was up 3.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.45 EPS. On average, equities research analysts predict that Republic Services, Inc. will post 6.86 EPS for the current year.

Republic Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Wednesday, July 2nd will be issued a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date of this dividend is Wednesday, July 2nd. Republic Services's dividend payout ratio (DPR) is 34.99%.

Insider Buying and Selling

In other news, COO Gregg Brummer sold 6,293 shares of the firm's stock in a transaction that occurred 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 of the company's stock, valued at $2,376,931.20. This trade represents a 37.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.11% of the stock is owned by company insiders.

Republic Services Company 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.

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