Bridgefront Capital LLC Buys New Shares in Republic Services, Inc. (NYSE:RSG)

Bridgefront Capital LLC bought a new position in shares of Republic Services, Inc. (NYSE:RSG - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 10,632 shares of the business services provider's stock, valued at approximately $2,139,000. Republic Services comprises approximately 0.7% of Bridgefront Capital LLC's holdings, making the stock its 6th largest position.

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

Republic Services Stock Down 0.3 %

RSG traded down $0.77 on Friday, hitting $248.56. The company had a trading volume of 794,226 shares, compared to its average volume of 1,096,805. The stock has a fifty day simple moving average of $240.12 and a 200-day simple moving average of $222.55. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.58 and a quick ratio of 0.64. The firm has a market capitalization of $77.67 billion, a P/E ratio of 38.30, a P/E/G ratio of 3.64 and a beta of 0.66. Republic Services, Inc. has a 52-week low of $180.92 and a 52-week high of $253.54.

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

Republic Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Wednesday, July 2nd will be paid a dividend of $0.58 per share. The ex-dividend date is Wednesday, July 2nd. This represents a $2.32 annualized dividend and a yield of 0.93%. Republic Services's dividend payout ratio is 34.99%.

Analyst Upgrades and Downgrades

RSG has been the subject of several research analyst reports. Truist Financial lifted their target price on shares of Republic Services from $250.00 to $270.00 and gave the stock a "buy" rating in a report on Tuesday, April 22nd. Jefferies Financial Group upped their target price on Republic Services from $235.00 to $244.00 and gave the company a "buy" rating in a research report on Thursday, January 23rd. Morgan Stanley lifted their price target on Republic Services from $230.00 to $245.00 and gave the stock an "equal weight" rating in a report on Friday, April 25th. William Blair reaffirmed an "outperform" rating on shares of Republic Services in a report on Friday, April 25th. Finally, Scotiabank lifted their target price on Republic Services from $233.00 to $250.00 and gave the stock a "sector perform" rating in a report on Tuesday, April 8th. Five equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $249.00.

Insider Transactions at Republic Services

In other Republic Services news, COO Gregg Brummer sold 6,293 shares of Republic Services stock in a transaction that occurred on Wednesday, February 19th. The shares were 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 owns 10,416 shares of the company's stock, valued at approximately $2,376,931.20. The trade was a 37.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.11% of the company's stock.

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.