Republic Services, Inc. (NYSE:RSG) Shares Sold by Squarepoint Ops LLC

Squarepoint Ops LLC lowered its position in Republic Services, Inc. (NYSE:RSG - Free Report) by 74.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 36,333 shares of the business services provider's stock after selling 105,600 shares during the quarter. Squarepoint Ops LLC's holdings in Republic Services were worth $7,309,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Arcadia Investment Management Corp MI grew its stake in Republic Services by 200.0% in the fourth quarter. Arcadia Investment Management Corp MI now owns 132 shares of the business services provider's stock worth $27,000 after purchasing an additional 88 shares in the last quarter. R Squared Ltd purchased a new stake in Republic Services during the fourth quarter worth $32,000. New Age Alpha Advisors LLC lifted its holdings in Republic Services by 70.2% during the fourth quarter. New Age Alpha Advisors LLC now owns 177 shares of the business services provider's stock worth $36,000 after buying an additional 73 shares during the period. Generali Asset Management SPA SGR purchased a new stake in Republic Services during the fourth quarter worth $45,000. Finally, Bank of Jackson Hole Trust purchased a new stake in Republic Services during the fourth quarter worth $48,000. Institutional investors own 57.73% of the company's stock.

Analyst Ratings Changes

RSG has been the subject of a number of analyst reports. UBS Group upped their target price on Republic Services from $240.00 to $250.00 and gave the stock a "neutral" rating in a report on Friday, April 11th. Cibc World Mkts upgraded Republic Services from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 4th. JPMorgan Chase & Co. upped their target price on Republic Services from $229.00 to $275.00 and gave the stock a "neutral" rating in a report on Friday, May 23rd. Truist Financial upped their target price on Republic Services from $250.00 to $270.00 and gave the stock a "buy" rating in a report on Tuesday, April 22nd. Finally, Seaport Res Ptn upgraded Republic Services to a "strong-buy" rating in a report on Tuesday, May 6th. Eight equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $250.44.

Republic Services Stock Performance

RSG stock traded up $1.99 during midday trading on Friday, reaching $256.43. The stock had a trading volume of 232,234 shares, compared to its average volume of 1,128,957. The stock has a market cap of $80.13 billion, a PE ratio of 39.51, a P/E/G ratio of 3.64 and a beta of 0.66. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.64 and a current ratio of 0.58. The firm has a fifty day simple moving average of $244.48 and a two-hundred day simple moving average of $226.95. Republic Services, Inc. has a 52-week low of $180.92 and a 52-week high of $256.47.

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

Republic Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Wednesday, July 2nd will be given a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 0.90%. The ex-dividend date of this dividend is Wednesday, July 2nd. Republic Services's dividend payout ratio is currently 34.99%.

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.