Twinbeech Capital LP Lowers Position in Republic Services, Inc. (NYSE:RSG)

Twinbeech Capital LP lowered its position in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 27.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 25,432 shares of the business services provider's stock after selling 9,849 shares during the period. Twinbeech Capital LP's holdings in Republic Services were worth $5,116,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of RSG. Barclays PLC grew its position in Republic Services by 11.0% during the 3rd quarter. Barclays PLC now owns 675,163 shares of the business services provider's stock worth $135,598,000 after acquiring an additional 66,842 shares during the last quarter. Merit Financial Group LLC bought a new stake in Republic Services during the 4th quarter worth $546,000. UMB Bank n.a. grew its position in Republic Services by 15.2% during the 4th quarter. UMB Bank n.a. now owns 1,897 shares of the business services provider's stock worth $382,000 after acquiring an additional 251 shares during the last quarter. Ballentine Partners LLC grew its position in Republic Services by 1.4% during the 4th quarter. Ballentine Partners LLC now owns 7,687 shares of the business services provider's stock worth $1,546,000 after acquiring an additional 105 shares during the last quarter. Finally, Perpetual Ltd grew its position in shares of Republic Services by 8.4% in the 4th quarter. Perpetual Ltd now owns 66,299 shares of the business services provider's stock valued at $13,338,000 after buying an additional 5,111 shares during the last quarter. Institutional investors own 57.73% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Truist Financial upped their price target on Republic Services from $250.00 to $270.00 and gave the company a "buy" rating in a research report on Tuesday, April 22nd. Argus set a $260.00 price target on Republic Services in a research report on Tuesday, February 18th. Seaport Res Ptn upgraded Republic Services to a "strong-buy" rating in a research report on Tuesday, May 6th. JPMorgan Chase & Co. upped their price target on Republic Services from $229.00 to $275.00 and gave the company a "neutral" rating in a research report on Friday. Finally, BMO Capital Markets upped their price target on Republic Services from $260.00 to $268.00 and gave the company an "outperform" rating in a research report on Friday, April 25th. Seven 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. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $250.44.

Republic Services Trading Up 0.7%

Shares of NYSE:RSG traded up $1.79 during midday trading on Friday, reaching $252.79. The company's stock had a trading volume of 1,074,391 shares, compared to its average volume of 1,127,159. The firm has a 50 day moving average price of $242.93 and a two-hundred day moving average price of $225.72. Republic Services, Inc. has a fifty-two week low of $180.92 and a fifty-two week high of $253.76. 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 market capitalization of $79.00 billion, a price-to-earnings ratio of 38.95, a PEG ratio of 3.64 and a beta of 0.66.

Republic Services (NYSE:RSG - Get Free Report) last posted its quarterly earnings results 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. Republic Services had a return on equity of 18.28% and a net margin of 12.74%. The business had revenue of $4.01 billion for the quarter, compared to the consensus estimate of $4.08 billion. During the same period in the prior year, the business earned $1.45 EPS. The firm's revenue for the quarter was up 3.8% on a year-over-year basis. As a group, analysts forecast that Republic Services, Inc. will post 6.86 earnings per share for the current year.

Republic Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Wednesday, July 2nd will be paid a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date is Wednesday, July 2nd. Republic Services's dividend payout ratio (DPR) is currently 34.99%.

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.