Gotham Asset Management LLC Acquires 11,503 Shares of Republic Services, Inc. (NYSE:RSG)

Gotham Asset Management LLC grew its position in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 16.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 80,929 shares of the business services provider's stock after purchasing an additional 11,503 shares during the period. Gotham Asset Management LLC's holdings in Republic Services were worth $16,281,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in RSG. Barclays PLC raised its holdings in shares of Republic Services by 11.0% during the 3rd quarter. Barclays PLC now owns 675,163 shares of the business services provider's stock valued at $135,598,000 after buying an additional 66,842 shares in the last quarter. Diversified Trust Co grew its stake in shares of Republic Services by 12.1% during the fourth quarter. Diversified Trust Co now owns 1,537 shares of the business services provider's stock valued at $309,000 after buying an additional 166 shares during the last quarter. Graypoint LLC lifted its stake in shares of Republic Services by 4.7% in the 4th quarter. Graypoint LLC now owns 1,525 shares of the business services provider's stock valued at $307,000 after acquiring an additional 68 shares during the last quarter. Czech National Bank grew its position in Republic Services by 6.1% during the 4th quarter. Czech National Bank now owns 44,134 shares of the business services provider's stock worth $8,879,000 after acquiring an additional 2,548 shares during the last quarter. Finally, Fiduciary Alliance LLC grew its holdings in shares of Republic Services by 0.8% in the fourth quarter. Fiduciary Alliance LLC now owns 41,547 shares of the business services provider's stock worth $8,358,000 after purchasing an additional 318 shares during the last quarter. Institutional investors own 57.73% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Raymond James reaffirmed an "outperform" rating on shares of Republic Services in a research report on Wednesday, April 16th. Truist Financial raised their price target on Republic Services from $250.00 to $270.00 and gave the stock a "buy" rating in a research note on Tuesday, April 22nd. Robert W. Baird boosted their price objective on shares of Republic Services from $232.00 to $245.00 and gave the company a "neutral" rating in a research report on Friday, April 25th. CIBC raised shares of Republic Services from a "neutral" rating to a "sector outperform" rating and set a $264.00 target price for the company in a research report on Tuesday, March 4th. Finally, UBS Group increased their price target on shares of Republic Services from $240.00 to $250.00 and gave the stock a "neutral" rating in a research note on Friday, April 11th. Five research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $249.00.

Republic Services Price Performance

Shares of Republic Services stock traded down $2.91 during trading on Tuesday, reaching $238.55. The company's stock had a trading volume of 2,874,770 shares, compared to its average volume of 1,109,353. Republic Services, Inc. has a one year low of $180.92 and a one year high of $253.54. The stock has a 50-day moving average price of $240.38 and a two-hundred day moving average price of $223.22. The company has a current ratio of 0.58, a quick ratio of 0.64 and a debt-to-equity ratio of 1.04. The stock has a market capitalization of $74.55 billion, a P/E ratio of 36.76, a price-to-earnings-growth ratio of 3.64 and a beta of 0.66.

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, beating the consensus estimate of $1.53 by $0.05. Republic Services had a net margin of 12.74% and a return on equity of 18.28%. The business had revenue of $4.01 billion for the quarter, compared to analyst estimates of $4.08 billion. During the same period in the prior year, the business posted $1.45 earnings per share. Republic Services's revenue was up 3.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.

Republic Services Dividend Announcement

The business also recently disclosed 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. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $2.32 annualized dividend and a yield of 0.97%. Republic Services's dividend payout ratio (DPR) is presently 34.99%.

Insider Activity at Republic Services

In other Republic Services news, COO Gregg Brummer sold 6,293 shares of the firm's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $228.20, for a total transaction of $1,436,062.60. Following the transaction, the chief operating officer now owns 10,416 shares in the company, valued at $2,376,931.20. This trade represents a 37.66% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.11% of the stock is currently owned by corporate 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.