Alpine Woods Capital Investors LLC Acquires Shares of 10,425 Republic Services, Inc. (NYSE:RSG)

Alpine Woods Capital Investors LLC bought a new position in Republic Services, Inc. (NYSE:RSG - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 10,425 shares of the business services provider's stock, valued at approximately $1,719,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in RSG. D.A. Davidson & CO. purchased a new stake in Republic Services in the first quarter worth $203,000. Synovus Financial Corp lifted its stake in Republic Services by 1.9% in the first quarter. Synovus Financial Corp now owns 14,255 shares of the business services provider's stock worth $1,890,000 after acquiring an additional 260 shares during the period. Vontobel Holding Ltd. lifted its stake in Republic Services by 34.6% in the first quarter. Vontobel Holding Ltd. now owns 3,885 shares of the business services provider's stock worth $523,000 after acquiring an additional 998 shares during the period. Blair William & Co. IL lifted its stake in Republic Services by 1.6% in the first quarter. Blair William & Co. IL now owns 31,162 shares of the business services provider's stock worth $4,129,000 after acquiring an additional 495 shares during the period. Finally, Moors & Cabot Inc. lifted its stake in Republic Services by 2.9% in the first quarter. Moors & Cabot Inc. now owns 6,726 shares of the business services provider's stock worth $891,000 after acquiring an additional 187 shares during the period. Institutional investors own 57.73% of the company's stock.

Analysts Set New Price Targets

RSG has been the subject of a number of research analyst reports. UBS Group lowered Republic Services from a "buy" rating to a "neutral" rating and raised their price target for the stock from $175.00 to $195.00 in a research note on Thursday, February 29th. Wells Fargo & Company raised their price objective on Republic Services from $180.00 to $188.00 and gave the company an "overweight" rating in a research report on Tuesday, February 6th. Jefferies Financial Group raised their price objective on Republic Services from $213.00 to $225.00 and gave the company a "buy" rating in a research report on Monday, March 18th. Truist Financial raised their price objective on Republic Services from $175.00 to $192.00 and gave the company a "hold" rating in a research report on Wednesday, February 28th. Finally, Stifel Nicolaus raised their price objective on Republic Services from $175.00 to $187.00 and gave the company a "buy" rating in a research report on Tuesday, December 19th. Six investment analysts have rated the stock with a hold rating and eight have issued a 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 $197.17.

Insider Buying and Selling

In related news, CEO Ark Jon Vander sold 5,446 shares of Republic Services stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $184.10, for a total value of $1,002,608.60. Following the completion of the sale, the chief executive officer now directly owns 85,113 shares in the company, valued at approximately $15,669,303.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.09% of the stock is owned by corporate insiders.

Republic Services Stock Up 0.9 %

Shares of RSG traded up $1.62 during trading hours on Friday, hitting $188.40. The company had a trading volume of 712,098 shares, compared to its average volume of 1,138,404. The firm has a fifty day moving average price of $182.82 and a 200-day moving average price of $165.85. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.56 and a current ratio of 0.56. The stock has a market capitalization of $59.27 billion, a price-to-earnings ratio of 34.44, a P/E/G ratio of 3.27 and a beta of 0.68. Republic Services, Inc. has a 52-week low of $133.81 and a 52-week high of $192.57.

Republic Services (NYSE:RSG - Get Free Report) last posted its quarterly earnings results on Tuesday, February 27th. The business services provider reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.13. Republic Services had a return on equity of 17.32% and a net margin of 11.57%. The firm had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.73 billion. During the same quarter in the previous year, the firm earned $1.13 EPS. Republic Services's quarterly revenue was up 8.6% compared to the same quarter last year. On average, equities research analysts forecast that Republic Services, Inc. will post 6 EPS for the current fiscal year.

Republic Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Tuesday, April 2nd will be issued a $0.535 dividend. The ex-dividend date is Monday, April 1st. This represents a $2.14 annualized dividend and a yield of 1.14%. Republic Services's payout ratio is 39.12%.

About Republic Services

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.