Ycg LLC Has $33.42 Million Stake in Republic Services, Inc. (NYSE:RSG)

YCG LLC grew its holdings in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 11.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 202,677 shares of the business services provider's stock after purchasing an additional 21,234 shares during the period. Republic Services makes up 2.8% of YCG LLC's portfolio, making the stock its 17th biggest holding. YCG LLC owned 0.06% of Republic Services worth $33,423,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. FinTrust Capital Advisors LLC boosted its position in shares of Republic Services by 56.3% in the 3rd quarter. FinTrust Capital Advisors LLC now owns 197 shares of the business services provider's stock valued at $28,000 after purchasing an additional 71 shares during the period. Turtle Creek Wealth Advisors LLC purchased a new position in shares of Republic Services in the fourth quarter worth approximately $34,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Republic Services during the first quarter valued at approximately $34,000. Millburn Ridgefield Corp purchased a new stake in shares of Republic Services in the 3rd quarter valued at approximately $36,000. Finally, Catalyst Capital Advisors LLC acquired a new position in Republic Services in the 3rd quarter worth approximately $36,000. Institutional investors and hedge funds own 57.73% of the company's stock.

Insiders Place Their Bets

In related news, CEO Ark Jon Vander sold 5,446 shares of the company's stock in a transaction on Monday, March 4th. The shares were sold at an average price of $184.10, for a total transaction of $1,002,608.60. Following the completion of the transaction, 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 SEC, which is available through the SEC website. Company insiders own 0.09% of the company's stock.

Analysts Set New Price Targets

RSG has been the subject of a number of research analyst reports. Royal Bank of Canada initiated coverage on Republic Services in a report on Monday. They issued a "sector perform" rating and a $198.00 target price for the company. The Goldman Sachs Group lifted their target price on Republic Services from $182.00 to $209.00 and gave the company a "buy" rating in a research note on Wednesday, February 28th. Truist Financial raised their price target on shares of Republic Services from $175.00 to $192.00 and gave the stock a "hold" rating in a report on Wednesday, February 28th. Stifel Nicolaus upped their price objective on shares of Republic Services from $175.00 to $187.00 and gave the company a "buy" rating in a research note on Tuesday, December 19th. Finally, BMO Capital Markets lifted their target price on shares of Republic Services from $173.00 to $195.00 and gave the company a "market perform" rating in a research note on Wednesday, February 28th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $198.15.

Republic Services Stock Performance

RSG stock traded down $1.36 during midday trading on Friday, hitting $187.82. 957,118 shares of the company traded hands, compared to its average volume of 1,186,031. The business has a 50 day simple moving average of $184.16 and a 200-day simple moving average of $166.98. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 1.13. Republic Services, Inc. has a twelve month low of $135.33 and a twelve month high of $192.57. The stock has a market capitalization of $59.16 billion, a price-to-earnings ratio of 34.59, a price-to-earnings-growth ratio of 3.32 and a beta of 0.68.

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

Republic Services Dividend Announcement

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

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.