Flputnam Investment Management Co. Raises Stock Holdings in Republic Services, Inc. (NYSE:RSG)

Flputnam Investment Management Co. boosted its position in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 4.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 176,298 shares of the business services provider's stock after acquiring an additional 6,730 shares during the quarter. Flputnam Investment Management Co. owned 0.06% of Republic Services worth $29,073,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in RSG. FinTrust Capital Advisors LLC increased its holdings in shares of Republic Services by 56.3% in the third 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 last quarter. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Republic Services in the fourth quarter valued at $34,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of Republic Services in the first quarter valued at $34,000. Millburn Ridgefield Corp acquired a new position in shares of Republic Services in the third quarter valued at $36,000. Finally, Catalyst Capital Advisors LLC acquired a new position in shares of Republic Services in the third quarter valued at about $36,000. 57.73% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. BMO Capital Markets upped their price target 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. Truist Financial upped their price target on shares of Republic Services from $175.00 to $192.00 and gave the company a "hold" rating in a research note on Wednesday, February 28th. Morgan Stanley cut shares of Republic Services from an "overweight" rating to an "equal weight" rating and set a $199.00 price objective for the company. in a research report on Friday, March 15th. Stifel Nicolaus upped their price objective on shares of Republic Services from $175.00 to $187.00 and gave the stock a "buy" rating in a research report on Tuesday, December 19th. Finally, Oppenheimer upped their price objective on shares of Republic Services from $182.00 to $195.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 28th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $198.15.

Insider Buying and Selling at Republic Services

In other Republic Services news, CEO Ark Jon Vander sold 5,446 shares of the stock in a transaction that occurred 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 sale, the chief executive officer now owns 85,113 shares of the company's stock, valued at approximately $15,669,303.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.09% of the company's stock.

Republic Services Trading Down 0.3 %

NYSE RSG traded down $0.55 during trading hours on Monday, reaching $187.27. The company's stock had a trading volume of 961,917 shares, compared to its average volume of 1,183,546. The firm has a fifty day simple moving average of $184.72 and a 200-day simple moving average of $167.88. The stock has a market cap of $58.99 billion, a P/E ratio of 34.24, a P/E/G ratio of 3.29 and a beta of 0.68. Republic Services, Inc. has a 52 week low of $135.33 and a 52 week high of $192.57. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.56 and a quick ratio of 0.56.

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

Republic Services Dividend Announcement

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

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.