Guyasuta Investment Advisors Inc. Has $58.46 Million Stock Holdings in Republic Services, Inc. (NYSE:RSG)

Guyasuta Investment Advisors Inc. reduced its holdings in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 1.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 354,490 shares of the business services provider's stock after selling 5,319 shares during the period. Republic Services comprises about 4.2% of Guyasuta Investment Advisors Inc.'s investment portfolio, making the stock its 3rd biggest position. Guyasuta Investment Advisors Inc. owned 0.11% of Republic Services worth $58,459,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. PGGM Investments raised its stake in Republic Services by 35.7% during the fourth quarter. PGGM Investments now owns 3,829 shares of the business services provider's stock worth $631,000 after acquiring an additional 1,008 shares in the last quarter. Headlands Technologies LLC acquired a new stake in shares of Republic Services during the 4th quarter worth about $376,000. Mountain Pacific Investment Advisers Inc. ID bought a new position in Republic Services during the 4th quarter valued at about $217,000. New Jersey Better Educational Savings Trust bought a new stake in Republic Services during the fourth quarter worth about $231,000. Finally, Syon Capital LLC increased its holdings in shares of Republic Services by 7.2% during the fourth quarter. Syon Capital LLC now owns 2,367 shares of the business services provider's stock worth $390,000 after buying an additional 158 shares in the last quarter. Institutional investors and hedge funds own 57.73% of the company's stock.

Republic Services Trading Up 0.8 %

Shares of NYSE:RSG traded up $1.49 during midday trading on Monday, hitting $193.41. The company had a trading volume of 1,139,438 shares, compared to its average volume of 1,213,075. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 1.13. Republic Services, Inc. has a 12 month low of $140.07 and a 12 month high of $193.82. The firm has a fifty day simple moving average of $187.62 and a 200 day simple moving average of $171.16. The stock has a market cap of $60.92 billion, a price-to-earnings ratio of 35.36, a PEG ratio of 3.36 and a beta of 0.68.

Republic Services (NYSE:RSG - Get Free Report) last issued its earnings results on Tuesday, February 27th. The business services provider reported $1.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.28 by $0.13. The firm had revenue of $3.83 billion for the quarter, compared to analysts' expectations of $3.73 billion. Republic Services had a return on equity of 17.32% and a net margin of 11.57%. The company's revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the business earned $1.13 earnings per share. On average, analysts predict that Republic Services, Inc. will post 6.01 EPS for the current year.

Republic Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Tuesday, July 2nd will be given a dividend of $0.535 per share. The ex-dividend date of this dividend is Tuesday, July 2nd. This represents a $2.14 dividend on an annualized basis and a dividend yield of 1.11%. Republic Services's dividend payout ratio is 39.12%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on RSG. UBS Group lowered Republic Services from a "buy" rating to a "neutral" rating and increased their price target for the stock from $175.00 to $195.00 in a research report on Thursday, February 29th. BMO Capital Markets lifted their price target on Republic Services from $173.00 to $195.00 and gave the company a "market perform" rating in a report on Wednesday, February 28th. Jefferies Financial Group increased their price objective on shares of Republic Services from $213.00 to $225.00 and gave the stock a "buy" rating in a report on Monday, March 18th. The Goldman Sachs Group boosted their target price on shares of Republic Services from $209.00 to $230.00 and gave the stock a "buy" rating in a research note on Tuesday, April 16th. Finally, Truist Financial raised their price target on shares of Republic Services from $175.00 to $192.00 and gave the company a "hold" rating in a report 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. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $199.77.

Insider Activity

In other Republic Services 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 transaction of $1,002,608.60. Following the transaction, the chief executive officer now directly owns 85,113 shares in the company, valued at $15,669,303.30. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.09% of the stock is owned by company insiders.

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.