Simplicity Wealth LLC Buys Shares of 5,248 Republic Services, Inc. (NYSE:RSG)

Simplicity Wealth LLC acquired a new stake in Republic Services, Inc. (NYSE:RSG - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 5,248 shares of the business services provider's stock, valued at approximately $1,005,000.

A number of other hedge funds have also made changes to their positions in the stock. Bogart Wealth LLC acquired a new position in Republic Services during the fourth quarter worth about $30,000. Turtle Creek Wealth Advisors LLC acquired a new stake in Republic Services during the fourth quarter valued at approximately $34,000. Jones Financial Companies Lllp grew its position in Republic Services by 3,014.3% in the fourth quarter. Jones Financial Companies Lllp now owns 218 shares of the business services provider's stock worth $36,000 after buying an additional 211 shares during the last quarter. BKM Wealth Management LLC bought a new position in shares of Republic Services in the fourth quarter valued at $37,000. Finally, Bruce G. Allen Investments LLC acquired a new stake in shares of Republic Services during the 4th quarter valued at $41,000. Institutional investors and hedge funds own 57.73% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have commented on RSG. Morgan Stanley cut shares of Republic Services from an "overweight" rating to an "equal weight" rating and set a $199.00 target price for the company. in a report on Friday, March 15th. UBS Group increased their price objective on Republic Services from $195.00 to $200.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 1st. Truist Financial lifted their target price on Republic Services from $175.00 to $192.00 and gave the company a "hold" rating in a research note on Wednesday, February 28th. Wells Fargo & Company raised their price target on shares of Republic Services from $180.00 to $188.00 and gave the stock an "overweight" rating in a report on Tuesday, February 6th. Finally, Oppenheimer increased their target price on shares of Republic Services from $202.00 to $204.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 1st. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $201.00.

Republic Services Stock Performance

NYSE RSG traded up $0.50 on Tuesday, hitting $186.48. 718,667 shares of the stock were exchanged, compared to its average volume of 1,214,825. The business's fifty day moving average is $188.78 and its 200 day moving average is $175.68. Republic Services, Inc. has a 52 week low of $140.07 and a 52 week high of $196.76. The company has a market capitalization of $58.73 billion, a PE ratio of 32.72, a P/E/G ratio of 3.03 and a beta of 0.67. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.53 and a quick ratio of 0.53.

Republic Services (NYSE:RSG - Get Free Report) last announced its earnings results on Tuesday, April 30th. The business services provider reported $1.45 EPS for the quarter, topping the consensus estimate of $1.35 by $0.10. The business had revenue of $3.86 billion during the quarter, compared to the consensus estimate of $3.89 billion. Republic Services had a net margin of 11.81% and a return on equity of 17.56%. Republic Services's revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.24 EPS. Research analysts anticipate that Republic Services, Inc. will post 6.05 EPS for the current fiscal year.

Republic Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Tuesday, July 2nd will be paid a $0.535 dividend. The ex-dividend date of this dividend is Tuesday, July 2nd. This represents a $2.14 dividend on an annualized basis and a yield of 1.15%. Republic Services's dividend payout ratio (DPR) is 37.54%.

Insider Buying and Selling at Republic Services

In other news, CEO Ark Jon Vander sold 5,446 shares of the business's stock in a transaction on 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 completion of the transaction, 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 available through this link. In other news, CEO Ark Jon Vander sold 5,446 shares of the business's 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 sale, 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 document filed with the SEC, which is accessible through the SEC website. Also, CMO Amanda Hodges sold 6,500 shares of the stock in a transaction on Monday, May 6th. The shares were sold at an average price of $186.02, for a total value of $1,209,130.00. Following the completion of the sale, the chief marketing officer now owns 6,831 shares of the company's stock, valued at $1,270,702.62. The disclosure for this sale can be found here. Company insiders own 0.09% of the company's stock.

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.

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