Schonfeld Strategic Advisors LLC Purchases 136,608 Shares of Republic Services, Inc. (NYSE:RSG)

Schonfeld Strategic Advisors LLC increased its position in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 347.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 175,973 shares of the business services provider's stock after acquiring an additional 136,608 shares during the period. Schonfeld Strategic Advisors LLC owned approximately 0.06% of Republic Services worth $35,402,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Barclays PLC raised its holdings in Republic Services by 11.0% during the 3rd quarter. Barclays PLC now owns 675,163 shares of the business services provider's stock worth $135,598,000 after buying an additional 66,842 shares during the period. Virtu Financial LLC lifted its stake in shares of Republic Services by 36.2% in the 3rd quarter. Virtu Financial LLC now owns 11,944 shares of the business services provider's stock valued at $2,399,000 after purchasing an additional 3,172 shares during the last quarter. Anchor Investment Management LLC boosted its stake in shares of Republic Services by 3.2% during the 3rd quarter. Anchor Investment Management LLC now owns 38,501 shares of the business services provider's stock worth $7,732,000 after acquiring an additional 1,204 shares in the last quarter. World Investment Advisors LLC boosted its position in Republic Services by 25.8% during the third quarter. World Investment Advisors LLC now owns 3,055 shares of the business services provider's stock worth $613,000 after purchasing an additional 626 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new position in Republic Services in the 3rd quarter valued at $1,065,000. 57.73% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on RSG. William Blair reaffirmed an "outperform" rating on shares of Republic Services in a research report on Friday, April 25th. BMO Capital Markets lifted their price target on shares of Republic Services from $260.00 to $268.00 and gave the company an "outperform" rating in a report on Friday, April 25th. Truist Financial boosted their price objective on Republic Services from $250.00 to $270.00 and gave the stock a "buy" rating in a research note on Tuesday, April 22nd. CIBC raised shares of Republic Services from a "neutral" rating to a "sector outperform" rating and set a $264.00 price target on the stock in a research note on Tuesday, March 4th. Finally, Morgan Stanley upped their target price on shares of Republic Services from $230.00 to $245.00 and gave the company an "equal weight" rating in a research report on Friday, April 25th. Five analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $249.00.

Republic Services Stock Up 0.4 %

Shares of Republic Services stock traded up $1.01 on Friday, hitting $250.42. The company had a trading volume of 894,106 shares, compared to its average volume of 1,101,082. Republic Services, Inc. has a twelve month low of $180.92 and a twelve month high of $252.32. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.58 and a quick ratio of 0.64. The stock has a 50-day moving average of $238.28 and a 200-day moving average of $220.68. The firm has a market capitalization of $78.26 billion, a P/E ratio of 38.59, a P/E/G ratio of 3.64 and a beta of 0.62.

Republic Services (NYSE:RSG - Get Free Report) last released its earnings results on Thursday, April 24th. The business services provider reported $1.58 EPS for the quarter, beating the consensus estimate of $1.53 by $0.05. The firm had revenue of $4.01 billion for the quarter, compared to analysts' expectations of $4.08 billion. Republic Services had a return on equity of 18.28% and a net margin of 12.74%. The business's quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.45 EPS. Research analysts predict that Republic Services, Inc. will post 6.86 earnings per share for the current year.

Republic Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Wednesday, July 2nd will be issued a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 0.93%. The ex-dividend date is Wednesday, July 2nd. Republic Services's payout ratio is presently 34.99%.

Insider Activity

In related news, COO Gregg Brummer sold 6,293 shares of the business's stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $228.20, for a total transaction of $1,436,062.60. Following the transaction, the chief operating officer now directly owns 10,416 shares of the company's stock, valued at approximately $2,376,931.20. The trade was a 37.66 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.11% 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.