Susquehanna Fundamental Investments LLC Buys New Position in Republic Services, Inc. (NYSE:RSG)

Susquehanna Fundamental Investments LLC purchased a new position in shares of Republic Services, Inc. (NYSE:RSG - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 39,354 shares of the business services provider's stock, valued at approximately $7,917,000.

A number of other large investors also recently added to or reduced their stakes in the stock. Virtus ETF Advisers LLC acquired a new stake in shares of Republic Services in the fourth quarter worth approximately $1,154,000. Coldstream Capital Management Inc. boosted its stake in Republic Services by 54.2% during the 4th quarter. Coldstream Capital Management Inc. now owns 5,119 shares of the business services provider's stock worth $1,030,000 after purchasing an additional 1,799 shares during the last quarter. Two Sigma Securities LLC grew its holdings in shares of Republic Services by 17.6% during the fourth quarter. Two Sigma Securities LLC now owns 5,005 shares of the business services provider's stock worth $1,007,000 after buying an additional 750 shares in the last quarter. Integrated Wealth Concepts LLC lifted its stake in shares of Republic Services by 11.7% in the fourth quarter. Integrated Wealth Concepts LLC now owns 5,439 shares of the business services provider's stock worth $1,094,000 after buying an additional 569 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. boosted its position in Republic Services by 3.9% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 20,485 shares of the business services provider's stock worth $4,121,000 after acquiring an additional 769 shares during the last quarter. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Republic Services Stock Down 0.5 %

Republic Services stock traded down $1.29 during mid-day trading on Thursday, reaching $249.46. 833,392 shares of the company's stock were exchanged, compared to its average volume of 1,114,298. The company has a quick ratio of 0.64, a current ratio of 0.58 and a debt-to-equity ratio of 1.04. Republic Services, Inc. has a twelve month low of $180.92 and a twelve month high of $251.93. The company has a market cap of $77.95 billion, a P/E ratio of 38.44, a P/E/G ratio of 3.64 and a beta of 0.62. The company has a fifty day moving average of $237.95 and a 200-day moving average of $220.38.

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

Republic Services Announces Dividend

The firm 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. The ex-dividend date is Wednesday, July 2nd. This represents a $2.32 dividend on an annualized basis and a dividend yield of 0.93%. Republic Services's payout ratio is currently 34.99%.

Analyst Ratings Changes

Several research analysts have recently weighed in on RSG shares. UBS Group boosted their target price on Republic Services from $240.00 to $250.00 and gave the stock a "neutral" rating in a report on Friday, April 11th. Robert W. Baird boosted their price target on shares of Republic Services from $232.00 to $245.00 and gave the company a "neutral" rating in a research report on Friday, April 25th. Truist Financial raised their price objective on shares of Republic Services from $250.00 to $270.00 and gave the stock a "buy" rating in a research report on Tuesday, April 22nd. Citigroup increased their price target on shares of Republic Services from $265.00 to $278.00 and gave the company a "buy" rating in a research note on Tuesday. Finally, William Blair reaffirmed an "outperform" rating on shares of Republic Services in a research report on Friday, April 25th. Five analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Republic Services currently has a consensus rating of "Moderate Buy" and a consensus target price of $249.00.

Insider Transactions at Republic Services

In other Republic Services news, COO Gregg Brummer sold 6,293 shares of the firm's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $228.20, for a total transaction of $1,436,062.60. Following the sale, the chief operating officer now owns 10,416 shares of the company's stock, valued at approximately $2,376,931.20. This trade represents a 37.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.11% of the company's stock.

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.