Virtus ETF Advisers LLC Acquires New Holdings in Republic Services, Inc. (NYSE:RSG)

Virtus ETF Advisers LLC bought a new position in Republic Services, Inc. (NYSE:RSG - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 5,738 shares of the business services provider's stock, valued at approximately $1,154,000.

Other large investors have also added to or reduced their stakes in the company. Arcadia Investment Management Corp MI grew its holdings in Republic Services by 200.0% in the 4th quarter. Arcadia Investment Management Corp MI now owns 132 shares of the business services provider's stock worth $27,000 after acquiring an additional 88 shares during the last quarter. R Squared Ltd purchased a new position in Republic Services during the 4th quarter valued at about $32,000. New Age Alpha Advisors LLC lifted its position in Republic Services by 70.2% during the 4th quarter. New Age Alpha Advisors LLC now owns 177 shares of the business services provider's stock valued at $36,000 after acquiring an additional 73 shares during the period. Generali Asset Management SPA SGR bought a new stake in Republic Services during the 4th quarter valued at about $45,000. Finally, Bank of Jackson Hole Trust bought a new stake in Republic Services during the 4th quarter valued at about $48,000. Institutional investors own 57.73% of the company's stock.

Insiders Place Their Bets

In other Republic Services news, COO Gregg Brummer sold 6,293 shares of the company's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $228.20, for a total value of $1,436,062.60. Following the completion of the sale, the chief operating officer now directly owns 10,416 shares in the company, valued at approximately $2,376,931.20. This represents a 37.66 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.11% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have weighed in on RSG shares. Robert W. Baird raised their price objective on shares of Republic Services from $232.00 to $245.00 and gave the company a "neutral" rating in a research note on Friday, April 25th. Truist Financial raised their price objective on shares of Republic Services from $250.00 to $270.00 and gave the company a "buy" rating in a research note on Tuesday, April 22nd. Scotiabank boosted their price objective on shares of Republic Services from $233.00 to $250.00 and gave the company a "sector perform" rating in a report on Tuesday, April 8th. Argus set a $260.00 target price on shares of Republic Services in a research note on Tuesday, February 18th. Finally, Stifel Nicolaus increased their price target on Republic Services from $240.00 to $257.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. Five equities research 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 stock. According to data from MarketBeat.com, Republic Services currently has a consensus rating of "Moderate Buy" and a consensus price target of $249.00.

Republic Services Price Performance

RSG stock traded down $0.70 during trading on Thursday, reaching $250.05. The company's stock had a trading volume of 384,168 shares, compared to its average volume of 1,112,575. The company has a market capitalization of $78.14 billion, a P/E ratio of 38.49, a price-to-earnings-growth ratio of 3.64 and a beta of 0.62. The company's fifty day moving average is $237.95 and its 200-day moving average is $220.38. 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 1 year low of $180.92 and a 1 year high of $251.70.

Republic Services (NYSE:RSG - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The business services provider reported $1.58 earnings per share for the quarter, beating analysts' consensus estimates of $1.53 by $0.05. The firm had revenue of $4.01 billion during the quarter, compared to analyst estimates 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 last year, the business posted $1.45 earnings per share. On average, research analysts expect that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.

Republic Services Dividend Announcement

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

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.