Republic Services, Inc.(NYSE:RSG) Shares Purchased by Ardevora Asset Management LLP Posted by Donald Scott on Jan 14th, 2021 Tweet
Ardevora Asset Management LLP raised its position in shares of Republic Services, Inc.(NYSE:RSG) by 1.4% during the 4th quarter, Holdings Channel reports.The firm owned 577,704 shares of the business services provider’s stock after buying an additional 8,100 shares during the quarter.Ardevora Asset Management LLP’s holdings in Republic Services were worth $55,633,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also bought and sold shares of the company.Atlas Private Wealth Management purchased a new position in Republic Services during the third quarter valued at approximately $32,000.Mirova purchased a new position in Republic Services in the 3rd quarter valued at $79,000.Freestone Capital Holdings LLC acquired a new stake in Republic Services during the 3rd quarter worth $93,000.
Prestige Wealth Management Group LLC grew its holdings in shares of Republic Services by 22.2% during the third quarter.Prestige Wealth Management Group LLC now owns 1,233 shares of the business services provider’s stock worth $115,000 after buying an additional 224 shares in the last quarter.
Finally, Huntington National Bank raised its position in shares of Republic Services by 19.5% in the fourth quarter.Huntington National Bank now owns 1,214 shares of the business services provider’s stock valued at $117,000 after buying an additional 198 shares during the last quarter.57.21% of the stock is owned by institutional investors.Get Republic Services alerts:
A number of equities research analysts recently issued reports on the stock.
Jefferies Financial Group raised shares of Republic Services from a “hold” rating to a “buy” rating and upped their price objective for the company from $102.00 to $110.00 in a report on Monday, October 19th.
Morgan Stanley increased their target price on shares of Republic Services from $97.00 to $99.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 6th.Bank of America lowered shares of Republic Services from a “buy” rating to a “neutral” rating in a research note on Monday.JPMorgan Chase & Co.
downgraded Republic Services from an “overweight” rating to a “neutral” rating and set a $99.00 price target for the company.in a report on Wednesday, September 23rd.Finally, Argus upped their price objective on shares of Republic Services from $102.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, November 18th.One analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company.The stock currently has a consensus rating of “Hold” and an average price target of $96.62.RSG stock traded down $0.73 during trading hours on Thursday, hitting $93.71.
32,540 shares of the stock traded hands, compared to its average volume of 1,086,957.Republic Services, Inc.has a one year low of $65.37 and a one year high of $103.79.The company has a market cap of $29.87 billion, a P/E ratio of 28.16, a P/E/G ratio of 3.68 and a beta of 0.61.The stock has a 50-day simple moving average of $95.87 and a 200 day simple moving average of $92.20.The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 1.04.
Republic Services (NYSE:RSG) last released its earnings results on Thursday, November 5th.
The business services provider reported $1.00 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.83 by $0.17.The company had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.58 billion.Republic Services had a return on equity of 13.41% and a net margin of 10.35%.The business’s revenue for the quarter was down 2.8% on a year-over-year basis.During the same quarter in the previous year, the business posted $0.91 EPS.
Analysts forecast that Republic Services, Inc.will post 3.17 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 15th.Investors of record on Monday, January 4th will be issued a dividend of $0.425 per share.This represents a $1.70 annualized dividend and a dividend yield of 1.81%.The ex-dividend date of this dividend is Thursday, December 31st.Republic Services’s dividend payout ratio is currently 50.90%.
Republic Services declared that its board has authorized a stock repurchase program on Thursday, November 5th that authorizes the company to repurchase $2.00 billion in shares.This repurchase authorization authorizes the business services provider to buy up to 6.6% of its stock through open market purchases.
Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.
In other news, CEO Donald W.Slager sold 43,199 shares of the company’s stock in a transaction dated Friday, December 11th.The shares were sold at an average price of $94.85, for a total transaction of $4,097,425.15.
Following the completion of the transaction, the chief executive officer now owns 299,080 shares of the company’s stock, valued at $28,367,738.The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link .Company insiders own 0.20% of the company’s stock.
Republic Services Company Profile
Republic Services, Inc, together with its subsidiaries, provides non-hazardous solid waste collection, transfer, disposal, recycling, and environmental services in the United States.The company serves small-container, large-container, and municipal and residential customers.The company’s collection services include curbside collection of waste for transport to transfer stations, landfills, or recycling processing centers; supply of waste containers; and renting of compactors.
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