Evexia Wealth LLC Buys 876 Shares of Republic Services, Inc. (NYSE:RSG)

Evexia Wealth LLC grew its position in Republic Services, Inc. (NYSE:RSG) by 2.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 41,371 shares of the business services provider’s stock after buying an additional 876 shares during the period. Republic Services accounts for approximately 3.0% of Evexia Wealth LLC’s investment portfolio, making the stock its 16th largest holding. Evexia Wealth LLC’s holdings in Republic Services were worth $7,184,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Republic Services in the 4th quarter valued at $34,000. Millburn Ridgefield Corp bought a new position in Republic Services during the third quarter worth about $36,000. Catalyst Capital Advisors LLC acquired a new position in shares of Republic Services during the 3rd quarter worth about $36,000. BKM Wealth Management LLC acquired a new stake in shares of Republic Services in the 4th quarter valued at approximately $37,000. Finally, Asset Dedication LLC boosted its stake in Republic Services by 48.1% during the 3rd quarter. Asset Dedication LLC now owns 277 shares of the business services provider’s stock worth $40,000 after acquiring an additional 90 shares during the last quarter. Institutional investors own 57.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on RSG shares. The Goldman Sachs Group increased their target price on shares of Republic Services from $209.00 to $230.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Morgan Stanley downgraded Republic Services from an “overweight” rating to an “equal weight” rating and set a $199.00 price target for the company. in a report on Friday, March 15th. Royal Bank of Canada assumed coverage on Republic Services in a research report on Monday, April 8th. They issued a “sector perform” rating and a $198.00 price objective for the company. Oppenheimer raised their target price on shares of Republic Services from $202.00 to $204.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. Finally, Truist Financial upped their price target on shares of Republic Services from $175.00 to $192.00 and gave the company a “hold” rating in a report on Wednesday, February 28th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $201.00.

Republic Services Stock Up 1.0 %

Republic Services stock traded up $1.85 during mid-day trading on Tuesday, reaching $188.56. The company’s stock had a trading volume of 1,061,971 shares, compared to its average volume of 1,253,788. The business’s 50 day simple moving average is $188.14 and its 200 day simple moving average is $172.87. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.53 and a current ratio of 0.53. Republic Services, Inc. has a 12 month low of $140.07 and a 12 month high of $196.76. The company has a market capitalization of $59.38 billion, a price-to-earnings ratio of 33.08, a price-to-earnings-growth ratio of 3.22 and a beta of 0.67.

Republic Services (NYSE:RSG) last released its earnings results on Tuesday, April 30th. The business services provider reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.10. Republic Services had a return on equity of 17.56% and a net margin of 11.81%. The business had revenue of $3.86 billion for the quarter, compared to the consensus estimate of $3.89 billion. During the same quarter in the previous year, the business earned $1.24 earnings per share. Republic Services’s quarterly revenue was up 7.8% on a year-over-year basis. As a group, research analysts anticipate that Republic Services, Inc. will post 6.05 earnings per share for the current year.

Republic Services Announces Dividend

The company also recently announced 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 is Tuesday, July 2nd. This represents a $2.14 annualized dividend and a dividend yield of 1.13%. Republic Services’s dividend payout ratio is presently 37.54%.

Insider Buying and Selling

In other Republic Services news, CEO Ark Jon Vander sold 5,446 shares of the stock in a transaction on Monday, March 4th. The shares were sold at an average price of $184.10, for a total value of $1,002,608.60. Following the completion of the sale, the chief executive officer now owns 85,113 shares in the company, valued at $15,669,303.30. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Republic Services news, CEO Ark Jon Vander sold 5,446 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $184.10, for a total value of $1,002,608.60. Following the sale, the chief executive officer now owns 85,113 shares in the company, valued at $15,669,303.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CMO Amanda Hodges sold 6,500 shares of Republic Services stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $186.02, for a total value of $1,209,130.00. Following the transaction, 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. 0.09% of the stock is owned by corporate insiders.

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.