Vestmark Advisory Solutions Inc. Purchases 133 Shares of Republic Services, Inc. (NYSE:RSG)

Posted by Defense World Staff on Aug 19th, 2023

Vestmark Advisory Solutions Inc. boosted its position in shares of Republic Services, Inc. (NYSE:RSG – Free Report) by 6.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,178 shares of the business services provider’s stock after purchasing an additional 133 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Republic Services were worth $295,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Manchester Capital Management LLC increased its holdings in shares of Republic Services by 11.2% during the first quarter. Manchester Capital Management LLC now owns 6,131 shares of the business services provider’s stock valued at $829,000 after acquiring an additional 616 shares in the last quarter. US Bancorp DE increased its stake in Republic Services by 6.0% during the 1st quarter. US Bancorp DE now owns 186,766 shares of the business services provider’s stock valued at $25,254,000 after purchasing an additional 10,629 shares in the last quarter. GAM Holding AG raised its holdings in shares of Republic Services by 63.2% in the first quarter. GAM Holding AG now owns 13,231 shares of the business services provider’s stock worth $1,789,000 after buying an additional 5,122 shares during the last quarter. Clearstead Advisors LLC grew its holdings in shares of Republic Services by 76.1% during the first quarter. Clearstead Advisors LLC now owns 3,714 shares of the business services provider’s stock valued at $502,000 after buying an additional 1,605 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of Republic Services in the 1st quarter valued at $3,715,000. Institutional investors own 64.36% of the company’s stock.

Wall Street Analysts Forecast Growth

RSG has been the subject of a number of research reports. Citigroup lifted their price target on Republic Services from $177.00 to $178.00 and gave the stock a “buy” rating in a research report on Wednesday, August 2nd. 22nd Century Group reiterated a “maintains” rating on shares of Republic Services in a research report on Thursday, April 27th. StockNews.com began coverage on shares of Republic Services in a research report on Thursday. They set a “buy” rating for the company. BMO Capital Markets upped their price objective on shares of Republic Services from $158.00 to $160.00 and gave the company a “market perform” rating in a report on Tuesday, August 1st. Finally, Oppenheimer increased their price target on Republic Services from $158.00 to $159.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 1st. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Republic Services has an average rating of “Moderate Buy” and an average price target of $159.00.

Get Our Latest Research Report on RSG

Republic Services Trading Up 0.3 %

Shares of NYSE:RSG opened at $146.28 on Friday. The business’s 50 day moving average price is $149.17 and its 200-day moving average price is $140.35. Republic Services, Inc. has a 1 year low of $120.58 and a 1 year high of $156.65. The firm has a market capitalization of $46.27 billion, a price-to-earnings ratio of 29.43, a price-to-earnings-growth ratio of 2.87 and a beta of 0.66. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.76 and a quick ratio of 0.76.

Republic Services (NYSE:RSG – Get Free Report) last posted its quarterly earnings data on Monday, July 31st. The business services provider reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.09. Republic Services had a net margin of 10.91% and a return on equity of 16.53%. The business had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $3.73 billion. During the same period last year, the firm posted $1.32 earnings per share. The company’s revenue was up 9.1% compared to the same quarter last year. On average, equities research analysts forecast that Republic Services, Inc. will post 5.35 earnings per share for the current fiscal year.

Republic Services Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Monday, October 2nd will be paid a $0.535 dividend. This represents a $2.14 dividend on an annualized basis and a yield of 1.46%. This is a positive change from Republic Services’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Friday, September 29th. Republic Services’s dividend payout ratio (DPR) is 39.84%.

Insider Transactions at Republic Services

In other Republic Services news, CMO Amanda Hodges sold 2,712 shares of the business’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $148.66, for a total transaction of $403,165.92. Following the transaction, the chief marketing officer now owns 4,969 shares of the company’s stock, valued at $738,691.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CMO Amanda Hodges sold 2,712 shares of the firm’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $148.66, for a total transaction of $403,165.92. Following the completion of the sale, the chief marketing officer now directly owns 4,969 shares in the company, valued at $738,691.54. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Brian M. Delghiaccio sold 5,500 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $149.65, for a total value of $823,075.00. Following the completion of the transaction, the chief financial officer now owns 5,071 shares in the company, valued at $758,875.15. The disclosure for this sale can be found here. Insiders own 0.09% of the company’s stock.

Republic Services Company Profile

(Free Report)

Republic Services, Inc, together with its subsidiaries, offers environmental services in the United States. 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.