Pittenger & Anderson Inc. Trims Stock Holdings in Republic Services, Inc. (NYSE:RSG)

Pittenger & Anderson Inc. decreased its stake in Republic Services, Inc. (NYSE:RSG) by 0.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 68,569 shares of the business services provider’s stock after selling 153 shares during the quarter. Pittenger & Anderson Inc.’s holdings in Republic Services were worth $11,308,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Schechter Investment Advisors LLC increased its position in Republic Services by 19.4% in the third quarter. Schechter Investment Advisors LLC now owns 2,791 shares of the business services provider’s stock worth $398,000 after buying an additional 453 shares in the last quarter. abrdn plc grew its position in shares of Republic Services by 64.1% during the fourth quarter. abrdn plc now owns 96,531 shares of the business services provider’s stock worth $15,919,000 after purchasing an additional 37,690 shares in the last quarter. First Financial Corp IN grew its position in shares of Republic Services by 4.7% during the fourth quarter. First Financial Corp IN now owns 2,858 shares of the business services provider’s stock worth $471,000 after purchasing an additional 128 shares in the last quarter. SG Americas Securities LLC grew its position in shares of Republic Services by 217.7% during the fourth quarter. SG Americas Securities LLC now owns 76,038 shares of the business services provider’s stock worth $12,539,000 after purchasing an additional 52,104 shares in the last quarter. Finally, Robeco Schweiz AG grew its position in shares of Republic Services by 65.9% during the third quarter. Robeco Schweiz AG now owns 34,500 shares of the business services provider’s stock worth $4,917,000 after purchasing an additional 13,700 shares in the last quarter. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Insider Transactions at Republic Services

In other Republic Services news, CEO Ark Jon Vander sold 5,446 shares of Republic Services stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $184.10, for a total transaction of $1,002,608.60. Following the completion of the sale, the chief executive officer now owns 85,113 shares of the company’s stock, valued at approximately $15,669,303.30. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.09% of the company’s stock.

Republic Services Trading Down 0.2 %

RSG traded down $0.43 during trading on Friday, hitting $193.13. 888,292 shares of the stock were exchanged, compared to its average volume of 1,201,044. The firm has a 50 day simple moving average of $187.13 and a 200 day simple moving average of $170.17. The firm has a market cap of $60.83 billion, a price-to-earnings ratio of 35.34, a P/E/G ratio of 3.36 and a beta of 0.68. Republic Services, Inc. has a 1 year low of $135.33 and a 1 year high of $193.82. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.56 and a current ratio of 0.56.

Republic Services (NYSE:RSG) last released its quarterly earnings data on Tuesday, February 27th. The business services provider reported $1.41 EPS for the quarter, topping the consensus estimate of $1.28 by $0.13. The company had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.73 billion. Republic Services had a return on equity of 17.32% and a net margin of 11.57%. Republic Services’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period last year, the business posted $1.13 EPS. As a group, equities analysts expect that Republic Services, Inc. will post 6.01 EPS for the current year.

Republic Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Tuesday, April 2nd were given a $0.535 dividend. The ex-dividend date of this dividend was Monday, April 1st. This represents a $2.14 dividend on an annualized basis and a dividend yield of 1.11%. Republic Services’s payout ratio is 39.12%.

Analysts Set New Price Targets

Several research firms recently issued reports on RSG. The Goldman Sachs Group increased their target price on Republic Services from $209.00 to $230.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Truist Financial increased their target price on Republic Services from $175.00 to $192.00 and gave the stock a “hold” rating in a research report on Wednesday, February 28th. Scotiabank began coverage on Republic Services in a research note on Monday, April 8th. They set a “sector perform” rating and a $211.00 price target for the company. BMO Capital Markets increased their price target on Republic Services from $173.00 to $195.00 and gave the company a “market perform” rating in a research note on Wednesday, February 28th. Finally, Oppenheimer increased their price target on Republic Services from $182.00 to $195.00 and gave the company an “outperform” rating in a research note 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.com, Republic Services has an average rating of “Moderate Buy” and a consensus price target of $199.77.

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.