Republic Services, Inc. (NYSE:RSG) Stock Position Boosted by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. lifted its stake in Republic Services, Inc. (NYSE:RSG) by 10.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,557 shares of the business services provider’s stock after acquiring an additional 1,680 shares during the period. Atria Wealth Solutions Inc.’s holdings in Republic Services were worth $2,902,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in RSG. FinTrust Capital Advisors LLC raised its position in Republic Services by 56.3% in the third quarter. FinTrust Capital Advisors LLC now owns 197 shares of the business services provider’s stock worth $28,000 after acquiring an additional 71 shares in the last quarter. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Republic Services in the 4th quarter worth approximately $34,000. Millburn Ridgefield Corp acquired a new stake in Republic Services during the third quarter valued at approximately $36,000. Catalyst Capital Advisors LLC acquired a new position in Republic Services in the third quarter worth approximately $36,000. Finally, BKM Wealth Management LLC bought a new position in shares of Republic Services in the fourth quarter valued at $37,000. 57.73% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on RSG. Truist Financial raised their price objective on Republic Services from $175.00 to $192.00 and gave the stock a “hold” rating in a research note on Wednesday, February 28th. Scotiabank assumed coverage on Republic Services in a research note on Monday, April 8th. They issued a “sector perform” rating and a $211.00 price target on the stock. Jefferies Financial Group upped their price objective on shares of Republic Services from $213.00 to $225.00 and gave the company a “buy” rating in a research note on Monday, March 18th. BMO Capital Markets lifted their target price on shares of Republic Services from $173.00 to $195.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 28th. Finally, Oppenheimer upped their price target on shares of Republic Services from $182.00 to $195.00 and gave the company an “outperform” rating in a research report on Wednesday, February 28th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, Republic Services has a consensus rating of “Moderate Buy” and a consensus price target of $199.77.

Insider Activity

In related news, CEO Ark Jon Vander sold 5,446 shares of the business’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 completion of the sale, the chief executive officer now directly owns 85,113 shares in the company, valued at approximately $15,669,303.30. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.09% of the stock is currently owned by insiders.

Republic Services Trading Down 0.8 %

Shares of NYSE RSG opened at $191.92 on Monday. The stock has a market cap of $60.45 billion, a price-to-earnings ratio of 35.09, a PEG ratio of 3.36 and a beta of 0.68. The business has a 50 day simple moving average of $187.36 and a 200 day simple moving average of $170.83. 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, Inc. has a 52 week low of $135.33 and a 52 week high of $193.82.

Republic Services (NYSE:RSG) last posted its earnings results 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 during the quarter, compared to the consensus estimate of $3.73 billion. Republic Services had a net margin of 11.57% and a return on equity of 17.32%. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.13 earnings per share. On average, research analysts predict that Republic Services, Inc. will post 6.01 earnings per share for the current fiscal year.

Republic Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Tuesday, July 2nd will be paid a dividend of $0.535 per share. The ex-dividend date is Tuesday, July 2nd. This represents a $2.14 annualized dividend and a dividend yield of 1.12%. Republic Services’s dividend payout ratio (DPR) is presently 39.12%.

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.