Impax Asset Management Group plc Reduces Stake in Republic Services, Inc. (NYSE:RSG)

Impax Asset Management Group plc lessened its stake in Republic Services, Inc. (NYSE:RSG) by 5.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 857,050 shares of the business services provider’s stock after selling 47,742 shares during the quarter. Impax Asset Management Group plc owned approximately 0.27% of Republic Services worth $172,421,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Capital Advisors Ltd. LLC raised its stake in shares of Republic Services by 3.3% in the fourth quarter. Capital Advisors Ltd. LLC now owns 2,048 shares of the business services provider’s stock valued at $412,000 after buying an additional 65 shares during the period. Delta Financial Group Inc. purchased a new stake in Republic Services in the 4th quarter worth about $213,000. Howard Capital Management Inc. lifted its holdings in Republic Services by 5.9% during the fourth quarter. Howard Capital Management Inc. now owns 1,231 shares of the business services provider’s stock valued at $248,000 after purchasing an additional 69 shares during the last quarter. TCW Group Inc. boosted its position in Republic Services by 68.7% during the fourth quarter. TCW Group Inc. now owns 193,282 shares of the business services provider’s stock worth $38,884,000 after purchasing an additional 78,700 shares during the period. Finally, First Horizon Advisors Inc. increased its stake in shares of Republic Services by 11.9% in the fourth quarter. First Horizon Advisors Inc. now owns 592 shares of the business services provider’s stock worth $119,000 after purchasing an additional 63 shares in the last quarter. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Republic Services Stock Performance

Shares of NYSE:RSG opened at $230.73 on Monday. The company has a current ratio of 0.58, a quick ratio of 0.64 and a debt-to-equity ratio of 1.04. The company has a market cap of $72.05 billion, a price-to-earnings ratio of 35.55, a price-to-earnings-growth ratio of 3.64 and a beta of 0.74. Republic Services, Inc. has a 12 month low of $180.91 and a 12 month high of $232.52. The company has a 50-day moving average price of $212.87 and a 200-day moving average price of $208.65.

Republic Services (NYSE:RSG) last released its quarterly earnings data on Thursday, February 13th. The business services provider reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.21. Republic Services had a return on equity of 18.28% and a net margin of 12.74%. The business had revenue of $4.05 billion during the quarter, compared to analysts’ expectations of $4.08 billion. During the same quarter last year, the business posted $1.41 EPS. As a group, equities analysts anticipate that Republic Services, Inc. will post 6.86 EPS for the current year.

Republic Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Wednesday, April 2nd will be issued a $0.58 dividend. The ex-dividend date is Wednesday, April 2nd. This represents a $2.32 annualized dividend and a yield of 1.01%. Republic Services’s dividend payout ratio (DPR) is presently 35.75%.

Analyst Ratings Changes

Several research analysts recently commented on the stock. UBS Group raised their price objective on shares of Republic Services from $212.00 to $240.00 and gave the stock a “neutral” rating in a report on Wednesday, February 19th. Jefferies Financial Group lifted their price target on Republic Services from $235.00 to $244.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. CIBC raised their target price on Republic Services from $217.00 to $227.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 4th. Truist Financial restated a “buy” rating and issued a $250.00 price objective (up from $244.00) on shares of Republic Services in a research report on Friday, February 14th. Finally, William Blair reissued an “outperform” rating on shares of Republic Services in a research note on Friday, February 14th. Six investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Republic Services presently has an average rating of “Moderate Buy” and a consensus price target of $233.41.

Insider Transactions at Republic Services

In other news, Director Katharine Weymouth sold 1,859 shares of the stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $215.27, for a total value of $400,186.93. Following the completion of the transaction, the director now owns 879 shares of the company’s stock, valued at approximately $189,222.33. This represents a 67.90 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Gregg Brummer sold 6,293 shares of Republic Services stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $228.20, for a total value of $1,436,062.60. Following the sale, the chief operating officer now owns 10,416 shares in the company, valued at $2,376,931.20. This represents a 37.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.09% of the company’s stock.

Republic Services 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.