Ayrshire Capital Management LLC Boosts Stake in Republic Services, Inc. (NYSE:RSG)

Ayrshire Capital Management LLC lifted its stake in shares of Republic Services, Inc. (NYSE:RSG) by 3.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 28,449 shares of the business services provider’s stock after acquiring an additional 908 shares during the period. Republic Services makes up 2.8% of Ayrshire Capital Management LLC’s investment portfolio, making the stock its 19th biggest position. Ayrshire Capital Management LLC’s holdings in Republic Services were worth $5,723,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of the company. Pallas Capital Advisors LLC purchased a new stake in Republic Services during the fourth quarter valued at about $204,000. Miracle Mile Advisors LLC grew its stake in shares of Republic Services by 104.5% in the fourth quarter. Miracle Mile Advisors LLC now owns 2,971 shares of the business services provider’s stock worth $598,000 after purchasing an additional 1,518 shares during the last quarter. Wedmont Private Capital increased its holdings in Republic Services by 7.9% during the 4th quarter. Wedmont Private Capital now owns 2,517 shares of the business services provider’s stock valued at $519,000 after purchasing an additional 185 shares during the period. Kieckhefer Group LLC purchased a new stake in Republic Services in the 4th quarter worth approximately $50,000. Finally, Capital Investment Advisors LLC lifted its position in Republic Services by 5.1% during the fourth quarter. Capital Investment Advisors LLC now owns 9,828 shares of the business services provider’s stock valued at $1,977,000 after buying an additional 478 shares during the period. Institutional investors own 57.73% of the company’s stock.

Republic Services Trading Up 0.3 %

NYSE RSG opened at $206.98 on Tuesday. The company has a 50 day moving average price of $209.00 and a 200 day moving average price of $204.11. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.07. Republic Services, Inc. has a 52 week low of $165.06 and a 52 week high of $220.58. The firm has a market cap of $64.82 billion, a PE ratio of 33.12, a price-to-earnings-growth ratio of 3.30 and a beta of 0.73.

Republic Services (NYSE:RSG) last issued its quarterly earnings results on Tuesday, October 29th. The business services provider reported $1.81 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.20. Republic Services had a return on equity of 18.18% and a net margin of 12.46%. The company had revenue of $4.08 billion during the quarter, compared to analysts’ expectations of $4.12 billion. During the same quarter in the previous year, the firm posted $1.54 EPS. The firm’s revenue was up 6.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Republic Services, Inc. will post 6.25 EPS for the current fiscal year.

Republic Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be issued a dividend of $0.58 per share. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $2.32 annualized dividend and a dividend yield of 1.12%. Republic Services’s dividend payout ratio (DPR) is presently 37.12%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. CIBC upped their price objective on Republic Services from $217.00 to $227.00 and gave the company a “neutral” rating in a research report on Wednesday, December 4th. Truist Financial boosted their price objective on shares of Republic Services from $220.00 to $244.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Scotiabank started coverage on shares of Republic Services in a report on Friday, October 4th. They issued a “sector perform” rating and a $224.00 target price on the stock. Royal Bank of Canada raised Republic Services from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from $219.00 to $237.00 in a report on Monday, January 6th. Finally, BMO Capital Markets raised Republic Services from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $211.00 to $238.00 in a research report on Friday, December 6th. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, Republic Services has an average rating of “Moderate Buy” and a consensus price target of $221.12.

Insider Buying and Selling at Republic Services

In other Republic Services news, CFO Brian M. Delghiaccio sold 5,071 shares of the company’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $210.02, for a total transaction of $1,065,011.42. Following the completion of the transaction, the chief financial officer now directly owns 6,318 shares in the company, valued at approximately $1,326,906.36. This represents a 44.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Katharine Weymouth sold 1,859 shares of Republic Services stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $215.27, for a total transaction of $400,186.93. Following the completion of the sale, the director now owns 879 shares in the company, valued at approximately $189,222.33. This trade represents a 67.90 % decrease in their position. 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.