ICW Investment Advisors LLC Has $1.54 Million Position in Republic Services, Inc. (NYSE:RSG)

ICW Investment Advisors LLC lifted its stake in Republic Services, Inc. (NYSE:RSG) by 3.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,644 shares of the business services provider’s stock after purchasing an additional 249 shares during the period. ICW Investment Advisors LLC’s holdings in Republic Services were worth $1,538,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. FSA Wealth Management LLC bought a new position in Republic Services in the third quarter valued at approximately $25,000. Arcadia Investment Management Corp MI boosted its stake in Republic Services by 200.0% in the fourth quarter. Arcadia Investment Management Corp MI now owns 132 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 88 shares during the last quarter. R Squared Ltd bought a new position in Republic Services in the fourth quarter valued at approximately $32,000. Truvestments Capital LLC bought a new position in Republic Services in the third quarter valued at approximately $34,000. Finally, Generali Asset Management SPA SGR bought a new position in Republic Services in the fourth quarter valued at approximately $45,000. Institutional investors and hedge funds own 57.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on RSG shares. Truist Financial reaffirmed a “buy” rating and issued a $250.00 price objective (up from $244.00) on shares of Republic Services in a research note on Friday, February 14th. Cibc World Mkts raised shares of Republic Services from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 4th. The Goldman Sachs Group boosted their price target on shares of Republic Services from $239.00 to $265.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Argus set a $260.00 price target on shares of Republic Services in a report on Tuesday, February 18th. Finally, Stifel Nicolaus boosted their price target on shares of Republic Services from $240.00 to $257.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Five analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Republic Services currently has a consensus rating of “Moderate Buy” and a consensus price target of $236.88.

Republic Services Trading Down 0.8 %

Republic Services stock opened at $232.95 on Monday. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.58 and a quick ratio of 0.64. The firm has a 50-day moving average of $224.90 and a 200-day moving average of $212.70. The company has a market cap of $72.75 billion, a price-to-earnings ratio of 35.89, a P/E/G ratio of 3.64 and a beta of 0.73. Republic Services, Inc. has a one year low of $180.92 and a one year high of $240.95.

Republic Services (NYSE:RSG) last issued its earnings results on Thursday, February 13th. The business services provider reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.21. The company had revenue of $4.05 billion for the quarter, compared to analysts’ expectations of $4.08 billion. Republic Services had a net margin of 12.74% and a return on equity of 18.28%. During the same period in the prior year, the firm earned $1.41 EPS. On average, equities analysts expect that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.

Republic Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Wednesday, April 2nd will be issued a $0.58 dividend. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.00%. Republic Services’s payout ratio is 35.75%.

Insider Activity

In other Republic Services news, COO Gregg Brummer sold 6,293 shares of the stock in a transaction dated 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 transaction, the chief operating officer now directly owns 10,416 shares of the company’s stock, valued at $2,376,931.20. This represents a 37.66 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.09% of the stock is owned by insiders.

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.