Republic Services, Inc. (NYSE:RSG) Shares Sold by Squarepoint Ops LLC

Squarepoint Ops LLC cut its position in Republic Services, Inc. (NYSE:RSG) by 74.4% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 36,333 shares of the business services provider’s stock after selling 105,600 shares during the period. Squarepoint Ops LLC’s holdings in Republic Services were worth $7,309,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Arcadia Investment Management Corp MI grew its stake in Republic Services by 200.0% during the 4th quarter. Arcadia Investment Management Corp MI now owns 132 shares of the business services provider’s stock worth $27,000 after purchasing an additional 88 shares in the last quarter. R Squared Ltd acquired a new position in Republic Services during the 4th quarter worth $32,000. New Age Alpha Advisors LLC grew its stake in Republic Services by 70.2% during the 4th quarter. New Age Alpha Advisors LLC now owns 177 shares of the business services provider’s stock worth $36,000 after purchasing an additional 73 shares in the last quarter. Generali Asset Management SPA SGR acquired a new position in Republic Services during the 4th quarter worth $45,000. Finally, Bank of Jackson Hole Trust acquired a new position in Republic Services during the 4th quarter worth $48,000. 57.73% of the stock is owned by institutional investors and hedge funds.

Republic Services Price Performance

Shares of NYSE RSG opened at $252.79 on Friday. The company has a current ratio of 0.58, a quick ratio of 0.64 and a debt-to-equity ratio of 1.04. Republic Services, Inc. has a twelve month low of $180.92 and a twelve month high of $253.76. The stock has a 50 day moving average of $242.93 and a two-hundred day moving average of $225.85. The stock has a market cap of $79.00 billion, a P/E ratio of 38.95, a P/E/G ratio of 3.64 and a beta of 0.66.

Republic Services (NYSE:RSG) last issued its quarterly earnings data on Thursday, April 24th. The business services provider reported $1.58 earnings per share for the quarter, beating analysts’ consensus estimates of $1.53 by $0.05. Republic Services had a return on equity of 18.28% and a net margin of 12.74%. The company had revenue of $4.01 billion during the quarter, compared to analysts’ expectations of $4.08 billion. During the same quarter in the previous year, the business earned $1.45 earnings per share. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis. On average, research analysts forecast that Republic Services, Inc. will post 6.86 earnings per share for the current year.

Republic Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Wednesday, July 2nd will be paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date of this dividend is Wednesday, July 2nd. Republic Services’s dividend payout ratio is currently 34.99%.

Wall Street Analyst Weigh In

Several research analysts recently commented on RSG shares. Truist Financial boosted their target price on Republic Services from $250.00 to $270.00 and gave the stock a “buy” rating in a research note on Tuesday, April 22nd. Royal Bank of Canada reissued an “outperform” rating and set a $266.00 target price on shares of Republic Services in a research note on Friday, April 25th. Scotiabank upped their price objective on Republic Services from $233.00 to $250.00 and gave the stock a “sector perform” rating in a research report on Tuesday, April 8th. Raymond James reaffirmed an “outperform” rating on shares of Republic Services in a research report on Wednesday, April 16th. Finally, William Blair reaffirmed an “outperform” rating on shares of Republic Services in a research report on Friday, April 25th. Seven investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $250.44.

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.