Republic Services, Inc. (NYSE:RSG) Shares Acquired by Wells Fargo & Company MN (2024)

Posted by Defense World Staff on May 27th, 2024

Wells Fargo & Company MN boosted its stake in Republic Services, Inc. (NYSE:RSG – Free Report) by 4.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 247,955 shares of the business services provider’s stock after purchasing an additional 10,509 shares during the period. Wells Fargo & Company MN owned about 0.08% of Republic Services worth $40,890,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Bogart Wealth LLC acquired a new stake in Republic Services in the 4th quarter valued at approximately $30,000. Turtle Creek Wealth Advisors LLC acquired a new stake in Republic Services in the 4th quarter valued at approximately $34,000. Catalyst Capital Advisors LLC acquired a new stake in Republic Services in the 3rd quarter valued at approximately $36,000. BKM Wealth Management LLC acquired a new stake in Republic Services in the 4th quarter valued at approximately $37,000. Finally, Asset Dedication LLC increased its holdings in Republic Services by 48.1% in the 3rd quarter. Asset Dedication LLC now owns 277 shares of the business services provider’s stock valued at $40,000 after purchasing an additional 90 shares during the last quarter. Institutional investors and hedge funds own 57.73% of the company’s stock.

Insider Buying and Selling at Republic Services

In other Republic Services news, CEO Ark Jon Vander sold 5,446 shares of Republic Services stock in a transaction on Monday, March 4th. The shares were sold at an average price of $184.10, for a total value of $1,002,608.60. Following the transaction, the chief executive officer now owns 85,113 shares in the company, valued at approximately $15,669,303.30. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Republic Services news, CMO Amanda Hodges sold 6,500 shares of Republic Services stock in a transaction on Monday, May 6th. The shares were sold at an average price of $186.02, for a total value of $1,209,130.00. Following the transaction, the chief marketing officer now owns 6,831 shares in the company, valued at approximately $1,270,702.62. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Ark Jon Vander sold 5,446 shares of the firm’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $184.10, for a total transaction of $1,002,608.60. Following the completion of the transaction, the chief executive officer now directly owns 85,113 shares in the company, valued at approximately $15,669,303.30. The disclosure for this sale can be found here. 0.09% of the stock is owned by company insiders.

Republic Services Stock Up 0.3 %

Shares of NYSE RSG opened at $186.81 on Monday. Republic Services, Inc. has a 1 year low of $140.07 and a 1 year high of $196.76. The firm’s 50 day moving average price is $188.81 and its 200 day moving average price is $176.35. The firm has a market cap of $58.83 billion, a P/E ratio of 32.77, a price-to-earnings-growth ratio of 3.14 and a beta of 0.67. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.53 and a current ratio of 0.53.

Republic Services (NYSE:RSG – Get Free Report) last announced its earnings results on Tuesday, April 30th. The business services provider reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.10. Republic Services had a net margin of 11.81% and a return on equity of 17.56%. The firm had revenue of $3.86 billion for the quarter, compared to analyst estimates of $3.89 billion. During the same quarter last year, the business earned $1.24 earnings per share. Republic Services’s revenue was up 7.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Republic Services, Inc. will post 6.05 earnings per share for the current year.

Republic Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Tuesday, July 2nd will be given a dividend of $0.535 per share. The ex-dividend date is Tuesday, July 2nd. This represents a $2.14 dividend on an annualized basis and a yield of 1.15%. Republic Services’s dividend payout ratio (DPR) is currently 37.54%.

Analyst Ratings Changes

RSG has been the subject of several research reports. Oppenheimer boosted their price target on shares of Republic Services from $202.00 to $204.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. Wells Fargo & Company boosted their price target on shares of Republic Services from $180.00 to $188.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 6th. Scotiabank boosted their price target on shares of Republic Services from $211.00 to $213.00 and gave the stock a “sector perform” rating in a research note on Wednesday, May 1st. BMO Capital Markets boosted their price target on shares of Republic Services from $173.00 to $195.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 28th. Finally, Royal Bank of Canada initiated coverage on shares of Republic Services in a research note on Monday, April 8th. They issued a “sector perform” rating and a $198.00 price target for the company. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $201.14.

Read Our Latest Stock Analysis on Republic Services

Republic Services Company Profile

(Free Report)

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.

Receive News & Ratings for Republic Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Republic Services and related companies with MarketBeat.com's FREE daily email newsletter.