Cognios Beta Neutral Large Cap Fund LP Sells 518 Shares of Republic Services, Inc. (NYSE:RSG)

Cognios Beta Neutral Large Cap Fund LP lessened its position in Republic Services, Inc. (NYSE:RSG) by 12.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,568 shares of the business services provider’s stock after selling 518 shares during the quarter. Cognios Beta Neutral Large Cap Fund LP’s holdings in Republic Services were worth $588,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. FinTrust Capital Advisors LLC boosted its position in Republic Services by 56.3% during the third quarter. FinTrust Capital Advisors LLC now owns 197 shares of the business services provider’s stock valued at $28,000 after buying an additional 71 shares during the period. Turtle Creek Wealth Advisors LLC bought a new position in Republic Services during the 4th quarter worth approximately $34,000. Millburn Ridgefield Corp purchased a new position in Republic Services in the 3rd quarter worth approximately $36,000. Catalyst Capital Advisors LLC bought a new stake in Republic Services in the third quarter valued at approximately $36,000. Finally, BKM Wealth Management LLC purchased a new stake in shares of Republic Services during the fourth quarter valued at approximately $37,000. Institutional investors own 57.73% of the company’s stock.

Insider Buying and Selling

In other Republic Services news, CEO Ark Jon Vander sold 5,446 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $184.10, for a total transaction of $1,002,608.60. Following the completion of the sale, the chief executive officer now directly owns 85,113 shares in the company, valued at approximately $15,669,303.30. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.09% of the stock is currently owned by corporate insiders.

Republic Services Stock Up 0.7 %

NYSE:RSG traded up $1.38 during trading hours on Wednesday, reaching $191.99. 1,135,541 shares of the company traded hands, compared to its average volume of 1,203,355. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 1.13. The business’s 50-day moving average price is $186.59 and its two-hundred day moving average price is $169.85. Republic Services, Inc. has a 1 year low of $135.33 and a 1 year high of $192.99. The stock has a market capitalization of $60.47 billion, a P/E ratio of 34.85, a P/E/G ratio of 3.35 and a beta of 0.68.

Republic Services (NYSE:RSG) last posted its quarterly earnings results on Tuesday, February 27th. The business services provider reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.13. The firm had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.73 billion. Republic Services had a return on equity of 17.32% and a net margin of 11.57%. Republic Services’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.13 EPS. Analysts predict that Republic Services, Inc. will post 6.01 earnings per share for the current year.

Republic Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Tuesday, April 2nd were issued a dividend of $0.535 per share. The ex-dividend date of this dividend was Monday, April 1st. This represents a $2.14 annualized dividend and a dividend yield of 1.11%. Republic Services’s payout ratio is 39.12%.

Analyst Ratings Changes

A number of brokerages have issued reports on RSG. Jefferies Financial Group raised their price target on shares of Republic Services from $213.00 to $225.00 and gave the stock a “buy” rating in a report on Monday, March 18th. BMO Capital Markets upped their price target on Republic Services from $173.00 to $195.00 and gave the company a “market perform” rating in a research report on Wednesday, February 28th. Truist Financial lifted their price objective on Republic Services from $175.00 to $192.00 and gave the stock a “hold” rating in a research report on Wednesday, February 28th. UBS Group lowered Republic Services from a “buy” rating to a “neutral” rating and raised their price target for the stock from $175.00 to $195.00 in a research note on Thursday, February 29th. Finally, Oppenheimer boosted their price objective on shares of Republic Services from $182.00 to $195.00 and gave the company an “outperform” rating in a research report on Wednesday, February 28th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Republic Services currently has an average rating of “Moderate Buy” and an average price target of $199.77.

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.