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

Bfsg LLC cut its position in Republic Services, Inc. (NYSE:RSG) by 14.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,095 shares of the business services provider’s stock after selling 685 shares during the period. Bfsg LLC’s holdings in Republic Services were worth $822,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in RSG. Wolff Wiese Magana LLC boosted its stake in Republic Services by 351.6% during the 3rd quarter. Wolff Wiese Magana LLC now owns 140 shares of the business services provider’s stock worth $28,000 after purchasing an additional 109 shares during the last quarter. EntryPoint Capital LLC purchased a new position in Republic Services in the 1st quarter worth approximately $29,000. Webster Bank N. A. acquired a new position in shares of Republic Services during the 3rd quarter worth approximately $31,000. Itau Unibanco Holding S.A. purchased a new stake in shares of Republic Services in the second quarter valued at approximately $36,000. Finally, Indiana Trust & Investment Management CO purchased a new position in Republic Services during the second quarter worth approximately $45,000. 57.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on RSG. Raymond James dropped their target price on Republic Services from $219.00 to $214.00 and set an “outperform” rating for the company in a report on Thursday, July 25th. BMO Capital Markets lifted their target price on shares of Republic Services from $209.00 to $211.00 and gave the stock a “market perform” rating in a research note on Thursday, July 25th. Stifel Nicolaus raised their price target on shares of Republic Services from $215.00 to $230.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Truist Financial upgraded Republic Services from a “hold” rating to a “buy” rating and upped their price objective for the company from $192.00 to $220.00 in a report on Thursday, July 11th. Finally, William Blair initiated coverage on Republic Services in a research report on Thursday, October 3rd. They issued an “outperform” rating on the stock. Nine investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $211.65.

Republic Services Stock Up 0.0 %

Republic Services stock opened at $205.62 on Friday. The firm has a market capitalization of $64.58 billion, a P/E ratio of 34.44, a P/E/G ratio of 3.30 and a beta of 0.69. The stock’s fifty day simple moving average is $203.85 and its 200-day simple moving average is $195.74. Republic Services, Inc. has a twelve month low of $142.65 and a twelve month high of $208.69. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.05.

Republic Services (NYSE:RSG) last announced its quarterly earnings data on Wednesday, July 24th. The business services provider reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.08. Republic Services had a return on equity of 17.81% and a net margin of 12.11%. The business had revenue of $4.05 billion during the quarter, compared to analysts’ expectations of $4.03 billion. As a group, equities analysts expect that Republic Services, Inc. will post 6.18 earnings per share for the current fiscal year.

Republic Services Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Wednesday, October 2nd were given a $0.58 dividend. The ex-dividend date was Wednesday, October 2nd. This is an increase from Republic Services’s previous quarterly dividend of $0.54. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.13%. Republic Services’s dividend payout ratio is currently 38.86%.

Insider Transactions at Republic Services

In related news, Director Tomago Collins sold 3,200 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of $203.01, for a total value of $649,632.00. Following the transaction, the director now owns 17,486 shares of the company’s stock, valued at $3,549,832.86. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.09% of the company’s stock.

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.