Republic Services, Inc. (NYSE:RSG) Shares Bought by First American Bank

First American Bank increased its stake in Republic Services, Inc. (NYSE:RSG) by 0.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,946 shares of the business services provider’s stock after purchasing an additional 189 shares during the period. First American Bank’s holdings in Republic Services were worth $6,617,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. BKM Wealth Management LLC raised its position in Republic Services by 612.9% during the 1st quarter. BKM Wealth Management LLC now owns 1,604 shares of the business services provider’s stock worth $307,000 after buying an additional 1,379 shares during the last quarter. Capital Advisors Ltd. LLC raised its position in Republic Services by 2.9% during the 1st quarter. Capital Advisors Ltd. LLC now owns 1,903 shares of the business services provider’s stock worth $364,000 after buying an additional 54 shares during the last quarter. Buffington Mohr McNeal raised its position in Republic Services by 37.9% during the 1st quarter. Buffington Mohr McNeal now owns 33,020 shares of the business services provider’s stock worth $6,321,000 after buying an additional 9,071 shares during the last quarter. Silverlake Wealth Management LLC purchased a new position in Republic Services during the 1st quarter worth approximately $211,000. Finally, State of Alaska Department of Revenue raised its position in Republic Services by 0.5% during the 1st quarter. State of Alaska Department of Revenue now owns 22,190 shares of the business services provider’s stock worth $4,248,000 after buying an additional 100 shares during the last quarter. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Republic Services Trading Down 0.8 %

Shares of RSG opened at $199.83 on Monday. Republic Services, Inc. has a 52-week low of $145.32 and a 52-week high of $208.69. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.05. The firm’s fifty day moving average is $204.02 and its two-hundred day moving average is $196.44. The stock has a market cap of $62.93 billion, a PE ratio of 35.06, a price-to-earnings-growth ratio of 3.27 and a beta of 0.69.

Republic Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd will be paid a dividend of $0.58 per share. The ex-dividend date is Thursday, January 2nd. This represents a $2.32 annualized dividend and a yield of 1.16%. Republic Services’s dividend payout ratio (DPR) is presently 40.70%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. William Blair started coverage on shares of Republic Services in a research report on Thursday, October 3rd. They set an “outperform” rating for the company. CIBC lifted their target price on shares of Republic Services from $196.00 to $208.00 and gave the company a “neutral” rating in a report on Thursday, July 25th. Stifel Nicolaus lifted their target price on shares of Republic Services from $215.00 to $230.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Truist Financial raised shares of Republic Services from a “hold” rating to a “buy” rating and lifted their target price for the company from $192.00 to $220.00 in a report on Thursday, July 11th. Finally, StockNews.com lowered shares of Republic Services from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 1st. Nine research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $212.18.

Insiders Place Their Bets

In other Republic Services news, Director Tomago Collins sold 3,200 shares of Republic Services stock in a transaction on Friday, August 16th. The shares were sold at an average price of $203.01, for a total transaction of $649,632.00. Following the sale, the director now owns 17,486 shares of the company’s stock, valued at $3,549,832.86. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.09% of the stock is currently owned by corporate 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.