Republic Services, Inc. (NYSE:RSG) Shares Sold by Silvant Capital Management LLC

Silvant Capital Management LLC cut its stake in Republic Services, Inc. (NYSE:RSG) by 11.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,271 shares of the business services provider’s stock after selling 2,976 shares during the period. Silvant Capital Management LLC’s holdings in Republic Services were worth $4,674,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in RSG. State Board of Administration of Florida Retirement System increased its holdings in shares of Republic Services by 8.8% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 239,031 shares of the business services provider’s stock worth $45,760,000 after buying an additional 19,414 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Republic Services by 32.8% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 94,296 shares of the business services provider’s stock valued at $18,052,000 after purchasing an additional 23,306 shares during the last quarter. PGGM Investments grew its holdings in shares of Republic Services by 264.3% during the 2nd quarter. PGGM Investments now owns 8,842 shares of the business services provider’s stock worth $1,718,000 after purchasing an additional 6,415 shares during the period. Forsta AP Fonden raised its holdings in Republic Services by 11.7% in the 1st quarter. Forsta AP Fonden now owns 45,000 shares of the business services provider’s stock valued at $8,615,000 after buying an additional 4,700 shares during the period. Finally, Vanguard Group Inc. lifted its position in Republic Services by 0.6% in the first quarter. Vanguard Group Inc. now owns 18,254,878 shares of the business services provider’s stock valued at $3,494,714,000 after buying an additional 101,518 shares during the last quarter. Institutional investors and hedge funds own 57.73% of the company’s stock.

Republic Services Stock Up 0.3 %

RSG stock opened at $198.58 on Friday. Republic Services, Inc. has a 12 month low of $148.36 and a 12 month high of $208.69. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.64 and a quick ratio of 0.59. The company has a market cap of $62.19 billion, a price-to-earnings ratio of 31.77, a price-to-earnings-growth ratio of 3.04 and a beta of 0.70. The company has a fifty day moving average price of $203.43 and a 200 day moving average price of $196.74.

Republic Services (NYSE:RSG) last posted its quarterly earnings data on Tuesday, October 29th. The business services provider reported $1.81 earnings per share for the quarter, beating analysts’ consensus estimates of $1.61 by $0.20. The firm had revenue of $4.08 billion for the quarter, compared to analyst estimates of $4.12 billion. Republic Services had a net margin of 12.46% and a return on equity of 18.18%. Republic Services’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period last year, the firm posted $1.54 EPS. Sell-side analysts expect that Republic Services, Inc. will post 6.23 earnings per share for the current year.

Republic Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd will be issued a $0.58 dividend. The ex-dividend date is Thursday, January 2nd. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.17%. Republic Services’s dividend payout ratio is presently 37.12%.

Insider Activity at Republic Services

In other news, Director Tomago Collins sold 3,200 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The stock was 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.09% of the company’s stock.

Analyst Ratings Changes

RSG has been the topic of several recent analyst reports. Raymond James decreased their price objective on shares of Republic Services from $219.00 to $214.00 and set an “outperform” rating on the stock in a report on Thursday, July 25th. Robert W. Baird raised their price target on Republic Services from $208.00 to $210.00 and gave the stock a “neutral” rating in a research report on Thursday, July 25th. William Blair assumed coverage on Republic Services in a report on Thursday, October 3rd. They issued an “outperform” rating on the stock. Scotiabank began coverage on Republic Services in a report on Friday, October 4th. They set a “sector perform” rating and a $224.00 target price for the company. Finally, Truist Financial boosted their price target on shares of Republic Services from $220.00 to $244.00 and gave the stock a “buy” rating in a research note on Wednesday. Nine investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $215.71.

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.