Republic Services, Inc. (NYSE:RSG) Shares Sold by Cyndeo Wealth Partners LLC

Cyndeo Wealth Partners LLC trimmed its position in Republic Services, Inc. (NYSE:RSG) by 32.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,858 shares of the business services provider’s stock after selling 7,173 shares during the period. Cyndeo Wealth Partners LLC’s holdings in Republic Services were worth $2,984,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Wolff Wiese Magana LLC raised its stake in shares of 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 buying an additional 109 shares in the last quarter. EntryPoint Capital LLC acquired a new position in Republic Services during the first quarter worth $29,000. Webster Bank N. A. purchased a new position in Republic Services in the third quarter worth $31,000. Itau Unibanco Holding S.A. acquired a new stake in Republic Services in the second quarter valued at $36,000. Finally, Indiana Trust & Investment Management CO purchased a new stake in shares of Republic Services during the 2nd quarter worth $45,000. 57.73% of the stock is owned by institutional investors and hedge funds.

Republic Services Price Performance

Shares of NYSE:RSG opened at $204.80 on Monday. The business has a fifty day simple moving average of $203.92 and a 200-day simple moving average of $195.94. Republic Services, Inc. has a 52 week low of $142.65 and a 52 week high of $208.69. The company has a market cap of $64.50 billion, a P/E ratio of 35.93, a P/E/G ratio of 3.30 and a beta of 0.69. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.05.

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

Republic Services Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Wednesday, October 2nd were given a $0.58 dividend. This is a positive change from Republic Services’s previous quarterly dividend of $0.54. This represents a $2.32 annualized dividend and a dividend yield of 1.13%. The ex-dividend date was Wednesday, October 2nd. Republic Services’s dividend payout ratio (DPR) is 40.70%.

Insider Buying and Selling at Republic Services

In other news, Director Tomago Collins sold 3,200 shares of Republic Services stock in a transaction dated 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 directly 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 transaction was disclosed in a document filed with the SEC, which is available at this link. 0.09% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

RSG has been the subject of several recent analyst reports. Robert W. Baird raised their price objective on shares of Republic Services from $208.00 to $210.00 and gave the company a “neutral” rating in a research note on Thursday, July 25th. Oppenheimer decreased their price target on Republic Services from $211.00 to $210.00 and set an “outperform” rating on the stock in a research note on Thursday, July 25th. Raymond James dropped their price objective on Republic Services from $219.00 to $214.00 and set an “outperform” rating for the company in a research note on Thursday, July 25th. CIBC upped their target price on Republic Services from $196.00 to $208.00 and gave the company a “neutral” rating in a report on Thursday, July 25th. Finally, William Blair assumed coverage on Republic Services in a research note on Thursday, October 3rd. They set an “outperform” rating for the company. Nine analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Republic Services has an average rating of “Moderate Buy” and an average price target of $211.65.

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.