Republic Services, Inc. (NYSE:RSG) Stock Position Raised by Blue Trust Inc.

Blue Trust Inc. boosted its position in shares of Republic Services, Inc. (NYSE:RSG) by 44.5% during the 3rd quarter, HoldingsChannel reports. The firm owned 4,679 shares of the business services provider’s stock after buying an additional 1,440 shares during the quarter. Blue Trust Inc.’s holdings in Republic Services were worth $909,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Worth Asset Management LLC purchased a new stake in Republic Services in the 1st quarter worth about $222,000. Quad Cities Investment Group LLC purchased a new stake in shares of Republic Services in the first quarter worth approximately $211,000. Chemistry Wealth Management LLC purchased a new position in Republic Services during the first quarter valued at approximately $209,000. Capital Insight Partners LLC lifted its position in Republic Services by 10.9% in the 1st quarter. Capital Insight Partners LLC now owns 22,136 shares of the business services provider’s stock worth $4,238,000 after buying an additional 2,175 shares in the last quarter. Finally, Kathmere Capital Management LLC boosted its stake in shares of Republic Services by 9.5% during the 1st quarter. Kathmere Capital Management LLC now owns 3,138 shares of the business services provider’s stock valued at $601,000 after buying an additional 272 shares during the period. 57.73% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Raymond James cut their price objective on Republic Services from $219.00 to $214.00 and set an “outperform” rating for the company in a report on Thursday, July 25th. StockNews.com lowered Republic Services from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 1st. William Blair assumed coverage on Republic Services in a report on Thursday, October 3rd. They issued an “outperform” rating on the stock. Truist Financial upgraded 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 research note on Thursday, July 11th. Finally, Stifel Nicolaus raised their price target 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. Nine analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $211.65.

Republic Services Trading Down 0.4 %

Shares of Republic Services stock opened at $204.80 on Monday. Republic Services, Inc. has a 52-week low of $142.65 and a 52-week high of $208.69. The firm has a market capitalization of $64.50 billion, a PE ratio of 35.93, a price-to-earnings-growth ratio of 3.30 and a beta of 0.69. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.59 and a quick ratio of 0.59. The company’s fifty day moving average price is $203.92 and its two-hundred day moving average price is $195.94.

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

Republic Services Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Wednesday, October 2nd were paid a dividend of $0.58 per share. This is a positive change from Republic Services’s previous quarterly dividend of $0.54. This represents a $2.32 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend was Wednesday, October 2nd. Republic Services’s dividend payout ratio is currently 40.70%.

Insider Activity

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

About Republic Services

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.