Louisiana State Employees Retirement System Sells 100 Shares of Republic Services, Inc. (NYSE:RSG)

Louisiana State Employees Retirement System reduced its holdings in Republic Services, Inc. (NYSE:RSG) by 0.9% in the 3rd quarter, Holdings Channel reports. The fund owned 11,500 shares of the business services provider’s stock after selling 100 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Republic Services were worth $2,310,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. RFG Advisory LLC increased its holdings in shares of Republic Services by 0.5% in the second quarter. RFG Advisory LLC now owns 10,603 shares of the business services provider’s stock worth $2,061,000 after acquiring an additional 53 shares in the last quarter. Commerzbank Aktiengesellschaft FI grew its holdings in shares of Republic Services by 2.9% during the second quarter. Commerzbank Aktiengesellschaft FI now owns 1,860 shares of the business services provider’s stock worth $362,000 after buying an additional 53 shares in the last quarter. Capital Advisors Ltd. LLC grew its holdings in shares of Republic Services by 2.9% during the first 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 in the last quarter. Hexagon Capital Partners LLC grew its holdings in shares of Republic Services by 4.0% during the second quarter. Hexagon Capital Partners LLC now owns 1,433 shares of the business services provider’s stock worth $278,000 after buying an additional 55 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in shares of Republic Services by 1.2% during the second quarter. Assenagon Asset Management S.A. now owns 4,917 shares of the business services provider’s stock worth $956,000 after buying an additional 57 shares in the last quarter. 57.73% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Raymond James decreased 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. Stifel Nicolaus increased their price objective on Republic Services from $215.00 to $230.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. CIBC increased their price objective on Republic Services from $196.00 to $208.00 and gave the stock a “neutral” rating in a report on Thursday, July 25th. Oppenheimer increased their price target on Republic Services from $210.00 to $219.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. Finally, TD Cowen increased their price target on Republic Services from $195.00 to $200.00 and gave the company a “hold” rating in a research report on Monday, August 5th. Nine equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $212.18.

Republic Services Stock Performance

RSG opened at $200.42 on Tuesday. Republic Services, Inc. has a 12-month low of $146.15 and a 12-month high of $208.69. The stock has a market cap of $62.95 billion, a price-to-earnings ratio of 33.57, a PEG ratio of 3.21 and a beta of 0.69. The business has a 50 day moving average of $203.93 and a 200-day moving average of $196.52. 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 Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be issued 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 payout ratio is currently 38.86%.

Insider Buying and Selling

In related news, Director Tomago Collins sold 3,200 shares of Republic Services 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 completion of the sale, the director now directly owns 17,486 shares of the company’s stock, valued at approximately $3,549,832.86. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.09% of the stock is currently owned by 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.