Republic Services, Inc. (NYSE:RSG) Shares Bought by Sigma Planning Corp

Sigma Planning Corp increased its holdings in Republic Services, Inc. (NYSE:RSG) by 34.9% during the 3rd quarter, HoldingsChannel reports. The fund owned 5,270 shares of the business services provider’s stock after acquiring an additional 1,364 shares during the quarter. Sigma Planning Corp’s holdings in Republic Services were worth $1,058,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Mesirow Financial Investment Management Inc. bought a new stake in shares of Republic Services in the 3rd quarter worth about $273,000. Atria Investments Inc grew its stake in Republic Services by 7.8% in the third quarter. Atria Investments Inc now owns 12,179 shares of the business services provider’s stock worth $2,446,000 after purchasing an additional 881 shares in the last quarter. Assetmark Inc. increased its holdings in Republic Services by 8.2% in the third quarter. Assetmark Inc. now owns 18,319 shares of the business services provider’s stock valued at $3,679,000 after buying an additional 1,394 shares during the last quarter. Villere ST Denis J & Co. LLC lifted its holdings in Republic Services by 1.5% during the 3rd quarter. Villere ST Denis J & Co. LLC now owns 63,882 shares of the business services provider’s stock worth $12,830,000 after buying an additional 960 shares during the last quarter. Finally, CWA Asset Management Group LLC bought a new stake in shares of Republic Services in the 3rd quarter valued at approximately $345,000. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Analyst Upgrades and Downgrades

RSG has been the subject of a number of research reports. William Blair began coverage on shares of Republic Services in a report on Thursday, October 3rd. They issued an “outperform” rating for the company. StockNews.com downgraded shares of Republic Services from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 1st. Truist Financial raised their target price on shares of Republic Services from $220.00 to $244.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Morgan Stanley upped their target price on Republic Services from $208.00 to $217.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. Finally, CIBC raised their price target on Republic Services from $208.00 to $217.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Nine investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, Republic Services has an average rating of “Moderate Buy” and an average price target of $215.71.

Insider Activity

In related news, Director Tomago Collins sold 3,200 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $203.01, for a total value of $649,632.00. Following the sale, the director now directly owns 17,486 shares in the company, 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 Securities & Exchange Commission, which is available through this link. Insiders own 0.09% of the company’s stock.

Republic Services Stock Performance

RSG stock opened at $214.66 on Thursday. The company has a 50-day simple moving average of $203.52 and a 200 day simple moving average of $197.67. The company has a market capitalization of $67.22 billion, a P/E ratio of 34.35, a PEG ratio of 3.25 and a beta of 0.70. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.07. Republic Services, Inc. has a fifty-two week low of $156.83 and a fifty-two week high of $216.18.

Republic Services (NYSE:RSG) last released its earnings results on Tuesday, October 29th. The business services provider reported $1.81 earnings per share for the quarter, topping analysts’ consensus estimates of $1.61 by $0.20. Republic Services had a return on equity of 18.18% and a net margin of 12.46%. The firm had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $4.12 billion. During the same period in the prior year, the firm posted $1.54 earnings per share. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. Sell-side analysts predict that Republic Services, Inc. will post 6.24 earnings per share for the current fiscal year.

Republic Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd will be given a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 1.08%. The ex-dividend date of this dividend is Thursday, January 2nd. Republic Services’s dividend payout ratio (DPR) is presently 37.12%.

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.