Glenmede Trust Co. NA Boosts Holdings in Republic Services, Inc. (NYSE:RSG)

Glenmede Trust Co. NA boosted its position in Republic Services, Inc. (NYSE:RSG) by 3.2% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 9,832 shares of the business services provider’s stock after purchasing an additional 307 shares during the quarter. Glenmede Trust Co. NA’s holdings in Republic Services were worth $1,975,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Atria Investments Inc bought a new position in shares of Republic Services in the 1st quarter worth $1,068,000. Cetera Investment Advisers increased its holdings in shares of Republic Services by 179.3% in the 1st quarter. Cetera Investment Advisers now owns 67,652 shares of the business services provider’s stock worth $12,951,000 after buying an additional 43,432 shares during the last quarter. Cetera Advisors LLC increased its holdings in shares of Republic Services by 92.7% in the 1st quarter. Cetera Advisors LLC now owns 17,351 shares of the business services provider’s stock worth $3,322,000 after buying an additional 8,348 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Republic Services by 61.1% in the 2nd quarter. GAMMA Investing LLC now owns 3,359 shares of the business services provider’s stock worth $653,000 after buying an additional 1,274 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV increased its holdings in shares of Republic Services by 12.6% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 672 shares of the business services provider’s stock worth $131,000 after buying an additional 75 shares during the last quarter. 57.73% of the stock is currently owned by hedge funds and other institutional investors.

Republic Services Trading Up 0.0 %

NYSE:RSG opened at $218.30 on Monday. The company has a 50-day moving average price of $206.22 and a 200-day moving average price of $200.08. Republic Services, Inc. has a 12 month low of $159.38 and a 12 month high of $220.58. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.07. The stock has a market cap of $68.36 billion, a price-to-earnings ratio of 34.93, a P/E/G ratio of 3.34 and a beta of 0.70.

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

Republic Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be given a dividend of $0.58 per share. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $2.32 dividend on an annualized basis and a yield of 1.06%. Republic Services’s dividend payout ratio (DPR) is currently 37.12%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Oppenheimer increased their price target on shares of Republic Services from $219.00 to $220.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Morgan Stanley increased their target price on shares of Republic Services from $208.00 to $217.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. CIBC increased their target price on shares of Republic Services from $208.00 to $217.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Truist Financial increased their target price on shares of Republic Services from $220.00 to $244.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Finally, William Blair started coverage on shares of Republic Services in a report on Thursday, October 3rd. They set an “outperform” rating on the stock. Nine research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, Republic Services has a consensus rating of “Moderate Buy” and a consensus target price of $215.71.

Insider Activity at Republic Services

In related news, CFO Brian M. Delghiaccio sold 5,071 shares of Republic Services stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $210.02, for a total transaction of $1,065,011.42. Following the completion of the transaction, the chief financial officer now directly owns 6,318 shares of the company’s stock, valued at $1,326,906.36. This trade represents a 44.53 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.09% of the stock is currently owned by corporate insiders.

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.