Good Life Advisors LLC Buys 132 Shares of Republic Services, Inc. (NYSE:RSG)

Good Life Advisors LLC boosted its stake in shares of Republic Services, Inc. (NYSE:RSG) by 12.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,207 shares of the business services provider’s stock after purchasing an additional 132 shares during the quarter. Good Life Advisors LLC’s holdings in Republic Services were worth $242,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in RSG. State Board of Administration of Florida Retirement System boosted its position in shares of Republic Services by 8.8% in the first quarter. State Board of Administration of Florida Retirement System now owns 239,031 shares of the business services provider’s stock valued at $45,760,000 after acquiring an additional 19,414 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Republic Services by 32.8% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 94,296 shares of the business services provider’s stock valued at $18,052,000 after acquiring an additional 23,306 shares during the period. PGGM Investments boosted its position in shares of Republic Services by 264.3% in the second quarter. PGGM Investments now owns 8,842 shares of the business services provider’s stock valued at $1,718,000 after acquiring an additional 6,415 shares during the period. Forsta AP Fonden boosted its position in shares of Republic Services by 11.7% in the first quarter. Forsta AP Fonden now owns 45,000 shares of the business services provider’s stock valued at $8,615,000 after acquiring an additional 4,700 shares during the period. Finally, Vanguard Group Inc. boosted its position in shares of Republic Services by 0.6% in the first quarter. Vanguard Group Inc. now owns 18,254,878 shares of the business services provider’s stock valued at $3,494,714,000 after acquiring an additional 101,518 shares during the period. Institutional investors own 57.73% of the company’s stock.

Republic Services Stock Performance

Shares of NYSE:RSG opened at $204.80 on Monday. Republic Services, Inc. has a twelve month low of $142.65 and a twelve month high of $208.69. The firm has a market cap 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 quick ratio of 0.59 and a current ratio of 0.59. The business has a fifty day moving average of $203.92 and a 200-day moving average of $195.94.

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

Republic Services Increases Dividend

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

Insider Activity at Republic Services

In related news, Director Tomago Collins sold 3,200 shares of the firm’s 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 owns 17,486 shares in the company, valued at $3,549,832.86. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.09% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on RSG shares. TD Cowen increased their price objective on Republic Services from $195.00 to $200.00 and gave the company a “hold” rating in a research report on Monday, August 5th. Royal Bank of Canada upped their target price on Republic Services from $201.00 to $211.00 and gave the company a “sector perform” rating 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 research note on Thursday, July 25th. Truist Financial upgraded Republic Services from a “hold” rating to a “buy” rating and upped their target price for the company from $192.00 to $220.00 in a research note on Thursday, July 11th. Finally, Scotiabank began coverage on Republic Services in a research note on Friday, October 4th. They issued a “sector perform” rating and a $224.00 target price for the company. Nine investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price 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.