New York State Teachers Retirement System Sells 6,075 Shares of Republic Services, Inc. (NYSE:RSG)

New York State Teachers Retirement System lessened its holdings in Republic Services, Inc. (NYSE:RSG) by 3.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 159,889 shares of the business services provider’s stock after selling 6,075 shares during the quarter. New York State Teachers Retirement System owned 0.05% of Republic Services worth $32,112,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. Childress Capital Advisors LLC grew its stake in Republic Services by 10.4% in the 3rd quarter. Childress Capital Advisors LLC now owns 1,150 shares of the business services provider’s stock valued at $231,000 after purchasing an additional 108 shares during the period. Fidelis Capital Partners LLC grew its stake in Republic Services by 3.8% in the 3rd quarter. Fidelis Capital Partners LLC now owns 1,520 shares of the business services provider’s stock valued at $310,000 after purchasing an additional 55 shares during the period. Autumn Glory Partners LLC grew its stake in Republic Services by 100.0% in the 3rd quarter. Autumn Glory Partners LLC now owns 3,310 shares of the business services provider’s stock valued at $665,000 after purchasing an additional 1,655 shares during the period. First American Bank grew its stake in Republic Services by 0.6% in the 3rd quarter. First American Bank now owns 32,946 shares of the business services provider’s stock valued at $6,617,000 after purchasing an additional 189 shares during the period. Finally, State of Alaska Department of Revenue grew its stake in Republic Services by 6.5% in the 3rd quarter. State of Alaska Department of Revenue now owns 23,710 shares of the business services provider’s stock valued at $4,761,000 after purchasing an additional 1,450 shares during the period. Institutional investors own 57.73% of the company’s stock.

Republic Services Price Performance

Shares of Republic Services stock opened at $198.00 on Friday. 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 business’s 50 day simple moving average is $203.59 and its two-hundred day simple moving average is $196.66. The stock has a market capitalization of $62.19 billion, a P/E ratio of 31.68, a price-to-earnings-growth ratio of 3.21 and a beta of 0.69. Republic Services, Inc. has a one year low of $146.82 and a one year high of $208.69.

Republic Services (NYSE:RSG) last posted its earnings results on Tuesday, October 29th. The business services provider reported $1.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.19. Republic Services had a return on equity of 17.81% and a net margin of 12.11%. The firm had revenue of $4.08 billion for the quarter, compared to analysts’ expectations of $4.12 billion. During the same period in the previous year, the firm earned $1.54 earnings per share. The business’s revenue was up 6.5% compared to the same quarter last year. Analysts forecast that Republic Services, Inc. will post 6.18 EPS for the current year.

Republic Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd will be paid a dividend of $0.58 per share. The ex-dividend date is Thursday, January 2nd. This represents a $2.32 annualized dividend and a dividend yield of 1.17%. Republic Services’s dividend payout ratio (DPR) is presently 37.12%.

Insider Activity

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 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.09% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on RSG shares. Scotiabank started coverage on Republic Services in a research note on Friday, October 4th. They set a “sector perform” rating and a $224.00 price target for the company. CIBC increased their price target on Republic Services from $208.00 to $217.00 and gave the stock a “neutral” rating in a research note on Wednesday. Morgan Stanley increased their price target on Republic Services from $208.00 to $217.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Raymond James cut their price target on Republic Services from $219.00 to $214.00 and set an “outperform” rating for the company in a research note on Thursday, July 25th. Finally, Oppenheimer increased their price target on Republic Services from $219.00 to $220.00 and gave the stock an “outperform” rating in a research note on Wednesday. Nine investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $215.71.

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.