GSA Capital Partners LLP Boosts Stock Holdings in Republic Services, Inc. (NYSE:RSG)

GSA Capital Partners LLP increased its stake in Republic Services, Inc. (NYSE:RSG) by 80.7% in the third quarter, HoldingsChannel reports. The fund owned 4,103 shares of the business services provider’s stock after purchasing an additional 1,833 shares during the period. GSA Capital Partners LLP’s holdings in Republic Services were worth $824,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Republic Services by 0.6% during 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 purchasing an additional 101,518 shares during the period. TIAA Trust National Association increased its position in shares of Republic Services by 3.3% in the first quarter. TIAA Trust National Association now owns 2,917 shares of the business services provider’s stock valued at $558,000 after acquiring an additional 92 shares during the period. Ontario Teachers Pension Plan Board raised its stake in shares of Republic Services by 33.5% during the first quarter. Ontario Teachers Pension Plan Board now owns 7,840 shares of the business services provider’s stock valued at $1,501,000 after acquiring an additional 1,968 shares during the last quarter. Cynosure Group LLC purchased a new stake in shares of Republic Services during the first quarter worth about $413,000. Finally, Penobscot Investment Management Company Inc. increased its holdings in Republic Services by 28.4% during the 1st quarter. Penobscot Investment Management Company Inc. now owns 9,555 shares of the business services provider’s stock valued at $1,829,000 after purchasing an additional 2,115 shares during the period. 57.73% of the stock is currently owned by hedge funds and other institutional investors.

Republic Services Trading Down 0.7 %

NYSE RSG opened at $208.04 on Friday. The stock has a market cap of $65.15 billion, a P/E ratio of 33.29, a P/E/G ratio of 3.28 and a beta of 0.70. Republic Services, Inc. has a 12 month low of $157.46 and a 12 month high of $216.18. 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’s fifty day moving average price is $203.84 and its 200-day moving average price is $197.97.

Republic Services (NYSE:RSG) last announced its quarterly earnings results on Tuesday, October 29th. The business services provider reported $1.81 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to the consensus estimate of $4.12 billion. During the same period in the prior year, the company posted $1.54 earnings per share. The company’s quarterly revenue was up 6.5% on a year-over-year basis. As a group, equities analysts forecast that Republic Services, Inc. will post 6.24 EPS for the current fiscal year.

Republic Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd will be paid a $0.58 dividend. The ex-dividend date is Thursday, January 2nd. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.12%. Republic Services’s dividend payout ratio is presently 37.12%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. BMO Capital Markets lifted their price objective on Republic Services from $209.00 to $211.00 and gave the stock a “market perform” rating in a research report on Thursday, July 25th. TD Cowen boosted their price objective on shares of Republic Services from $195.00 to $200.00 and gave the company a “hold” rating in a research report on Monday, August 5th. Scotiabank started coverage on shares of Republic Services in a research report on Friday, October 4th. They issued a “sector perform” rating and a $224.00 target price for the company. CIBC boosted their price target on shares of Republic Services from $208.00 to $217.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Finally, Raymond James lowered their price objective on shares of Republic Services from $219.00 to $214.00 and set an “outperform” rating for the company in a report on Thursday, July 25th. Nine analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Republic Services presently has an average rating of “Moderate Buy” and an average target price of $215.71.

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.