Republic Services, Inc. (NYSE:RSG) Holdings Raised by Great Valley Advisor Group Inc.

Great Valley Advisor Group Inc. boosted its stake in shares of Republic Services, Inc. (NYSE:RSG) by 25.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,058 shares of the business services provider’s stock after buying an additional 413 shares during the period. Great Valley Advisor Group Inc.’s holdings in Republic Services were worth $413,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC raised its holdings in shares of Republic Services by 2.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,520,738 shares of the business services provider’s stock valued at $506,265,000 after acquiring an additional 57,040 shares during the period. Legal & General Group Plc raised its stake in Republic Services by 5.4% during the 2nd quarter. Legal & General Group Plc now owns 1,808,580 shares of the business services provider’s stock valued at $351,480,000 after purchasing an additional 92,013 shares during the period. TD Asset Management Inc lifted its holdings in shares of Republic Services by 2.1% in the second quarter. TD Asset Management Inc now owns 1,757,757 shares of the business services provider’s stock valued at $341,602,000 after purchasing an additional 35,650 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Republic Services by 0.3% during the second quarter. Bank of New York Mellon Corp now owns 1,476,116 shares of the business services provider’s stock valued at $286,868,000 after buying an additional 3,809 shares in the last quarter. Finally, Earnest Partners LLC raised its position in Republic Services by 1.9% during the second quarter. Earnest Partners LLC now owns 1,286,053 shares of the business services provider’s stock valued at $249,932,000 after buying an additional 23,534 shares during the period. 57.73% of the stock is owned by hedge funds and other institutional investors.

Republic Services Trading Up 0.4 %

NYSE:RSG opened at $218.80 on Wednesday. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.07. The company’s 50 day moving average is $205.15 and its 200-day moving average is $199.43. The firm has a market cap of $68.52 billion, a price-to-earnings ratio of 35.01, a P/E/G ratio of 3.31 and a beta of 0.70. Republic Services, Inc. has a 12 month low of $159.10 and a 12 month high of $219.94.

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. The firm had revenue of $4.08 billion during the quarter, compared to analyst estimates of $4.12 billion. Republic Services had a net margin of 12.46% and a return on equity of 18.18%. The business’s revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.54 EPS. Equities analysts anticipate that Republic Services, Inc. will post 6.24 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. Shareholders of record on Thursday, January 2nd will be issued a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date of this dividend is Thursday, January 2nd. Republic Services’s dividend payout ratio (DPR) is currently 37.12%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Oppenheimer lifted their target price on Republic Services from $219.00 to $220.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Truist Financial boosted their price objective on shares of Republic Services from $220.00 to $244.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. William Blair started coverage on shares of Republic Services in a research report on Thursday, October 3rd. They issued an “outperform” rating for the company. Scotiabank started coverage on shares of Republic Services in a report on Friday, October 4th. They set a “sector perform” rating and a $224.00 price target on the stock. Finally, Morgan Stanley increased their price objective on Republic Services from $208.00 to $217.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Nine research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Republic Services has an average rating of “Moderate Buy” and a consensus price target of $215.71.

Insiders Place Their Bets

In related news, CFO Brian M. Delghiaccio sold 5,071 shares of the business’s stock in a transaction on 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 transaction, the chief financial officer now owns 6,318 shares of the company’s stock, valued at approximately $1,326,906.36. The trade was a 44.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.09% of the company’s stock.

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.