IQ EQ FUND MANAGEMENT IRELAND Ltd Has $3.89 Million Holdings in Republic Services, Inc. (NYSE:RSG)

IQ EQ FUND MANAGEMENT IRELAND Ltd lessened its holdings in Republic Services, Inc. (NYSE:RSG) by 5.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,346 shares of the business services provider’s stock after selling 1,113 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Republic Services were worth $3,885,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. EntryPoint Capital LLC acquired a new stake in shares of Republic Services in the 1st quarter worth about $29,000. Webster Bank N. A. purchased a new stake in shares of Republic Services in the third quarter valued at about $31,000. Itau Unibanco Holding S.A. bought a new position in shares of Republic Services during the second quarter valued at about $36,000. Indiana Trust & Investment Management CO purchased a new position in Republic Services during the second quarter worth about $45,000. Finally, Strategic Investment Solutions Inc. IL bought a new stake in Republic Services in the 2nd quarter worth about $49,000. Institutional investors and hedge funds own 57.73% of the company’s stock.

Wall Street Analyst Weigh In

RSG has been the topic of a number of research analyst reports. Scotiabank assumed coverage on Republic Services in a research note on Friday, October 4th. They issued a “sector perform” rating and a $224.00 target price on the stock. Oppenheimer cut their price objective on Republic Services from $211.00 to $210.00 and set an “outperform” rating on the stock in a research report on Thursday, July 25th. Truist Financial upgraded Republic Services from a “hold” rating to a “buy” rating and lifted their target price for the stock from $192.00 to $220.00 in a research note on Thursday, July 11th. Robert W. Baird increased their price target on shares of Republic Services from $208.00 to $210.00 and gave the company a “neutral” rating in a research report on Thursday, July 25th. Finally, BMO Capital Markets lifted their price objective on shares of Republic Services from $209.00 to $211.00 and gave the stock a “market perform” rating in a research report on Thursday, July 25th. Ten research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, Republic Services currently has an average rating of “Moderate Buy” and an average price target of $211.65.

Republic Services Stock Performance

NYSE:RSG opened at $205.55 on Thursday. Republic Services, Inc. has a 52-week low of $142.65 and a 52-week high of $208.69. The business’s fifty day moving average is $203.77 and its 200 day moving average is $195.67. 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 firm has a market cap of $64.73 billion, a price-to-earnings ratio of 36.06, a PEG ratio of 3.26 and a beta of 0.69.

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

Republic Services Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Wednesday, October 2nd were given a dividend of $0.58 per share. This is a positive change from Republic Services’s previous quarterly dividend of $0.54. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date of this dividend was Wednesday, October 2nd. Republic Services’s payout ratio is 40.70%.

Insider Transactions at Republic Services

In related news, Director Tomago Collins sold 3,200 shares of Republic Services stock in a transaction 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 completion of the sale, the director now owns 17,486 shares of the company’s stock, valued at approximately $3,549,832.86. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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.