Republic Services, Inc. (NYSE:RSG) Stock Holdings Lifted by Border to Coast Pensions Partnership Ltd

Border to Coast Pensions Partnership Ltd lifted its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 4.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 160,644 shares of the business services provider’s stock after buying an additional 6,853 shares during the period. Border to Coast Pensions Partnership Ltd’s holdings in Republic Services were worth $32,170,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Wolff Wiese Magana LLC grew its stake in Republic Services by 351.6% during the 3rd quarter. Wolff Wiese Magana LLC now owns 140 shares of the business services provider’s stock worth $28,000 after buying an additional 109 shares during the last quarter. EntryPoint Capital LLC bought a new position in shares of Republic Services during the first quarter worth about $29,000. Webster Bank N. A. acquired a new stake in shares of Republic Services in the 3rd quarter worth about $31,000. Itau Unibanco Holding S.A. bought a new stake in Republic Services in the 2nd quarter valued at about $36,000. Finally, Indiana Trust & Investment Management CO acquired a new position in Republic Services during the 2nd quarter valued at about $45,000. Institutional investors own 57.73% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Raymond James dropped their price target on shares of Republic Services from $219.00 to $214.00 and set an “outperform” rating on the stock in a research note on Thursday, July 25th. Scotiabank started coverage on Republic Services in a research note on Friday, October 4th. They set a “sector perform” rating and a $224.00 target price on the stock. CIBC boosted their price target on Republic Services from $196.00 to $208.00 and gave the stock a “neutral” rating in a research report on Thursday, July 25th. BMO Capital Markets raised their price target on Republic Services from $209.00 to $211.00 and gave the company a “market perform” rating in a report on Thursday, July 25th. Finally, Stifel Nicolaus increased their target price on shares of Republic Services from $215.00 to $230.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Nine equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $212.18.

Republic Services Price Performance

Shares of RSG traded down $0.84 during trading hours on Monday, hitting $203.96. 231,311 shares of the company were exchanged, compared to its average volume of 1,137,645. 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 company has a market capitalization of $64.23 billion, a PE ratio of 35.62, a PEG ratio of 3.30 and a beta of 0.69. The firm has a fifty day simple moving average of $203.92 and a 200-day simple moving average of $195.94. Republic Services, Inc. has a one year low of $142.65 and a one year high of $208.69.

Republic Services (NYSE:RSG) last announced its quarterly earnings results on Wednesday, July 24th. The business services provider reported $1.61 EPS 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 company had revenue of $4.05 billion for the quarter, compared to the consensus estimate of $4.03 billion. As a group, sell-side analysts predict that Republic Services, Inc. will post 6.18 earnings per share for the current year.

Republic Services Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Wednesday, October 2nd were given a $0.58 dividend. This is an increase from Republic Services’s previous quarterly dividend of $0.54. This represents a $2.32 annualized dividend and a dividend yield of 1.14%. The ex-dividend date was Wednesday, October 2nd. Republic Services’s dividend payout ratio (DPR) is currently 40.70%.

Insider Buying and Selling

In related news, Director Tomago Collins sold 3,200 shares of the stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $203.01, for a total value of $649,632.00. Following the completion of the sale, the director now owns 17,486 shares in the company, 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 this hyperlink. 0.09% of the stock is owned by insiders.

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.