Amalgamated Bank Has $8.66 Million Stake in Republic Services, Inc. (NYSE:RSG)

Amalgamated Bank increased its stake in Republic Services, Inc. (NYSE:RSG) by 4.2% in the 3rd quarter, Holdings Channel reports. The firm owned 43,137 shares of the business services provider’s stock after purchasing an additional 1,758 shares during the period. Amalgamated Bank’s holdings in Republic Services were worth $8,664,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in the stock. State Board of Administration of Florida Retirement System boosted its holdings in shares of Republic Services by 8.8% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 239,031 shares of the business services provider’s stock worth $45,760,000 after buying an additional 19,414 shares during the period. Assenagon Asset Management S.A. boosted its holdings in Republic Services by 15.2% during the third quarter. Assenagon Asset Management S.A. now owns 5,663 shares of the business services provider’s stock valued at $1,137,000 after acquiring an additional 746 shares during the period. PGGM Investments grew its position in shares of Republic Services by 264.3% in the second quarter. PGGM Investments now owns 8,842 shares of the business services provider’s stock valued at $1,718,000 after purchasing an additional 6,415 shares during the last quarter. Forsta AP Fonden increased its stake in shares of Republic Services by 11.7% in the first quarter. Forsta AP Fonden now owns 45,000 shares of the business services provider’s stock worth $8,615,000 after purchasing an additional 4,700 shares during the period. Finally, Vanguard Group Inc. lifted its position in shares of Republic Services by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 18,254,878 shares of the business services provider’s stock worth $3,494,714,000 after purchasing an additional 101,518 shares during the last quarter. Institutional investors own 57.73% of the company’s stock.

Republic Services Trading Up 2.4 %

RSG stock opened at $207.07 on Thursday. The business has a fifty day moving average of $203.21 and a 200-day moving average of $197.10. The company has a market cap of $64.84 billion, a P/E ratio of 33.13, a PEG ratio of 3.07 and a beta of 0.70. Republic Services, Inc. has a twelve month low of $154.49 and a twelve month high of $208.69. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.07.

Republic Services (NYSE:RSG) last released its 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 net margin of 12.46% and a return on equity of 18.18%. The company 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 EPS. The company’s revenue was up 6.5% compared to the same quarter last year. As a group, equities research analysts expect 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 given a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 1.12%. The ex-dividend date is Thursday, January 2nd. Republic Services’s payout ratio is 37.12%.

Analysts Set New Price Targets

RSG has been the topic of several recent analyst reports. William Blair assumed coverage on Republic Services in a research report on Thursday, October 3rd. They issued an “outperform” rating on the stock. Morgan Stanley boosted their target price on shares of Republic Services from $208.00 to $217.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Raymond James reduced their price target 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. Truist Financial boosted their price objective on shares of Republic Services from $220.00 to $244.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Finally, BMO Capital Markets increased their target price on shares of Republic Services from $209.00 to $211.00 and gave the company a “market perform” rating in a research note on Thursday, July 25th. Nine analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $215.71.

Insider Activity

In related news, Director Tomago Collins sold 3,200 shares of the company’s stock in a transaction dated Friday, August 16th. The stock was 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 represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.09% of the stock is currently owned by company 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.