Charles Schwab Investment Management Inc. Buys 8,283 Shares of Republic Services, Inc. (NYSE:RSG)

Charles Schwab Investment Management Inc. grew its stake in shares of Republic Services, Inc. (NYSE:RSG) by 0.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,237,525 shares of the business services provider’s stock after acquiring an additional 8,283 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Republic Services were worth $248,545,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Assenagon Asset Management S.A. raised its position in Republic Services by 15.2% during the 3rd quarter. Assenagon Asset Management S.A. now owns 5,663 shares of the business services provider’s stock valued at $1,137,000 after purchasing an additional 746 shares in the last quarter. Lifeworks Advisors LLC increased its stake in shares of Republic Services by 1,112.3% during the third quarter. Lifeworks Advisors LLC now owns 21,469 shares of the business services provider’s stock valued at $4,312,000 after buying an additional 19,698 shares during the period. PGGM Investments raised its holdings 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 acquiring an additional 6,415 shares in the last quarter. YCG LLC grew its holdings in Republic Services by 2.2% during the 3rd quarter. YCG LLC now owns 208,232 shares of the business services provider’s stock worth $41,821,000 after acquiring an additional 4,428 shares in the last quarter. Finally, AXA S.A. increased its position in Republic Services by 1.8% during the 2nd quarter. AXA S.A. now owns 640,563 shares of the business services provider’s stock valued at $124,487,000 after purchasing an additional 11,408 shares during the period. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Insider Buying and Selling at Republic Services

In other Republic Services news, CFO Brian M. Delghiaccio sold 5,071 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $210.02, for a total value of $1,065,011.42. Following the sale, the chief financial officer now owns 6,318 shares in the company, valued at approximately $1,326,906.36. This represents a 44.53 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.09% of the company’s stock.

Analysts Set New Price Targets

RSG has been the subject of several research reports. 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 price target for the company. TD Cowen lifted their price target on Republic Services from $195.00 to $200.00 and gave the company a “hold” rating in a report on Monday, August 5th. Morgan Stanley upped their price objective on Republic Services from $208.00 to $217.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. William Blair assumed coverage on Republic Services in a research note on Thursday, October 3rd. They issued an “outperform” rating on the stock. Finally, StockNews.com lowered shares of Republic Services from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 1st. Nine equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $215.71.

Republic Services Stock Performance

Shares of RSG opened at $216.79 on Friday. The stock has a 50-day moving average of $204.56 and a two-hundred day moving average of $198.86. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.64 and a current ratio of 0.64. The stock has a market cap of $67.89 billion, a P/E ratio of 34.69, a P/E/G ratio of 3.27 and a beta of 0.70. Republic Services, Inc. has a one year low of $159.10 and a one year high of $216.86.

Republic Services (NYSE:RSG) last issued its quarterly earnings results on Tuesday, October 29th. The business services provider reported $1.81 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.20. The company had revenue of $4.08 billion for the quarter, compared to the consensus estimate of $4.12 billion. Republic Services had a net margin of 12.46% and a return on equity of 18.18%. Republic Services’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.54 EPS. As a group, research analysts predict that Republic Services, Inc. will post 6.24 EPS for the current year.

Republic Services Dividend Announcement

The firm also recently declared 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 annualized dividend and a yield of 1.07%. The ex-dividend date of this dividend is Thursday, January 2nd. Republic Services’s payout ratio is 37.12%.

Republic Services Company 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.