Garner Asset Management Corp Purchases 227 Shares of Republic Services, Inc. (NYSE:RSG)

Garner Asset Management Corp raised its position in Republic Services, Inc. (NYSE:RSG) by 5.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,407 shares of the business services provider’s stock after purchasing an additional 227 shares during the period. Garner Asset Management Corp’s holdings in Republic Services were worth $885,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Simmons Bank boosted its holdings in Republic Services by 2.8% in the 3rd quarter. Simmons Bank now owns 1,895 shares of the business services provider’s stock valued at $381,000 after purchasing an additional 51 shares during the period. RFG Advisory LLC boosted its holdings in Republic Services by 0.5% in the 2nd quarter. RFG Advisory LLC now owns 10,603 shares of the business services provider’s stock valued at $2,061,000 after purchasing an additional 53 shares during the period. Commerzbank Aktiengesellschaft FI lifted its holdings in shares of Republic Services by 2.9% during the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 1,860 shares of the business services provider’s stock worth $362,000 after acquiring an additional 53 shares during the last quarter. Venturi Wealth Management LLC lifted its holdings in shares of Republic Services by 16.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 382 shares of the business services provider’s stock worth $77,000 after acquiring an additional 54 shares during the last quarter. Finally, Hexagon Capital Partners LLC lifted its holdings in shares of Republic Services by 4.0% during the 2nd quarter. Hexagon Capital Partners LLC now owns 1,433 shares of the business services provider’s stock worth $278,000 after acquiring an additional 55 shares during the last quarter. 57.73% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Republic Services Trading Up 1.3 %

NYSE RSG opened at $216.79 on Friday. Republic Services, Inc. has a fifty-two week low of $159.10 and a fifty-two week high of $216.86. 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 50 day simple moving average of $204.56 and a two-hundred day simple moving average of $198.93. The stock has a market cap of $67.89 billion, a P/E ratio of 34.69, a price-to-earnings-growth ratio of 3.27 and a beta of 0.70.

Republic Services (NYSE:RSG) last released its quarterly earnings data 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. Republic Services had a return on equity of 18.18% and a net margin of 12.46%. The business had revenue of $4.08 billion during the quarter, compared to analysts’ expectations of $4.12 billion. During the same quarter last year, the business posted $1.54 EPS. The business’s revenue was up 6.5% on a year-over-year basis. On average, analysts forecast that Republic Services, Inc. will post 6.24 earnings per share for the current year.

Republic Services Announces Dividend

The firm also recently disclosed 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 dividend payout ratio (DPR) is currently 37.12%.

Insiders Place Their Bets

In other news, CFO Brian M. Delghiaccio sold 5,071 shares of the firm’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 completion of the transaction, the chief financial officer now owns 6,318 shares in the company, valued at $1,326,906.36. This trade represents a 44.53 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.09% of the company’s stock.

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.