Dynamic Technology Lab Private Ltd Cuts Stock Holdings in Republic Services, Inc. (NYSE:RSG)

Dynamic Technology Lab Private Ltd lowered its holdings in Republic Services, Inc. (NYSE:RSG) by 0.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,989 shares of the business services provider’s stock after selling 51 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Republic Services were worth $2,006,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Wolff Wiese Magana LLC raised its stake in shares of Republic Services by 351.6% in the third 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 period. EntryPoint Capital LLC purchased a new position in Republic Services during the first quarter valued at $29,000. Webster Bank N. A. bought a new stake in shares of Republic Services in the third quarter worth about $31,000. Itau Unibanco Holding S.A. purchased a new position in shares of Republic Services in the second quarter valued at $36,000. Finally, Ashton Thomas Securities LLC bought a new position in shares of Republic Services in the 3rd quarter valued at about $39,000. Institutional investors own 57.73% of the company’s stock.

Republic Services Trading Up 0.5 %

NYSE:RSG opened at $217.83 on Tuesday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.64 and a current ratio of 0.64. Republic Services, Inc. has a 1 year low of $159.10 and a 1 year high of $218.90. The stock has a market capitalization of $68.21 billion, a price-to-earnings ratio of 34.85, a PEG ratio of 3.31 and a beta of 0.70. The stock has a fifty day moving average price of $204.81 and a two-hundred day moving average price of $199.22.

Republic Services (NYSE:RSG) last announced its earnings results on Tuesday, October 29th. The business services provider reported $1.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.61 by $0.20. The company had revenue of $4.08 billion during the quarter, compared to analysts’ expectations of $4.12 billion. Republic Services had a net margin of 12.46% and a return on equity of 18.18%. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.54 earnings per share. As a group, sell-side analysts anticipate that Republic Services, Inc. will post 6.24 earnings per share for the current fiscal year.

Republic Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors 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 yield of 1.07%. The ex-dividend date of this dividend is Thursday, January 2nd. Republic Services’s dividend payout ratio (DPR) is 37.12%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on RSG. Royal Bank of Canada boosted their target price on Republic Services from $211.00 to $219.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 30th. Oppenheimer increased their target price on shares of Republic Services from $219.00 to $220.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. CIBC boosted their price target on Republic Services from $208.00 to $217.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Morgan Stanley increased their target price on shares of Republic Services from $208.00 to $217.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Finally, William Blair assumed coverage on Republic Services in a research report on Thursday, October 3rd. They set an “outperform” rating on the stock. 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 presently has an average rating of “Moderate Buy” and a consensus target price of $215.71.

Insider Transactions at Republic Services

In other news, CFO Brian M. Delghiaccio sold 5,071 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $210.02, for a total transaction of $1,065,011.42. Following the completion of the transaction, the chief financial officer now directly 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 filing with the SEC, which can be accessed 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.