Republic Services, Inc. (NYSE:RSG) Shares Sold by Private Trust Co. NA

Private Trust Co. NA lessened its position in Republic Services, Inc. (NYSE:RSG) by 3.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,436 shares of the business services provider’s stock after selling 175 shares during the period. Private Trust Co. NA’s holdings in Republic Services were worth $1,092,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of RSG. Truvestments Capital LLC acquired a new position in shares of Republic Services during the third quarter worth approximately $34,000. DRW Securities LLC acquired a new position in Republic Services during the 3rd quarter worth $399,000. Prosperity Financial Group Inc. grew its stake in shares of Republic Services by 8.1% in the third quarter. Prosperity Financial Group Inc. now owns 3,538 shares of the business services provider’s stock worth $711,000 after purchasing an additional 264 shares in the last quarter. Daiwa Securities Group Inc. increased its holdings in shares of Republic Services by 11.8% during the third quarter. Daiwa Securities Group Inc. now owns 26,310 shares of the business services provider’s stock valued at $5,284,000 after purchasing an additional 2,786 shares during the period. Finally, Garner Asset Management Corp lifted its holdings in Republic Services by 5.4% in the third quarter. Garner Asset Management Corp now owns 4,407 shares of the business services provider’s stock worth $885,000 after purchasing an additional 227 shares during the period. 57.73% of the stock is currently owned by institutional investors.

Republic Services Price Performance

Republic Services stock opened at $217.83 on Tuesday. Republic Services, Inc. has a 52 week low of $159.10 and a 52 week high of $218.90. The business’s fifty day moving average is $204.81 and its two-hundred day moving average is $199.22. The firm has a market cap of $68.21 billion, a P/E ratio of 34.85, a P/E/G ratio of 3.31 and a beta of 0.70. 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 (NYSE:RSG) last issued its earnings results on Tuesday, October 29th. The business services provider reported $1.81 EPS for the quarter, beating the consensus estimate of $1.61 by $0.20. The firm had revenue of $4.08 billion during 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%. The business’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.54 earnings per share. Equities research analysts forecast that Republic Services, Inc. will post 6.24 earnings per share for the current fiscal 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 given a dividend of $0.58 per share. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $2.32 annualized dividend and a yield of 1.07%. Republic Services’s dividend payout ratio (DPR) is presently 37.12%.

Insider Activity

In other Republic Services news, CFO Brian M. Delghiaccio sold 5,071 shares of the company’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $210.02, for a total transaction of $1,065,011.42. Following the sale, the chief financial officer now directly owns 6,318 shares of the company’s stock, valued at approximately $1,326,906.36. This represents a 44.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.09% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

RSG has been the subject of a number of research analyst reports. CIBC upped 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. Scotiabank began coverage on Republic Services in a research note on Friday, October 4th. They set a “sector perform” rating and a $224.00 price target for the company. TD Cowen boosted their price objective on Republic Services from $195.00 to $200.00 and gave the stock a “hold” rating in a research note on Monday, August 5th. William Blair started coverage on Republic Services in a research note on Thursday, October 3rd. They set an “outperform” rating for the company. Finally, StockNews.com cut shares of Republic Services from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 1st. 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 company currently has a consensus rating of “Moderate Buy” and a consensus price target of $215.71.

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.