CreativeOne Wealth LLC Acquires 294 Shares of Republic Services, Inc. (NYSE:RSG)

CreativeOne Wealth LLC boosted its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 15.8% in the 3rd quarter, Holdings Channel.com reports. The firm owned 2,156 shares of the business services provider’s stock after purchasing an additional 294 shares during the quarter. CreativeOne Wealth LLC’s holdings in Republic Services were worth $433,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in RSG. International Assets Investment Management LLC boosted its position in shares of Republic Services by 83,671.9% in the third quarter. International Assets Investment Management LLC now owns 538,653 shares of the business services provider’s stock valued at $108,183,000 after acquiring an additional 538,010 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in Republic Services by 31.7% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 614,586 shares of the business services provider’s stock valued at $123,434,000 after purchasing an additional 147,799 shares during the period. Healthcare of Ontario Pension Plan Trust Fund grew its position in Republic Services by 1,946.2% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 136,279 shares of the business services provider’s stock worth $26,484,000 after purchasing an additional 129,619 shares during the last quarter. Clearbridge Investments LLC increased its holdings in shares of Republic Services by 3,827.6% during the 2nd quarter. Clearbridge Investments LLC now owns 106,241 shares of the business services provider’s stock worth $20,647,000 after purchasing an additional 103,536 shares during the period. Finally, Partners Group Holding AG raised its position in shares of Republic Services by 41.4% during the third quarter. Partners Group Holding AG now owns 347,885 shares of the business services provider’s stock valued at $69,869,000 after buying an additional 101,831 shares during the last quarter. Institutional investors and hedge funds own 57.73% of the company’s stock.

Insider Activity

In other news, CFO Brian M. Delghiaccio sold 5,071 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $210.02, for a total value of $1,065,011.42. Following the transaction, the chief financial officer now owns 6,318 shares of the company’s stock, valued at approximately $1,326,906.36. This trade represents a 44.53 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.09% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on RSG shares. Truist Financial lifted their target price on Republic Services from $220.00 to $244.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Scotiabank assumed coverage on Republic Services in a research report on Friday, October 4th. They set a “sector perform” rating and a $224.00 price objective on the stock. Morgan Stanley raised their target price on Republic Services from $208.00 to $217.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. CIBC boosted their price target on shares of Republic Services from $208.00 to $217.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Finally, Oppenheimer raised their price objective 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. Nine investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $215.71.

Republic Services Price Performance

Republic Services stock opened at $218.30 on Monday. The business’s fifty day moving average is $206.22 and its two-hundred day moving average is $200.08. 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 firm has a market cap of $68.36 billion, a P/E ratio of 34.93, a P/E/G ratio of 3.34 and a beta of 0.70. Republic Services, Inc. has a 52 week low of $159.38 and a 52 week high of $220.58.

Republic Services (NYSE:RSG) last issued its quarterly earnings data on Tuesday, October 29th. The business services provider reported $1.81 EPS for the quarter, topping 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 firm had revenue of $4.08 billion for the quarter, compared to analyst estimates of $4.12 billion. During the same quarter in the prior year, the firm earned $1.54 EPS. The company’s revenue was up 6.5% on a year-over-year basis. Equities research analysts forecast that Republic Services, Inc. will post 6.24 earnings per share for the current fiscal year.

Republic Services Announces Dividend

The company 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 dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 1.06%. The ex-dividend date of this dividend is Thursday, January 2nd. Republic Services’s dividend payout ratio is 37.12%.

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.