Aptus Capital Advisors LLC Purchases 125 Shares of Republic Services, Inc. (NYSE:RSG)

Aptus Capital Advisors LLC raised its position in Republic Services, Inc. (NYSE:RSG) by 2.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,947 shares of the business services provider’s stock after buying an additional 125 shares during the quarter. Aptus Capital Advisors LLC’s holdings in Republic Services were worth $994,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. RFG Advisory LLC boosted its stake in shares of Republic Services by 0.5% during the second 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 grew its holdings in Republic Services by 2.9% in 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 increased its position in shares of Republic Services by 16.5% in the third quarter. Venturi Wealth Management LLC now owns 382 shares of the business services provider’s stock valued at $77,000 after acquiring an additional 54 shares during the period. Hexagon Capital Partners LLC raised its stake in shares of Republic Services by 4.0% during the second quarter. Hexagon Capital Partners LLC now owns 1,433 shares of the business services provider’s stock valued at $278,000 after acquiring an additional 55 shares during the last quarter. Finally, Fidelis Capital Partners LLC boosted its holdings in shares of Republic Services by 3.8% during the third quarter. Fidelis Capital Partners LLC now owns 1,520 shares of the business services provider’s stock worth $310,000 after purchasing an additional 55 shares during the period. Institutional investors own 57.73% of the company’s stock.

Analyst Upgrades and Downgrades

RSG has been the subject of a number of recent analyst reports. William Blair assumed coverage on Republic Services in a research report on Thursday, October 3rd. They set an “outperform” rating for the company. TD Cowen upped their target price on Republic Services from $195.00 to $200.00 and gave the company a “hold” rating in a report on Monday, August 5th. Oppenheimer lifted their price target on shares of Republic Services from $219.00 to $220.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Raymond James decreased their price objective on shares of Republic Services from $219.00 to $214.00 and set an “outperform” rating for the company in a report on Thursday, July 25th. Finally, Royal Bank of Canada lifted their target price on shares of Republic Services from $211.00 to $219.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 30th. Nine investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, Republic Services currently has a consensus rating of “Moderate Buy” and a consensus price target of $215.71.

Republic Services Trading Down 2.4 %

NYSE RSG opened at $209.46 on Friday. The stock’s fifty day moving average price is $203.66 and its 200-day moving average price is $197.79. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.07. The stock has a market cap of $65.59 billion, a P/E ratio of 33.51, a P/E/G ratio of 3.25 and a beta of 0.70. Republic Services, Inc. has a 12 month low of $156.83 and a 12 month high of $216.18.

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, beating analysts’ consensus estimates of $1.61 by $0.20. The business had revenue of $4.08 billion during the quarter, compared to analyst estimates of $4.12 billion. Republic Services had a net margin of 12.46% and a return on equity of 18.18%. Republic Services’s revenue was up 6.5% compared to the same quarter last year. During the same period last year, the business earned $1.54 EPS. As a group, equities analysts forecast that Republic Services, Inc. will post 6.24 EPS for the current fiscal year.

Republic Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd will be paid a dividend of $0.58 per share. The ex-dividend date is Thursday, January 2nd. This represents a $2.32 annualized dividend and a yield of 1.11%. Republic Services’s dividend 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.