Republic Services, Inc. (NYSE:RSG) Shares Acquired by FORA Capital LLC

FORA Capital LLC raised its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 5.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,609 shares of the business services provider’s stock after acquiring an additional 387 shares during the period. FORA Capital LLC’s holdings in Republic Services were worth $1,528,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of RSG. Tidal Investments LLC lifted its stake in Republic Services by 55.1% during the 1st quarter. Tidal Investments LLC now owns 10,093 shares of the business services provider’s stock valued at $1,932,000 after acquiring an additional 3,587 shares during the period. Swedbank AB acquired a new stake in Republic Services during the 1st quarter valued at approximately $8,792,000. Atria Investments Inc acquired a new stake in Republic Services during the 1st quarter valued at approximately $1,068,000. Cetera Investment Advisers increased its holdings in shares of Republic Services by 179.3% during the 1st quarter. Cetera Investment Advisers now owns 67,652 shares of the business services provider’s stock valued at $12,951,000 after purchasing an additional 43,432 shares in the last quarter. Finally, Cetera Advisors LLC increased its holdings in shares of Republic Services by 92.7% during the 1st quarter. Cetera Advisors LLC now owns 17,351 shares of the business services provider’s stock valued at $3,322,000 after purchasing an additional 8,348 shares in the last quarter. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Brian M. Delghiaccio sold 5,071 shares of the business’s stock in a transaction dated 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 transaction, the chief financial officer now owns 6,318 shares of the company’s stock, valued at approximately $1,326,906.36. The trade was a 44.53 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.09% of the company’s stock.

Republic Services Price Performance

Republic Services stock opened at $218.28 on Thursday. Republic Services, Inc. has a 52-week low of $159.10 and a 52-week high of $220.58. The firm has a market capitalization of $68.35 billion, a price-to-earnings ratio of 34.92, a PEG ratio of 3.33 and a beta of 0.70. The company has a fifty day simple moving average of $205.53 and a 200-day simple moving average of $199.56. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.07.

Republic Services (NYSE:RSG) last released 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 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%. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.54 earnings per share. On average, equities analysts anticipate that Republic Services, Inc. will post 6.24 EPS for the current fiscal year.

Republic Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd will be given a dividend of $0.58 per share. The ex-dividend date is Thursday, January 2nd. This represents a $2.32 annualized dividend and a dividend yield of 1.06%. Republic Services’s payout ratio is 37.12%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on RSG. Oppenheimer lifted their target price 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. Scotiabank began coverage on shares of Republic Services in a report on Friday, October 4th. They set a “sector perform” rating and a $224.00 target price for the company. TD Cowen lifted their target price on shares of Republic Services from $195.00 to $200.00 and gave the company a “hold” rating in a report on Monday, August 5th. 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 report on Wednesday, October 30th. 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 report on Wednesday, October 30th. Nine analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, Republic Services presently 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.