Republic Services, Inc. (NYSE:RSG) Shares Sold by Arete Wealth Advisors LLC

Arete Wealth Advisors LLC decreased its holdings in Republic Services, Inc. (NYSE:RSG) by 8.7% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 2,697 shares of the business services provider’s stock after selling 257 shares during the period. Arete Wealth Advisors LLC’s holdings in Republic Services were worth $539,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of RSG. Toronto Dominion Bank increased its position in Republic Services by 2.1% during the third quarter. Toronto Dominion Bank now owns 105,517 shares of the business services provider’s stock worth $21,192,000 after purchasing an additional 2,144 shares during the last quarter. Coldstream Capital Management Inc. grew its position in Republic Services by 16.0% during the third quarter. Coldstream Capital Management Inc. now owns 3,320 shares of the business services provider’s stock valued at $673,000 after acquiring an additional 457 shares during the period. Geode Capital Management LLC increased its stake in Republic Services by 1.7% during the third quarter. Geode Capital Management LLC now owns 4,507,521 shares of the business services provider’s stock worth $903,316,000 after acquiring an additional 73,207 shares during the last quarter. Executive Wealth Management LLC purchased a new position in shares of Republic Services in the 3rd quarter worth about $9,367,000. Finally, Barclays PLC lifted its stake in shares of Republic Services by 11.0% in the 3rd quarter. Barclays PLC now owns 675,163 shares of the business services provider’s stock valued at $135,598,000 after purchasing an additional 66,842 shares in the last quarter. Institutional investors and hedge funds own 57.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on RSG shares. Royal Bank of Canada raised their price target 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. TD Cowen raised their target price on shares of Republic Services from $195.00 to $200.00 and gave the company a “hold” rating in a research note on Monday, August 5th. Morgan Stanley upped their price target on shares of Republic Services from $208.00 to $217.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. William Blair began coverage on Republic Services in a research report on Thursday, October 3rd. They issued an “outperform” rating on the stock. Finally, CIBC upped their target price on Republic Services from $208.00 to $217.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Nine equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $215.71.

Republic Services Stock Up 0.0 %

Shares of NYSE:RSG opened at $218.30 on Friday. Republic Services, Inc. has a 12-month low of $159.38 and a 12-month high of $220.58. 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 firm has a market cap of $68.36 billion, a PE ratio of 34.93, a price-to-earnings-growth ratio of 3.34 and a beta of 0.70. The company has a fifty day simple moving average of $206.22 and a 200 day simple moving average of $199.90.

Republic Services (NYSE:RSG) last issued its earnings results on Tuesday, October 29th. The business services provider reported $1.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.61 by $0.20. The business had revenue of $4.08 billion for 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% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.54 EPS. On average, equities research analysts anticipate that Republic Services, Inc. will post 6.24 EPS for the current fiscal year.

Republic Services Announces Dividend

The company 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 dividend yield of 1.06%. The ex-dividend date of this dividend is Thursday, January 2nd. Republic Services’s dividend payout ratio is currently 37.12%.

Insider Buying and Selling

In other Republic Services news, CFO Brian M. Delghiaccio sold 5,071 shares of Republic Services stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $210.02, for a total value 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 $1,326,906.36. The trade was a 44.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.09% of the stock is currently owned by company insiders.

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.