DekaBank Deutsche Girozentrale Trims Stock Holdings in Republic Services, Inc. (NYSE:RSG)

DekaBank Deutsche Girozentrale trimmed its holdings in Republic Services, Inc. (NYSE:RSG) by 1.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,105,327 shares of the business services provider’s stock after selling 15,704 shares during the quarter. DekaBank Deutsche Girozentrale owned approximately 0.35% of Republic Services worth $218,493,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. NorthCrest Asset Manangement LLC increased its stake in Republic Services by 1.6% in the third quarter. NorthCrest Asset Manangement LLC now owns 41,771 shares of the business services provider’s stock valued at $8,389,000 after purchasing an additional 639 shares during the period. Forsta AP Fonden increased its position in Republic Services by 14.7% in the 3rd quarter. Forsta AP Fonden now owns 50,000 shares of the business services provider’s stock valued at $10,042,000 after acquiring an additional 6,400 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in Republic Services by 29.9% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,855 shares of the business services provider’s stock worth $2,563,000 after acquiring an additional 2,961 shares during the period. Parcion Private Wealth LLC grew its stake in shares of Republic Services by 3.6% in the 3rd quarter. Parcion Private Wealth LLC now owns 24,271 shares of the business services provider’s stock valued at $4,874,000 after purchasing an additional 844 shares during the last quarter. Finally, Trueblood Wealth Management LLC increased its holdings in shares of Republic Services by 2.3% in the third quarter. Trueblood Wealth Management LLC now owns 8,680 shares of the business services provider’s stock valued at $1,743,000 after purchasing an additional 197 shares during the period. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Republic Services Trading Down 0.8 %

NYSE:RSG opened at $199.83 on Friday. Republic Services, Inc. has a 52 week low of $145.32 and a 52 week high of $208.69. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.05. The company has a market cap of $62.93 billion, a PE ratio of 35.06, a P/E/G ratio of 3.27 and a beta of 0.69. The business’s 50 day moving average is $204.02 and its two-hundred day moving average is $196.40.

Republic Services (NYSE:RSG) last released its quarterly earnings data on Wednesday, July 24th. The business services provider reported $1.61 EPS for the quarter, topping analysts’ consensus estimates of $1.53 by $0.08. The firm had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $4.03 billion. Republic Services had a net margin of 12.11% and a return on equity of 17.81%. On average, analysts predict that Republic Services, Inc. will post 6.18 EPS for the current year.

Republic Services Dividend Announcement

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend is Thursday, January 2nd. Republic Services’s dividend payout ratio is presently 40.70%.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. TD Cowen boosted their price objective 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. Royal Bank of Canada lifted their price objective on Republic Services from $201.00 to $211.00 and gave the company a “sector perform” rating in a report on Thursday, July 25th. Robert W. Baird upped their price objective on Republic Services from $208.00 to $210.00 and gave the stock a “neutral” rating in a report on Thursday, July 25th. Raymond James decreased their target price on shares of Republic Services from $219.00 to $214.00 and set an “outperform” rating on the stock in a research report on Thursday, July 25th. Finally, CIBC increased their price target on shares of Republic Services from $196.00 to $208.00 and gave the company a “neutral” rating in a report on Thursday, July 25th. Nine analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $212.18.

Insiders Place Their Bets

In other news, Director Tomago Collins sold 3,200 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $203.01, for a total transaction of $649,632.00. Following the completion of the transaction, the director now directly owns 17,486 shares of the company’s stock, valued at approximately $3,549,832.86. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.09% of the stock is currently owned by corporate insiders.

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.