Robeco Institutional Asset Management B.V. Increases Stock Position in Republic Services, Inc. (NYSE:RSG)

Robeco Institutional Asset Management B.V. lifted its stake in Republic Services, Inc. (NYSE:RSG) by 7.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 417,756 shares of the business services provider’s stock after acquiring an additional 29,273 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.13% of Republic Services worth $83,902,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. State Board of Administration of Florida Retirement System lifted its stake in Republic Services by 8.8% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 239,031 shares of the business services provider’s stock worth $45,760,000 after acquiring an additional 19,414 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Republic Services by 15.2% during the third quarter. Assenagon Asset Management S.A. now owns 5,663 shares of the business services provider’s stock worth $1,137,000 after purchasing an additional 746 shares in the last quarter. PGGM Investments boosted its stake in shares of Republic Services by 264.3% in the second quarter. PGGM Investments now owns 8,842 shares of the business services provider’s stock valued at $1,718,000 after purchasing an additional 6,415 shares during the period. Forsta AP Fonden grew its holdings in shares of Republic Services by 11.7% in the first quarter. Forsta AP Fonden now owns 45,000 shares of the business services provider’s stock valued at $8,615,000 after purchasing an additional 4,700 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Republic Services by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 18,254,878 shares of the business services provider’s stock worth $3,494,714,000 after buying an additional 101,518 shares in the last quarter. Institutional investors and hedge funds own 57.73% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Royal Bank of Canada lifted their target price on Republic Services from $211.00 to $219.00 and gave the company a “sector perform” rating in a report on Wednesday, October 30th. Truist Financial upped their target price on shares of Republic Services from $220.00 to $244.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Robert W. Baird lifted their price target on shares of Republic Services from $208.00 to $210.00 and gave the stock a “neutral” rating in a research note on Thursday, July 25th. Raymond James reduced their price objective on shares of Republic Services from $219.00 to $214.00 and set an “outperform” rating on the stock in a report on Thursday, July 25th. Finally, StockNews.com lowered Republic Services from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 1st. Nine equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $215.71.

Republic Services Stock Up 1.0 %

RSG stock opened at $200.59 on Tuesday. Republic Services, Inc. has a 12 month low of $153.13 and a 12 month high of $208.69. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.64 and a quick ratio of 0.59. The company has a market cap of $62.82 billion, a price-to-earnings ratio of 32.09, a price-to-earnings-growth ratio of 3.04 and a beta of 0.70. The company has a fifty day moving average price of $203.31 and a 200 day moving average price of $196.94.

Republic Services (NYSE:RSG) last released its quarterly 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. Republic Services had a return on equity of 18.18% and a net margin of 12.46%. The firm had revenue of $4.08 billion for the quarter, compared to analyst estimates of $4.12 billion. During the same quarter last year, the company posted $1.54 earnings per share. The business’s revenue was up 6.5% on a year-over-year basis. Sell-side analysts expect that Republic Services, Inc. will post 6.23 earnings per share for the current year.

Republic Services Dividend Announcement

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 paid a $0.58 dividend. The ex-dividend date is Thursday, January 2nd. This represents a $2.32 annualized dividend and a yield of 1.16%. Republic Services’s dividend payout ratio is currently 37.12%.

Insider Transactions at Republic Services

In related news, Director Tomago Collins sold 3,200 shares of the stock in a transaction dated Friday, August 16th. The shares were 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 $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 SEC, which is available at this link. Company insiders own 0.09% of the company’s stock.

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.