Republic Services, Inc. (NYSE:RSG) Shares Bought by Cumberland Partners Ltd

Cumberland Partners Ltd increased its stake in Republic Services, Inc. (NYSE:RSG) by 10.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,650 shares of the business services provider’s stock after acquiring an additional 1,050 shares during the period. Cumberland Partners Ltd’s holdings in Republic Services were worth $2,139,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wolff Wiese Magana LLC boosted its holdings in Republic Services by 351.6% during the third quarter. Wolff Wiese Magana LLC now owns 140 shares of the business services provider’s stock worth $28,000 after buying an additional 109 shares in the last quarter. EntryPoint Capital LLC purchased a new stake in Republic Services in the 1st quarter worth approximately $29,000. Webster Bank N. A. purchased a new stake in Republic Services in the 3rd quarter worth approximately $31,000. Itau Unibanco Holding S.A. purchased a new stake in Republic Services in the 2nd quarter worth approximately $36,000. Finally, Ashton Thomas Securities LLC bought a new position in shares of Republic Services during the 3rd quarter valued at $39,000. 57.73% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Tomago Collins sold 3,200 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $203.01, for a total value of $649,632.00. Following the sale, the director now directly owns 17,486 shares in the company, valued at approximately $3,549,832.86. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.09% of the stock is currently owned by company insiders.

Republic Services Stock Performance

Republic Services stock traded up $0.64 during midday trading on Tuesday, reaching $212.46. 46,433 shares of the company’s stock were exchanged, compared to its average volume of 1,120,640. Republic Services, Inc. has a 52 week low of $156.83 and a 52 week high of $214.96. The stock’s 50-day simple moving average is $203.39 and its 200 day simple moving average is $197.53. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.64 and a current ratio of 0.64. The firm has a market cap of $66.53 billion, a price-to-earnings ratio of 33.89, a P/E/G ratio of 3.24 and a beta of 0.70.

Republic Services (NYSE:RSG) last issued its quarterly earnings data on Tuesday, October 29th. The business services provider reported $1.81 EPS for the quarter, beating 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 period in the prior year, the firm posted $1.54 EPS. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. On average, analysts expect that Republic Services, Inc. will post 6.24 earnings per share for the current fiscal year.

Republic Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date of this dividend is Thursday, January 2nd. Republic Services’s dividend payout ratio (DPR) is presently 37.12%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. William Blair assumed coverage on shares of Republic Services in a research report on Thursday, October 3rd. They set an “outperform” rating for the company. Raymond James decreased their price objective on shares of Republic Services from $219.00 to $214.00 and set an “outperform” rating on the stock in a research note on Thursday, July 25th. Oppenheimer upped their target price on shares of Republic Services from $219.00 to $220.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Royal Bank of Canada increased their price objective 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, TD Cowen increased their price objective 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. Nine investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $215.71.

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.