Natixis Advisors LLC Has $26.64 Million Stock Position in Republic Services, Inc. (NYSE:RSG)

Natixis Advisors LLC boosted its holdings in Republic Services, Inc. (NYSE:RSG) by 9.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 132,640 shares of the business services provider’s stock after acquiring an additional 11,553 shares during the quarter. Natixis Advisors LLC’s holdings in Republic Services were worth $26,639,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in RSG. Wolff Wiese Magana LLC boosted its stake in shares of Republic Services by 351.6% in the 3rd 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 during the last quarter. EntryPoint Capital LLC purchased a new position in Republic Services in the first quarter worth $29,000. Webster Bank N. A. purchased a new stake in shares of Republic Services during the 3rd quarter valued at $31,000. Itau Unibanco Holding S.A. bought a new stake in shares of Republic Services during the 2nd quarter worth $36,000. Finally, Ashton Thomas Securities LLC purchased a new position in shares of Republic Services in the 3rd quarter worth about $39,000. Institutional investors and hedge funds own 57.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. CIBC lifted their price objective on shares of Republic Services from $208.00 to $217.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. William Blair assumed coverage on Republic Services in a research note on Thursday, October 3rd. They issued an “outperform” rating on the stock. BMO Capital Markets raised their target price on Republic Services from $209.00 to $211.00 and gave the stock a “market perform” rating in a research report on Thursday, July 25th. Oppenheimer upped their price target on Republic Services from $219.00 to $220.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Finally, Truist Financial lifted their price objective on Republic Services from $220.00 to $244.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Nine research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $215.71.

Republic Services Trading Up 0.5 %

Republic Services stock opened at $209.08 on Tuesday. The stock has a market cap of $65.47 billion, a P/E ratio of 33.45, a PEG ratio of 3.18 and a beta of 0.70. Republic Services, Inc. has a fifty-two week low of $157.91 and a fifty-two week high of $216.18. The firm’s fifty day moving average price is $203.92 and its 200-day moving average price is $198.26. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.64 and a current ratio of 0.64.

Republic Services (NYSE:RSG) last released its quarterly earnings results on Tuesday, October 29th. The business services provider reported $1.81 earnings per share for the quarter, beating the consensus estimate 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 analysts’ expectations of $4.12 billion. During the same quarter last year, the firm posted $1.54 EPS. The company’s revenue was up 6.5% compared to the same quarter last year. Equities research analysts forecast that Republic Services, Inc. will post 6.24 earnings per share for the current fiscal year.

Republic Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd will be issued a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date is Thursday, January 2nd. Republic Services’s payout ratio is 37.12%.

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.