Meeder Advisory Services Inc. Sells 682 Shares of Republic Services, Inc. (NYSE:RSG)

Meeder Advisory Services Inc. lowered its position in Republic Services, Inc. (NYSE:RSG) by 13.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,358 shares of the business services provider’s stock after selling 682 shares during the quarter. Meeder Advisory Services Inc.’s holdings in Republic Services were worth $875,000 as of its most recent SEC filing.

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

Insider Buying and Selling

In related news, CFO Brian M. Delghiaccio sold 5,071 shares of the business’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $210.02, for a total value of $1,065,011.42. Following the completion of the sale, the chief financial officer now owns 6,318 shares of the company’s stock, valued at approximately $1,326,906.36. The trade was a 44.53 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.09% of the stock is currently owned by insiders.

Analysts Set New Price Targets

RSG has been the subject of several recent research reports. Stifel Nicolaus boosted their price target on Republic Services from $215.00 to $230.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Royal Bank of Canada upped their price target on Republic Services from $211.00 to $219.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 30th. TD Cowen upped their target price on Republic Services from $195.00 to $200.00 and gave the company a “hold” rating in a research report on Monday, August 5th. Scotiabank began coverage on Republic Services in a research note on Friday, October 4th. They set a “sector perform” rating and a $224.00 price target on the stock. Finally, Robert W. Baird increased their price objective on shares of Republic Services from $208.00 to $210.00 and gave the company a “neutral” rating in a research report on Thursday, July 25th. Nine analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $215.71.

Republic Services Stock Up 0.9 %

Shares of RSG opened at $210.91 on Wednesday. The stock’s 50-day moving average price is $204.01 and its 200-day moving average price is $198.44. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.07. The company has a market capitalization of $66.05 billion, a price-to-earnings ratio of 33.75, a PEG ratio of 3.18 and a beta of 0.70. Republic Services, Inc. has a 52 week low of $157.91 and a 52 week high of $216.18.

Republic Services (NYSE:RSG) last posted its 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 net margin of 12.46% and a return on equity of 18.18%. The firm had revenue of $4.08 billion during the quarter, compared to analyst estimates of $4.12 billion. During the same period in the previous year, the firm earned $1.54 EPS. The business’s quarterly revenue was up 6.5% on a year-over-year basis. On average, sell-side analysts predict that Republic Services, Inc. will post 6.24 EPS for the current year.

Republic Services Dividend Announcement

The firm 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. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $2.32 annualized dividend and a dividend yield of 1.10%. Republic Services’s dividend payout ratio is presently 37.12%.

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.