Republic Services, Inc. (NYSE:RSG) Shares Bought by HM Payson & Co.

HM Payson & Co. grew its holdings in Republic Services, Inc. (NYSE:RSG) by 13.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,202 shares of the business services provider’s stock after acquiring an additional 382 shares during the period. HM Payson & Co.’s holdings in Republic Services were worth $643,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. State of Alaska Department of Revenue lifted its stake in Republic Services by 0.5% in the first quarter. State of Alaska Department of Revenue now owns 22,190 shares of the business services provider’s stock worth $4,248,000 after acquiring an additional 100 shares during the last quarter. First Trust Direct Indexing L.P. grew its stake in shares of Republic Services by 8.9% during the first quarter. First Trust Direct Indexing L.P. now owns 8,202 shares of the business services provider’s stock worth $1,570,000 after purchasing an additional 668 shares in the last quarter. Maryland State Retirement & Pension System increased its holdings in Republic Services by 2.8% in the first quarter. Maryland State Retirement & Pension System now owns 16,210 shares of the business services provider’s stock valued at $3,043,000 after buying an additional 439 shares during the last quarter. Norden Group LLC raised its stake in Republic Services by 13.3% in the first quarter. Norden Group LLC now owns 3,829 shares of the business services provider’s stock valued at $733,000 after buying an additional 449 shares in the last quarter. Finally, J.W. Cole Advisors Inc. lifted its holdings in Republic Services by 12.1% during the 1st quarter. J.W. Cole Advisors Inc. now owns 2,056 shares of the business services provider’s stock worth $394,000 after buying an additional 222 shares during the last quarter. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on RSG shares. Morgan Stanley upped their price target on Republic Services from $208.00 to $217.00 and gave the company an “equal weight” rating in a report on Wednesday. TD Cowen lifted their price target on shares of Republic Services from $195.00 to $200.00 and gave the stock a “hold” rating in a research note on Monday, August 5th. CIBC upped their price objective on shares of Republic Services from $208.00 to $217.00 and gave the company a “neutral” rating in a research note on Wednesday. StockNews.com cut Republic Services from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 1st. Finally, William Blair started coverage on Republic Services in a research report on Thursday, October 3rd. They issued an “outperform” rating for the company. Nine equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, Republic Services presently has a consensus rating of “Moderate Buy” and an average target price of $215.71.

Republic Services Trading Down 0.4 %

Shares of Republic Services stock opened at $198.00 on Friday. The firm has a market cap of $62.19 billion, a price-to-earnings ratio of 31.68, a price-to-earnings-growth ratio of 3.17 and a beta of 0.69. Republic Services, Inc. has a 52-week low of $146.82 and a 52-week high of $208.69. The company’s 50-day simple moving average is $203.59 and its 200-day simple moving average is $196.66. The company has a quick ratio of 0.59, a current ratio of 0.64 and a debt-to-equity ratio of 1.07.

Republic Services (NYSE:RSG) last released its earnings results on Tuesday, October 29th. The business services provider reported $1.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.62 by $0.19. The company had revenue of $4.08 billion for the quarter, compared to analysts’ expectations of $4.12 billion. Republic Services had a return on equity of 18.18% and a net margin of 12.46%. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.54 EPS. As a group, equities research analysts anticipate that Republic Services, Inc. will post 6.23 earnings per share for the current year.

Republic Services Dividend Announcement

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 paid a dividend of $0.58 per share. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.17%. Republic Services’s dividend payout ratio (DPR) is presently 37.12%.

Insider Activity at Republic Services

In other Republic Services news, Director Tomago Collins sold 3,200 shares of the company’s 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 transaction, the director now directly owns 17,486 shares in the company, valued at approximately $3,549,832.86. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through 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.