Republic Services, Inc. (NYSE:RSG) Shares Bought by Farther Finance Advisors LLC

Farther Finance Advisors LLC grew its stake in Republic Services, Inc. (NYSE:RSG) by 1.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,102 shares of the business services provider’s stock after buying an additional 96 shares during the period. Farther Finance Advisors LLC’s holdings in Republic Services were worth $1,226,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norden Group LLC increased its position in shares of Republic Services by 13.3% during the first quarter. Norden Group LLC now owns 3,829 shares of the business services provider’s stock worth $733,000 after purchasing an additional 449 shares in the last quarter. Diversify Advisory Services LLC purchased a new stake in Republic Services in the first quarter valued at approximately $206,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Republic Services by 32.8% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 94,296 shares of the business services provider’s stock valued at $18,052,000 after acquiring an additional 23,306 shares during the period. Janney Montgomery Scott LLC grew its position in shares of Republic Services by 0.5% during the first quarter. Janney Montgomery Scott LLC now owns 54,151 shares of the business services provider’s stock worth $10,367,000 after acquiring an additional 243 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. raised its position in Republic Services by 5.9% in the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,216 shares of the business services provider’s stock valued at $999,000 after purchasing an additional 292 shares during the last quarter. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Tomago Collins sold 3,200 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $203.01, for a total value of $649,632.00. Following the sale, the director now owns 17,486 shares of the company’s stock, valued at approximately $3,549,832.86. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.09% of the company’s stock.

Analyst Upgrades and Downgrades

RSG has been the topic of several research reports. Raymond James lowered 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 report on Thursday, July 25th. Royal Bank of Canada upped their price objective on Republic Services from $211.00 to $219.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 30th. CIBC lifted their target price on Republic Services from $208.00 to $217.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. StockNews.com cut Republic Services from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 1st. Finally, Stifel Nicolaus lifted their price objective on shares of Republic Services from $215.00 to $230.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Nine equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $215.71.

Republic Services Price Performance

Shares of NYSE:RSG opened at $198.58 on Monday. Republic Services, Inc. has a 12 month low of $148.36 and a 12 month high of $208.69. The firm has a market capitalization of $62.19 billion, a price-to-earnings ratio of 31.77, a price-to-earnings-growth ratio of 3.04 and a beta of 0.70. The business’s 50 day simple moving average is $203.43 and its 200-day simple moving average is $196.86. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.64 and a quick ratio of 0.59.

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. The company had revenue of $4.08 billion for the quarter, compared to analyst estimates of $4.12 billion. Republic Services had a return on equity of 18.18% and a net margin of 12.46%. Republic Services’s revenue was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.54 earnings per share. As a group, equities analysts forecast that Republic Services, Inc. will post 6.23 earnings per share for the current fiscal year.

Republic Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd will be issued a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 1.17%. The ex-dividend date is Thursday, January 2nd. Republic Services’s dividend payout ratio (DPR) is presently 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.