Republic Services, Inc. (NYSE:RSG) Shares Sold by First Interstate Bank

First Interstate Bank trimmed its stake in shares of Republic Services, Inc. (NYSE:RSG) by 2.3% during the third quarter, Holdings Channel reports. The firm owned 2,236 shares of the business services provider’s stock after selling 53 shares during the period. First Interstate Bank’s holdings in Republic Services were worth $449,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in RSG. Wolff Wiese Magana LLC boosted its holdings in shares of Republic Services by 351.6% during the third quarter. Wolff Wiese Magana LLC now owns 140 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 109 shares during the period. EntryPoint Capital LLC acquired a new position in Republic Services during the 1st quarter valued at about $29,000. Webster Bank N. A. acquired a new stake in shares of Republic Services in the third quarter valued at approximately $31,000. Itau Unibanco Holding S.A. acquired a new position in shares of Republic Services during the second quarter worth approximately $36,000. Finally, Indiana Trust & Investment Management CO bought a new position in Republic Services in the 2nd quarter worth approximately $45,000. Institutional investors and hedge funds own 57.73% of the company’s stock.

Republic Services Stock Up 0.3 %

Shares of NYSE:RSG traded up $0.58 on Friday, reaching $198.58. The company had a trading volume of 1,010,806 shares, compared to its average volume of 857,084. The company has a quick ratio of 0.59, a current ratio of 0.64 and a debt-to-equity ratio of 1.07. The stock has a market capitalization of $62.19 billion, a P/E ratio of 31.77, a P/E/G ratio of 3.04 and a beta of 0.70. The stock has a 50-day moving average price of $203.43 and a 200 day moving average price of $196.74. Republic Services, Inc. has a twelve month low of $148.36 and a twelve month high of $208.69.

Republic Services (NYSE:RSG) last announced its earnings results on Tuesday, October 29th. The business services provider reported $1.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.61 by $0.20. Republic Services had a net margin of 12.46% and a return on equity of 18.18%. The business had revenue of $4.08 billion for the quarter, compared to analyst estimates of $4.12 billion. During the same quarter in the previous year, the firm posted $1.54 earnings per share. Republic Services’s revenue was up 6.5% compared to the same quarter last year. On average, equities analysts expect that Republic Services, Inc. will post 6.23 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 given a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 1.17%. 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

RSG has been the subject of several research analyst reports. CIBC upped their price objective on shares of Republic Services from $208.00 to $217.00 and gave the stock a “neutral” rating in a report on Wednesday. Royal Bank of Canada increased their price target on Republic Services from $211.00 to $219.00 and gave the company a “sector perform” rating in a research note on Wednesday. Robert W. Baird boosted their price objective on Republic Services from $208.00 to $210.00 and gave the stock a “neutral” rating in a research note on Thursday, July 25th. Raymond James lowered their target price on Republic Services from $219.00 to $214.00 and set an “outperform” rating on the stock in a report on Thursday, July 25th. Finally, BMO Capital Markets upped their price target on shares of Republic Services from $209.00 to $211.00 and gave the company a “market perform” rating in a report on Thursday, July 25th. Nine analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Republic Services presently has a consensus rating of “Moderate Buy” and a consensus price target of $215.71.

Insiders Place Their Bets

In other news, Director Tomago Collins sold 3,200 shares of the 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 completion of the transaction, the director now directly 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate 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.