REDW Wealth LLC Decreases Stock Position in Republic Services, Inc. (NYSE:RSG)

REDW Wealth LLC cut its position in Republic Services, Inc. (NYSE:RSG) by 5.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,100 shares of the business services provider’s stock after selling 125 shares during the quarter. REDW Wealth LLC’s holdings in Republic Services were worth $422,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Norden Group LLC boosted its stake in Republic Services by 13.3% during the 1st quarter. Norden Group LLC now owns 3,829 shares of the business services provider’s stock valued at $733,000 after acquiring an additional 449 shares during the last quarter. J.W. Cole Advisors Inc. boosted its stake 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 valued at $394,000 after acquiring an additional 222 shares during the last quarter. Diversify Advisory Services LLC bought a new position in Republic Services during the 1st quarter valued at $206,000. Mission Wealth Management LP boosted its stake in Republic Services by 5.0% during the 1st quarter. Mission Wealth Management LP now owns 2,042 shares of the business services provider’s stock valued at $391,000 after acquiring an additional 98 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in Republic Services by 32.8% during the 1st 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 last quarter. 57.73% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Tomago Collins sold 3,200 shares of the firm’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 completion of the transaction, the director now owns 17,486 shares in the company, valued at approximately $3,549,832.86. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.09% of the company’s stock.

Republic Services Stock Up 0.3 %

Republic Services stock opened at $198.58 on Friday. The stock has a market cap of $62.19 billion, a price-to-earnings ratio of 31.77, a PEG ratio of 3.04 and a beta of 0.70. The company has a current ratio of 0.64, a quick ratio of 0.59 and a debt-to-equity ratio of 1.07. The company’s 50-day moving average price is $203.43 and its two-hundred day moving average price is $196.81. Republic Services, Inc. has a 52 week low of $148.36 and a 52 week high of $208.69.

Republic Services (NYSE:RSG) last released its earnings results on Tuesday, October 29th. The business services provider reported $1.81 EPS 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 for the quarter, compared to analysts’ expectations of $4.12 billion. During the same quarter last year, the company earned $1.54 EPS. Republic Services’s quarterly revenue was up 6.5% on a year-over-year basis. On average, analysts expect that Republic Services, Inc. will post 6.23 EPS for the current fiscal year.

Republic Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd will be given a dividend of $0.58 per share. The ex-dividend date is Thursday, January 2nd. This represents a $2.32 annualized dividend and a dividend yield of 1.17%. Republic Services’s dividend payout ratio (DPR) is 37.12%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on RSG shares. Raymond James reduced 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 note on Thursday, July 25th. TD Cowen increased their target price on shares of Republic Services from $195.00 to $200.00 and gave the stock a “hold” rating in a report on Monday, August 5th. Oppenheimer increased their target price on shares of Republic Services from $219.00 to $220.00 and gave the stock an “outperform” rating in a report on Wednesday. StockNews.com cut shares of Republic Services from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 1st. Finally, Robert W. Baird increased their target price on shares of Republic Services from $208.00 to $210.00 and gave the stock a “neutral” rating in a report on Thursday, July 25th. Nine research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $215.71.

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.