Sentry Investment Management LLC Buys 117 Shares of Republic Services, Inc. (NYSE:RSG)

Sentry Investment Management LLC boosted its position in shares of Republic Services, Inc. (NYSE:RSG) by 3.7% in the third quarter, Holdings Channel.com reports. The firm owned 3,302 shares of the business services provider’s stock after acquiring an additional 117 shares during the period. Sentry Investment Management LLC’s holdings in Republic Services were worth $663,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. TD Asset Management Inc grew its holdings in shares of Republic Services by 424.7% during the first quarter. TD Asset Management Inc now owns 1,722,107 shares of the business services provider’s stock worth $329,680,000 after buying an additional 1,393,918 shares in the last quarter. Capital World Investors raised its holdings in shares of Republic Services by 20.5% in the first quarter. Capital World Investors now owns 7,909,008 shares of the business services provider’s stock valued at $1,514,100,000 after purchasing an additional 1,346,588 shares during the last quarter. M&G Plc acquired a new position in Republic Services during the first quarter worth $130,892,000. International Assets Investment Management LLC grew its position in Republic Services by 83,671.9% in the third quarter. International Assets Investment Management LLC now owns 538,653 shares of the business services provider’s stock valued at $108,183,000 after purchasing an additional 538,010 shares in the last quarter. Finally, Earnest Partners LLC increased its stake in Republic Services by 16.9% in the 1st quarter. Earnest Partners LLC now owns 1,262,519 shares of the business services provider’s stock valued at $241,697,000 after buying an additional 182,645 shares during the last quarter. Institutional investors and hedge funds own 57.73% of the company’s stock.

Republic Services Trading Up 1.0 %

Shares of RSG stock opened at $200.59 on Tuesday. The stock has a market cap of $62.81 billion, a P/E ratio of 32.09, a price-to-earnings-growth ratio of 3.04 and a beta of 0.70. Republic Services, Inc. has a 1 year low of $153.13 and a 1 year high of $208.69. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.07. The stock has a 50 day simple moving average of $203.31 and a 200 day simple moving average of $196.94.

Republic Services (NYSE:RSG) last released its earnings results on Tuesday, October 29th. The business services provider reported $1.81 earnings per share for the quarter, beating analysts’ consensus estimates of $1.61 by $0.20. The firm had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $4.12 billion. Republic Services had a return on equity of 18.18% and a net margin of 12.46%. The company’s revenue was up 6.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.54 EPS. On average, research analysts predict that Republic Services, Inc. will post 6.24 earnings per share for the current fiscal year.

Republic Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd will be paid a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 1.16%. The ex-dividend date is Thursday, January 2nd. Republic Services’s payout ratio is presently 37.12%.

Insider Transactions at Republic Services

In other Republic Services news, Director Tomago Collins sold 3,200 shares of the business’s stock in a transaction dated Friday, August 16th. The stock was 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 of the company’s stock, valued at approximately $3,549,832.86. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.09% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on RSG shares. Truist Financial lifted their target price on Republic Services from $220.00 to $244.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. TD Cowen boosted their price objective 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. William Blair began coverage on shares of Republic Services in a research note on Thursday, October 3rd. They issued an “outperform” rating for the company. StockNews.com lowered Republic Services from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 1st. Finally, BMO Capital Markets lifted their target price on Republic Services from $209.00 to $211.00 and gave the stock a “market perform” rating in a research note on Thursday, July 25th. Nine equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, Republic Services currently has a consensus rating of “Moderate Buy” and a consensus target price of $215.71.

About Republic Services

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.