Empowered Funds LLC Has $3.05 Million Stake in Republic Services, Inc. (NYSE:RSG)

Empowered Funds LLC lifted its holdings in Republic Services, Inc. (NYSE:RSG) by 4.1% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 15,172 shares of the business services provider’s stock after buying an additional 597 shares during the period. Empowered Funds LLC’s holdings in Republic Services were worth $3,047,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. UniSuper Management Pty Ltd boosted its holdings in shares of Republic Services by 292.4% during the 1st quarter. UniSuper Management Pty Ltd now owns 7,887 shares of the business services provider’s stock worth $1,510,000 after buying an additional 5,877 shares in the last quarter. Bessemer Group Inc. boosted its stake in Republic Services by 222.7% during the first quarter. Bessemer Group Inc. now owns 23,663 shares of the business services provider’s stock worth $4,529,000 after acquiring an additional 16,331 shares in the last quarter. Lake Street Advisors Group LLC grew its holdings in Republic Services by 42.6% in the first quarter. Lake Street Advisors Group LLC now owns 2,086 shares of the business services provider’s stock worth $399,000 after purchasing an additional 623 shares during the period. National Bank of Canada FI increased its stake in Republic Services by 8.7% in the first quarter. National Bank of Canada FI now owns 117,646 shares of the business services provider’s stock valued at $22,263,000 after purchasing an additional 9,421 shares in the last quarter. Finally, InterOcean Capital Group LLC boosted its position in shares of Republic Services by 8.9% during the 1st quarter. InterOcean Capital Group LLC now owns 3,403 shares of the business services provider’s stock worth $652,000 after purchasing an additional 278 shares in the last quarter. 57.73% of the stock is owned by institutional investors and hedge funds.

Republic Services Trading Up 0.5 %

NYSE RSG opened at $209.08 on Tuesday. The business’s fifty day moving average is $203.92 and its 200-day moving average is $198.26. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.64 and a quick ratio of 0.64. The stock has a market capitalization of $65.47 billion, a price-to-earnings ratio of 33.45, a PEG ratio of 3.18 and a beta of 0.70. Republic Services, Inc. has a one year low of $157.91 and a one year high of $216.18.

Republic Services (NYSE:RSG) last announced its quarterly earnings data on Tuesday, October 29th. The business services provider reported $1.81 EPS for the quarter, topping 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 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. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. Equities research analysts predict that Republic Services, Inc. will post 6.24 EPS for the current year.

Republic Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd will be given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date is Thursday, January 2nd. Republic Services’s dividend payout ratio is currently 37.12%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on RSG shares. William Blair assumed coverage on Republic Services in a research report on Thursday, October 3rd. They issued an “outperform” rating for the company. BMO Capital Markets increased their target price on Republic Services from $209.00 to $211.00 and gave the stock a “market perform” rating in a report on Thursday, July 25th. Morgan Stanley boosted their price target on shares of Republic Services from $208.00 to $217.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. StockNews.com lowered shares of Republic Services from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 1st. Finally, Truist Financial boosted their target price on shares of Republic Services from $220.00 to $244.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Nine analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $215.71.

Republic Services 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.