Kirtland Hills Capital Management LLC grew its stake in shares of Republic Services, Inc. (NYSE:RSG – Free Report) by 1.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,955 shares of the business services provider’s stock after purchasing an additional 105 shares during the quarter. Kirtland Hills Capital Management LLC’s holdings in Republic Services were worth $1,598,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wolff Wiese Magana LLC raised its position in 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 in the last quarter. EntryPoint Capital LLC acquired a new position in shares of Republic Services during the 1st quarter worth about $29,000. Webster Bank N. A. acquired a new stake in Republic Services during the 3rd quarter worth $31,000. Itau Unibanco Holding S.A. acquired a new stake in shares of Republic Services in the 2nd quarter valued at approximately $36,000. Finally, Ashton Thomas Securities LLC purchased a new position in Republic Services during the 3rd quarter valued at about $39,000. 57.73% of the stock is currently owned by institutional investors.
Insider Transactions at Republic Services
In related news, CFO Brian M. Delghiaccio sold 5,071 shares of the company’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $210.02, for a total value of $1,065,011.42. Following the sale, the chief financial officer now owns 6,318 shares in the company, valued at $1,326,906.36. This represents a 44.53 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.09% of the company’s stock.
Analysts Set New Price Targets
View Our Latest Stock Report on RSG
Republic Services Trading Up 0.9 %
Shares of NYSE:RSG opened at $210.91 on Wednesday. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.07. The stock has a market cap of $66.05 billion, a PE ratio of 33.75, a P/E/G ratio of 3.18 and a beta of 0.70. The business has a 50 day moving average of $204.01 and a 200-day moving average of $198.44. Republic Services, Inc. has a 12-month low of $157.91 and a 12-month high of $216.18.
Republic Services (NYSE:RSG – Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The business services provider reported $1.81 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.20. Republic Services had a return on equity of 18.18% and a net margin of 12.46%. The business had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $4.12 billion. During the same period in the prior year, the company earned $1.54 EPS. Republic Services’s revenue for the quarter was up 6.5% on a year-over-year basis. As a group, equities research analysts forecast that Republic Services, Inc. will post 6.24 earnings per share for the current year.
Republic Services Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be issued a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 1.10%. The ex-dividend date is Thursday, January 2nd. Republic Services’s payout ratio is presently 37.12%.
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.
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