Republic Services, Inc. (NYSE:RSG) Position Boosted by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI increased its stake in shares of Republic Services, Inc. (NYSE:RSG) by 14.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,920 shares of the business services provider’s stock after purchasing an additional 1,270 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in Republic Services were worth $1,992,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. EntryPoint Capital LLC acquired a new position in shares of Republic Services in the first quarter worth $29,000. CreativeOne Wealth LLC purchased a new stake in shares of Republic Services during the 1st quarter worth about $333,000. EP Wealth Advisors LLC lifted its holdings in shares of Republic Services by 62.9% during the 1st quarter. EP Wealth Advisors LLC now owns 3,800 shares of the business services provider’s stock valued at $727,000 after buying an additional 1,467 shares during the last quarter. Advisors Asset Management Inc. increased its holdings in Republic Services by 32.6% in the first quarter. Advisors Asset Management Inc. now owns 21,687 shares of the business services provider’s stock worth $4,152,000 after buying an additional 5,333 shares during the last quarter. Finally, Capital International Inc. CA raised its position in Republic Services by 23.8% during the first quarter. Capital International Inc. CA now owns 11,590 shares of the business services provider’s stock valued at $2,219,000 after acquiring an additional 2,231 shares in the last quarter. 57.73% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Republic Services news, CFO Brian M. Delghiaccio sold 5,071 shares of Republic Services stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $210.02, for a total transaction of $1,065,011.42. Following the completion of the transaction, the chief financial officer now directly owns 6,318 shares of the company’s stock, valued at approximately $1,326,906.36. This trade represents a 44.53 % 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 this link. 0.09% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. William Blair began coverage on shares of Republic Services in a research note on Thursday, October 3rd. They set an “outperform” rating on the stock. Robert W. Baird raised their target price on Republic Services from $208.00 to $210.00 and gave the company a “neutral” rating in a report on Thursday, July 25th. StockNews.com downgraded Republic Services from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 1st. Stifel Nicolaus boosted their target price on Republic Services from $215.00 to $230.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Finally, Morgan Stanley increased their price target on Republic Services from $208.00 to $217.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. Nine research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Republic Services currently has an average rating of “Moderate Buy” and an average target price of $215.71.

Republic Services Stock Performance

Shares of NYSE RSG opened at $214.06 on Friday. Republic Services, Inc. has a one year low of $159.10 and a one year high of $216.18. 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 business has a fifty day simple moving average of $204.34 and a 200 day simple moving average of $198.65. The firm has a market capitalization of $67.03 billion, a price-to-earnings ratio of 34.25, a PEG ratio of 3.22 and a beta of 0.70.

Republic Services (NYSE:RSG) last announced its quarterly earnings data on Tuesday, October 29th. The business services provider reported $1.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.61 by $0.20. The company had revenue of $4.08 billion during the quarter, compared to analysts’ expectations of $4.12 billion. Republic Services had a net margin of 12.46% and a return on equity of 18.18%. The business’s revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.54 EPS. Sell-side analysts expect that Republic Services, Inc. will post 6.24 EPS for the current year.

Republic Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd will be issued a $0.58 dividend. The ex-dividend date is Thursday, January 2nd. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.08%. Republic Services’s payout ratio is presently 37.12%.

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.