Republic Services, Inc. (NYSE:RSG) Shares Bought by Resurgent Financial Advisors LLC

Resurgent Financial Advisors LLC raised its holdings in Republic Services, Inc. (NYSE:RSG) by 4.3% during the third quarter, Holdings Channel reports. The institutional investor owned 3,155 shares of the business services provider’s stock after buying an additional 130 shares during the period. Resurgent Financial Advisors LLC’s holdings in Republic Services were worth $634,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. FSA Wealth Management LLC acquired a new stake in shares of Republic Services during the third quarter worth about $25,000. Wolff Wiese Magana LLC increased its position in shares of Republic Services by 351.6% during the third quarter. Wolff Wiese Magana LLC now owns 140 shares of the business services provider’s stock worth $28,000 after purchasing an additional 109 shares in the last quarter. Webster Bank N. A. acquired a new stake in shares of Republic Services during the third quarter worth about $31,000. Truvestments Capital LLC acquired a new stake in shares of Republic Services during the third quarter worth about $34,000. Finally, Itau Unibanco Holding S.A. acquired a new stake in shares of Republic Services during the second quarter worth about $36,000. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Republic Services

In related news, CFO Brian M. Delghiaccio sold 5,071 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The stock was 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 of the company’s stock, valued at approximately $1,326,906.36. This represents a 44.53 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.09% of the stock is owned by corporate insiders.

Republic Services Price Performance

Shares of NYSE:RSG opened at $215.53 on Thursday. The business’s 50 day simple moving average is $206.91 and its 200-day simple moving average is $200.56. The firm has a market capitalization of $67.49 billion, a price-to-earnings ratio of 34.48, a price-to-earnings-growth ratio of 3.28 and a beta of 0.71. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.64 and a quick ratio of 0.64. Republic Services, Inc. has a 12 month low of $160.38 and a 12 month high of $220.58.

Republic Services (NYSE:RSG) last announced its quarterly earnings results 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. The business had revenue of $4.08 billion for the quarter, compared to analyst estimates of $4.12 billion. Republic Services had a return on equity of 18.18% and a net margin of 12.46%. The company’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.54 EPS. As a group, equities analysts forecast that Republic Services, Inc. will post 6.24 earnings per share for the current fiscal 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 paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date is Thursday, January 2nd. Republic Services’s payout ratio is currently 37.12%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on RSG shares. Royal Bank of Canada boosted their price target on Republic Services from $211.00 to $219.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 30th. Truist Financial boosted their price target on Republic Services from $220.00 to $244.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Scotiabank started coverage on Republic Services in a research report on Friday, October 4th. They issued a “sector perform” rating and a $224.00 price target on the stock. Oppenheimer boosted their price target on Republic Services from $219.00 to $220.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Finally, Morgan Stanley boosted their price target on Republic Services from $208.00 to $217.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Nine equities research analysts have rated the stock with a hold rating and ten have issued 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 a consensus target price 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.