Republic Services, Inc. (NYSE:RSG) Shares Bought by Mattern Capital Management LLC

Mattern Capital Management LLC boosted its position in shares of Republic Services, Inc. (NYSE:RSG) by 12.9% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 2,558 shares of the business services provider’s stock after buying an additional 293 shares during the period. Mattern Capital Management LLC’s holdings in Republic Services were worth $514,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of RSG. Wolff Wiese Magana LLC boosted its stake in shares of Republic Services by 351.6% during the 3rd quarter. Wolff Wiese Magana LLC now owns 140 shares of the business services provider’s stock worth $28,000 after acquiring an additional 109 shares in the last quarter. EntryPoint Capital LLC purchased a new position in Republic Services in the 1st quarter worth about $29,000. Webster Bank N. A. acquired a new stake in Republic Services during the 3rd quarter worth about $31,000. Itau Unibanco Holding S.A. purchased a new stake in Republic Services during the second quarter valued at about $36,000. Finally, Indiana Trust & Investment Management CO acquired a new position in shares of Republic Services in the second quarter worth about $45,000. 57.73% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Tomago Collins sold 3,200 shares of the firm’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $203.01, for a total value of $649,632.00. Following the completion of the transaction, the director now owns 17,486 shares in the company, valued at $3,549,832.86. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.09% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms recently commented on RSG. TD Cowen raised 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. Truist Financial raised shares of Republic Services from a “hold” rating to a “buy” rating and lifted their price objective for the company from $192.00 to $220.00 in a research note on Thursday, July 11th. BMO Capital Markets lifted their target price on shares of Republic Services from $209.00 to $211.00 and gave the stock a “market perform” rating in a report on Thursday, July 25th. Raymond James dropped their price target on shares of Republic Services from $219.00 to $214.00 and set an “outperform” rating for the company in a research report on Thursday, July 25th. Finally, Oppenheimer upped their price objective on shares of Republic Services from $210.00 to $219.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. 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, the company presently has an average rating of “Moderate Buy” and an average price target of $212.18.

Republic Services Trading Down 0.8 %

NYSE:RSG opened at $199.83 on Friday. The firm has a market capitalization of $62.93 billion, a price-to-earnings ratio of 35.06, a PEG ratio of 3.27 and a beta of 0.69. Republic Services, Inc. has a 1-year low of $145.32 and a 1-year high of $208.69. The business’s 50-day moving average price is $204.02 and its two-hundred day moving average price is $196.40. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.05.

Republic Services (NYSE:RSG) last released its quarterly earnings data on Wednesday, July 24th. The business services provider reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.08. Republic Services had a net margin of 12.11% and a return on equity of 17.81%. The business had revenue of $4.05 billion for the quarter, compared to analyst estimates of $4.03 billion. On average, equities analysts expect that Republic Services, Inc. will post 6.18 earnings per share for the current year.

Republic Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors 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 of this dividend is Thursday, January 2nd. Republic Services’s payout ratio is presently 40.70%.

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.