Teachers Retirement System of The State of Kentucky Has $3.08 Million Stock Holdings in Republic Services, Inc. (NYSE:RSG)

Teachers Retirement System of The State of Kentucky reduced its position in Republic Services, Inc. (NYSE:RSG) by 6.1% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 15,331 shares of the business services provider’s stock after selling 997 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Republic Services were worth $3,079,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Toronto Dominion Bank raised its holdings in Republic Services by 2.1% during the 3rd quarter. Toronto Dominion Bank now owns 105,517 shares of the business services provider’s stock worth $21,192,000 after purchasing an additional 2,144 shares during the last quarter. Coldstream Capital Management Inc. grew its position in shares of Republic Services by 16.0% during the 3rd quarter. Coldstream Capital Management Inc. now owns 3,320 shares of the business services provider’s stock worth $673,000 after buying an additional 457 shares during the period. Geode Capital Management LLC raised its stake in shares of Republic Services by 1.7% during the third quarter. Geode Capital Management LLC now owns 4,507,521 shares of the business services provider’s stock worth $903,316,000 after buying an additional 73,207 shares during the last quarter. Executive Wealth Management LLC acquired a new position in Republic Services in the third quarter valued at approximately $9,367,000. Finally, Barclays PLC grew its holdings in Republic Services by 11.0% during the 3rd quarter. Barclays PLC now owns 675,163 shares of the business services provider’s stock worth $135,598,000 after acquiring an additional 66,842 shares during the period. Institutional investors and hedge funds own 57.73% of the company’s stock.

Republic Services Trading Down 0.6 %

NYSE:RSG opened at $208.97 on Friday. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.07. Republic Services, Inc. has a twelve month low of $160.65 and a twelve month high of $220.58. The company has a market cap of $65.44 billion, a P/E ratio of 33.44, a price-to-earnings-growth ratio of 3.21 and a beta of 0.71. The business has a 50 day moving average price of $208.53 and a two-hundred day moving average price of $201.84.

Republic Services (NYSE:RSG) last released its earnings results on Tuesday, October 29th. The business services provider reported $1.81 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $4.12 billion. During the same quarter last year, the firm earned $1.54 earnings per share. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. As a group, analysts expect that Republic Services, Inc. will post 6.25 EPS for the current fiscal year.

Republic Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be given a dividend of $0.58 per share. The ex-dividend date is Thursday, January 2nd. This represents a $2.32 annualized dividend and a yield of 1.11%. Republic Services’s dividend payout ratio (DPR) is presently 37.12%.

Insider Buying and Selling at Republic Services

In other news, Director Katharine Weymouth sold 1,859 shares of Republic Services stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $215.27, for a total value of $400,186.93. Following the completion of the transaction, the director now owns 879 shares of the company’s stock, valued at $189,222.33. This trade represents a 67.90 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Brian M. Delghiaccio sold 5,071 shares of the business’s stock in a transaction dated 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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on RSG shares. Morgan Stanley increased their price target on Republic Services from $217.00 to $220.00 and gave the company an “equal weight” rating in a research note on Thursday. William Blair started coverage on Republic Services in a research note on Thursday, October 3rd. They issued an “outperform” rating on the stock. Deutsche Bank Aktiengesellschaft upgraded Republic Services from a “hold” rating to a “buy” rating and boosted their target price for the stock from $219.00 to $237.00 in a research report on Tuesday, December 10th. Truist Financial increased their price target on shares of Republic Services from $220.00 to $244.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Finally, Oppenheimer boosted their price objective on shares of Republic Services from $219.00 to $220.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Seven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $220.06.

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.