Republic Services, Inc. (NYSE:RSG) Shares Bought by Harvest Portfolios Group Inc.

Harvest Portfolios Group Inc. boosted its holdings in Republic Services, Inc. (NYSE:RSG) by 18.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,388 shares of the business services provider’s stock after purchasing an additional 840 shares during the quarter. Harvest Portfolios Group Inc.’s holdings in Republic Services were worth $1,082,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of RSG. State Board of Administration of Florida Retirement System increased its holdings in shares of Republic Services by 8.8% during the first quarter. State Board of Administration of Florida Retirement System now owns 239,031 shares of the business services provider’s stock valued at $45,760,000 after purchasing an additional 19,414 shares during the period. Assenagon Asset Management S.A. grew its stake in shares of Republic Services by 15.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 5,663 shares of the business services provider’s stock valued at $1,137,000 after buying an additional 746 shares in the last quarter. PGGM Investments increased its stake in shares of Republic Services by 264.3% during the 2nd quarter. PGGM Investments now owns 8,842 shares of the business services provider’s stock worth $1,718,000 after purchasing an additional 6,415 shares during the last quarter. Forsta AP Fonden boosted its holdings in Republic Services by 11.7% in the first quarter. Forsta AP Fonden now owns 45,000 shares of the business services provider’s stock worth $8,615,000 after purchasing an additional 4,700 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in Republic Services by 0.6% during the first quarter. Vanguard Group Inc. now owns 18,254,878 shares of the business services provider’s stock valued at $3,494,714,000 after purchasing an additional 101,518 shares during the last quarter. 57.73% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Republic Services

In other Republic Services news, Director Tomago Collins sold 3,200 shares of the company’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $203.01, for a total value of $649,632.00. Following the completion of the sale, the director now directly owns 17,486 shares of the company’s stock, valued at approximately $3,549,832.86. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.09% of the stock is owned by insiders.

Republic Services Stock Up 2.4 %

Shares of RSG opened at $207.07 on Thursday. 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 one year low of $154.49 and a one year high of $208.69. The company has a market cap of $64.84 billion, a P/E ratio of 33.13, a P/E/G ratio of 3.07 and a beta of 0.70. The firm has a 50 day simple moving average of $203.21 and a two-hundred day simple moving average of $197.10.

Republic Services (NYSE:RSG) last posted its earnings results on Tuesday, October 29th. The business services provider reported $1.81 earnings per share for the quarter, topping analysts’ consensus estimates of $1.61 by $0.20. The firm had revenue of $4.08 billion for 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 company’s revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.54 earnings per share. Research analysts forecast that Republic Services, Inc. will post 6.24 EPS for the current fiscal year.

Republic Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd will be paid a dividend of $0.58 per share. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $2.32 dividend on an annualized basis and a yield of 1.12%. Republic Services’s dividend payout ratio (DPR) is currently 37.12%.

Wall Street Analyst Weigh In

Several research analysts recently commented on RSG shares. Stifel Nicolaus lifted their target price on shares of Republic Services from $215.00 to $230.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Raymond James reduced their price objective on Republic Services from $219.00 to $214.00 and set an “outperform” rating for the company in a research report on Thursday, July 25th. Scotiabank began coverage on shares of Republic Services in a research note on Friday, October 4th. They set a “sector perform” rating and a $224.00 target price for the company. William Blair began coverage on Republic Services in a research report on Thursday, October 3rd. They set an “outperform” rating on the stock. Finally, Truist Financial upped their target price on shares of Republic Services from $220.00 to $244.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Nine analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, Republic Services currently has a consensus rating of “Moderate Buy” and an average price target 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.