Kentucky Retirement Systems Insurance Trust Fund Sells 559 Shares of Republic Services, Inc. (NYSE:RSG)

Kentucky Retirement Systems Insurance Trust Fund lessened its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 8.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,044 shares of the business services provider’s stock after selling 559 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Republic Services were worth $1,214,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Empowered Funds LLC increased its position in shares of Republic Services by 4.1% during the third quarter. Empowered Funds LLC now owns 15,172 shares of the business services provider’s stock worth $3,047,000 after acquiring an additional 597 shares in the last quarter. Empirical Finance LLC increased its holdings in Republic Services by 2.0% during the 3rd quarter. Empirical Finance LLC now owns 7,114 shares of the business services provider’s stock worth $1,429,000 after purchasing an additional 142 shares in the last quarter. First Business Financial Services Inc. raised its stake in shares of Republic Services by 4.7% in the third quarter. First Business Financial Services Inc. now owns 12,494 shares of the business services provider’s stock worth $2,509,000 after purchasing an additional 558 shares during the last quarter. Sycomore Asset Management lifted its holdings in shares of Republic Services by 13.1% in the third quarter. Sycomore Asset Management now owns 13,884 shares of the business services provider’s stock valued at $2,787,000 after purchasing an additional 1,610 shares in the last quarter. Finally, Lifeworks Advisors LLC boosted its position in shares of Republic Services by 1,112.3% during the third quarter. Lifeworks Advisors LLC now owns 21,469 shares of the business services provider’s stock valued at $4,312,000 after buying an additional 19,698 shares during the last quarter. Institutional investors and hedge funds own 57.73% of the company’s stock.

Republic Services Trading Down 0.7 %

Shares of RSG opened at $208.04 on Monday. The firm has a market cap of $65.15 billion, a P/E ratio of 33.29, a price-to-earnings-growth ratio of 3.18 and a beta of 0.70. Republic Services, Inc. has a fifty-two week low of $157.46 and a fifty-two week high of $216.18. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.64 and a current ratio of 0.64. The business has a 50-day moving average of $203.84 and a 200 day moving average of $198.10.

Republic Services (NYSE:RSG) last released its quarterly earnings data 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. Republic Services had a net margin of 12.46% and a return on equity of 18.18%. The company had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $4.12 billion. During the same period last year, the firm earned $1.54 EPS. Republic Services’s revenue for the quarter was up 6.5% on a year-over-year basis. As a group, research analysts forecast that Republic Services, Inc. will post 6.24 EPS for the current year.

Republic Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be issued a dividend of $0.58 per share. The ex-dividend date 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 37.12%.

Analyst Upgrades and Downgrades

RSG has been the subject of a number of analyst reports. Royal Bank of Canada increased 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. Robert W. Baird increased their target price on shares of Republic Services from $208.00 to $210.00 and gave the company a “neutral” rating in a report on Thursday, July 25th. Stifel Nicolaus boosted their price target 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. Truist Financial increased their price objective 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. Finally, William Blair began coverage on Republic Services in a research note on Thursday, October 3rd. They issued an “outperform” rating on the stock. Nine investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.