Catalina Capital Group LLC Has $901,000 Stock Position in Republic Services, Inc. (NYSE:RSG)

Catalina Capital Group LLC grew its stake in shares of Republic Services, Inc. (NYSE:RSG) by 4.1% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 4,484 shares of the business services provider’s stock after purchasing an additional 176 shares during the period. Catalina Capital Group LLC’s holdings in Republic Services were worth $901,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the stock. Wolff Wiese Magana LLC grew its position in shares of Republic Services by 351.6% in the 3rd quarter. Wolff Wiese Magana LLC now owns 140 shares of the business services provider’s stock worth $28,000 after buying an additional 109 shares during the last quarter. EntryPoint Capital LLC bought a new position in Republic Services in the first quarter worth $29,000. Webster Bank N. A. purchased a new position in Republic Services during the 3rd quarter valued at about $31,000. Itau Unibanco Holding S.A. purchased a new stake in Republic Services in the second quarter worth about $36,000. Finally, Indiana Trust & Investment Management CO bought a new position in shares of Republic Services during the second quarter valued at approximately $45,000. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Insider Activity

In other Republic Services news, Director Tomago Collins sold 3,200 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $203.01, for a total transaction of $649,632.00. Following the transaction, the director now owns 17,486 shares of the company’s stock, valued at $3,549,832.86. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.09% of the company’s stock.

Wall Street Analysts Forecast Growth

RSG has been the topic of a number of recent analyst reports. StockNews.com cut shares of Republic Services from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 1st. Truist Financial boosted their target price on Republic Services from $220.00 to $244.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Scotiabank assumed coverage on shares of Republic Services in a report on Friday, October 4th. They set a “sector perform” rating and a $224.00 price objective for the company. William Blair started coverage on shares of Republic Services in a research report on Thursday, October 3rd. They issued an “outperform” rating for the company. Finally, TD Cowen lifted their price objective on Republic Services from $195.00 to $200.00 and gave the stock a “hold” rating in a report on Monday, August 5th. Nine equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $215.71.

Republic Services Stock Performance

Republic Services stock opened at $202.10 on Wednesday. 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 1-year low of $153.13 and a 1-year high of $208.69. The firm has a 50 day simple moving average of $203.21 and a 200-day simple moving average of $197.03. The stock has a market cap of $63.29 billion, a price-to-earnings ratio of 32.34, a price-to-earnings-growth ratio of 3.04 and a beta of 0.70.

Republic Services (NYSE:RSG) last announced its quarterly 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 firm had revenue of $4.08 billion during the quarter, compared to analysts’ expectations of $4.12 billion. During the same period in the previous year, the company earned $1.54 earnings per share. Republic Services’s quarterly revenue was up 6.5% compared to the same quarter last year. On average, analysts expect that Republic Services, Inc. will post 6.24 EPS for the current year.

Republic Services Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.15%. Republic Services’s dividend payout ratio (DPR) is presently 37.12%.

About Republic Services

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.