Republic Services, Inc. (NYSE:RSG) Shares Acquired by D.A. Davidson & CO.

D.A. Davidson & CO. boosted its stake in Republic Services, Inc. (NYSE:RSG) by 1.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,697 shares of the business services provider’s stock after buying an additional 129 shares during the period. D.A. Davidson & CO.’s holdings in Republic Services were worth $2,550,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in RSG. Wolff Wiese Magana LLC increased its holdings 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 acquiring an additional 109 shares during the period. Webster Bank N. A. acquired a new stake in shares of Republic Services in the third quarter valued at approximately $31,000. Truvestments Capital LLC bought a new stake in shares of Republic Services during the third quarter valued at approximately $34,000. Itau Unibanco Holding S.A. acquired a new position in shares of Republic Services during the second quarter worth approximately $36,000. Finally, Ashton Thomas Securities LLC acquired a new stake in Republic Services in the 3rd quarter valued at approximately $39,000. 57.73% of the stock is currently owned by institutional investors.

Republic Services Trading Up 0.0 %

Shares of RSG opened at $218.30 on Friday. The business’s 50-day moving average price is $206.22 and its 200 day moving average price is $199.90. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.07. The stock has a market capitalization of $68.36 billion, a P/E ratio of 34.93, a P/E/G ratio of 3.34 and a beta of 0.70. Republic Services, Inc. has a 1-year low of $159.38 and a 1-year high of $220.58.

Republic Services (NYSE:RSG) last released its quarterly earnings results on Tuesday, October 29th. The business services provider reported $1.81 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $4.12 billion. During the same quarter in the previous year, the business earned $1.54 earnings per share. The firm’s revenue was up 6.5% compared to the same quarter last year. Analysts expect that Republic Services, Inc. will post 6.24 earnings per share for the current year.

Republic Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders 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 dividend yield of 1.06%. Republic Services’s dividend payout ratio is 37.12%.

Insider Buying and Selling

In other Republic Services news, CFO Brian M. Delghiaccio sold 5,071 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $210.02, for a total value of $1,065,011.42. Following the transaction, the chief financial officer now owns 6,318 shares in the company, valued at approximately $1,326,906.36. This represents a 44.53 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.09% of the company’s stock.

Analyst Upgrades and Downgrades

RSG has been the subject of several recent analyst reports. Royal Bank of Canada increased their price target on Republic Services from $211.00 to $219.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 30th. CIBC increased their target price on shares of Republic Services from $208.00 to $217.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. William Blair initiated coverage on shares of Republic Services in a research report on Thursday, October 3rd. They set an “outperform” rating on the stock. Morgan Stanley increased their price objective on shares of Republic Services from $208.00 to $217.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. Finally, Truist Financial boosted their target price on Republic Services from $220.00 to $244.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Nine investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $215.71.

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.