Republic Services, Inc. $RSG Stake Boosted by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund boosted its holdings in Republic Services, Inc. (NYSE:RSG) by 32.9% 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 23,211 shares of the business services provider’s stock after purchasing an additional 5,740 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Republic Services were worth $5,326,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Capital Investment Advisors LLC boosted its holdings in shares of Republic Services by 9.4% in the 3rd quarter. Capital Investment Advisors LLC now owns 11,168 shares of the business services provider’s stock valued at $2,563,000 after buying an additional 961 shares during the period. Nisa Investment Advisors LLC raised its stake in Republic Services by 9.8% during the third quarter. Nisa Investment Advisors LLC now owns 50,528 shares of the business services provider’s stock worth $11,595,000 after acquiring an additional 4,521 shares during the period. Benjamin Edwards Inc. lifted its holdings in Republic Services by 2.4% in the third quarter. Benjamin Edwards Inc. now owns 263,693 shares of the business services provider’s stock worth $60,525,000 after acquiring an additional 6,192 shares during the last quarter. HB Wealth Management LLC boosted its stake in Republic Services by 21.2% in the third quarter. HB Wealth Management LLC now owns 27,581 shares of the business services provider’s stock valued at $6,329,000 after acquiring an additional 4,833 shares during the period. Finally, Spire Wealth Management grew its holdings in shares of Republic Services by 14.8% during the third quarter. Spire Wealth Management now owns 9,367 shares of the business services provider’s stock valued at $2,150,000 after purchasing an additional 1,210 shares during the last quarter. 57.73% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Katharine Weymouth bought 478 shares of the company’s stock in a transaction that occurred on Tuesday, December 9th. The shares were purchased at an average price of $209.46 per share, with a total value of $100,121.88. Following the completion of the acquisition, the director directly owned 5,740 shares in the company, valued at approximately $1,202,300.40. This trade represents a 9.08% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.11% of the stock is currently owned by insiders.

Republic Services Price Performance

Shares of RSG opened at $212.17 on Friday. Republic Services, Inc. has a one year low of $201.42 and a one year high of $258.75. The stock’s fifty day moving average is $212.14 and its 200-day moving average is $224.84. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.58 and a current ratio of 0.58. The firm has a market capitalization of $65.68 billion, a price-to-earnings ratio of 31.57, a price-to-earnings-growth ratio of 3.47 and a beta of 0.55.

Republic Services (NYSE:RSG) last posted its quarterly earnings data on Friday, October 31st. The business services provider reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.12. The business had revenue of $4.21 billion during the quarter, compared to the consensus estimate of $4.25 billion. Republic Services had a net margin of 12.77% and a return on equity of 18.24%. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.81 earnings per share. Equities analysts anticipate that Republic Services, Inc. will post 6.86 EPS for the current year.

Republic Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Friday, January 2nd will be issued a $0.625 dividend. The ex-dividend date is Friday, January 2nd. This represents a $2.50 annualized dividend and a dividend yield of 1.2%. Republic Services’s dividend payout ratio (DPR) is 37.20%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Raymond James Financial reissued an “outperform” rating and issued a $240.00 price target on shares of Republic Services in a report on Friday, October 31st. UBS Group set a $220.00 target price on Republic Services in a research report on Monday, January 5th. Barclays assumed coverage on Republic Services in a research note on Friday, September 19th. They issued an “equal weight” rating and a $240.00 target price on the stock. Weiss Ratings restated a “buy (b-)” rating on shares of Republic Services in a research report on Monday, December 29th. Finally, Scotiabank cut their price objective on shares of Republic Services from $250.00 to $246.00 and set a “sector perform” rating on the stock in a research report on Friday, October 31st. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, Republic Services presently has a consensus rating of “Moderate Buy” and an average price target of $250.41.

Republic Services Profile

Republic Services, Inc is a leading provider of non-hazardous solid waste and recycling services in the United States. The company offers a broad range of waste management solutions to residential, commercial, industrial and municipal customers, positioning itself as a full-service partner for everyday waste collection as well as specialized disposal needs.

Republic’s core operations include curbside and commercial collection, transfer and hauling, materials recovery and recycling facilities, and landfill disposal.