AAFMAA Wealth Management & Trust LLC Raises Stock Position in Republic Services, Inc. (NYSE:RSG)

AAFMAA Wealth Management & Trust LLC boosted its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 3.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,748 shares of the business services provider’s stock after buying an additional 363 shares during the quarter. AAFMAA Wealth Management & Trust LLC’s holdings in Republic Services were worth $1,958,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

RSG has been the topic of several analyst reports. TD Cowen lifted their price target on shares of Republic Services from $195.00 to $200.00 and gave the stock a “hold” rating in a report on Monday, August 5th. Stifel Nicolaus lifted 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. Oppenheimer cut their price target on shares of Republic Services from $211.00 to $210.00 and set an “outperform” rating on the stock in a report on Thursday, July 25th. Raymond James cut their price target on shares of Republic Services from $219.00 to $214.00 and set an “outperform” rating on the stock in a report on Thursday, July 25th. Finally, Royal Bank of Canada lifted their price target on shares of Republic Services from $201.00 to $211.00 and gave the stock a “sector perform” rating in a report on Thursday, July 25th. Ten 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, Republic Services presently has a consensus rating of “Moderate Buy” and an average price target of $211.65.

Insiders Place Their Bets

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 transaction, the director now owns 17,486 shares in the company, valued at approximately $3,549,832.86. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.09% of the company’s stock.

Republic Services Trading Down 0.5 %

NYSE RSG opened at $205.55 on Thursday. The company has a market capitalization of $64.73 billion, a PE ratio of 36.06, a P/E/G ratio of 3.26 and a beta of 0.69. The company has a fifty day moving average of $203.77 and a 200 day moving average of $195.67. Republic Services, Inc. has a 1 year low of $142.65 and a 1 year high of $208.69. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.59 and a quick ratio of 0.59.

Republic Services (NYSE:RSG) last posted its earnings results on Wednesday, July 24th. The business services provider reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.53 by $0.08. The company had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $4.03 billion. Republic Services had a net margin of 12.11% and a return on equity of 17.81%. Research analysts forecast that Republic Services, Inc. will post 6.18 earnings per share for the current year.

Republic Services Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Wednesday, October 2nd were given a dividend of $0.58 per share. The ex-dividend date of this dividend was Wednesday, October 2nd. This is an increase from Republic Services’s previous quarterly dividend of $0.54. This represents a $2.32 dividend on an annualized basis and a yield of 1.13%. Republic Services’s payout ratio is currently 40.70%.

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.