Smithfield Trust Co Purchases 219 Shares of Republic Services, Inc. (NYSE:RSG)

Smithfield Trust Co boosted its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 2.4% during the third quarter, Holdings Channel reports. The firm owned 9,268 shares of the business services provider’s stock after acquiring an additional 219 shares during the quarter. Smithfield Trust Co’s holdings in Republic Services were worth $1,857,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of RSG. Bessemer Group Inc. increased its stake in shares of Republic Services by 222.7% during the first quarter. Bessemer Group Inc. now owns 23,663 shares of the business services provider’s stock valued at $4,529,000 after purchasing an additional 16,331 shares in the last quarter. Lake Street Advisors Group LLC increased its holdings in shares of Republic Services by 42.6% during the first quarter. Lake Street Advisors Group LLC now owns 2,086 shares of the business services provider’s stock valued at $399,000 after acquiring an additional 623 shares in the last quarter. Natixis boosted its stake in Republic Services by 78.6% in the 1st quarter. Natixis now owns 27,858 shares of the business services provider’s stock worth $5,333,000 after purchasing an additional 12,260 shares in the last quarter. Crewe Advisors LLC bought a new stake in Republic Services during the 1st quarter valued at about $90,000. Finally, EntryPoint Capital LLC bought a new position in shares of Republic Services in the first quarter worth approximately $29,000. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Republic Services Stock Up 0.8 %

Shares of NYSE RSG opened at $212.62 on Thursday. Republic Services, Inc. has a 12-month low of $158.68 and a 12-month high of $216.18. The stock has a market capitalization of $66.58 billion, a price-to-earnings ratio of 34.02, a P/E/G ratio of 3.22 and a beta of 0.70. The firm’s 50-day moving average price is $204.17 and its 200-day moving average price is $198.54. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.07.

Republic Services (NYSE:RSG) last announced 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. The firm had revenue of $4.08 billion during the quarter, compared to analyst estimates of $4.12 billion. Republic Services had a return on equity of 18.18% and a net margin of 12.46%. Republic Services’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.54 earnings per share. On average, equities research analysts anticipate that Republic Services, Inc. will post 6.24 EPS for the current fiscal 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 $0.58 dividend. The ex-dividend date is Thursday, January 2nd. This represents a $2.32 annualized dividend and a dividend yield of 1.09%. Republic Services’s dividend payout ratio is currently 37.12%.

Analysts Set New Price Targets

RSG has been the subject of a number of research analyst reports. Raymond James reduced their target price on Republic Services from $219.00 to $214.00 and set an “outperform” rating for the company in a report on Thursday, July 25th. TD Cowen boosted their target price on Republic Services from $195.00 to $200.00 and gave the stock a “hold” rating in a research report on Monday, August 5th. William Blair started coverage on shares of Republic Services in a report on Thursday, October 3rd. They set an “outperform” rating on the stock. Royal Bank of Canada increased their price objective on shares of Republic Services from $211.00 to $219.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 30th. Finally, CIBC boosted their target price on shares of Republic Services from $208.00 to $217.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Nine research 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.com, Republic Services has an average rating of “Moderate Buy” and an average price target of $215.71.

Insider Transactions at Republic Services

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

Republic Services Company 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.