Financial Counselors Inc. Invests $254,000 in Republic Services, Inc. (NYSE:RSG)

Financial Counselors Inc. purchased a new position in shares of Republic Services, Inc. (NYSE:RSG) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 1,265 shares of the business services provider’s stock, valued at approximately $254,000.

Several other large investors also recently modified their holdings of the stock. Public Sector Pension Investment Board increased its stake in shares of Republic Services by 17.4% during the 3rd quarter. Public Sector Pension Investment Board now owns 6,761 shares of the business services provider’s stock worth $1,358,000 after purchasing an additional 1,000 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Republic Services by 16.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 92,827 shares of the business services provider’s stock worth $18,643,000 after purchasing an additional 13,211 shares during the last quarter. FORA Capital LLC increased its stake in shares of Republic Services by 5.4% during the 3rd quarter. FORA Capital LLC now owns 7,609 shares of the business services provider’s stock worth $1,528,000 after purchasing an additional 387 shares during the last quarter. First Commonwealth Financial Corp PA increased its stake in shares of Republic Services by 1.5% during the 3rd quarter. First Commonwealth Financial Corp PA now owns 3,721 shares of the business services provider’s stock worth $747,000 after purchasing an additional 56 shares during the last quarter. Finally, CreativeOne Wealth LLC increased its stake in shares of Republic Services by 15.8% during the 3rd quarter. CreativeOne Wealth LLC now owns 2,156 shares of the business services provider’s stock worth $433,000 after purchasing an additional 294 shares during the last quarter. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Insiders Place Their Bets

In other Republic Services news, CFO Brian M. Delghiaccio sold 5,071 shares of the business’s stock in a transaction 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 completion of the sale, the chief financial officer now directly owns 6,318 shares of the company’s stock, valued at $1,326,906.36. The trade was a 44.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.09% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on RSG shares. TD Cowen lifted their price objective on shares of Republic Services from $195.00 to $200.00 and gave the company a “hold” rating in a research note on Monday, August 5th. Truist Financial lifted their price objective on shares of Republic Services from $220.00 to $244.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Morgan Stanley lifted their price objective on shares of Republic Services from $208.00 to $217.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Scotiabank started coverage on shares of Republic Services in a research note on Friday, October 4th. They issued a “sector perform” rating and a $224.00 price objective for the company. Finally, William Blair started coverage on shares of Republic Services in a research note on Thursday, October 3rd. They issued an “outperform” rating for the company. Nine research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $215.71.

Republic Services Stock Performance

NYSE RSG opened at $218.30 on Monday. Republic Services, Inc. has a 52-week low of $159.38 and a 52-week high of $220.58. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.64 and a current ratio of 0.64. The company 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. The company has a fifty day moving average of $206.22 and a 200-day moving average of $200.08.

Republic Services (NYSE:RSG) last posted its quarterly earnings data on Tuesday, October 29th. The business services provider reported $1.81 earnings per share (EPS) for the quarter, topping 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 company had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $4.12 billion. During the same period in the previous year, the firm posted $1.54 EPS. The firm’s revenue was up 6.5% compared to the same quarter last year. As a group, equities research analysts predict 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. Shareholders of record on Thursday, January 2nd will be paid a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 1.06%. The ex-dividend date of this dividend is Thursday, January 2nd. Republic Services’s dividend payout ratio is presently 37.12%.

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.