First Hawaiian Bank Has $2.07 Million Position in Republic Services, Inc. (NYSE:RSG)

First Hawaiian Bank reduced its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 0.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,636 shares of the business services provider’s stock after selling 95 shares during the period. First Hawaiian Bank’s holdings in Republic Services were worth $2,067,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of RSG. Capital Advisors Ltd. LLC boosted its holdings in shares of Republic Services by 2.9% during the first quarter. Capital Advisors Ltd. LLC now owns 1,903 shares of the business services provider’s stock worth $364,000 after purchasing an additional 54 shares during the period. Raleigh Capital Management Inc. boosted its holdings in shares of Republic Services by 19.8% during the fourth quarter. Raleigh Capital Management Inc. now owns 357 shares of the business services provider’s stock worth $59,000 after purchasing an additional 59 shares during the period. ETF Store Inc. boosted its holdings in shares of Republic Services by 3.5% during the first quarter. ETF Store Inc. now owns 1,743 shares of the business services provider’s stock worth $334,000 after purchasing an additional 59 shares during the period. Scotia Capital Inc. boosted its holdings in shares of Republic Services by 2.4% during the fourth quarter. Scotia Capital Inc. now owns 2,708 shares of the business services provider’s stock worth $447,000 after purchasing an additional 64 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of Republic Services by 0.3% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 25,150 shares of the business services provider’s stock worth $4,147,000 after purchasing an additional 66 shares during the period. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Republic Services Trading Down 2.4 %

NYSE:RSG traded down $4.85 during mid-day trading on Monday, hitting $195.15. 1,912,574 shares of the stock traded hands, compared to its average volume of 1,223,866. The stock has a market capitalization of $61.46 billion, a price-to-earnings ratio of 34.04, a PEG ratio of 3.18 and a beta of 0.69. Republic Services, Inc. has a 52 week low of $140.23 and a 52 week high of $206.54. The firm’s 50 day moving average is $193.12 and its two-hundred day moving average is $187.21. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.05.

Republic Services Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Wednesday, October 2nd will be given a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 1.19%. This is a boost from Republic Services’s previous quarterly dividend of $0.54. The ex-dividend date is Wednesday, October 2nd. Republic Services’s payout ratio is 40.70%.

Insider Buying and Selling at Republic Services

In other Republic Services news, Director Katharine Weymouth purchased 540 shares of the stock in a transaction dated Tuesday, June 4th. The stock was purchased at an average price of $185.26 per share, with a total value of $100,040.40. Following the transaction, the director now owns 540 shares of the company’s stock, valued at $100,040.40. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.09% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

RSG has been the subject of a number of analyst reports. Royal Bank of Canada increased their target price 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. BMO Capital Markets raised their price objective on shares of Republic Services from $209.00 to $211.00 and gave the stock a “market perform” rating in a report on Thursday, July 25th. Stifel Nicolaus raised their price objective 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. Truist Financial upgraded shares of Republic Services from a “hold” rating to a “buy” rating and raised their price objective for the stock from $192.00 to $220.00 in a report on Thursday, July 11th. Finally, Oppenheimer lowered their price objective on shares of Republic Services from $211.00 to $210.00 and set an “outperform” rating for the company in a report on Thursday, July 25th. Ten research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $211.00.

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.