Republic Services, Inc. (NYSE:RSG) Stock Position Raised by Strengthening Families & Communities LLC

Strengthening Families & Communities LLC increased its position in shares of Republic Services, Inc. (NYSE:RSG) by 5.3% in the 3rd quarter, Holdings Channel.com reports. The fund owned 15,880 shares of the business services provider’s stock after buying an additional 797 shares during the quarter. Strengthening Families & Communities LLC’s holdings in Republic Services were worth $3,189,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Wolff Wiese Magana LLC grew its position 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 worth $28,000 after buying an additional 109 shares in the last quarter. EntryPoint Capital LLC bought a new stake in Republic Services during the 1st quarter worth approximately $29,000. Webster Bank N. A. bought a new stake in Republic Services during the 3rd quarter worth approximately $31,000. Itau Unibanco Holding S.A. bought a new stake in Republic Services during the 2nd quarter worth approximately $36,000. Finally, Ashton Thomas Securities LLC acquired a new position in Republic Services during the 3rd quarter worth $39,000. 57.73% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

RSG has been the topic of several research reports. Oppenheimer upped their price objective on Republic Services from $219.00 to $220.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. William Blair initiated coverage on Republic Services in a report on Thursday, October 3rd. They set an “outperform” rating on the stock. Scotiabank assumed coverage on Republic Services in a report on Friday, October 4th. They set a “sector perform” rating and a $224.00 price objective on the stock. Raymond James cut their price target on Republic Services from $219.00 to $214.00 and set an “outperform” rating on the stock in a research note on Thursday, July 25th. Finally, Royal Bank of Canada increased their price target on Republic Services from $211.00 to $219.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 30th. Nine equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, Republic Services has a consensus rating of “Moderate Buy” and a consensus target price of $215.71.

Republic Services Price Performance

RSG stock opened at $208.04 on Monday. The stock has a 50-day moving average price of $203.84 and a two-hundred day moving average price of $198.10. The stock has a market cap of $65.15 billion, a PE ratio of 33.29, a price-to-earnings-growth ratio of 3.18 and a beta of 0.70. 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, Inc. has a 1 year low of $157.46 and a 1 year high of $216.18.

Republic Services (NYSE:RSG) last released its earnings results 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. The firm had revenue of $4.08 billion during the quarter, compared to analysts’ expectations of $4.12 billion. Republic Services had a return on equity of 18.18% and a net margin of 12.46%. The company’s revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.54 EPS. Equities analysts forecast that Republic Services, Inc. will post 6.24 EPS for the current fiscal year.

Republic Services Announces Dividend

The business also recently disclosed 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. This represents a $2.32 annualized dividend and a dividend yield of 1.12%. The ex-dividend date of this dividend is Thursday, January 2nd. Republic Services’s payout ratio is 37.12%.

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.