Toronto Dominion Bank Boosts Position in Republic Services, Inc. (NYSE:RSG)

Toronto Dominion Bank grew its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 2.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 105,517 shares of the business services provider’s stock after buying an additional 2,144 shares during the period. Toronto Dominion Bank’s holdings in Republic Services were worth $21,192,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in RSG. Stifel Financial Corp increased its stake in shares of Republic Services by 437.9% during the third quarter. Stifel Financial Corp now owns 1,814,613 shares of the business services provider’s stock valued at $364,449,000 after buying an additional 1,477,255 shares during the period. Wellington Management Group LLP boosted its position in shares of Republic Services by 23.2% during the third quarter. Wellington Management Group LLP now owns 6,004,199 shares of the business services provider’s stock valued at $1,205,883,000 after purchasing an additional 1,131,850 shares in the last quarter. International Assets Investment Management LLC boosted its position in shares of Republic Services by 83,671.9% during the third quarter. International Assets Investment Management LLC now owns 538,653 shares of the business services provider’s stock valued at $108,183,000 after purchasing an additional 538,010 shares in the last quarter. National Bank of Canada FI boosted its position in shares of Republic Services by 544.7% during the third quarter. National Bank of Canada FI now owns 545,613 shares of the business services provider’s stock valued at $109,580,000 after purchasing an additional 460,989 shares in the last quarter. Finally, Two Sigma Advisers LP boosted its position in shares of Republic Services by 169.3% during the third quarter. Two Sigma Advisers LP now owns 554,500 shares of the business services provider’s stock valued at $111,366,000 after purchasing an additional 348,600 shares in the last quarter. 57.73% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Katharine Weymouth sold 1,859 shares of the stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $215.27, for a total transaction of $400,186.93. Following the completion of the transaction, the director now directly owns 879 shares of the company’s stock, valued at approximately $189,222.33. This represents a 67.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Brian M. Delghiaccio sold 5,071 shares of the stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 6,318 shares of the company’s stock, valued at approximately $1,326,906.36. The trade was a 44.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.09% of the company’s stock.

Wall Street Analyst Weigh In

RSG has been the topic of several research reports. BMO Capital Markets upgraded Republic Services from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $211.00 to $238.00 in a research report on Friday, December 6th. CIBC lifted their price target on Republic Services from $217.00 to $227.00 and gave the company a “neutral” rating in a research report on Wednesday, December 4th. Oppenheimer boosted their target price on Republic Services from $219.00 to $220.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Royal Bank of Canada boosted their target price on Republic Services from $211.00 to $219.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 30th. Finally, Morgan Stanley boosted their target price on Republic Services from $217.00 to $220.00 and gave the stock an “equal weight” rating in a report on Thursday. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $220.06.

Republic Services Stock Down 0.0 %

Republic Services stock opened at $210.25 on Friday. The stock has a market cap of $65.84 billion, a PE ratio of 33.64, a price-to-earnings-growth ratio of 3.21 and a beta of 0.71. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.64 and a current ratio of 0.64. Republic Services, Inc. has a one year low of $160.65 and a one year high of $220.58. The stock has a fifty day moving average of $208.20 and a 200 day moving average of $201.50.

Republic Services (NYSE:RSG) last issued its quarterly earnings results on Tuesday, October 29th. The business services provider reported $1.81 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.20. The business 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 business’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.54 earnings per share. As a group, sell-side analysts predict that Republic Services, Inc. will post 6.25 EPS for the current year.

Republic Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd will be given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 1.10%. 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.