5,303 Shares in Republic Services, Inc. (NYSE:RSG) Purchased by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB purchased a new position in shares of Republic Services, Inc. (NYSE:RSG) in the third quarter, Holdings Channel.com reports. The fund purchased 5,303 shares of the business services provider’s stock, valued at approximately $1,065,000.

Other institutional investors have also recently made changes to their positions in the company. Stifel Financial Corp raised its position in Republic Services by 437.9% in 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 purchasing an additional 1,477,255 shares during the period. Wellington Management Group LLP raised its holdings in Republic Services by 23.2% in the 3rd 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 buying an additional 1,131,850 shares during the period. International Assets Investment Management LLC lifted its position in Republic Services by 83,671.9% in 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 buying an additional 538,010 shares during the last quarter. National Bank of Canada FI increased 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 acquiring an additional 460,989 shares during the last quarter. Finally, Two Sigma Advisers LP raised its stake in shares of Republic Services by 169.3% in the 3rd quarter. Two Sigma Advisers LP now owns 554,500 shares of the business services provider’s stock valued at $111,366,000 after acquiring an additional 348,600 shares during the period. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Republic Services Trading Down 0.6 %

NYSE RSG opened at $208.97 on Friday. The firm’s fifty day moving average is $208.53 and its two-hundred day moving average is $201.84. Republic Services, Inc. has a one year low of $160.65 and a one year 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 firm has a market cap of $65.44 billion, a PE ratio of 33.44, a P/E/G ratio of 3.21 and a beta of 0.71.

Republic Services (NYSE:RSG) last posted its quarterly earnings data on Tuesday, October 29th. The business services provider reported $1.81 earnings per share for the quarter, topping analysts’ consensus estimates of $1.61 by $0.20. Republic Services had a return on equity of 18.18% and a net margin of 12.46%. The company had revenue of $4.08 billion during the quarter, compared to analysts’ expectations of $4.12 billion. During the same period last year, the firm earned $1.54 EPS. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. Analysts expect that Republic Services, Inc. will post 6.25 earnings per share for the current year.

Republic Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be paid a $0.58 dividend. The ex-dividend date is Thursday, January 2nd. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.11%. Republic Services’s dividend payout ratio (DPR) is presently 37.12%.

Insider Buying and Selling

In related news, CFO Brian M. Delghiaccio sold 5,071 shares of the business’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $210.02, for a total transaction of $1,065,011.42. Following the sale, the chief financial officer now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Katharine Weymouth sold 1,859 shares of Republic Services stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $215.27, for a total transaction of $400,186.93. Following the sale, the director now owns 879 shares of the company’s stock, valued at approximately $189,222.33. The trade was a 67.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on RSG. William Blair began coverage on shares of Republic Services in a report on Thursday, October 3rd. They issued an “outperform” rating for the company. BMO Capital Markets raised Republic Services from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $211.00 to $238.00 in a research note on Friday, December 6th. Scotiabank assumed coverage on Republic Services in a research report on Friday, October 4th. They issued a “sector perform” rating and a $224.00 target price for the company. Oppenheimer raised their price objective on shares of Republic Services from $219.00 to $220.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Finally, Truist Financial upped their target price on shares of Republic Services from $220.00 to $244.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $220.06.

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.