Republic Services, Inc. (NYSE:RSG) Shares Bought by Swiss National Bank

Swiss National Bank increased its position in Republic Services, Inc. (NYSE:RSG) by 0.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 654,330 shares of the business services provider’s stock after buying an additional 1,500 shares during the quarter. Swiss National Bank owned about 0.21% of Republic Services worth $131,416,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of RSG. Wolff Wiese Magana LLC lifted its holdings in shares of Republic Services by 351.6% in the third quarter. Wolff Wiese Magana LLC now owns 140 shares of the business services provider’s stock valued at $28,000 after buying an additional 109 shares during the period. EntryPoint Capital LLC acquired a new stake in shares of Republic Services during the first quarter worth $29,000. Webster Bank N. A. acquired a new stake in shares of Republic Services during the third quarter worth $31,000. Itau Unibanco Holding S.A. acquired a new stake in shares of Republic Services during the second quarter worth $36,000. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of Republic Services during the third quarter worth $39,000. Institutional investors and hedge funds own 57.73% of the company’s stock.

Republic Services Trading Down 0.7 %

Republic Services stock opened at $208.04 on Monday. The business has a 50 day moving average price of $203.84 and a two-hundred day moving average price of $198.10. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.07. The stock has a market cap of $65.15 billion, a price-to-earnings ratio of 33.29, a price-to-earnings-growth ratio of 3.18 and a beta of 0.70. Republic Services, Inc. has a 12 month low of $157.46 and a 12 month high of $216.18.

Republic Services (NYSE:RSG) last posted its quarterly earnings results on Tuesday, October 29th. The business services provider reported $1.81 EPS for the quarter, beating the consensus estimate 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 for the quarter was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.54 EPS. As a group, equities analysts forecast that Republic Services, Inc. will post 6.24 EPS for the current year.

Republic Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd will be given a $0.58 dividend. The ex-dividend date is Thursday, January 2nd. This represents a $2.32 annualized dividend and a dividend yield of 1.12%. Republic Services’s dividend payout ratio is currently 37.12%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on RSG shares. 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 research report on Wednesday, October 30th. Robert W. Baird upped their price target on Republic Services from $208.00 to $210.00 and gave the company a “neutral” rating in a research report on Thursday, July 25th. Truist Financial boosted their target price on Republic Services from $220.00 to $244.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Stifel Nicolaus boosted their target price on Republic Services from $215.00 to $230.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Finally, Morgan Stanley boosted their target price on Republic Services from $208.00 to $217.00 and gave the company an “equal weight” 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’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $215.71.

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.