AAFMAA Wealth Management & Trust LLC Acquires 363 Shares of Republic Services, Inc. (NYSE:RSG)

AAFMAA Wealth Management & Trust LLC grew its position in shares of Republic Services, Inc. (NYSE:RSG) by 3.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,748 shares of the business services provider’s stock after buying an additional 363 shares during the quarter. AAFMAA Wealth Management & Trust LLC’s holdings in Republic Services were worth $1,958,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of RSG. Integrated Advisors Network LLC bought a new position in shares of Republic Services during the 4th quarter valued at $236,000. Quadrature Capital Ltd bought a new position in shares of Republic Services during the 4th quarter valued at $1,218,000. Nomura Holdings Inc. bought a new position in shares of Republic Services during the 4th quarter valued at $678,000. Kapitalo Investimentos Ltda purchased a new stake in shares of Republic Services in the 4th quarter worth $211,000. Finally, GAMMA Investing LLC increased its stake in shares of Republic Services by 24.4% in the 1st quarter. GAMMA Investing LLC now owns 2,085 shares of the business services provider’s stock worth $399,000 after purchasing an additional 409 shares in the last quarter. 57.73% of the stock is owned by institutional investors.

Republic Services Stock Down 0.5 %

Shares of NYSE:RSG opened at $205.55 on Thursday. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.05. Republic Services, Inc. has a 12 month low of $142.65 and a 12 month high of $208.69. The company has a 50-day moving average price of $203.77 and a 200 day moving average price of $195.67. The company has a market cap of $64.73 billion, a price-to-earnings ratio of 36.06, a PEG ratio of 3.26 and a beta of 0.69.

Republic Services (NYSE:RSG) last announced its quarterly earnings results on Wednesday, July 24th. The business services provider reported $1.61 EPS for the quarter, beating analysts’ consensus estimates of $1.53 by $0.08. Republic Services had a net margin of 12.11% and a return on equity of 17.81%. The firm had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $4.03 billion. As a group, equities research analysts predict that Republic Services, Inc. will post 6.18 earnings per share for the current year.

Republic Services Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Wednesday, October 2nd were paid a $0.58 dividend. The ex-dividend date of this dividend was Wednesday, October 2nd. This represents a $2.32 annualized dividend and a yield of 1.13%. This is an increase from Republic Services’s previous quarterly dividend of $0.54. Republic Services’s dividend payout ratio (DPR) is presently 40.70%.

Analyst Ratings Changes

RSG has been the subject of several analyst reports. CIBC upped their price objective on Republic Services from $196.00 to $208.00 and gave the stock a “neutral” rating in a research note on Thursday, July 25th. Scotiabank initiated coverage on Republic Services in a research note on Friday, October 4th. They issued a “sector perform” rating and a $224.00 price objective for the company. Stifel Nicolaus upped their price objective on Republic Services from $215.00 to $230.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. TD Cowen upped their price objective on Republic Services from $195.00 to $200.00 and gave the stock a “hold” rating in a research note on Monday, August 5th. Finally, Oppenheimer reduced their price objective on Republic Services from $211.00 to $210.00 and set an “outperform” rating for the company in a research note on Thursday, July 25th. Ten investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $211.65.

Insiders Place Their Bets

In other Republic Services news, Director Tomago Collins sold 3,200 shares of the firm’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $203.01, for a total value of $649,632.00. Following the completion of the sale, the director now owns 17,486 shares of the company’s stock, valued at $3,549,832.86. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.09% of the stock is owned by insiders.

About Republic Services

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.