Republic Services, Inc. (NYSE:RSG) Shares Sold by Janney Capital Management LLC

Janney Capital Management LLC reduced its holdings in Republic Services, Inc. (NYSE:RSG) by 0.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 42,275 shares of the business services provider’s stock after selling 398 shares during the quarter. Janney Capital Management LLC’s holdings in Republic Services were worth $8,491,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the business. Norden Group LLC lifted its holdings in Republic Services by 13.3% in the first quarter. Norden Group LLC now owns 3,829 shares of the business services provider’s stock worth $733,000 after purchasing an additional 449 shares during the period. J.W. Cole Advisors Inc. boosted its holdings in shares of Republic Services by 12.1% in the first quarter. J.W. Cole Advisors Inc. now owns 2,056 shares of the business services provider’s stock valued at $394,000 after acquiring an additional 222 shares in the last quarter. Diversify Advisory Services LLC acquired a new position in shares of Republic Services during the first quarter valued at approximately $206,000. Mission Wealth Management LP raised its holdings in Republic Services by 5.0% during the first quarter. Mission Wealth Management LP now owns 2,042 shares of the business services provider’s stock worth $391,000 after purchasing an additional 98 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in Republic Services by 32.8% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 94,296 shares of the business services provider’s stock worth $18,052,000 after purchasing an additional 23,306 shares during the period. Institutional investors and hedge funds own 57.73% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on RSG. Scotiabank began coverage on Republic Services in a research note on Friday, October 4th. They issued a “sector perform” rating and a $224.00 price objective on the stock. Royal Bank of Canada boosted their price target on shares of Republic Services from $211.00 to $219.00 and gave the stock a “sector perform” rating in a research report on Wednesday. William Blair began coverage on shares of Republic Services in a research note on Thursday, October 3rd. They issued an “outperform” rating on the stock. Morgan Stanley increased their target price on shares of Republic Services from $208.00 to $217.00 and gave the company an “equal weight” rating in a research note on Wednesday. Finally, Truist Financial lifted their price target on shares of Republic Services from $220.00 to $244.00 and gave the stock a “buy” rating in a research report on Wednesday. Nine research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $215.71.

Insider Transactions at Republic Services

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

Republic Services Stock Up 0.3 %

NYSE:RSG opened at $198.58 on Friday. Republic Services, Inc. has a 1-year low of $148.36 and a 1-year high of $208.69. The firm has a market capitalization of $62.19 billion, a price-to-earnings ratio of 31.77, a PEG ratio of 3.04 and a beta of 0.70. The company has a current ratio of 0.64, a quick ratio of 0.59 and a debt-to-equity ratio of 1.07. The business’s fifty day moving average price is $203.43 and its 200 day moving average price is $196.81.

Republic Services (NYSE:RSG) last posted its quarterly 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. Republic Services had a net margin of 12.46% and a return on equity of 18.18%. The business had revenue of $4.08 billion during the quarter, compared to analyst estimates of $4.12 billion. During the same period in the prior year, the firm earned $1.54 earnings per share. The firm’s revenue was up 6.5% compared to the same quarter last year. On average, sell-side analysts forecast that Republic Services, Inc. will post 6.23 earnings per share for the current fiscal year.

Republic Services Announces Dividend

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 issued a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 1.17%. The ex-dividend date is Thursday, January 2nd. Republic Services’s dividend payout ratio is currently 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.