Aigen Investment Management LP Invests $1.01 Million in Republic Services, Inc. (NYSE:RSG)

Aigen Investment Management LP bought a new stake in shares of Republic Services, Inc. (NYSE:RSG) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 5,010 shares of the business services provider’s stock, valued at approximately $1,006,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. RFG Advisory LLC grew its holdings in Republic Services by 0.5% during the second quarter. RFG Advisory LLC now owns 10,603 shares of the business services provider’s stock worth $2,061,000 after acquiring an additional 53 shares during the period. Commerzbank Aktiengesellschaft FI boosted its holdings in Republic Services by 2.9% during the second quarter. Commerzbank Aktiengesellschaft FI now owns 1,860 shares of the business services provider’s stock worth $362,000 after buying an additional 53 shares in the last quarter. Venturi Wealth Management LLC grew its position in Republic Services by 16.5% during the third quarter. Venturi Wealth Management LLC now owns 382 shares of the business services provider’s stock valued at $77,000 after buying an additional 54 shares during the period. Hexagon Capital Partners LLC raised its position in shares of Republic Services by 4.0% in the second quarter. Hexagon Capital Partners LLC now owns 1,433 shares of the business services provider’s stock worth $278,000 after acquiring an additional 55 shares during the period. Finally, Fidelis Capital Partners LLC increased its stake in shares of Republic Services by 3.8% in the 3rd quarter. Fidelis Capital Partners LLC now owns 1,520 shares of the business services provider’s stock valued at $310,000 after purchasing an additional 55 shares in the last quarter. 57.73% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Republic Services

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

Republic Services Stock Up 0.2 %

Republic Services stock opened at $212.24 on Wednesday. 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 50 day moving average price of $203.39 and a 200 day moving average price of $197.53. Republic Services, Inc. has a fifty-two week low of $156.83 and a fifty-two week high of $214.96. The company has a market capitalization of $66.46 billion, a PE ratio of 33.96, a price-to-earnings-growth ratio of 3.24 and a beta of 0.70.

Republic Services (NYSE:RSG) last posted its earnings results on Tuesday, October 29th. The business services provider reported $1.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.20. Republic Services had a return on equity of 18.18% and a net margin of 12.46%. The firm had revenue of $4.08 billion for the quarter, compared to analyst estimates of $4.12 billion. During the same quarter in the prior year, the company earned $1.54 EPS. Republic Services’s revenue was up 6.5% on a year-over-year basis. Research analysts expect that Republic Services, Inc. will post 6.24 earnings per share for the current year.

Republic Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be paid a dividend of $0.58 per share. The ex-dividend date is Thursday, January 2nd. This represents a $2.32 annualized dividend and a yield of 1.09%. Republic Services’s payout ratio is 37.12%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on RSG shares. Royal Bank of Canada increased their target price on Republic Services from $211.00 to $219.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 30th. William Blair initiated coverage on shares of Republic Services in a research report on Thursday, October 3rd. They set an “outperform” rating for the company. Morgan Stanley lifted their price objective on Republic Services from $208.00 to $217.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Raymond James reduced their target price on Republic Services from $219.00 to $214.00 and set an “outperform” rating for the company in a report on Thursday, July 25th. Finally, Oppenheimer boosted their price target on Republic Services from $219.00 to $220.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Nine investment 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, the company has a consensus rating of “Moderate Buy” and a consensus price target of $215.71.

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.