Smithfield Trust Co Has $1.86 Million Stock Holdings in Republic Services, Inc. (NYSE:RSG)

Smithfield Trust Co increased its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 2.4% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 9,268 shares of the business services provider’s stock after purchasing an additional 219 shares during the period. Smithfield Trust Co’s holdings in Republic Services were worth $1,857,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of RSG. Allspring Global Investments Holdings LLC increased its holdings in shares of Republic Services by 2.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,520,738 shares of the business services provider’s stock worth $506,265,000 after acquiring an additional 57,040 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of Republic Services by 5.4% in the second quarter. Legal & General Group Plc now owns 1,808,580 shares of the business services provider’s stock valued at $351,480,000 after purchasing an additional 92,013 shares during the last quarter. TD Asset Management Inc raised its position in shares of Republic Services by 2.1% in the second quarter. TD Asset Management Inc now owns 1,757,757 shares of the business services provider’s stock valued at $341,602,000 after purchasing an additional 35,650 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Republic Services by 0.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,476,116 shares of the business services provider’s stock worth $286,868,000 after buying an additional 3,809 shares during the last quarter. Finally, Earnest Partners LLC grew its stake in Republic Services by 1.9% in the 2nd quarter. Earnest Partners LLC now owns 1,286,053 shares of the business services provider’s stock valued at $249,932,000 after buying an additional 23,534 shares during the last quarter. Institutional investors and hedge funds own 57.73% of the company’s stock.

Wall Street Analyst Weigh In

RSG has been the subject of a number of research analyst reports. Truist Financial boosted their price objective on Republic Services from $220.00 to $244.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. CIBC boosted their price target on Republic Services from $208.00 to $217.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. TD Cowen increased their price objective on Republic Services from $195.00 to $200.00 and gave the stock a “hold” rating in a research report on Monday, August 5th. Royal Bank of Canada boosted their target price on shares of Republic Services from $211.00 to $219.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 30th. Finally, StockNews.com lowered shares of Republic Services from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 1st. Nine investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $215.71.

Republic Services Trading Up 0.8 %

NYSE RSG opened at $212.62 on Thursday. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.07. The business has a fifty day simple moving average of $204.17 and a 200 day simple moving average of $198.54. Republic Services, Inc. has a 12 month low of $158.68 and a 12 month high of $216.18. The firm has a market capitalization of $66.58 billion, a P/E ratio of 34.02, a PEG ratio of 3.22 and a beta of 0.70.

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

Republic Services Dividend Announcement

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

Insider Activity

In other Republic Services news, CFO Brian M. Delghiaccio sold 5,071 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $210.02, for a total value of $1,065,011.42. Following the sale, the chief financial officer now owns 6,318 shares of the company’s stock, valued at $1,326,906.36. This trade represents a 44.53 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.09% of the stock is owned by company insiders.

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.