Atria Wealth Solutions Inc. Has $3.79 Million Holdings in Republic Services, Inc. (NYSE:RSG)

Atria Wealth Solutions Inc. boosted its stake in Republic Services, Inc. (NYSE:RSG) by 2.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,476 shares of the business services provider’s stock after purchasing an additional 495 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Republic Services were worth $3,785,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. YHB Investment Advisors Inc. acquired a new position in Republic Services in the first quarter valued at about $29,000. EntryPoint Capital LLC acquired a new position in Republic Services during the first quarter worth about $29,000. Bogart Wealth LLC acquired a new position in Republic Services during the fourth quarter worth about $30,000. Jones Financial Companies Lllp raised its stake in Republic Services by 3,014.3% during the fourth quarter. Jones Financial Companies Lllp now owns 218 shares of the business services provider’s stock worth $36,000 after acquiring an additional 211 shares in the last quarter. Finally, Indiana Trust & Investment Management CO acquired a new position in Republic Services during the second quarter worth about $45,000. Institutional investors and hedge funds own 57.73% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the company. StockNews.com downgraded Republic Services from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 1st. Oppenheimer reduced their price target on Republic Services from $211.00 to $210.00 and set an “outperform” rating on the stock in a report on Thursday, July 25th. Truist Financial upgraded Republic Services from a “hold” rating to a “buy” rating and boosted their price target for the stock from $192.00 to $220.00 in a report on Thursday, July 11th. Scotiabank boosted their price target on Republic Services from $211.00 to $213.00 and gave the stock a “sector perform” rating in a report on Wednesday, May 1st. Finally, Robert W. Baird boosted their price target on Republic Services from $208.00 to $210.00 and gave the stock a “neutral” rating in a report on Thursday, July 25th. Ten analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, Republic Services presently has a consensus rating of “Hold” and a consensus price target of $211.00.

Insider Transactions at Republic Services

In other news, Director Katharine Weymouth bought 540 shares of the stock in a transaction dated Tuesday, June 4th. The shares were bought at an average cost of $185.26 per share, with a total value of $100,040.40. Following the completion of the transaction, the director now directly owns 540 shares of the company’s stock, valued at $100,040.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Tomago Collins sold 3,200 shares of the stock in a transaction on Friday, August 16th. The stock was 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 directly owns 17,486 shares of the company’s stock, valued at approximately $3,549,832.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Katharine Weymouth purchased 540 shares of the stock in a transaction that occurred on Tuesday, June 4th. The stock was bought at an average cost of $185.26 per share, with a total value of $100,040.40. Following the completion of the transaction, the director now directly owns 540 shares in the company, valued at approximately $100,040.40. The disclosure for this purchase can be found here. 0.09% of the stock is owned by insiders.

Republic Services Trading Up 0.3 %

Shares of Republic Services stock traded up $0.54 on Wednesday, reaching $205.84. 455,810 shares of the company’s stock were exchanged, compared to its average volume of 1,201,915. The company has a market capitalization of $64.83 billion, a P/E ratio of 36.11, a price-to-earnings-growth ratio of 3.25 and a beta of 0.69. Republic Services, Inc. has a 52 week low of $140.23 and a 52 week high of $206.54. The firm’s 50-day moving average is $197.23 and its two-hundred day moving average is $189.90. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.59 and a current ratio of 0.59.

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

Republic Services Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Wednesday, October 2nd will be given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.13%. This is a positive change from Republic Services’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend is Wednesday, October 2nd. Republic Services’s dividend payout ratio is presently 40.70%.

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.