Republic Services, Inc. (NYSE:RSG) Stock Holdings Trimmed by Independent Advisor Alliance

Independent Advisor Alliance reduced its position in Republic Services, Inc. (NYSE:RSG) by 3.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,050 shares of the business services provider’s stock after selling 334 shares during the quarter. Independent Advisor Alliance’s holdings in Republic Services were worth $2,018,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Prosperity Financial Group Inc. increased its holdings in Republic Services by 8.1% in the third quarter. Prosperity Financial Group Inc. now owns 3,538 shares of the business services provider’s stock valued at $711,000 after buying an additional 264 shares during the last quarter. Daiwa Securities Group Inc. grew its holdings in shares of Republic Services by 11.8% during the third quarter. Daiwa Securities Group Inc. now owns 26,310 shares of the business services provider’s stock valued at $5,284,000 after purchasing an additional 2,786 shares during the last quarter. Garner Asset Management Corp grew its holdings in shares of Republic Services by 5.4% during the third quarter. Garner Asset Management Corp now owns 4,407 shares of the business services provider’s stock valued at $885,000 after purchasing an additional 227 shares during the last quarter. Cerity Partners LLC grew its holdings in shares of Republic Services by 60.1% during the third quarter. Cerity Partners LLC now owns 32,219 shares of the business services provider’s stock valued at $6,471,000 after purchasing an additional 12,100 shares during the last quarter. Finally, Great Valley Advisor Group Inc. grew its holdings in shares of Republic Services by 25.1% during the third quarter. Great Valley Advisor Group Inc. now owns 2,058 shares of the business services provider’s stock valued at $413,000 after purchasing an additional 413 shares during the last quarter. 57.73% of the stock is owned by institutional investors.

Republic Services Price Performance

NYSE RSG opened at $217.83 on Tuesday. The stock has a market capitalization of $68.21 billion, a P/E ratio of 34.85, a P/E/G ratio of 3.31 and a beta of 0.70. Republic Services, Inc. has a 1 year low of $159.10 and a 1 year high of $218.90. The business’s fifty day moving average is $204.81 and its two-hundred day moving average is $199.22. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.64 and a current ratio of 0.64.

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, beating the consensus estimate of $1.61 by $0.20. The company had revenue of $4.08 billion for the quarter, compared to analysts’ expectations of $4.12 billion. Republic Services had a return on equity of 18.18% and a net margin of 12.46%. The firm’s revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.54 earnings per share. On average, research analysts forecast that Republic Services, Inc. will post 6.24 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. Shareholders of record on Thursday, January 2nd will be issued a $0.58 dividend. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $2.32 annualized dividend and a dividend yield of 1.07%. Republic Services’s dividend payout ratio is currently 37.12%.

Insider Buying and Selling at Republic Services

In other Republic Services news, CFO Brian M. Delghiaccio sold 5,071 shares of the business’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $210.02, for a total transaction of $1,065,011.42. Following the sale, the chief financial officer now directly owns 6,318 shares of the company’s stock, valued at $1,326,906.36. The trade was a 44.53 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.09% of the company’s stock.

Analysts Set New Price Targets

RSG has been the subject of several recent research reports. Oppenheimer upped their target price on Republic Services from $219.00 to $220.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. CIBC boosted their price objective on Republic Services from $208.00 to $217.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. William Blair started coverage on Republic Services in a research report on Thursday, October 3rd. They set an “outperform” rating for the company. Scotiabank started coverage on Republic Services in a research report on Friday, October 4th. They set a “sector perform” rating and a $224.00 price objective for the company. Finally, StockNews.com downgraded 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 given a buy rating to the company. According to data from MarketBeat.com, Republic Services presently has an average 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.