Republic Services, Inc. (NYSE:RSG) Shares Bought by FORA Capital LLC

FORA Capital LLC raised its stake in Republic Services, Inc. (NYSE:RSG) by 5.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,609 shares of the business services provider’s stock after buying an additional 387 shares during the quarter. FORA Capital LLC’s holdings in Republic Services were worth $1,528,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of RSG. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Republic Services during the third quarter worth about $6,102,000. Lifeworks Advisors LLC lifted its position in shares of Republic Services by 1,112.3% during the third quarter. Lifeworks Advisors LLC now owns 21,469 shares of the business services provider’s stock worth $4,312,000 after purchasing an additional 19,698 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Republic Services by 15.2% during the third quarter. Assenagon Asset Management S.A. now owns 5,663 shares of the business services provider’s stock worth $1,137,000 after purchasing an additional 746 shares in the last quarter. PGGM Investments lifted its position in shares of Republic Services by 264.3% during the second quarter. PGGM Investments now owns 8,842 shares of the business services provider’s stock worth $1,718,000 after purchasing an additional 6,415 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new stake in shares of Republic Services during the third quarter worth about $6,579,000. Institutional investors and hedge funds own 57.73% of the company’s stock.

Republic Services Price Performance

RSG stock opened at $218.28 on Thursday. The company has a market capitalization of $68.35 billion, a P/E ratio of 34.92, a PEG ratio of 3.33 and a beta of 0.70. Republic Services, Inc. has a twelve month low of $159.10 and a twelve month high of $220.58. The business has a 50 day simple moving average of $205.53 and a 200-day simple moving average of $199.56. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.07.

Republic Services (NYSE:RSG) last posted its quarterly earnings data on Tuesday, October 29th. The business services provider reported $1.81 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.20. The business had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $4.12 billion. Republic Services had a return on equity of 18.18% and a net margin of 12.46%. The company’s revenue was up 6.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.54 earnings per share. As a group, equities analysts anticipate that Republic Services, Inc. will post 6.24 EPS for the current year.

Republic Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd will be issued a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 1.06%. The ex-dividend date of this dividend is Thursday, January 2nd. Republic Services’s payout ratio is currently 37.12%.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on RSG. TD Cowen increased their price target on shares of Republic Services from $195.00 to $200.00 and gave the stock a “hold” rating in a research report on Monday, August 5th. William Blair began coverage on shares of Republic Services in a research note on Thursday, October 3rd. They set an “outperform” rating on the stock. Royal Bank of Canada upped their target price on shares of Republic Services from $211.00 to $219.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 30th. Oppenheimer upped their target price on shares of Republic Services from $219.00 to $220.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Finally, StockNews.com lowered shares of Republic Services from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 1st. Nine research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price 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.