M&G Plc Sells 11,124 Shares of Republic Services, Inc. (NYSE:RSG)

M&G Plc trimmed its stake in Republic Services, Inc. (NYSE:RSG) by 1.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 639,675 shares of the business services provider’s stock after selling 11,124 shares during the period. M&G Plc owned about 0.20% of Republic Services worth $128,575,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Wolff Wiese Magana LLC boosted its stake in Republic Services by 351.6% in the third quarter. Wolff Wiese Magana LLC now owns 140 shares of the business services provider’s stock worth $28,000 after purchasing an additional 109 shares in the last quarter. EntryPoint Capital LLC acquired a new position in Republic Services in the first quarter worth $29,000. Webster Bank N. A. acquired a new position in Republic Services in the third quarter worth $31,000. Itau Unibanco Holding S.A. acquired a new position in Republic Services in the second quarter worth $36,000. Finally, Indiana Trust & Investment Management CO acquired a new position in Republic Services in the second quarter worth $45,000. 57.73% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Republic Services

In other Republic Services news, Director Tomago Collins sold 3,200 shares of Republic Services 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 transaction, the director now directly owns 17,486 shares of the company’s stock, valued at $3,549,832.86. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.09% of the company’s stock.

Republic Services Stock Performance

RSG opened at $207.07 on Thursday. Republic Services, Inc. has a 12-month low of $154.49 and a 12-month high of $208.69. The stock has a market cap of $64.84 billion, a price-to-earnings ratio of 33.13, a PEG ratio of 3.07 and a beta of 0.70. The business has a 50 day moving average of $203.21 and a 200-day moving average of $197.10. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.07.

Republic Services (NYSE:RSG) last released its quarterly earnings results on Tuesday, October 29th. The business services provider reported $1.81 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.20. The business had revenue of $4.08 billion during 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 for the quarter was up 6.5% compared to the same quarter last year. During the same period last year, the firm posted $1.54 EPS. On average, equities 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 disclosed 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 is Thursday, January 2nd. This represents a $2.32 annualized dividend and a yield of 1.12%. Republic Services’s dividend payout ratio is presently 37.12%.

Analyst Upgrades and Downgrades

A number of research firms have commented on RSG. StockNews.com lowered Republic Services from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 1st. CIBC upped 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. Stifel Nicolaus upped their price target on Republic Services from $215.00 to $230.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Morgan Stanley upped their price target on Republic Services from $208.00 to $217.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Finally, Robert W. Baird upped their price target on Republic Services from $208.00 to $210.00 and gave the company a “neutral” rating in a research note on Thursday, July 25th. Nine equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $215.71.

Republic Services Company 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.