Villere ST Denis J & Co. LLC Acquires 960 Shares of Republic Services, Inc. (NYSE:RSG)

Villere ST Denis J & Co. LLC grew its position in shares of Republic Services, Inc. (NYSE:RSG) by 1.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 63,882 shares of the business services provider’s stock after acquiring an additional 960 shares during the quarter. Villere ST Denis J & Co. LLC’s holdings in Republic Services were worth $12,830,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Republic Services by 0.6% during the first quarter. Vanguard Group Inc. now owns 18,254,878 shares of the business services provider’s stock valued at $3,494,714,000 after acquiring an additional 101,518 shares in the last quarter. Capital World Investors increased its holdings in shares of Republic Services by 20.5% during the first quarter. Capital World Investors now owns 7,909,008 shares of the business services provider’s stock valued at $1,514,100,000 after acquiring an additional 1,346,588 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Republic Services by 2.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,520,738 shares of the business services provider’s stock valued at $506,265,000 after acquiring an additional 57,040 shares in the last quarter. Legal & General Group Plc increased its holdings in shares of Republic Services by 5.4% during 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 acquiring an additional 92,013 shares in the last quarter. Finally, TD Asset Management Inc boosted its position in shares of Republic Services by 2.1% during 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 buying an additional 35,650 shares during the last quarter. Institutional investors own 57.73% of the company’s stock.

Republic Services Stock Performance

Shares of RSG opened at $211.61 on Friday. The firm has a market cap of $66.26 billion, a PE ratio of 33.86, a PEG ratio of 3.17 and a beta of 0.70. The stock’s fifty day moving average price is $203.32 and its two-hundred day moving average price is $197.31. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.64 and a quick ratio of 0.64. Republic Services, Inc. has a 1 year low of $154.92 and a 1 year high of $213.25.

Republic Services (NYSE:RSG) last issued its 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. Republic Services had a return on equity of 18.18% and a net margin of 12.46%. The firm had revenue of $4.08 billion for the quarter, compared to analyst estimates of $4.12 billion. During the same period in the previous year, the company posted $1.54 earnings per share. The business’s revenue was up 6.5% on a year-over-year basis. On average, equities research analysts forecast that Republic Services, Inc. will post 6.24 EPS for the current year.

Republic Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be paid a dividend of $0.58 per share. The ex-dividend date is Thursday, January 2nd. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.10%. Republic Services’s payout ratio is 37.12%.

Insider Activity at Republic Services

In related news, Director Tomago Collins sold 3,200 shares of the business’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $203.01, for a total transaction of $649,632.00. Following the sale, the director now directly owns 17,486 shares in the company, valued at approximately $3,549,832.86. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.09% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

RSG has been the topic of several analyst reports. Oppenheimer lifted their target price on Republic Services from $219.00 to $220.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Truist Financial lifted their target price on Republic Services from $220.00 to $244.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Scotiabank initiated coverage on Republic Services in a research report on Friday, October 4th. They set a “sector perform” rating and a $224.00 target price on the stock. Robert W. Baird boosted their price objective on Republic Services from $208.00 to $210.00 and gave the stock a “neutral” rating in a research report on Thursday, July 25th. Finally, StockNews.com cut Republic Services from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 1st. Nine research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Republic Services currently has an average rating of “Moderate Buy” and a consensus price target of $215.71.

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.