Republic Services, Inc. (NYSE:RSG) Shares Sold by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd trimmed its stake in shares of Republic Services, Inc. (NYSE:RSG) by 0.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,989 shares of the business services provider’s stock after selling 51 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Republic Services were worth $2,006,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in RSG. EntryPoint Capital LLC acquired a new position in Republic Services in the 1st quarter valued at approximately $29,000. Lazard Asset Management LLC increased its position in Republic Services by 13.0% during the first quarter. Lazard Asset Management LLC now owns 32,573 shares of the business services provider’s stock worth $6,235,000 after acquiring an additional 3,735 shares during the period. B. Riley Wealth Advisors Inc. raised its position in shares of Republic Services by 1.4% during the first quarter. B. Riley Wealth Advisors Inc. now owns 30,409 shares of the business services provider’s stock valued at $5,821,000 after buying an additional 407 shares during the last quarter. Tidal Investments LLC grew its holdings in shares of Republic Services by 55.1% during the 1st quarter. Tidal Investments LLC now owns 10,093 shares of the business services provider’s stock worth $1,932,000 after purchasing an additional 3,587 shares in the last quarter. Finally, Garner Asset Management Corp increased its holdings in Republic Services by 11.9% in the 1st quarter. Garner Asset Management Corp now owns 4,067 shares of the business services provider’s stock valued at $779,000 after buying an additional 434 shares during the period. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on RSG shares. Royal Bank of Canada increased their target price on Republic Services from $211.00 to $219.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 30th. William Blair started coverage on Republic Services in a report on Thursday, October 3rd. They set an “outperform” rating on the stock. Oppenheimer boosted their price target 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. CIBC boosted their target price on Republic Services from $208.00 to $217.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Finally, Morgan Stanley increased their target price on Republic Services from $208.00 to $217.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. Nine investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Republic Services has a consensus rating of “Moderate Buy” and a consensus target price of $215.71.

Insider Buying and Selling at Republic Services

In related news, CFO Brian M. Delghiaccio sold 5,071 shares of the company’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $210.02, for a total value of $1,065,011.42. Following the transaction, the chief financial officer now directly owns 6,318 shares in the company, valued at approximately $1,326,906.36. This represents a 44.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.09% of the company’s stock.

Republic Services Trading Up 0.5 %

Republic Services stock opened at $217.83 on Tuesday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.64 and a current ratio of 0.64. The stock has a 50-day simple moving average of $204.81 and a 200 day simple moving average of $199.22. The stock has a market capitalization of $68.21 billion, a P/E ratio of 34.85, a PEG ratio of 3.31 and a beta of 0.70. Republic Services, Inc. has a 52 week low of $159.10 and a 52 week high of $218.90.

Republic Services (NYSE:RSG) last posted its quarterly earnings results on Tuesday, October 29th. The business services provider reported $1.81 earnings per share for the quarter, beating analysts’ consensus estimates of $1.61 by $0.20. Republic Services had a return on equity of 18.18% and a net margin of 12.46%. The business had revenue of $4.08 billion for the quarter, compared to analysts’ expectations of $4.12 billion. During the same quarter in the prior year, the business earned $1.54 EPS. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. 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 declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be paid a $0.58 dividend. The ex-dividend date is Thursday, January 2nd. This represents a $2.32 dividend on an annualized basis and a yield of 1.07%. Republic Services’s dividend payout ratio (DPR) is currently 37.12%.

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.