Republic Services, Inc. (NYSE:RSG) Shares Sold by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co decreased its holdings in Republic Services, Inc. (NYSE:RSG) by 6.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 18,890 shares of the business services provider’s stock after selling 1,276 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Republic Services were worth $3,671,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. RFG Advisory LLC lifted its position in shares of Republic Services by 0.5% during the 2nd quarter. RFG Advisory LLC now owns 10,603 shares of the business services provider’s stock valued at $2,061,000 after buying an additional 53 shares in the last quarter. Commerzbank Aktiengesellschaft FI raised its position in Republic Services by 2.9% during the second quarter. Commerzbank Aktiengesellschaft FI now owns 1,860 shares of the business services provider’s stock worth $362,000 after acquiring an additional 53 shares during the period. Capital Advisors Ltd. LLC lifted its holdings in Republic Services by 2.9% during the first quarter. Capital Advisors Ltd. LLC now owns 1,903 shares of the business services provider’s stock valued at $364,000 after purchasing an additional 54 shares in the last quarter. Hexagon Capital Partners LLC grew its position in shares of Republic Services by 4.0% in the second quarter. Hexagon Capital Partners LLC now owns 1,433 shares of the business services provider’s stock valued at $278,000 after purchasing an additional 55 shares during the period. Finally, Assenagon Asset Management S.A. raised its position in shares of Republic Services by 1.2% during the 2nd quarter. Assenagon Asset Management S.A. now owns 4,917 shares of the business services provider’s stock worth $956,000 after purchasing an additional 57 shares during the last quarter. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Republic Services Trading Down 1.3 %

NYSE:RSG opened at $199.18 on Thursday. The stock has a fifty day moving average price of $202.21 and a 200 day moving average price of $193.56. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.05. Republic Services, Inc. has a 12-month low of $140.23 and a 12-month high of $208.69. The firm has a market cap of $62.56 billion, a PE ratio of 34.94, a price-to-earnings-growth ratio of 3.29 and a beta of 0.70.

Republic Services (NYSE:RSG) last announced its quarterly earnings data on Wednesday, July 24th. The business services provider reported $1.61 EPS for the quarter, topping analysts’ consensus estimates of $1.53 by $0.08. The business had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $4.03 billion. Republic Services had a return on equity of 17.81% and a net margin of 12.11%. Sell-side analysts anticipate that Republic Services, Inc. will post 6.18 earnings per share for the current fiscal year.

Republic Services Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Wednesday, October 2nd will be issued a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.16%. This is a positive change from Republic Services’s previous quarterly dividend of $0.54. The ex-dividend date is Wednesday, October 2nd. Republic Services’s dividend payout ratio (DPR) is presently 37.54%.

Insider Transactions at Republic Services

In related news, Director Tomago Collins sold 3,200 shares of the 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 transaction, the director now owns 17,486 shares of the company’s stock, valued at $3,549,832.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.09% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on RSG shares. Truist Financial upgraded Republic Services from a “hold” rating to a “buy” rating and raised their price objective for the company from $192.00 to $220.00 in a report on Thursday, July 11th. BMO Capital Markets boosted their target price on Republic Services from $209.00 to $211.00 and gave the stock a “market perform” rating in a report on Thursday, July 25th. Royal Bank of Canada increased their price target on Republic Services from $201.00 to $211.00 and gave the company a “sector perform” rating in a report on Thursday, July 25th. Robert W. Baird upped their target price on Republic Services from $208.00 to $210.00 and gave the company a “neutral” rating in a report on Thursday, July 25th. Finally, Raymond James cut their target price on Republic Services from $219.00 to $214.00 and set an “outperform” rating for the company in a research note on Thursday, July 25th. Ten investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, Republic Services presently has an average rating of “Hold” and an average target price of $211.00.

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.