Vanguard Personalized Indexing Management LLC Grows Stock Position in Republic Services, Inc. (NYSE:RSG)

Vanguard Personalized Indexing Management LLC increased its position in shares of Republic Services, Inc. (NYSE:RSG) by 14.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 24,640 shares of the business services provider’s stock after purchasing an additional 3,058 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Republic Services were worth $4,789,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Unigestion Holding SA boosted its position in Republic Services by 2,178.2% during the fourth quarter. Unigestion Holding SA now owns 127,647 shares of the business services provider’s stock worth $21,048,000 after acquiring an additional 122,044 shares during the last quarter. Bank of Nova Scotia increased its holdings in shares of Republic Services by 52.3% in the fourth quarter. Bank of Nova Scotia now owns 214,504 shares of the business services provider’s stock valued at $35,357,000 after purchasing an additional 73,651 shares during the last quarter. TCW Group Inc. purchased a new position in Republic Services during the fourth quarter worth approximately $17,903,000. Hsbc Holdings PLC boosted its stake in Republic Services by 8.7% during the fourth quarter. Hsbc Holdings PLC now owns 456,726 shares of the business services provider’s stock worth $75,297,000 after buying an additional 36,484 shares during the last quarter. Finally, Allianz Asset Management GmbH grew its holdings in Republic Services by 10.4% in the 4th quarter. Allianz Asset Management GmbH now owns 591,209 shares of the business services provider’s stock valued at $97,496,000 after buying an additional 55,668 shares in the last quarter. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on RSG. TD Cowen boosted their price target on shares of Republic Services from $195.00 to $200.00 and gave the company a “hold” rating in a research report on Monday, August 5th. Truist Financial upgraded shares of Republic Services from a “hold” rating to a “buy” rating and raised their price target for the stock from $192.00 to $220.00 in a report on Thursday, July 11th. Deutsche Bank Aktiengesellschaft assumed coverage on Republic Services in a report on Thursday, May 23rd. They issued a “hold” rating and a $203.00 price objective on the stock. StockNews.com downgraded Republic Services from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 1st. Finally, Stifel Nicolaus increased their price target on Republic Services from $215.00 to $230.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Ten research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $211.00.

Republic Services Price Performance

Shares of RSG opened at $199.18 on Thursday. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.05. Republic Services, Inc. has a fifty-two week low of $140.23 and a fifty-two week high of $208.69. The company has a market cap of $62.56 billion, a P/E ratio of 34.94, a PEG ratio of 3.29 and a beta of 0.70. The firm’s 50 day moving average price is $202.21 and its 200 day moving average price is $193.56.

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

Republic Services Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Wednesday, October 2nd will be paid a dividend of $0.58 per share. 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 is presently 37.54%.

Insider Buying and Selling

In other news, Director Tomago Collins sold 3,200 shares of Republic Services stock in a transaction on Friday, August 16th. The shares were sold at an average price of $203.01, for a total transaction of $649,632.00. Following the completion of the sale, the director now directly owns 17,486 shares of the company’s stock, valued at approximately $3,549,832.86. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.09% of the stock is owned by insiders.

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.