Republic Services, Inc. (NYSE:RSG) Shares Sold by Amalgamated Bank

Amalgamated Bank cut its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 3.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 41,379 shares of the business services provider’s stock after selling 1,329 shares during the period. Amalgamated Bank’s holdings in Republic Services were worth $8,042,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in RSG. Vanguard Group Inc. raised its stake in Republic Services by 0.6% in 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 buying an additional 101,518 shares during the last quarter. Capital World Investors boosted its stake in Republic Services by 20.5% in the 1st quarter. Capital World Investors now owns 7,909,008 shares of the business services provider’s stock worth $1,514,100,000 after purchasing an additional 1,346,588 shares in the last quarter. TD Asset Management Inc grew its position in Republic Services by 2.1% during the 2nd quarter. TD Asset Management Inc now owns 1,757,757 shares of the business services provider’s stock worth $341,602,000 after purchasing an additional 35,650 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Republic Services by 0.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,476,116 shares of the business services provider’s stock valued at $286,868,000 after purchasing an additional 3,809 shares in the last quarter. Finally, Earnest Partners LLC lifted its stake in shares of Republic Services by 16.9% during the first quarter. Earnest Partners LLC now owns 1,262,519 shares of the business services provider’s stock worth $241,697,000 after buying an additional 182,645 shares during the period. Institutional investors and hedge funds own 57.73% of the company’s stock.

Insider Transactions at Republic Services

In other Republic Services news, Director Tomago Collins sold 3,200 shares of the stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $203.01, for a total value of $649,632.00. Following the completion of the sale, the director now owns 17,486 shares in the company, valued at approximately $3,549,832.86. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.09% of the company’s stock.

Republic Services Stock Up 0.8 %

RSG opened at $200.84 on Friday. 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 twelve month low of $140.23 and a twelve month high of $208.69. The company has a market cap of $63.08 billion, a PE ratio of 35.24, a price-to-earnings-growth ratio of 3.30 and a beta of 0.70. The company has a 50-day moving average price of $202.25 and a 200 day moving average price of $193.61.

Republic Services (NYSE:RSG) last released its earnings results on Wednesday, July 24th. The business services provider reported $1.61 earnings per share 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 the consensus estimate of $4.03 billion. Sell-side analysts expect that Republic Services, Inc. will post 6.18 earnings per share for the current fiscal year.

Republic Services Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Wednesday, October 2nd will be given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.16%. This is a boost 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 37.54%.

Analyst Ratings Changes

A number of analysts have commented on RSG shares. StockNews.com cut Republic Services from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 1st. TD Cowen upped their target price on Republic Services from $195.00 to $200.00 and gave the company a “hold” rating in a research report on Monday, August 5th. Stifel Nicolaus lifted their price objective on shares of Republic Services from $215.00 to $230.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Truist Financial raised shares of Republic Services from a “hold” rating to a “buy” rating and raised their target price for the stock from $192.00 to $220.00 in a report on Thursday, July 11th. Finally, BMO Capital Markets upped their price target on shares of Republic Services from $209.00 to $211.00 and gave the company a “market perform” rating in a report on Thursday, July 25th. Ten research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $211.00.

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.