GAMMA Investing LLC Has $988,000 Position in Republic Services, Inc. (NYSE:RSG)

GAMMA Investing LLC boosted its stake in shares of Republic Services, Inc. (NYSE:RSG) by 46.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,917 shares of the business services provider’s stock after purchasing an additional 1,558 shares during the quarter. GAMMA Investing LLC’s holdings in Republic Services were worth $988,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Unigestion Holding SA grew its stake in Republic Services by 2,178.2% in the 4th quarter. Unigestion Holding SA now owns 127,647 shares of the business services provider’s stock valued at $21,048,000 after buying an additional 122,044 shares during the last quarter. State Board of Administration of Florida Retirement System increased its stake in shares of Republic Services by 8.8% during the first quarter. State Board of Administration of Florida Retirement System now owns 239,031 shares of the business services provider’s stock worth $45,760,000 after purchasing an additional 19,414 shares during the period. Running Oak Capital LLC boosted its stake in Republic Services by 12.3% in the 1st quarter. Running Oak Capital LLC now owns 59,310 shares of the business services provider’s stock valued at $11,347,000 after purchasing an additional 6,475 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in Republic Services by 32.8% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 94,296 shares of the business services provider’s stock valued at $18,052,000 after buying an additional 23,306 shares in the last quarter. Finally, PGGM Investments increased its position in Republic Services by 264.3% during the 2nd quarter. PGGM Investments now owns 8,842 shares of the business services provider’s stock worth $1,718,000 after buying an additional 6,415 shares during the period. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Republic Services

In other news, Director Tomago Collins sold 3,200 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The shares were 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 in the company, valued at approximately $3,549,832.86. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.09% of the stock is currently owned by company insiders.

Republic Services Stock Performance

Republic Services stock opened at $198.61 on Tuesday. The business has a 50 day moving average of $202.55 and a 200-day moving average of $194.96. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.59 and a quick ratio of 0.59. Republic Services, Inc. has a 1 year low of $142.65 and a 1 year high of $208.69. The company has a market capitalization of $62.55 billion, a P/E ratio of 34.84, a P/E/G ratio of 3.21 and a beta of 0.69.

Republic Services (NYSE:RSG) last released its quarterly earnings results 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 net margin of 12.11% and a return on equity of 17.81%. The firm had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $4.03 billion. On average, equities research analysts predict that Republic Services, Inc. will post 6.18 earnings per share for the current year.

Republic Services Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Wednesday, October 2nd will be given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.17%. This is an increase from Republic Services’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend is Wednesday, October 2nd. Republic Services’s dividend payout ratio (DPR) is 40.70%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. CIBC upped their price target on shares of Republic Services from $196.00 to $208.00 and gave the company a “neutral” rating in a research note on Thursday, July 25th. Raymond James lowered their target price on shares of Republic Services from $219.00 to $214.00 and set an “outperform” rating on the stock in a report on Thursday, July 25th. Truist Financial upgraded Republic Services from a “hold” rating to a “buy” rating and boosted their price target for the company from $192.00 to $220.00 in a research note on Thursday, July 11th. StockNews.com lowered Republic Services from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 1st. Finally, TD Cowen increased their target price on Republic Services from $195.00 to $200.00 and gave the stock a “hold” rating in a report on Monday, August 5th. Ten equities research 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, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $211.65.

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.