Republic Services, Inc. (NYSE:RSG) Shares Acquired by Trium Capital LLP

Trium Capital LLP increased its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 1.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,039 shares of the business services provider’s stock after buying an additional 173 shares during the quarter. Trium Capital LLP’s holdings in Republic Services were worth $2,016,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in RSG. YHB Investment Advisors Inc. purchased a new stake in shares of Republic Services during the first quarter worth about $29,000. EntryPoint Capital LLC acquired a new stake in Republic Services in the 1st quarter worth approximately $29,000. Itau Unibanco Holding S.A. acquired a new position in Republic Services during the 2nd quarter valued at approximately $36,000. Indiana Trust & Investment Management CO purchased a new position in shares of Republic Services in the second quarter worth $45,000. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in shares of Republic Services during the second quarter worth $49,000. 57.73% of the stock is owned by institutional investors and hedge funds.

Republic Services Stock Performance

NYSE RSG opened at $198.61 on Tuesday. 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 twelve month low of $142.65 and a twelve month high of $208.69. The stock has a 50-day moving average of $202.55 and a 200 day moving average of $194.96. The stock has a market capitalization of $62.55 billion, a price-to-earnings ratio of 34.84, a PEG ratio of 3.21 and a beta of 0.69.

Republic Services (NYSE:RSG) last announced its earnings results on Wednesday, July 24th. The business services provider reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.53 by $0.08. The firm had revenue of $4.05 billion for the quarter, compared to analyst estimates 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 EPS for the current fiscal year.

Republic Services Increases Dividend

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

Insider Activity at Republic Services

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on RSG shares. Robert W. Baird raised their target price on Republic Services from $208.00 to $210.00 and gave the stock a “neutral” rating in a research note on Thursday, July 25th. StockNews.com cut Republic Services from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 1st. BMO Capital Markets upped their target price on Republic Services from $209.00 to $211.00 and gave the company a “market perform” rating in a research report on Thursday, July 25th. Truist Financial raised 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 research report on Thursday, July 11th. Finally, Raymond James dropped their price objective 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. Ten analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, Republic Services has an average rating of “Moderate Buy” and an average price target of $211.65.

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.