Republic Services, Inc. (NYSE:RSG) Shares Purchased by Good Life Advisors LLC

Good Life Advisors LLC boosted its holdings in Republic Services, Inc. (NYSE:RSG) by 12.3% 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 1,207 shares of the business services provider’s stock after purchasing an additional 132 shares during the quarter. Good Life Advisors LLC’s holdings in Republic Services were worth $242,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in RSG. Wolff Wiese Magana LLC boosted its holdings in Republic Services by 351.6% in the third quarter. Wolff Wiese Magana LLC now owns 140 shares of the business services provider’s stock worth $28,000 after purchasing an additional 109 shares during the period. EntryPoint Capital LLC bought a new stake in Republic Services in the first quarter valued at $29,000. Webster Bank N. A. bought a new stake in Republic Services in the third quarter valued at $31,000. Itau Unibanco Holding S.A. bought a new stake in Republic Services in the second quarter valued at $36,000. Finally, Indiana Trust & Investment Management CO bought a new stake in Republic Services in the second quarter valued at $45,000. Institutional investors and hedge funds own 57.73% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on RSG shares. CIBC raised their target price on Republic Services from $196.00 to $208.00 and gave the company a “neutral” rating in a research note on Thursday, July 25th. Robert W. Baird lifted their price objective on shares of Republic Services from $208.00 to $210.00 and gave the company a “neutral” rating in a research note on Thursday, July 25th. Scotiabank started coverage on shares of Republic Services in a research note on Friday, October 4th. They set a “sector perform” rating and a $224.00 price objective on the stock. Truist Financial upgraded shares of Republic Services from a “hold” rating to a “buy” rating and lifted their price objective for the company from $192.00 to $220.00 in a research note on Thursday, July 11th. Finally, BMO Capital Markets lifted their price objective on shares of Republic Services from $209.00 to $211.00 and gave the company a “market perform” rating in a research note on Thursday, July 25th. Nine analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $211.65.

Insider Activity

In other news, Director Tomago Collins sold 3,200 shares of the company’s stock in a transaction dated 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 in the company, valued at $3,549,832.86. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.09% of the stock is owned by corporate insiders.

Republic Services Price Performance

NYSE RSG opened at $204.80 on Monday. The stock’s 50-day moving average price is $203.92 and its two-hundred day moving average price is $195.94. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.05. The company has a market cap of $64.50 billion, a PE ratio of 35.93, a PEG ratio of 3.30 and a beta of 0.69. Republic Services, Inc. has a 1 year low of $142.65 and a 1 year high of $208.69.

Republic Services (NYSE:RSG) last posted its quarterly earnings data on Wednesday, July 24th. The business services provider reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.53 by $0.08. The firm had revenue of $4.05 billion for 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%. On average, analysts predict that Republic Services, Inc. will post 6.18 EPS for the current year.

Republic Services Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Wednesday, October 2nd were issued a $0.58 dividend. This is an increase from Republic Services’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend was Wednesday, October 2nd. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.13%. Republic Services’s dividend payout ratio is currently 40.70%.

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.