Republic Services, Inc. (NYSE:RSG) Shares Acquired by Benjamin F. Edwards & Company Inc.

Benjamin F. Edwards & Company Inc. increased its position in Republic Services, Inc. (NYSE:RSG) by 0.1% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 210,073 shares of the business services provider’s stock after purchasing an additional 259 shares during the period. Republic Services accounts for about 0.7% of Benjamin F. Edwards & Company Inc.’s holdings, making the stock its 28th biggest holding. Benjamin F. Edwards & Company Inc. owned 0.07% of Republic Services worth $40,826,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Capital World Investors lifted its position in shares of Republic Services by 416.9% during the 4th quarter. Capital World Investors now owns 6,562,420 shares of the business services provider’s stock valued at $1,082,209,000 after acquiring an additional 5,292,862 shares during the period. TD Asset Management Inc raised its position in shares of Republic Services by 424.7% during the 1st quarter. TD Asset Management Inc now owns 1,722,107 shares of the business services provider’s stock worth $329,680,000 after purchasing an additional 1,393,918 shares during the last quarter. M&G Plc purchased a new stake in Republic Services in the 1st quarter valued at approximately $130,892,000. Earnest Partners LLC grew its holdings in Republic Services by 16.9% during the 1st quarter. Earnest Partners LLC now owns 1,262,519 shares of the business services provider’s stock valued at $241,697,000 after buying an additional 182,645 shares during the last quarter. Finally, SG Americas Securities LLC increased its position in Republic Services by 235.4% during the first quarter. SG Americas Securities LLC now owns 255,007 shares of the business services provider’s stock worth $48,819,000 after buying an additional 178,969 shares in the last quarter. 57.73% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Republic Services news, Director Tomago Collins sold 3,200 shares of the company’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 sale, the director now owns 17,486 shares in the company, valued at $3,549,832.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.09% of the company’s stock.

Analysts Set New Price Targets

RSG has been the topic of a number of analyst reports. CIBC increased their price objective on Republic Services from $196.00 to $208.00 and gave the company a “neutral” rating in a research note on Thursday, July 25th. Stifel Nicolaus boosted their price objective on shares of Republic Services from $215.00 to $230.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. BMO Capital Markets raised their target price on shares of Republic Services from $209.00 to $211.00 and gave the stock a “market perform” rating in a research report on Thursday, July 25th. TD Cowen boosted their price target on Republic Services from $195.00 to $200.00 and gave the company a “hold” rating in a report on Monday, August 5th. Finally, Truist Financial upgraded Republic Services from a “hold” rating to a “buy” rating and raised their price objective for the stock from $192.00 to $220.00 in a report on Thursday, July 11th. Ten investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $211.00.

Republic Services Stock Up 0.8 %

Shares of NYSE:RSG opened at $200.84 on Friday. The company has a market capitalization of $63.08 billion, a price-to-earnings 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 of $202.25 and a two-hundred day moving average of $193.61. 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 52-week low of $140.23 and a 52-week high of $208.69.

Republic Services (NYSE:RSG) last released its quarterly earnings results on Wednesday, July 24th. The business services provider reported $1.61 EPS for the quarter, topping 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. As a group, analysts forecast that Republic Services, Inc. will post 6.18 earnings per share 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 given a $0.58 dividend. The ex-dividend date of this dividend is Wednesday, October 2nd. This represents a $2.32 annualized dividend and a dividend yield of 1.16%. This is an increase from Republic Services’s previous quarterly dividend of $0.54. Republic Services’s payout ratio is presently 37.54%.

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.