11,180 Shares in Republic Services, Inc. (NYSE:RSG) Acquired by Frank Rimerman Advisors LLC

Frank Rimerman Advisors LLC bought a new stake in Republic Services, Inc. (NYSE:RSG) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 11,180 shares of the business services provider’s stock, valued at approximately $2,173,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. YHB Investment Advisors Inc. purchased a new stake in shares of Republic Services in the first quarter valued at about $29,000. EntryPoint Capital LLC purchased a new stake in shares of Republic Services in the 1st quarter valued at approximately $29,000. Jones Financial Companies Lllp increased its holdings in shares of Republic Services by 3,014.3% during the 4th quarter. Jones Financial Companies Lllp now owns 218 shares of the business services provider’s stock worth $36,000 after buying an additional 211 shares during the last quarter. Indiana Trust & Investment Management CO purchased a new stake in shares of Republic Services during the 2nd quarter valued at approximately $45,000. Finally, J.Safra Asset Management Corp grew its position in Republic Services by 584.2% in the first quarter. J.Safra Asset Management Corp now owns 260 shares of the business services provider’s stock worth $50,000 after acquiring an additional 222 shares during the period. 57.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on RSG shares. CIBC lifted their target price on Republic Services from $196.00 to $208.00 and gave the company a “neutral” rating in a research report on Thursday, July 25th. Raymond James decreased their target price on shares of Republic Services from $219.00 to $214.00 and set an “outperform” rating on the stock in a research report on Thursday, July 25th. Stifel Nicolaus lifted their price target 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. Truist Financial upgraded shares of Republic Services from a “hold” rating to a “buy” rating and upped their price objective for the stock from $192.00 to $220.00 in a report on Thursday, July 11th. Finally, Robert W. Baird lifted their target price on shares of Republic Services from $208.00 to $210.00 and gave the company a “neutral” 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. According to data from MarketBeat, Republic Services presently has a consensus rating of “Hold” and a consensus target price of $211.00.

Republic Services Stock Performance

Shares of RSG opened at $201.39 on Friday. Republic Services, Inc. has a 1 year low of $140.23 and a 1 year high of $208.69. The stock has a market capitalization of $63.42 billion, a PE ratio of 35.33, a PEG ratio of 3.30 and a beta of 0.70. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.59 and a current ratio of 0.59. The stock has a 50-day simple moving average of $202.28 and a 200-day simple moving average of $193.79.

Republic Services (NYSE:RSG) last issued its quarterly earnings results on Wednesday, July 24th. The business services provider reported $1.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.53 by $0.08. Republic Services had a net margin of 12.11% and a return on equity of 17.81%. The company had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $4.03 billion. On average, analysts predict that Republic Services, Inc. will post 6.18 earnings per share for the current fiscal year.

Republic Services Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Wednesday, October 2nd will be paid a $0.58 dividend. The ex-dividend date of this dividend is Wednesday, October 2nd. This is a boost from Republic Services’s previous quarterly dividend of $0.54. This represents a $2.32 dividend on an annualized basis and a yield of 1.15%. Republic Services’s dividend payout ratio (DPR) is currently 40.70%.

Insiders Place Their Bets

In other news, Director Tomago Collins sold 3,200 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $3,549,832.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.09% of the stock is owned by company insiders.

Republic Services Company 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.