Threadgill Financial LLC Boosts Stock Holdings in Republic Services, Inc. (NYSE:RSG)

Threadgill Financial LLC boosted its stake in Republic Services, Inc. (NYSE:RSG) by 5.6% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,961 shares of the business services provider’s stock after purchasing an additional 209 shares during the quarter. Threadgill Financial LLC’s holdings in Republic Services were worth $796,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. YHB Investment Advisors Inc. purchased a new position in Republic Services during the 1st quarter valued at approximately $29,000. EntryPoint Capital LLC purchased a new stake in Republic Services during the first quarter valued at approximately $29,000. Itau Unibanco Holding S.A. bought a new stake in shares of Republic Services in the 2nd quarter valued at approximately $36,000. Indiana Trust & Investment Management CO purchased a new stake in Republic Services during the 2nd quarter valued at $45,000. Finally, Strategic Investment Solutions Inc. IL bought a new stake in Republic Services in the second quarter worth $49,000. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Republic Services Trading Down 1.0 %

Shares of Republic Services stock opened at $198.61 on Tuesday. The firm has a fifty day moving average price of $202.55 and a 200 day moving average price of $194.96. The stock has a market cap of $62.55 billion, a PE ratio of 34.84, a price-to-earnings-growth ratio of 3.21 and a beta of 0.69. 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.

Republic Services (NYSE:RSG) last announced its quarterly earnings results on Wednesday, July 24th. The business services provider reported $1.61 earnings per share for the quarter, beating 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 company had revenue of $4.05 billion during the quarter, compared to analysts’ expectations of $4.03 billion. Equities research analysts predict that Republic Services, Inc. will post 6.18 earnings per share for the current year.

Republic Services Increases Dividend

The firm 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 dividend of $0.58 per share. The ex-dividend date 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 dividend yield of 1.17%. Republic Services’s dividend payout ratio (DPR) is 40.70%.

Insider Buying and Selling at Republic Services

In other news, Director Tomago Collins sold 3,200 shares of the 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 transaction, the director now owns 17,486 shares in the company, valued at $3,549,832.86. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.09% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on RSG shares. Stifel Nicolaus lifted their price target on shares of Republic Services from $215.00 to $230.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. TD Cowen upped their price target on shares of Republic Services from $195.00 to $200.00 and gave the stock a “hold” rating in a report on Monday, August 5th. Oppenheimer decreased their price objective on shares of Republic Services from $211.00 to $210.00 and set an “outperform” rating for the company in a report on Thursday, July 25th. Robert W. Baird increased their price objective on Republic Services from $208.00 to $210.00 and gave the stock a “neutral” rating in a research note on Thursday, July 25th. Finally, BMO Capital Markets lifted 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. Ten research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock 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.