Republic Services, Inc. (NYSE:RSG) Shares Bought by Blue Barn Wealth LLC

Blue Barn Wealth LLC grew its holdings in Republic Services, Inc. (NYSE:RSG) by 10.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,508 shares of the business services provider’s stock after acquiring an additional 146 shares during the quarter. Blue Barn Wealth LLC’s holdings in Republic Services were worth $293,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of RSG. Arizona State Retirement System grew its position in Republic Services by 1.1% during the 2nd quarter. Arizona State Retirement System now owns 63,919 shares of the business services provider’s stock worth $12,422,000 after purchasing an additional 715 shares during the last quarter. 9258 Wealth Management LLC grew its holdings in shares of Republic Services by 11.2% during the second quarter. 9258 Wealth Management LLC now owns 1,189 shares of the business services provider’s stock valued at $231,000 after buying an additional 120 shares during the last quarter. First Business Financial Services Inc. increased its position in shares of Republic Services by 7.4% in the 2nd quarter. First Business Financial Services Inc. now owns 11,936 shares of the business services provider’s stock valued at $2,320,000 after acquiring an additional 820 shares during the period. SouthState Corp raised its stake in Republic Services by 15.2% in the 2nd quarter. SouthState Corp now owns 25,609 shares of the business services provider’s stock worth $4,977,000 after acquiring an additional 3,385 shares during the last quarter. Finally, TD Asset Management Inc grew its stake in Republic Services by 2.1% during the 2nd quarter. TD Asset Management Inc now owns 1,757,757 shares of the business services provider’s stock valued at $341,602,000 after purchasing an additional 35,650 shares during the last quarter. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Insider Buying and Selling

In related 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 $3,549,832.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.09% of the stock is currently owned by insiders.

Republic Services Stock Up 0.2 %

Republic Services stock opened at $205.90 on Friday. Republic Services, Inc. has a 12 month low of $140.23 and a 12 month high of $208.69. The stock has a market capitalization of $64.67 billion, a PE ratio of 36.04, a price-to-earnings-growth ratio of 3.34 and a beta of 0.70. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.59 and a quick ratio of 0.59. The business has a 50 day simple moving average of $200.48 and a 200-day simple moving average of $192.18.

Republic Services (NYSE:RSG) last issued 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. The company had revenue of $4.05 billion during the quarter, compared to analyst estimates of $4.03 billion. Republic Services had a net margin of 12.11% and a return on equity of 17.81%. On average, analysts anticipate that Republic Services, Inc. will post 6.18 EPS for the current fiscal year.

Republic Services Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors 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 positive change from Republic Services’s previous quarterly dividend of $0.54. This represents a $2.32 dividend on an annualized basis and a yield of 1.13%. Republic Services’s dividend payout ratio (DPR) is currently 37.54%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on RSG shares. Royal Bank of Canada raised their price objective on Republic Services from $201.00 to $211.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 25th. 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. Truist Financial upgraded shares of Republic Services from a “hold” rating to a “buy” rating and increased their price objective for the stock from $192.00 to $220.00 in a research note on Thursday, July 11th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Republic Services in a research report on Thursday, May 23rd. They set a “hold” rating and a $203.00 target price for the company. Finally, Stifel Nicolaus increased their price target on Republic Services from $215.00 to $230.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Ten investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $211.00.

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.