McElhenny Sheffield Capital Management LLC Sells 154 Shares of Republic Services, Inc. (NYSE:RSG)

McElhenny Sheffield Capital Management LLC reduced its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 5.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,911 shares of the business services provider’s stock after selling 154 shares during the quarter. McElhenny Sheffield Capital Management LLC’s holdings in Republic Services were worth $585,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the business. State Board of Administration of Florida Retirement System grew its holdings in shares of Republic Services by 8.8% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 239,031 shares of the business services provider’s stock valued at $45,760,000 after acquiring an additional 19,414 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in Republic Services by 32.8% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 94,296 shares of the business services provider’s stock valued at $18,052,000 after purchasing an additional 23,306 shares in the last quarter. PGGM Investments increased its position in shares of Republic Services by 264.3% during the 2nd quarter. PGGM Investments now owns 8,842 shares of the business services provider’s stock worth $1,718,000 after purchasing an additional 6,415 shares during the last quarter. Forsta AP Fonden boosted its holdings in shares of Republic Services by 11.7% in the 1st quarter. Forsta AP Fonden now owns 45,000 shares of the business services provider’s stock valued at $8,615,000 after buying an additional 4,700 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Republic Services by 0.6% in the first quarter. Vanguard Group Inc. now owns 18,254,878 shares of the business services provider’s stock valued at $3,494,714,000 after buying an additional 101,518 shares in the last quarter. Institutional investors own 57.73% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on RSG shares. TD Cowen lifted their price objective on shares of Republic Services from $195.00 to $200.00 and gave the company a “hold” rating in a research report on Monday, August 5th. CIBC boosted their price target on Republic Services from $196.00 to $208.00 and gave the stock a “neutral” rating in a research report on Thursday, July 25th. Stifel Nicolaus lifted their target price on Republic Services from $215.00 to $230.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. William Blair started coverage on shares of Republic Services in a research report on Thursday, October 3rd. They set an “outperform” rating for the company. Finally, Oppenheimer dropped their price objective on shares of Republic Services from $211.00 to $210.00 and set an “outperform” rating on the stock in a research report on Thursday, July 25th. Nine equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $211.65.

Republic Services Trading Down 0.4 %

Shares of NYSE:RSG opened at $204.80 on Monday. The company has a market capitalization of $64.50 billion, a P/E ratio of 35.93, a P/E/G ratio of 3.30 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. The business’s 50 day simple moving average is $203.92 and its 200 day simple moving average is $195.94. Republic Services, Inc. has a 1 year low of $142.65 and a 1 year high of $208.69.

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 analysts’ consensus estimates of $1.53 by $0.08. The company had revenue of $4.05 billion for the quarter, compared to analysts’ expectations of $4.03 billion. Republic Services had a return on equity of 17.81% and a net margin of 12.11%. On average, research analysts anticipate that Republic Services, Inc. will post 6.18 EPS for the current fiscal year.

Republic Services Increases Dividend

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

Insiders Place Their Bets

In other news, Director Tomago Collins sold 3,200 shares of the business’s stock in a transaction 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 transaction, the director now owns 17,486 shares of the company’s stock, valued at approximately $3,549,832.86. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.09% of the company’s stock.

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.