Pathway Financial Advisers LLC Sells 105 Shares of Republic Services, Inc. (NYSE:RSG)

Pathway Financial Advisers LLC cut its stake in shares of Republic Services, Inc. (NYSE:RSG) by 3.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,864 shares of the business services provider’s stock after selling 105 shares during the period. Pathway Financial Advisers LLC’s holdings in Republic Services were worth $575,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of Republic Services by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 18,254,878 shares of the business services provider’s stock valued at $3,494,714,000 after purchasing an additional 101,518 shares during the last quarter. Capital World Investors increased its position in shares of Republic Services by 20.5% during the 1st quarter. Capital World Investors now owns 7,909,008 shares of the business services provider’s stock valued at $1,514,100,000 after purchasing an additional 1,346,588 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Republic Services by 2.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,520,738 shares of the business services provider’s stock valued at $506,265,000 after purchasing an additional 57,040 shares during the last quarter. Legal & General Group Plc increased its position in shares of Republic Services by 5.4% during the 2nd quarter. Legal & General Group Plc now owns 1,808,580 shares of the business services provider’s stock valued at $351,480,000 after purchasing an additional 92,013 shares during the last quarter. Finally, TD Asset Management Inc increased its position in shares of 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. 57.73% of the stock is owned by hedge funds and other institutional investors.

Republic Services Stock Performance

Shares of RSG opened at $198.76 on Thursday. The company has a market cap of $62.42 billion, a PE ratio of 31.80, a price-to-earnings-growth ratio of 3.21 and a beta of 0.69. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.05. The stock has a 50-day moving average price of $203.77 and a 200-day moving average price of $196.65. Republic Services, Inc. has a 12-month low of $146.82 and a 12-month high of $208.69.

Republic Services (NYSE:RSG) last issued its quarterly earnings results on Tuesday, October 29th. The business services provider reported $1.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.62 by $0.19. The firm had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $4.12 billion. Republic Services had a return on equity of 17.81% and a net margin of 12.11%. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter last year, the company posted $1.54 EPS. As a group, equities analysts forecast that Republic Services, Inc. will post 6.18 earnings per share for the current fiscal year.

Republic Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be given a $0.58 dividend. The ex-dividend date is Thursday, January 2nd. This represents a $2.32 dividend on an annualized basis and a yield of 1.17%. Republic Services’s payout ratio is 37.12%.

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 value of $649,632.00. Following the completion of the sale, the director now owns 17,486 shares in the company, valued at $3,549,832.86. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.09% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on RSG shares. Royal Bank of Canada lifted their price objective on Republic Services from $211.00 to $219.00 and gave the stock a “sector perform” rating in a report on Wednesday. Morgan Stanley lifted their price objective on Republic Services from $208.00 to $217.00 and gave the stock an “equal weight” rating in a report on Wednesday. Robert W. Baird lifted their price objective on Republic Services from $208.00 to $210.00 and gave the stock a “neutral” rating in a report on Thursday, July 25th. William Blair started coverage on Republic Services in a report on Thursday, October 3rd. They issued an “outperform” rating for the company. Finally, BMO Capital Markets lifted their price objective on Republic Services from $209.00 to $211.00 and gave the stock a “market perform” rating in a 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 company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $215.71.

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.