Hantz Financial Services Inc. Raises Holdings in Republic Services, Inc. (NYSE:RSG)

Hantz Financial Services Inc. boosted its stake in shares of Republic Services, Inc. (NYSE:RSG) by 1.0% in the third quarter, Holdings Channel reports. The institutional investor owned 5,099 shares of the business services provider’s stock after acquiring an additional 52 shares during the period. Hantz Financial Services Inc.’s holdings in Republic Services were worth $1,024,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wolff Wiese Magana LLC boosted its position in Republic Services by 351.6% during the third quarter. Wolff Wiese Magana LLC now owns 140 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 109 shares in the last quarter. Webster Bank N. A. purchased a new stake in shares of Republic Services during the third quarter valued at about $31,000. Truvestments Capital LLC bought a new stake in shares of Republic Services in the 3rd quarter valued at about $34,000. Itau Unibanco Holding S.A. bought a new position in shares of Republic Services during the 2nd quarter worth approximately $36,000. Finally, Ashton Thomas Securities LLC purchased a new stake in Republic Services during the third quarter valued at approximately $39,000. Institutional investors own 57.73% of the company’s stock.

Republic Services Price Performance

Shares of RSG opened at $218.30 on Monday. The business’s 50-day moving average is $206.22 and its two-hundred day moving average is $200.08. The company has a market capitalization of $68.36 billion, a P/E ratio of 34.93, a P/E/G ratio of 3.34 and a beta of 0.70. Republic Services, Inc. has a fifty-two week low of $159.38 and a fifty-two week high of $220.58. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.64 and a current ratio of 0.64.

Republic Services (NYSE:RSG) last posted its earnings results on Tuesday, October 29th. The business services provider reported $1.81 EPS for the quarter, topping the consensus estimate of $1.61 by $0.20. Republic Services had a return on equity of 18.18% and a net margin of 12.46%. The firm had revenue of $4.08 billion for the quarter, compared to analyst estimates of $4.12 billion. During the same period last year, the company earned $1.54 earnings per share. Republic Services’s revenue for the quarter was up 6.5% compared to the same quarter last year. Research analysts predict that Republic Services, Inc. will post 6.24 earnings per share for the current year.

Republic Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be issued a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date is Thursday, January 2nd. Republic Services’s dividend payout ratio (DPR) is presently 37.12%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on RSG shares. CIBC upped their price target on Republic Services from $208.00 to $217.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. William Blair assumed coverage on Republic Services in a research report on Thursday, October 3rd. They set an “outperform” rating on the stock. Royal Bank of Canada raised their price target on Republic Services from $211.00 to $219.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 30th. TD Cowen upped their price objective on shares of Republic Services from $195.00 to $200.00 and gave the company a “hold” rating in a report on Monday, August 5th. Finally, Scotiabank began coverage on shares of Republic Services in a research note on Friday, October 4th. They issued a “sector perform” rating and a $224.00 target price for the company. Nine investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Republic Services currently has an average rating of “Moderate Buy” and a consensus price target of $215.71.

Insider Activity at Republic Services

In other Republic Services news, CFO Brian M. Delghiaccio sold 5,071 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $210.02, for a total transaction of $1,065,011.42. Following the transaction, the chief financial officer now owns 6,318 shares in the company, valued at approximately $1,326,906.36. This represents a 44.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.09% of the stock is owned by company insiders.

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.