Republic Services, Inc. (NYSE:RSG) Position Increased by World Investment Advisors LLC

World Investment Advisors LLC grew its stake in shares of Republic Services, Inc. (NYSE:RSG) by 25.8% in the third quarter, according to its most recent filing with the SEC. The fund owned 3,055 shares of the business services provider’s stock after acquiring an additional 626 shares during the period. World Investment Advisors LLC’s holdings in Republic Services were worth $613,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of RSG. FSA Wealth Management LLC purchased a new stake in shares of Republic Services in the third quarter valued at $25,000. Wolff Wiese Magana LLC lifted its stake in Republic Services by 351.6% in the 3rd quarter. Wolff Wiese Magana LLC now owns 140 shares of the business services provider’s stock worth $28,000 after acquiring an additional 109 shares in the last quarter. Webster Bank N. A. acquired a new stake in Republic Services during the 3rd quarter worth about $31,000. Truvestments Capital LLC acquired a new position in shares of Republic Services in the 3rd quarter valued at about $34,000. Finally, Itau Unibanco Holding S.A. purchased a new stake in shares of Republic Services in the second quarter worth approximately $36,000. 57.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on RSG. Royal Bank of Canada boosted their price target on shares of Republic Services from $211.00 to $219.00 and gave the company a “sector perform” rating in a report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft raised Republic Services from a “hold” rating to a “buy” rating and raised their price target for the stock from $219.00 to $237.00 in a research note on Tuesday, December 10th. William Blair initiated coverage on Republic Services in a research note on Thursday, October 3rd. They issued an “outperform” rating for the company. Truist Financial lifted their target price on shares of Republic Services from $220.00 to $244.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Finally, BMO Capital Markets upgraded shares of Republic Services from a “market perform” rating to an “outperform” rating and raised their price target for the company from $211.00 to $238.00 in a report on Friday, December 6th. Seven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $220.06.

Insider Activity at Republic Services

In other news, Director Katharine Weymouth sold 1,859 shares of Republic Services stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $215.27, for a total transaction of $400,186.93. Following the completion of the transaction, the director now directly owns 879 shares in the company, valued at $189,222.33. This trade represents a 67.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Brian M. Delghiaccio sold 5,071 shares of Republic Services stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $210.02, for a total value of $1,065,011.42. Following the transaction, the chief financial officer now owns 6,318 shares of the company’s stock, valued at $1,326,906.36. This trade represents a 44.53 % decrease in their position. The disclosure for this sale can be found here. 0.09% of the stock is owned by corporate insiders.

Republic Services Stock Performance

Shares of NYSE:RSG opened at $208.10 on Tuesday. The company’s 50 day simple moving average is $208.72 and its 200 day simple moving average is $202.17. The stock has a market capitalization of $65.17 billion, a price-to-earnings ratio of 33.30, a price-to-earnings-growth ratio of 3.30 and a beta of 0.71. Republic Services, Inc. has a 1 year low of $161.19 and a 1 year high of $220.58. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.64 and a quick ratio of 0.64.

Republic Services (NYSE:RSG) last issued its quarterly earnings data on Tuesday, October 29th. The business services provider reported $1.81 earnings per share for the quarter, topping analysts’ consensus estimates of $1.61 by $0.20. Republic Services had a return on equity of 18.18% and a net margin of 12.46%. The business had revenue of $4.08 billion for the quarter, compared to analyst estimates of $4.12 billion. During the same quarter in the previous year, the company posted $1.54 EPS. Republic Services’s quarterly revenue was up 6.5% compared to the same quarter last year. As a group, research analysts predict that Republic Services, Inc. will post 6.25 EPS for the current fiscal year.

Republic Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd will be issued a dividend of $0.58 per share. The ex-dividend date is Thursday, January 2nd. This represents a $2.32 dividend on an annualized basis and a yield of 1.11%. Republic Services’s payout ratio is currently 37.12%.

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.