Aigen Investment Management LP Buys Shares of 5,010 Republic Services, Inc. (NYSE:RSG)

Aigen Investment Management LP purchased a new stake in Republic Services, Inc. (NYSE:RSG - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 5,010 shares of the business services provider's stock, valued at approximately $1,006,000.

Several other institutional investors have also bought and sold shares of RSG. Russell Investments Group Ltd. raised its position in Republic Services by 19.8% in the 1st quarter. Russell Investments Group Ltd. now owns 158,927 shares of the business services provider's stock valued at $30,425,000 after purchasing an additional 26,227 shares during the last quarter. Avantax Advisory Services Inc. raised its position in Republic Services by 30.5% in the 1st quarter. Avantax Advisory Services Inc. now owns 12,047 shares of the business services provider's stock valued at $2,306,000 after purchasing an additional 2,816 shares during the last quarter. Bleakley Financial Group LLC raised its position in Republic Services by 5.3% in the 1st quarter. Bleakley Financial Group LLC now owns 5,277 shares of the business services provider's stock valued at $1,010,000 after purchasing an additional 266 shares during the last quarter. State Board of Administration of Florida Retirement System raised its position in 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 purchasing an additional 19,414 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Republic Services by 18.2% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 255,171 shares of the business services provider's stock valued at $48,850,000 after purchasing an additional 39,379 shares during the last quarter. Institutional investors and hedge funds own 57.73% of the company's stock.

Republic Services Trading Up 1.1 %

Shares of RSG stock traded up $2.42 during mid-day trading on Wednesday, hitting $214.66. The company's stock had a trading volume of 1,056,058 shares, compared to its average volume of 1,124,361. The company's fifty day simple moving average is $203.52 and its 200-day simple moving average is $197.67. Republic Services, Inc. has a 52 week low of $156.83 and a 52 week high of $216.18. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.64 and a current ratio of 0.64. The company has a market cap of $67.22 billion, a PE ratio of 34.40, a P/E/G ratio of 3.25 and a beta of 0.70.

Republic Services (NYSE:RSG - Get Free Report) last issued its earnings results on Tuesday, October 29th. The business services provider reported $1.81 EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $4.12 billion. During the same period in the previous year, the company posted $1.54 EPS. The firm's revenue was up 6.5% compared to the same quarter last year. As a group, equities research analysts expect that Republic Services, Inc. will post 6.24 earnings per share for the current fiscal year.

Republic Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd will be paid 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 1.08%. Republic Services's dividend payout ratio (DPR) is currently 37.12%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Robert W. Baird boosted their target price on Republic Services from $208.00 to $210.00 and gave the stock a "neutral" rating in a research report on Thursday, July 25th. Truist Financial upped their price objective on Republic Services from $220.00 to $244.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. William Blair assumed coverage on Republic Services in a report on Thursday, October 3rd. They issued an "outperform" rating for the company. BMO Capital Markets upped their price objective on Republic Services from $209.00 to $211.00 and gave the company a "market perform" rating in a report on Thursday, July 25th. Finally, Royal Bank of Canada upped their price objective on Republic Services from $211.00 to $219.00 and gave the company a "sector perform" rating in a report on Wednesday, October 30th. Nine research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $215.71.

Insider Buying and Selling at Republic Services

In other Republic Services news, Director Tomago Collins sold 3,200 shares of Republic Services stock in a transaction dated 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 in the company, valued at approximately $3,549,832.86. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company 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.