Bancreek Capital Management LP Has $891,000 Stock Position in Republic Services, Inc. (NYSE:RSG)

Bancreek Capital Management LP decreased its holdings in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 82.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,435 shares of the business services provider's stock after selling 21,495 shares during the quarter. Republic Services comprises approximately 0.6% of Bancreek Capital Management LP's holdings, making the stock its 19th biggest holding. Bancreek Capital Management LP's holdings in Republic Services were worth $891,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in Republic Services by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 18,254,878 shares of the business services provider's stock worth $3,494,714,000 after acquiring an additional 101,518 shares during the period. Capital World Investors boosted its position in Republic Services by 20.5% in 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 buying an additional 1,346,588 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Republic Services by 2.3% during the third 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 acquiring an additional 57,040 shares in the last quarter. Legal & General Group Plc lifted its stake in shares of Republic Services by 5.4% in the second quarter. Legal & General Group Plc now owns 1,808,580 shares of the business services provider's stock worth $351,480,000 after acquiring an additional 92,013 shares in the last quarter. Finally, TD Asset Management Inc grew its stake in 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 in the last quarter. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Republic Services news, Director Tomago Collins sold 3,200 shares of the company's stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $203.01, for a total transaction of $649,632.00. Following the completion of the sale, the director now directly owns 17,486 shares of the company's stock, valued at approximately $3,549,832.86. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.09% of the stock is currently owned by company insiders.

Republic Services Price Performance

Shares of Republic Services stock traded up $2.82 during trading on Wednesday, hitting $215.06. The stock had a trading volume of 470,140 shares, compared to its average volume of 1,121,698. The business has a fifty day moving average of $203.52 and a two-hundred day moving average of $197.67. The firm has a market cap of $67.35 billion, a P/E ratio of 34.26, a PEG ratio of 3.25 and a beta of 0.70. Republic Services, Inc. has a fifty-two week low of $156.83 and a fifty-two week high of $216.18. 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 - Get Free Report) last released its earnings results on Tuesday, October 29th. The business services provider reported $1.81 EPS for the quarter, topping analysts' consensus estimates of $1.61 by $0.20. The business had revenue of $4.08 billion for the quarter, compared to the consensus estimate of $4.12 billion. Republic Services had a net margin of 12.46% and a return on equity of 18.18%. The business's revenue for the quarter was up 6.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.54 EPS. On average, sell-side analysts expect that Republic Services, Inc. will post 6.24 earnings per share for the current fiscal year.

Republic Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd will be issued a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 1.08%. The ex-dividend date is Thursday, January 2nd. Republic Services's dividend payout ratio is 37.12%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. BMO Capital Markets increased their target price on Republic Services from $209.00 to $211.00 and gave the company a "market perform" rating in a research note on Thursday, July 25th. Oppenheimer raised their price objective on shares of Republic Services from $219.00 to $220.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. Robert W. Baird upped their target price on shares of Republic Services from $208.00 to $210.00 and gave the company a "neutral" rating in a research note on Thursday, July 25th. Royal Bank of Canada boosted 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. Finally, TD Cowen increased their target price on Republic Services from $195.00 to $200.00 and gave the stock a "hold" rating in a report on Monday, August 5th. Nine analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, Republic Services presently has a consensus rating of "Moderate Buy" and a consensus price target of $215.71.

Republic Services 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.