Barclays PLC Has $135.60 Million Holdings in Republic Services, Inc. (NYSE:RSG)

Barclays PLC increased its holdings in Republic Services, Inc. (NYSE:RSG - Free Report) by 11.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 675,163 shares of the business services provider's stock after acquiring an additional 66,842 shares during the period. Barclays PLC owned approximately 0.22% of Republic Services worth $135,598,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in RSG. FSA Wealth Management LLC acquired a new stake in shares of Republic Services in the third quarter valued at $25,000. Wolff Wiese Magana LLC raised its stake in shares of Republic Services by 351.6% in the third quarter. Wolff Wiese Magana LLC now owns 140 shares of the business services provider's stock valued at $28,000 after acquiring an additional 109 shares in the last quarter. Webster Bank N. A. acquired a new stake in shares of Republic Services in the third quarter valued at $31,000. Truvestments Capital LLC acquired a new stake in shares of Republic Services in the third quarter valued at $34,000. Finally, Itau Unibanco Holding S.A. acquired a new stake in shares of Republic Services in the second quarter valued at $36,000. 57.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have weighed in on RSG shares. Deutsche Bank Aktiengesellschaft upgraded Republic Services from a "hold" rating to a "buy" rating and raised their price target for the company from $219.00 to $237.00 in a research note on Tuesday. CIBC raised their price target on Republic Services from $217.00 to $227.00 and gave the company a "neutral" rating in a research note on Wednesday, December 4th. Truist Financial raised their price target on Republic Services from $220.00 to $244.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. Oppenheimer raised their price target on Republic Services from $219.00 to $220.00 and gave the company an "outperform" rating in a research note on Wednesday, October 30th. Finally, BMO Capital Markets upgraded 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 research note on Friday, December 6th. Seven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $219.88.

Insiders Place Their Bets

In related news, CFO Brian M. Delghiaccio sold 5,071 shares of the company's 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 sale, the chief financial officer now owns 6,318 shares of the company's stock, valued at $1,326,906.36. The trade was a 44.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Katharine Weymouth sold 1,859 shares of the company's 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 sale, the director now directly owns 879 shares in the company, valued at approximately $189,222.33. The trade was a 67.90 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.09% of the company's stock.

Republic Services Stock Performance

NYSE:RSG traded down $1.39 during midday trading on Wednesday, reaching $210.30. The stock had a trading volume of 835,883 shares, compared to its average volume of 1,112,415. Republic Services, Inc. has a 1-year low of $160.65 and a 1-year high of $220.58. The firm's fifty day simple moving average is $207.99 and its 200-day simple moving average is $201.44. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.64 and a quick ratio of 0.64. The stock has a market capitalization of $65.86 billion, a P/E ratio of 33.90, a PEG ratio of 3.31 and a beta of 0.71.

Republic Services (NYSE:RSG - Get Free Report) last posted its 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 $1.61 by $0.20. Republic Services had a net margin of 12.46% and a return on equity of 18.18%. The business had revenue of $4.08 billion for the quarter, compared to analyst estimates of $4.12 billion. During the same period last year, the business posted $1.54 EPS. Republic Services's revenue was up 6.5% compared to the same quarter last year. On average, equities research analysts forecast that Republic Services, Inc. will post 6.24 EPS 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 given a $0.58 dividend. The ex-dividend date is Thursday, January 2nd. This represents a $2.32 annualized dividend and a yield of 1.10%. Republic Services's dividend payout ratio is 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.