Benjamin Edwards Inc. Raises Stock Position in Republic Services, Inc. (NYSE:RSG)

Benjamin Edwards Inc. grew its holdings in Republic Services, Inc. (NYSE:RSG - Free Report) by 1,626.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 225,950 shares of the business services provider's stock after purchasing an additional 212,865 shares during the quarter. Benjamin Edwards Inc. owned about 0.07% of Republic Services worth $45,387,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Atria Investments Inc bought a new position in shares of Republic Services during the 1st quarter worth about $1,068,000. Cetera Investment Advisers grew its stake in Republic Services by 179.3% in the first quarter. Cetera Investment Advisers now owns 67,652 shares of the business services provider's stock valued at $12,951,000 after acquiring an additional 43,432 shares during the period. Cetera Advisors LLC increased its holdings in shares of Republic Services by 92.7% during the first quarter. Cetera Advisors LLC now owns 17,351 shares of the business services provider's stock valued at $3,322,000 after acquiring an additional 8,348 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Republic Services by 61.1% during the second quarter. GAMMA Investing LLC now owns 3,359 shares of the business services provider's stock worth $653,000 after purchasing an additional 1,274 shares during the period. Finally, Massmutual Trust Co. FSB ADV grew its position in Republic Services by 12.6% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 672 shares of the business services provider's stock valued at $131,000 after purchasing an additional 75 shares during the period. Institutional investors and hedge funds own 57.73% of the company's stock.

Insiders Place Their Bets

In other news, CFO Brian M. Delghiaccio sold 5,071 shares of Republic Services stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $210.02, for a total value of $1,065,011.42. Following the completion of the transaction, the chief financial officer now directly owns 6,318 shares in the company, valued at approximately $1,326,906.36. The trade was a 44.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.09% of the company's stock.

Republic Services Stock Performance

RSG traded down $3.34 during midday trading on Monday, reaching $214.96. The company had a trading volume of 792,091 shares, compared to its average volume of 1,116,311. The business has a 50-day moving average price of $206.22 and a two-hundred day moving average price of $200.08. 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, Inc. has a 12-month low of $160.38 and a 12-month high of $220.58. The stock has a market cap of $67.32 billion, a PE ratio of 34.39, a P/E/G ratio of 3.34 and a beta of 0.70.

Republic Services (NYSE:RSG - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The business services provider reported $1.81 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.20. The business had revenue of $4.08 billion during the quarter, compared to analyst estimates of $4.12 billion. Republic Services had a return on equity of 18.18% and a net margin of 12.46%. Republic Services's revenue was up 6.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.54 earnings per share. On average, sell-side analysts expect that Republic Services, Inc. will post 6.24 earnings per share for the current fiscal year.

Republic Services Dividend Announcement

The firm also recently disclosed 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. This represents a $2.32 annualized dividend and a yield of 1.08%. The ex-dividend date of this dividend is Thursday, January 2nd. Republic Services's dividend payout ratio (DPR) is presently 37.12%.

Analyst Upgrades and Downgrades

RSG has been the topic of a number of recent research reports. Royal Bank of Canada raised their price objective on shares of Republic Services from $211.00 to $219.00 and gave the company a "sector perform" rating in a research note on Wednesday, October 30th. Scotiabank started coverage on Republic Services in a research note on Friday, October 4th. They set a "sector perform" rating and a $224.00 price target for the company. Oppenheimer increased their price objective on Republic Services from $219.00 to $220.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 30th. TD Cowen lifted their target price on Republic Services from $195.00 to $200.00 and gave the company a "hold" rating in a research report on Monday, August 5th. Finally, Truist Financial increased their price target on Republic Services from $220.00 to $244.00 and gave the company a "buy" rating in a research report on Wednesday, October 30th. Nine equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price 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.