Republic Services, Inc. (NYSE:RSG) Stock Holdings Lessened by ING Groep NV

ING Groep NV lessened its holdings in Republic Services, Inc. (NYSE:RSG - Free Report) by 26.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 58,302 shares of the business services provider's stock after selling 21,244 shares during the quarter. ING Groep NV's holdings in Republic Services were worth $11,709,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Simmons Bank boosted its holdings in shares of Republic Services by 2.8% in the 3rd quarter. Simmons Bank now owns 1,895 shares of the business services provider's stock valued at $381,000 after purchasing an additional 51 shares during the last quarter. RFG Advisory LLC grew its position in Republic Services by 0.5% during the second quarter. RFG Advisory LLC now owns 10,603 shares of the business services provider's stock valued at $2,061,000 after acquiring an additional 53 shares during the period. Commerzbank Aktiengesellschaft FI lifted its stake in shares of Republic Services by 2.9% in the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 1,860 shares of the business services provider's stock valued at $362,000 after purchasing an additional 53 shares in the last quarter. Venturi Wealth Management LLC grew its holdings in shares of Republic Services by 16.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 382 shares of the business services provider's stock worth $77,000 after purchasing an additional 54 shares during the period. Finally, Hexagon Capital Partners LLC increased its position in Republic Services by 4.0% during the 2nd quarter. Hexagon Capital Partners LLC now owns 1,433 shares of the business services provider's stock worth $278,000 after purchasing an additional 55 shares in the last quarter. Institutional investors and hedge funds own 57.73% of the company's stock.

Republic Services Stock Performance

NYSE RSG traded down $1.43 on Friday, hitting $208.03. The stock had a trading volume of 984,377 shares, compared to its average volume of 1,123,681. The company's 50-day moving average is $203.74 and its two-hundred day moving average is $197.87. Republic Services, Inc. has a one year low of $157.46 and a one year high of $216.18. The stock has a market cap of $65.15 billion, a price-to-earnings ratio of 33.28, a P/E/G ratio of 3.28 and a beta of 0.70. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.07.

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

Republic Services Dividend Announcement

The company 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. This represents a $2.32 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date is Thursday, January 2nd. Republic Services's payout ratio is currently 37.12%.

Analyst Ratings Changes

Several analysts recently issued reports on the company. BMO Capital Markets increased their price target on Republic Services from $209.00 to $211.00 and gave the company a "market perform" rating in a report on Thursday, July 25th. Truist Financial lifted their price target on shares of Republic Services from $220.00 to $244.00 and gave the stock a "buy" rating in a research note on Wednesday, October 30th. William Blair began coverage on Republic Services in a research report on Thursday, October 3rd. They set an "outperform" rating on the stock. Scotiabank initiated coverage on Republic Services in a research note on Friday, October 4th. They set a "sector perform" rating and a $224.00 target price for the company. Finally, Raymond James decreased their price objective on shares of Republic Services from $219.00 to $214.00 and set an "outperform" rating for the company in a report on Thursday, July 25th. Nine investment 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 stock presently has an average rating of "Moderate Buy" and an average 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.