Lifeworks Advisors LLC Grows Position in Republic Services, Inc. (NYSE:RSG)

Lifeworks Advisors LLC increased its stake in Republic Services, Inc. (NYSE:RSG - Free Report) by 1,112.3% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 21,469 shares of the business services provider's stock after purchasing an additional 19,698 shares during the quarter. Lifeworks Advisors LLC's holdings in Republic Services were worth $4,312,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the stock. Wolff Wiese Magana LLC increased its holdings 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 worth $28,000 after purchasing an additional 109 shares during the period. EntryPoint Capital LLC purchased a new stake in shares of Republic Services during the 1st quarter valued at $29,000. Webster Bank N. A. purchased a new position in Republic Services in the third quarter worth $31,000. Itau Unibanco Holding S.A. bought a new position in Republic Services in the second quarter valued at $36,000. Finally, Ashton Thomas Securities LLC bought a new stake in Republic Services during the third quarter worth about $39,000. Hedge funds and other institutional investors own 57.73% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. William Blair began coverage on Republic Services in a report on Thursday, October 3rd. They set an "outperform" rating on the stock. Scotiabank assumed coverage on shares of Republic Services in a research note on Friday, October 4th. They issued a "sector perform" rating and a $224.00 price objective for the company. Raymond James lowered their price target on shares of Republic Services from $219.00 to $214.00 and set an "outperform" rating for the company in a research note on Thursday, July 25th. StockNews.com cut Republic Services from a "strong-buy" rating to a "buy" rating in a research note on Thursday, August 1st. Finally, Robert W. Baird increased their target price on Republic Services from $208.00 to $210.00 and gave the company a "neutral" rating in a report on Thursday, July 25th. 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 company has an average rating of "Moderate Buy" and a consensus target price of $215.71.

Insider Transactions at Republic Services

In other Republic Services news, Director Tomago Collins sold 3,200 shares of the firm's 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 sale, the director now directly owns 17,486 shares of the company's stock, valued at $3,549,832.86. This trade represents a 15.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.09% of the company's stock.

Republic Services Stock Down 2.4 %

NYSE RSG traded down $5.22 during mid-day trading on Thursday, reaching $209.46. The stock had a trading volume of 853,241 shares, compared to its average volume of 1,124,310. The company has a fifty day moving average price of $203.66 and a 200 day moving average price of $197.79. 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, Inc. has a 1 year low of $156.83 and a 1 year high of $216.18. The stock has a market cap of $65.59 billion, a PE ratio of 34.35, a price-to-earnings-growth ratio of 3.25 and a beta of 0.70.

Republic Services (NYSE:RSG - Get Free Report) last released its quarterly earnings results 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 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 company's revenue was up 6.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.54 EPS. On average, research analysts expect that Republic Services, Inc. will post 6.24 earnings per share for the current 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. This represents a $2.32 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date of this dividend is Thursday, January 2nd. Republic Services's payout ratio is 37.12%.

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.