Republic Services, Inc. (NYSE:RSG) Stock Position Decreased by M&G Plc

M&G PLC decreased its position in Republic Services, Inc. (NYSE:RSG - Free Report) by 1.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 639,675 shares of the business services provider's stock after selling 11,124 shares during the period. M&G PLC owned about 0.20% of Republic Services worth $128,575,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. TD Asset Management Inc raised its holdings in shares of Republic Services by 424.7% in the first quarter. TD Asset Management Inc now owns 1,722,107 shares of the business services provider's stock worth $329,680,000 after acquiring an additional 1,393,918 shares during the last quarter. Capital World Investors boosted its holdings in shares of Republic Services by 20.5% during the first quarter. Capital World Investors now owns 7,909,008 shares of the business services provider's stock worth $1,514,100,000 after purchasing an additional 1,346,588 shares during the last quarter. International Assets Investment Management LLC grew its position in shares of Republic Services by 83,671.9% in the third quarter. International Assets Investment Management LLC now owns 538,653 shares of the business services provider's stock valued at $108,183,000 after purchasing an additional 538,010 shares during the period. Earnest Partners LLC lifted its position in Republic Services by 16.9% during the first quarter. Earnest Partners LLC now owns 1,262,519 shares of the business services provider's stock worth $241,697,000 after buying an additional 182,645 shares during the period. Finally, SG Americas Securities LLC boosted its stake in Republic Services by 235.4% in the 1st quarter. SG Americas Securities LLC now owns 255,007 shares of the business services provider's stock worth $48,819,000 after buying an additional 178,969 shares during the last quarter. Institutional investors and hedge funds own 57.73% of the company's stock.

Analyst Ratings Changes

RSG has been the topic of several research analyst reports. Morgan Stanley raised their target price on shares of Republic Services from $208.00 to $217.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 30th. Robert W. Baird boosted their price objective 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. CIBC increased their target price on Republic Services from $208.00 to $217.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 30th. Stifel Nicolaus upped their price target on Republic Services from $215.00 to $230.00 and gave the stock a "buy" rating in a research note on Thursday, July 25th. Finally, Raymond James reduced their price objective on Republic Services from $219.00 to $214.00 and set an "outperform" rating on the stock in a research note on Thursday, July 25th. Nine analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, Republic Services has a consensus rating of "Moderate Buy" and a consensus price target of $215.71.

Republic Services Stock Up 0.5 %

Republic Services stock traded up $1.01 during midday trading on Thursday, hitting $208.08. 849,206 shares of the stock were exchanged, compared to its average volume of 1,127,103. 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 company has a 50 day moving average price of $203.21 and a two-hundred day moving average price of $197.10. The firm has a market cap of $65.16 billion, a P/E ratio of 33.29, a P/E/G ratio of 3.07 and a beta of 0.70. Republic Services, Inc. has a 1 year low of $154.49 and a 1 year high of $209.09.

Republic Services (NYSE:RSG - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The business services provider reported $1.81 EPS for the quarter, topping the consensus estimate of $1.61 by $0.20. Republic Services had a return on equity of 18.18% and a net margin of 12.46%. The business had revenue of $4.08 billion for the quarter, compared to analysts' expectations of $4.12 billion. During the same quarter in the previous year, the firm posted $1.54 earnings per share. The company's revenue was up 6.5% compared to the same quarter last year. On average, sell-side analysts predict that Republic Services, Inc. will post 6.24 earnings per share 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. Investors of record on Thursday, January 2nd will be issued a $0.58 dividend. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $2.32 annualized dividend and a yield of 1.11%. Republic Services's dividend payout ratio is presently 37.12%.

Insider Buying and Selling at Republic Services

In other 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 value of $649,632.00. Following the sale, the director now owns 17,486 shares in the company, valued at approximately $3,549,832.86. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.09% of the stock is currently owned by insiders.

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.