National Pension Service Buys 50,568 Shares of Republic Services, Inc. (NYSE:RSG)

National Pension Service grew its position in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 18.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 318,629 shares of the business services provider's stock after buying an additional 50,568 shares during the period. National Pension Service owned approximately 0.10% of Republic Services worth $63,993,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of RSG. Wolff Wiese Magana LLC boosted its holdings in Republic Services by 351.6% in the 3rd quarter. Wolff Wiese Magana LLC now owns 140 shares of the business services provider's stock valued at $28,000 after purchasing an additional 109 shares during the period. EntryPoint Capital LLC bought a new stake in shares of Republic Services in the first quarter valued at approximately $29,000. Webster Bank N. A. acquired a new stake in Republic Services during the third quarter worth approximately $31,000. Itau Unibanco Holding S.A. acquired a new position in Republic Services in the 2nd quarter valued at $36,000. Finally, Indiana Trust & Investment Management CO bought a new stake in shares of Republic Services during the 2nd quarter valued at $45,000. Institutional investors own 57.73% of the company's stock.

Insider Activity

In related news, Director Tomago Collins sold 3,200 shares of the business's stock in a transaction on Friday, August 16th. The shares were sold at an average price of $203.01, for a total value of $649,632.00. Following the transaction, the director now owns 17,486 shares in the company, valued at $3,549,832.86. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.09% of the company's stock.

Republic Services Trading Up 2.4 %

Shares of NYSE:RSG traded up $4.93 during mid-day trading on Wednesday, reaching $207.07. 1,399,390 shares of the company's stock were exchanged, compared to its average volume of 1,128,396. 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 twelve month low of $154.49 and a twelve month high of $208.69. The firm has a market capitalization of $64.84 billion, a price-to-earnings ratio of 33.13, a PEG ratio of 3.07 and a beta of 0.70. The business's fifty day moving average price is $203.21 and its 200-day moving average price is $197.10.

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, beating analysts' consensus estimates of $1.61 by $0.20. Republic Services had a return on equity of 18.18% and a net margin of 12.46%. The firm had revenue of $4.08 billion for the quarter, compared to analyst estimates of $4.12 billion. During the same quarter in the previous year, the company posted $1.54 EPS. The business's revenue was up 6.5% on a year-over-year basis. On average, research analysts predict that Republic Services, Inc. will post 6.24 EPS for the current fiscal year.

Republic Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd will be given a $0.58 dividend. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.12%. Republic Services's dividend payout ratio (DPR) is currently 37.12%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. CIBC boosted their price target on Republic Services from $208.00 to $217.00 and gave the company a "neutral" rating in a research note on Wednesday, October 30th. Oppenheimer upped their price target on shares of Republic Services from $219.00 to $220.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. BMO Capital Markets boosted their price objective on shares of Republic Services from $209.00 to $211.00 and gave the company a "market perform" rating in a research report on Thursday, July 25th. Raymond James reduced their target price on Republic Services from $219.00 to $214.00 and set an "outperform" rating on the stock in a report on Thursday, July 25th. Finally, TD Cowen boosted their price target on Republic Services from $195.00 to $200.00 and gave the stock a "hold" rating in a report on Monday, August 5th. Nine investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $215.71.

About Republic Services

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.