Natixis Advisors LLC Acquires 11,553 Shares of Republic Services, Inc. (NYSE:RSG)

Natixis Advisors LLC boosted its position in Republic Services, Inc. (NYSE:RSG - Free Report) by 9.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 132,640 shares of the business services provider's stock after acquiring an additional 11,553 shares during the period. Natixis Advisors LLC's holdings in Republic Services were worth $26,639,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Wolff Wiese Magana LLC boosted its stake in Republic Services by 351.6% during the 3rd quarter. Wolff Wiese Magana LLC now owns 140 shares of the business services provider's stock worth $28,000 after acquiring an additional 109 shares during the last quarter. EntryPoint Capital LLC bought a new position in Republic Services during the first quarter worth about $29,000. Webster Bank N. A. bought a new stake in shares of Republic Services in the third quarter worth about $31,000. Itau Unibanco Holding S.A. acquired a new stake in shares of Republic Services during the second quarter worth about $36,000. Finally, Ashton Thomas Securities LLC bought a new position in shares of Republic Services during the 3rd quarter valued at about $39,000. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

RSG has been the topic of several recent research reports. Royal Bank of Canada lifted their price target on Republic Services from $211.00 to $219.00 and gave the company a "sector perform" rating in a research note on Wednesday, October 30th. CIBC lifted their target price on Republic Services from $208.00 to $217.00 and gave the company a "neutral" rating in a research report on Wednesday, October 30th. Truist Financial upped their price target on Republic Services from $220.00 to $244.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. Scotiabank began coverage on shares of Republic Services in a report on Friday, October 4th. They issued a "sector perform" rating and a $224.00 price objective on the stock. Finally, Morgan Stanley increased their target price on shares of Republic Services from $208.00 to $217.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 30th. Nine analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, Republic Services presently has an average rating of "Moderate Buy" and an average price target of $215.71.

Republic Services Stock Performance

Republic Services stock traded up $0.71 during midday trading on Tuesday, reaching $209.79. The stock had a trading volume of 315,636 shares, compared to its average volume of 1,118,106. The firm has a market capitalization of $65.70 billion, a PE ratio of 33.45, a P/E/G ratio of 3.18 and a beta of 0.70. Republic Services, Inc. has a 12 month low of $157.91 and a 12 month high of $216.18. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.07. The firm's 50-day moving average price is $203.92 and its 200 day moving average price is $198.26.

Republic Services (NYSE:RSG - Get Free Report) last released its quarterly earnings data 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 net margin of 12.46% and a return on equity of 18.18%. The company had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $4.12 billion. During the same period last year, the firm earned $1.54 EPS. Republic Services's revenue for the quarter was up 6.5% on a year-over-year basis. As a group, research analysts predict that Republic Services, Inc. will post 6.24 earnings per share for the current fiscal year.

Republic Services Announces Dividend

The business also recently announced 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 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 presently 37.12%.

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.