Republic Services, Inc. (NYSE:RSG) Shares Purchased by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC boosted its position in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 695.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 46,903 shares of the business services provider's stock after acquiring an additional 41,003 shares during the period. Susquehanna Fundamental Investments LLC's holdings in Republic Services were worth $9,115,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in RSG. Steward Partners Investment Advisory LLC grew its holdings in Republic Services by 1.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 9,277 shares of the business services provider's stock valued at $1,530,000 after buying an additional 148 shares in the last quarter. Qtron Investments LLC purchased a new stake in Republic Services in the 4th quarter worth about $215,000. Scotia Capital Inc. raised its position in Republic Services by 2.4% in the 4th quarter. Scotia Capital Inc. now owns 2,708 shares of the business services provider's stock worth $447,000 after purchasing an additional 64 shares during the period. Bank of Nova Scotia raised its position in Republic Services by 52.3% in the 4th quarter. Bank of Nova Scotia now owns 214,504 shares of the business services provider's stock worth $35,357,000 after purchasing an additional 73,651 shares during the period. Finally, Brown Brothers Harriman & Co. raised its position in Republic Services by 31.1% in the 4th quarter. Brown Brothers Harriman & Co. now owns 5,454 shares of the business services provider's stock worth $899,000 after purchasing an additional 1,295 shares during the period. 57.73% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Republic Services

In other Republic Services news, Director Tomago Collins sold 3,200 shares of Republic Services 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 completion of the transaction, the director now owns 17,486 shares of the company's stock, valued at $3,549,832.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.09% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Robert W. Baird increased their price objective on shares of Republic Services from $208.00 to $210.00 and gave the stock a "neutral" rating in a research report on Thursday, July 25th. CIBC upped their target price on shares of Republic Services from $196.00 to $208.00 and gave the stock a "neutral" rating in a research note on Thursday, July 25th. Royal Bank of Canada upped their target price on shares of Republic Services from $201.00 to $211.00 and gave the stock a "sector perform" rating in a research note on Thursday, July 25th. Truist Financial upgraded shares of Republic Services from a "hold" rating to a "buy" rating and upped their target price for the stock from $192.00 to $220.00 in a research note on Thursday, July 11th. Finally, TD Cowen upped their target price on shares of Republic Services from $195.00 to $200.00 and gave the stock a "hold" rating in a research note on Monday, August 5th. Ten research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, Republic Services has a consensus rating of "Hold" and a consensus price target of $211.00.

Republic Services Stock Performance

Shares of NYSE RSG traded down $1.39 during midday trading on Friday, reaching $199.38. The company had a trading volume of 1,565,105 shares, compared to its average volume of 909,239. The business's 50-day simple moving average is $202.12 and its 200 day simple moving average is $194.41. The stock has a market cap of $62.79 billion, a P/E ratio of 34.98, a P/E/G ratio of 3.26 and a beta of 0.70. Republic Services, Inc. has a 1 year low of $140.23 and a 1 year high of $208.69. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.05.

Republic Services (NYSE:RSG - Get Free Report) last issued its earnings results on Wednesday, July 24th. The business services provider reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.53 by $0.08. Republic Services had a net margin of 12.11% and a return on equity of 17.81%. The firm had revenue of $4.05 billion during the quarter, compared to analysts' expectations of $4.03 billion. On average, analysts forecast that Republic Services, Inc. will post 6.18 earnings per share for the current fiscal year.

Republic Services Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Wednesday, October 2nd will be issued a $0.58 dividend. This is a boost from Republic Services's previous quarterly dividend of $0.54. The ex-dividend date is Wednesday, October 2nd. This represents a $2.32 dividend on an annualized basis and a yield of 1.16%. Republic Services's payout ratio is presently 40.70%.

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.