Republic Services, Inc. (NYSE:RSG) Shares Sold by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC cut its stake in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 59.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,773 shares of the business services provider's stock after selling 7,077 shares during the period. Exchange Traded Concepts LLC's holdings in Republic Services were worth $959,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. RFG Advisory LLC lifted its position in shares of Republic Services by 0.5% during the 2nd quarter. RFG Advisory LLC now owns 10,603 shares of the business services provider's stock worth $2,061,000 after buying an additional 53 shares during the last quarter. Commerzbank Aktiengesellschaft FI increased its stake in Republic Services by 2.9% in the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 1,860 shares of the business services provider's stock valued at $362,000 after buying an additional 53 shares during the period. Capital Advisors Ltd. LLC increased its stake in Republic Services by 2.9% in the 1st quarter. Capital Advisors Ltd. LLC now owns 1,903 shares of the business services provider's stock valued at $364,000 after buying an additional 54 shares during the period. Hexagon Capital Partners LLC increased its stake in Republic Services by 4.0% in the 2nd quarter. Hexagon Capital Partners LLC now owns 1,433 shares of the business services provider's stock valued at $278,000 after buying an additional 55 shares during the period. Finally, Assenagon Asset Management S.A. increased its stake in Republic Services by 1.2% in the 2nd quarter. Assenagon Asset Management S.A. now owns 4,917 shares of the business services provider's stock valued at $956,000 after buying an additional 57 shares during the period. Institutional investors and hedge funds own 57.73% of the company's stock.

Analyst Ratings Changes

Several equities analysts have issued reports on RSG shares. 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. Oppenheimer lowered their price target on shares of Republic Services from $211.00 to $210.00 and set an "outperform" rating on the stock in a research note on Thursday, July 25th. Stifel Nicolaus upped their price target on shares of Republic Services from $215.00 to $230.00 and gave the stock a "buy" rating in a research note on Thursday, July 25th. Truist Financial raised shares of Republic Services from a "hold" rating to a "buy" rating and upped their price target for the stock from $192.00 to $220.00 in a research note on Thursday, July 11th. Finally, BMO Capital Markets upped their price target on shares of Republic Services from $209.00 to $211.00 and gave the stock a "market perform" rating in a research note on Thursday, July 25th. Ten equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $211.65.

Insider Transactions at Republic Services

In other news, Director Tomago Collins sold 3,200 shares of the stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $203.01, for a total transaction of $649,632.00. Following the transaction, the director now directly owns 17,486 shares in the company, valued at $3,549,832.86. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.09% of the company's stock.

Republic Services Trading Up 0.0 %

NYSE:RSG traded up $0.09 on Thursday, reaching $205.62. The stock had a trading volume of 626,254 shares, compared to its average volume of 1,143,933. The company has a market cap of $64.76 billion, a price-to-earnings ratio of 36.06, a P/E/G ratio of 3.26 and a beta of 0.69. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.59 and a quick ratio of 0.59. The firm's fifty day moving average is $203.77 and its two-hundred day moving average is $195.67. Republic Services, Inc. has a 12-month low of $142.65 and a 12-month high of $208.69.

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

Republic Services Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Wednesday, October 2nd were issued a dividend of $0.58 per share. This is a positive change from Republic Services's previous quarterly dividend of $0.54. This represents a $2.32 annualized dividend and a dividend yield of 1.13%. The ex-dividend date of this dividend was Wednesday, October 2nd. Republic Services's dividend payout ratio is presently 40.70%.

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.