Silvant Capital Management LLC Has $4.67 Million Stock Position in Republic Services, Inc. (NYSE:RSG)

Silvant Capital Management LLC lowered its position in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 11.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,271 shares of the business services provider's stock after selling 2,976 shares during the quarter. Silvant Capital Management LLC's holdings in Republic Services were worth $4,674,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Republic Services by 0.6% during the first quarter. Vanguard Group Inc. now owns 18,254,878 shares of the business services provider's stock valued at $3,494,714,000 after purchasing an additional 101,518 shares during the last quarter. Capital World Investors lifted its stake in Republic Services by 20.5% in the 1st quarter. Capital World Investors now owns 7,909,008 shares of the business services provider's stock worth $1,514,100,000 after acquiring an additional 1,346,588 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Republic Services by 2.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,520,738 shares of the business services provider's stock worth $506,265,000 after acquiring an additional 57,040 shares in the last quarter. Legal & General Group Plc lifted its stake in Republic Services by 5.4% in the 2nd quarter. Legal & General Group Plc now owns 1,808,580 shares of the business services provider's stock worth $351,480,000 after acquiring an additional 92,013 shares in the last quarter. Finally, TD Asset Management Inc lifted its stake in Republic Services by 2.1% in the 2nd quarter. TD Asset Management Inc now owns 1,757,757 shares of the business services provider's stock worth $341,602,000 after acquiring an additional 35,650 shares in the last quarter. Institutional investors own 57.73% of the company's stock.

Republic Services Stock Performance

RSG traded up $0.58 during midday trading on Friday, reaching $198.58. The company's stock had a trading volume of 1,010,806 shares, compared to its average volume of 857,084. The stock has a market cap of $62.19 billion, a P/E ratio of 31.77, a PEG ratio of 3.04 and a beta of 0.70. The company has a fifty day simple moving average of $203.43 and a 200 day simple moving average of $196.81. The company has a current ratio of 0.64, a quick ratio of 0.59 and a debt-to-equity ratio of 1.07. Republic Services, Inc. has a twelve month low of $148.36 and a twelve month high of $208.69.

Republic Services (NYSE:RSG - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The business services provider reported $1.81 EPS for the quarter, topping 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 company had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $4.12 billion. During the same quarter last year, the company earned $1.54 EPS. The company's quarterly revenue was up 6.5% on a year-over-year basis. Research analysts expect that Republic Services, Inc. will post 6.23 earnings per share for the current year.

Republic Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd will be given a $0.58 dividend. The ex-dividend date is Thursday, January 2nd. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.17%. Republic Services's dividend payout ratio is currently 37.12%.

Insiders Place Their Bets

In related news, Director Tomago Collins sold 3,200 shares of the firm's stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $203.01, for a total transaction of $649,632.00. Following the completion of the transaction, the director now owns 17,486 shares in the company, valued at $3,549,832.86. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.09% of the company's stock.

Analysts Set New Price Targets

RSG has been the subject of several research analyst reports. Morgan Stanley increased their price objective on Republic Services from $208.00 to $217.00 and gave the stock an "equal weight" rating in a research note on Wednesday. Royal Bank of Canada upped their target price on Republic Services from $211.00 to $219.00 and gave the stock a "sector perform" rating in a research report on Wednesday. BMO Capital Markets upped their target price on Republic Services from $209.00 to $211.00 and gave the stock a "market perform" rating in a research report on Thursday, July 25th. TD Cowen upped their target price on Republic Services from $195.00 to $200.00 and gave the stock a "hold" rating in a research report on Monday, August 5th. Finally, Oppenheimer upped their target price on Republic Services from $219.00 to $220.00 and gave the stock an "outperform" rating in a research report on Wednesday. Nine equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $215.71.

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.