Fiduciary Family Office LLC Raises Stock Holdings in Republic Services, Inc. (NYSE:RSG)

Fiduciary Family Office LLC increased its position in Republic Services, Inc. (NYSE:RSG - Free Report) by 169.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,344 shares of the business services provider's stock after acquiring an additional 2,732 shares during the quarter. Fiduciary Family Office LLC's holdings in Republic Services were worth $872,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. TD Asset Management Inc grew its stake in shares of Republic Services by 424.7% in the 1st quarter. TD Asset Management Inc now owns 1,722,107 shares of the business services provider's stock worth $329,680,000 after buying an additional 1,393,918 shares in the last quarter. Capital World Investors grew its position 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 valued at $1,514,100,000 after acquiring an additional 1,346,588 shares during the last quarter. M&G Plc purchased a new stake in shares of Republic Services during the first quarter valued at $130,892,000. International Assets Investment Management LLC grew its holdings in shares of Republic Services by 83,671.9% in the third quarter. International Assets Investment Management LLC now owns 538,653 shares of the business services provider's stock worth $108,183,000 after purchasing an additional 538,010 shares during the last quarter. Finally, Earnest Partners LLC boosted its holdings in shares of Republic Services by 16.9% in the first quarter. Earnest Partners LLC now owns 1,262,519 shares of the business services provider's stock valued at $241,697,000 after purchasing an additional 182,645 shares during the period. Institutional investors own 57.73% of the company's stock.

Wall Street Analysts Forecast Growth

RSG has been the subject of several research reports. Truist Financial lifted their price objective on shares of Republic Services from $220.00 to $244.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. Oppenheimer raised their target price on Republic Services from $219.00 to $220.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 30th. BMO Capital Markets lifted their target price on shares of Republic Services from $209.00 to $211.00 and gave the company a "market perform" rating in a report on Thursday, July 25th. StockNews.com lowered shares of Republic Services from a "strong-buy" rating to a "buy" rating in a research note on Thursday, August 1st. Finally, TD Cowen increased their price objective on shares of Republic Services from $195.00 to $200.00 and gave the company a "hold" rating in a research report on Monday, August 5th. Nine research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $215.71.

Insider Buying and Selling at Republic Services

In related news, Director Tomago Collins sold 3,200 shares of the business'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 value of $649,632.00. Following the completion of the sale, 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 position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.09% of the company's stock.

Republic Services Trading Up 0.8 %

Shares of NYSE:RSG traded up $1.55 during midday trading on Tuesday, hitting $202.14. 687,773 shares of the stock were exchanged, compared to its average volume of 1,126,727. The stock has a market capitalization of $63.30 billion, a price-to-earnings ratio of 32.09, a P/E/G ratio of 3.04 and a beta of 0.70. 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 12 month low of $153.13 and a 12 month high of $208.69. The business's 50-day moving average price is $203.31 and its 200 day moving average price is $196.94.

Republic Services (NYSE:RSG - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The business services provider reported $1.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.61 by $0.20. The business had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $4.12 billion. Republic Services had a return on equity of 18.18% and a net margin of 12.46%. The company's quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.54 EPS. Analysts predict that Republic Services, Inc. will post 6.24 earnings per share for the current year.

Republic Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd will be issued a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend is Thursday, January 2nd. Republic Services's payout ratio is currently 37.12%.

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.