Republic Services, Inc. (NYSE:RSG) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 16.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 92,827 shares of the business services provider's stock after purchasing an additional 13,211 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Republic Services were worth $18,643,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Tidal Investments LLC raised its holdings in shares of Republic Services by 55.1% during the first quarter. Tidal Investments LLC now owns 10,093 shares of the business services provider's stock worth $1,932,000 after purchasing an additional 3,587 shares during the last quarter. Swedbank AB purchased a new position in shares of Republic Services during the 1st quarter valued at about $8,792,000. Atria Investments Inc acquired a new position in shares of Republic Services in the 1st quarter valued at about $1,068,000. Cetera Investment Advisers grew its holdings in Republic Services by 179.3% during the first quarter. Cetera Investment Advisers now owns 67,652 shares of the business services provider's stock worth $12,951,000 after acquiring an additional 43,432 shares during the period. Finally, Cetera Advisors LLC raised its position in Republic Services by 92.7% during the first quarter. Cetera Advisors LLC now owns 17,351 shares of the business services provider's stock valued at $3,322,000 after acquiring an additional 8,348 shares in the last quarter. 57.73% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have commented on RSG. Truist Financial upped their price objective on Republic Services from $220.00 to $244.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. Morgan Stanley increased their price target 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. Scotiabank started 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 for the company. TD Cowen increased 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. Finally, CIBC lifted their price target on Republic Services from $208.00 to $217.00 and gave the company a "neutral" rating in a research note on Wednesday, October 30th. Nine analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $215.71.

Insider Buying and Selling at Republic Services

In other news, CFO Brian M. Delghiaccio sold 5,071 shares of the company's stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $210.02, for a total transaction of $1,065,011.42. Following the completion of the transaction, the chief financial officer now directly owns 6,318 shares of the company's stock, valued at approximately $1,326,906.36. This represents a 44.53 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.09% of the company's stock.

Republic Services Stock Up 0.0 %

Republic Services stock opened at $218.30 on Friday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.64 and a current ratio of 0.64. The company has a market capitalization of $68.36 billion, a PE ratio of 34.93, a price-to-earnings-growth ratio of 3.34 and a beta of 0.70. Republic Services, Inc. has a fifty-two week low of $159.38 and a fifty-two week high of $220.58. The firm has a 50 day moving average price of $206.22 and a 200 day moving average price of $199.90.

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

Republic Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be paid a $0.58 dividend. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $2.32 dividend on an annualized basis and a yield of 1.06%. Republic Services's dividend payout ratio is currently 37.12%.

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.