Washington Trust Bank Has $13.42 Million Stock Holdings in Republic Services, Inc. (NYSE:RSG)

Washington Trust Bank lowered its position in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 4.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 66,797 shares of the business services provider's stock after selling 3,145 shares during the period. Republic Services makes up approximately 1.3% of Washington Trust Bank's portfolio, making the stock its 29th largest position. Washington Trust Bank's holdings in Republic Services were worth $13,416,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in RSG. Duality Advisers LP purchased a new position in shares of Republic Services in the 1st quarter valued at about $332,000. Empirical Finance LLC increased its holdings in shares of Republic Services by 3.4% in the 1st quarter. Empirical Finance LLC now owns 7,468 shares of the business services provider's stock valued at $1,430,000 after purchasing an additional 249 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in Republic Services by 11.1% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 57,461 shares of the business services provider's stock worth $11,000,000 after purchasing an additional 5,744 shares during the last quarter. Empowered Funds LLC raised its position in Republic Services by 7.0% during the first quarter. Empowered Funds LLC now owns 13,434 shares of the business services provider's stock worth $2,565,000 after acquiring an additional 883 shares during the last quarter. Finally, SG Americas Securities LLC increased its position in Republic Services by 235.4% during the 1st quarter. SG Americas Securities LLC now owns 255,007 shares of the business services provider's stock worth $48,819,000 after purchasing an additional 178,969 shares in the last quarter. 57.73% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Republic Services

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

Analyst Ratings Changes

Several research firms have commented on RSG. Robert W. Baird lifted their price target on Republic Services from $208.00 to $210.00 and gave the company a "neutral" rating in a report on Thursday, July 25th. BMO Capital Markets boosted their target price on shares of 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 raised their price target on shares of Republic Services from $195.00 to $200.00 and gave the company a "hold" rating in a report on Monday, August 5th. Raymond James cut their target price on Republic Services from $219.00 to $214.00 and set an "outperform" rating on the stock in a research report on Thursday, July 25th. Finally, Oppenheimer boosted their target price on shares of Republic Services from $219.00 to $220.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th. Nine investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, Republic Services has a consensus rating of "Moderate Buy" and an average price target of $215.71.

Republic Services Trading Up 0.5 %

NYSE RSG traded up $1.01 on Thursday, hitting $208.08. 847,237 shares of the stock were exchanged, compared to its average volume of 1,127,180. The company's 50-day moving average price is $203.21 and its two-hundred day moving average price is $197.10. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.64 and a quick ratio of 0.64. Republic Services, Inc. has a 52-week low of $154.49 and a 52-week high of $209.09. The company has a market capitalization of $65.16 billion, a price-to-earnings ratio of 33.29, a P/E/G ratio of 3.07 and a beta of 0.70.

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. The firm had revenue of $4.08 billion during the quarter, compared to analyst estimates of $4.12 billion. Republic Services had a return on equity of 18.18% and a net margin of 12.46%. The business's quarterly revenue was up 6.5% compared to the same quarter last year. During the same period last year, the company posted $1.54 EPS. Research analysts predict that Republic Services, Inc. will post 6.24 EPS 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 dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 1.11%. The ex-dividend date of this dividend is Thursday, January 2nd. Republic Services's dividend 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.