Republic Services, Inc. (NYSE:RSG) Stock Holdings Increased by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. lifted its holdings in Republic Services, Inc. (NYSE:RSG - Free Report) by 129.8% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 324,566 shares of the business services provider's stock after purchasing an additional 183,325 shares during the quarter. Rockefeller Capital Management L.P. owned 0.10% of Republic Services worth $65,186,000 as of its most recent filing with the SEC.

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

Wall Street Analyst Weigh In

RSG has been the topic of several research reports. CIBC upped their price target on Republic Services from $208.00 to $217.00 and gave the company a "neutral" rating in a report on Wednesday, October 30th. Truist Financial boosted their target price on Republic Services from $220.00 to $244.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. Royal Bank of Canada increased their price target on Republic Services from $211.00 to $219.00 and gave the company a "sector perform" rating in a research report on Wednesday, October 30th. William Blair began coverage on Republic Services in a report on Thursday, October 3rd. They set an "outperform" rating on the stock. Finally, Oppenheimer raised their target price on shares of Republic Services from $219.00 to $220.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. Nine investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $215.71.

Republic Services Stock Performance

RSG stock opened at $218.30 on Friday. The firm has a 50 day moving average of $206.22 and a two-hundred day moving average of $199.90. Republic Services, Inc. has a 12 month low of $159.38 and a 12 month high of $220.58. The company has a market capitalization of $68.36 billion, a price-to-earnings ratio of 34.93, a P/E/G ratio of 3.34 and a beta of 0.70. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.07.

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

Republic Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd will be issued a dividend of $0.58 per share. The ex-dividend date is Thursday, January 2nd. This represents a $2.32 annualized dividend and a yield of 1.06%. Republic Services's dividend payout ratio (DPR) is presently 37.12%.

Insider Transactions at Republic Services

In other Republic Services news, CFO Brian M. Delghiaccio sold 5,071 shares of the business's stock in a transaction on Tuesday, November 19th. The shares were 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 owns 6,318 shares of the company's stock, valued at $1,326,906.36. The trade was a 44.53 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.09% of the stock is owned by corporate insiders.

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.

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