Republic Services, Inc. (NYSE:RSG) Shares Sold by Versor Investments LP

Versor Investments LP decreased its position in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 76.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,300 shares of the business services provider's stock after selling 4,196 shares during the period. Versor Investments LP's holdings in Republic Services were worth $261,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in RSG. Jupiter Wealth Management LLC raised its holdings in shares of Republic Services by 112.7% in the third quarter. Jupiter Wealth Management LLC now owns 3,775 shares of the business services provider's stock valued at $758,000 after buying an additional 2,000 shares during the last quarter. Venturi Wealth Management LLC raised its stake in Republic Services by 16.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 382 shares of the business services provider's stock valued at $77,000 after acquiring an additional 54 shares during the last quarter. Ashton Thomas Securities LLC acquired a new stake in Republic Services during the 3rd quarter worth approximately $39,000. YCG LLC grew its stake in shares of Republic Services by 2.2% in the 3rd quarter. YCG LLC now owns 208,232 shares of the business services provider's stock valued at $41,821,000 after purchasing an additional 4,428 shares during the last quarter. Finally, Sigma Planning Corp increased its holdings in shares of Republic Services by 34.9% in the third quarter. Sigma Planning Corp now owns 5,270 shares of the business services provider's stock valued at $1,058,000 after purchasing an additional 1,364 shares during the period. Hedge funds and other institutional investors own 57.73% of the company's stock.

Republic Services Price Performance

Shares of NYSE:RSG traded down $1.42 on Friday, hitting $208.04. The company had a trading volume of 984,389 shares, compared to its average volume of 927,151. The business has a 50 day moving average of $203.84 and a 200 day moving average of $198.02. Republic Services, Inc. has a 52-week low of $157.46 and a 52-week high of $216.18. The company has a market cap of $65.15 billion, a PE ratio of 33.29, a PEG ratio of 3.18 and a beta of 0.70. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.07.

Republic Services (NYSE:RSG - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The business services provider reported $1.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.20. The business 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 company's quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.54 earnings per share. As a group, equities analysts anticipate that Republic Services, Inc. will post 6.24 earnings per share for the current fiscal year.

Republic Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be given a dividend of $0.58 per share. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $2.32 annualized dividend and a yield of 1.12%. Republic Services's dividend payout ratio (DPR) is presently 37.12%.

Analyst Upgrades and Downgrades

RSG has been the topic of several recent research reports. Oppenheimer boosted their price objective on shares of Republic Services from $219.00 to $220.00 and gave the company an "outperform" rating in a research note on Wednesday, October 30th. TD Cowen increased their target price on Republic Services from $195.00 to $200.00 and gave the stock a "hold" rating in a research note on Monday, August 5th. Stifel Nicolaus upped their price objective on Republic Services from $215.00 to $230.00 and gave the stock a "buy" rating in a report on Thursday, July 25th. CIBC boosted their target price on shares of Republic Services from $208.00 to $217.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 30th. Finally, StockNews.com downgraded shares of Republic Services from a "strong-buy" rating to a "buy" rating in a report on Thursday, August 1st. Nine equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target 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.