Y Intercept Hong Kong Ltd Acquires 8,454 Shares of Republic Services, Inc. (NYSE:RSG)

Y Intercept Hong Kong Ltd lifted its holdings in Republic Services, Inc. (NYSE:RSG - Free Report) by 79.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,070 shares of the business services provider's stock after buying an additional 8,454 shares during the period. Y Intercept Hong Kong Ltd's holdings in Republic Services were worth $3,830,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Simmons Bank grew its holdings in shares of Republic Services by 2.8% during the 3rd quarter. Simmons Bank now owns 1,895 shares of the business services provider's stock valued at $381,000 after acquiring an additional 51 shares in the last quarter. Hantz Financial Services Inc. grew its stake in Republic Services by 1.0% in the third quarter. Hantz Financial Services Inc. now owns 5,099 shares of the business services provider's stock valued at $1,024,000 after purchasing an additional 52 shares in the last quarter. Commerzbank Aktiengesellschaft FI increased its position in Republic Services by 2.9% in the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 1,860 shares of the business services provider's stock worth $362,000 after purchasing an additional 53 shares during the last quarter. Venturi Wealth Management LLC raised its stake in shares of Republic Services by 16.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 382 shares of the business services provider's stock worth $77,000 after purchasing an additional 54 shares in the last quarter. Finally, Fidelis Capital Partners LLC lifted its holdings in shares of Republic Services by 3.8% during the 3rd quarter. Fidelis Capital Partners LLC now owns 1,520 shares of the business services provider's stock valued at $310,000 after buying an additional 55 shares during the last quarter. Hedge funds and other institutional investors own 57.73% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on RSG. William Blair started coverage on shares of Republic Services in a research report on Thursday, October 3rd. They set an "outperform" rating on the stock. Truist Financial raised their price target on shares of Republic Services from $220.00 to $244.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. Morgan Stanley increased their target price on shares of Republic Services from $208.00 to $217.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 30th. Royal Bank of Canada boosted their price target on Republic Services from $211.00 to $219.00 and gave the stock a "sector perform" rating in a research report on Wednesday, October 30th. Finally, Scotiabank initiated coverage on Republic Services in a research note on Friday, October 4th. They issued a "sector perform" rating and a $224.00 price objective on the stock. Eight equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $217.88.

Insider Transactions at Republic Services

In related news, Director Katharine Weymouth sold 1,859 shares of the business's stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $215.27, for a total value of $400,186.93. Following the completion of the transaction, the director now owns 879 shares in the company, valued at $189,222.33. The trade was a 67.90 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Brian M. Delghiaccio sold 5,071 shares of the stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $210.02, for a total value of $1,065,011.42. Following the completion of the transaction, the chief financial officer now owns 6,318 shares in the company, valued at $1,326,906.36. The trade was a 44.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.09% of the stock is owned by company insiders.

Republic Services Stock Performance

RSG stock traded down $4.32 during midday trading on Monday, hitting $212.36. The stock had a trading volume of 1,022,295 shares, compared to its average volume of 1,115,527. Republic Services, Inc. has a 52 week low of $160.65 and a 52 week high of $220.58. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.07. The stock has a 50-day simple moving average of $207.79 and a 200 day simple moving average of $201.26. The firm has a market capitalization of $66.50 billion, a price-to-earnings ratio of 33.98, a P/E/G ratio of 3.31 and a beta of 0.71.

Republic Services (NYSE:RSG - Get Free Report) last released 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. Republic Services had a net margin of 12.46% and a return on equity of 18.18%. The company had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $4.12 billion. During the same period last year, the firm earned $1.54 EPS. The firm's revenue for the quarter was up 6.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Republic Services, Inc. will post 6.24 earnings per share for the current year.

Republic Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd will be paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date of this dividend is Thursday, January 2nd. Republic Services's dividend payout ratio (DPR) 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.