Ycg LLC Acquires 4,428 Shares of Republic Services, Inc. (NYSE:RSG)

YCG LLC boosted its stake in Republic Services, Inc. (NYSE:RSG - Free Report) by 2.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 208,232 shares of the business services provider's stock after purchasing an additional 4,428 shares during the quarter. Republic Services comprises about 3.2% of YCG LLC's holdings, making the stock its 15th biggest position. YCG LLC owned 0.07% of Republic Services worth $41,821,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in RSG. Duality Advisers LP acquired a new position in shares of Republic Services during the first quarter valued at about $332,000. Empowered Funds LLC grew its holdings in shares of Republic Services by 7.0% during the first quarter. Empowered Funds LLC now owns 13,434 shares of the business services provider's stock valued at $2,565,000 after buying an additional 883 shares during the last quarter. Forsta AP Fonden grew its holdings in shares of Republic Services by 11.7% during the first quarter. Forsta AP Fonden now owns 45,000 shares of the business services provider's stock valued at $8,615,000 after buying an additional 4,700 shares during the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in shares of Republic Services during the first quarter valued at about $1,129,000. Finally, Choate Investment Advisors lifted its position in shares of Republic Services by 45.1% during the first quarter. Choate Investment Advisors now owns 3,058 shares of the business services provider's stock valued at $585,000 after purchasing an additional 950 shares in the last quarter. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Republic Services Stock Performance

Shares of NYSE RSG traded up $3.51 during midday trading on Friday, hitting $211.59. The company's stock had a trading volume of 1,011,911 shares, compared to its average volume of 857,462. The stock has a fifty day moving average price of $203.32 and a 200 day moving average price of $197.36. Republic Services, Inc. has a one year low of $154.92 and a one year high of $213.25. 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 firm has a market capitalization of $66.26 billion, a price-to-earnings ratio of 33.85, a P/E/G ratio of 3.24 and a beta of 0.70.

Republic Services (NYSE:RSG - Get Free Report) last posted its quarterly earnings results 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 company had revenue of $4.08 billion for the quarter, compared to analyst estimates 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 previous year, the firm posted $1.54 earnings per share. On average, research analysts forecast that Republic Services, Inc. will post 6.24 EPS for the current fiscal year.

Republic Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be paid 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 1.10%. Republic Services's dividend payout ratio is currently 37.12%.

Insider Activity at Republic Services

In other Republic Services news, Director Tomago Collins sold 3,200 shares of the business's stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $203.01, for a total value of $649,632.00. Following the completion of the transaction, the director now owns 17,486 shares of the company's stock, valued at $3,549,832.86. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.09% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on RSG shares. Scotiabank started coverage on shares of Republic Services in a research report on Friday, October 4th. They set a "sector perform" rating and a $224.00 price target on the stock. Royal Bank of Canada raised their price target on shares of Republic Services from $211.00 to $219.00 and gave the company a "sector perform" rating in a research report on Wednesday, October 30th. Robert W. Baird raised their price target on shares of Republic Services from $208.00 to $210.00 and gave the company a "neutral" rating in a research report on Thursday, July 25th. CIBC raised their price target on shares of Republic Services from $208.00 to $217.00 and gave the company a "neutral" rating in a research report on Wednesday, October 30th. Finally, 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 research 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, Republic Services has a consensus rating of "Moderate Buy" and an average target price of $215.71.

About Republic Services

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.