Avior Wealth Management LLC Acquires 357 Shares of Republic Services, Inc. (NYSE:RSG)

Avior Wealth Management LLC increased its stake in Republic Services, Inc. (NYSE:RSG) by 3.7% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,073 shares of the business services provider’s stock after purchasing an additional 357 shares during the quarter. Avior Wealth Management LLC’s holdings in Republic Services were worth $2,023,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the stock. Wolff Wiese Magana LLC increased its position in shares of Republic Services by 351.6% during the third quarter. Wolff Wiese Magana LLC now owns 140 shares of the business services provider’s stock valued at $28,000 after buying an additional 109 shares during the period. EntryPoint Capital LLC bought a new stake in Republic Services during the 1st quarter worth approximately $29,000. Webster Bank N. A. bought a new position in Republic Services in the 3rd quarter valued at $31,000. Itau Unibanco Holding S.A. purchased a new position in shares of Republic Services during the 2nd quarter valued at $36,000. Finally, Ashton Thomas Securities LLC bought a new position in shares of Republic Services in the third quarter worth $39,000. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Republic Services Stock Up 0.9 %

RSG opened at $210.91 on Wednesday. The company has a market cap of $66.05 billion, a P/E ratio of 33.75, a P/E/G ratio of 3.18 and a beta of 0.70. Republic Services, Inc. has a 12 month low of $157.91 and a 12 month high of $216.18. The business’s 50-day moving average price is $204.01 and its 200-day moving average price is $198.44. 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) last announced its quarterly earnings data on Tuesday, October 29th. The business services provider reported $1.81 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.20. Republic Services had a return on equity of 18.18% and a net margin of 12.46%. The firm had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $4.12 billion. During the same quarter in the previous year, the company posted $1.54 earnings per share. The business’s revenue was up 6.5% on a year-over-year basis. On average, equities analysts expect that Republic Services, Inc. will post 6.24 EPS for the current year.

Republic Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd will be given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date is Thursday, January 2nd. Republic Services’s payout ratio is 37.12%.

Insider Transactions at Republic Services

In other Republic Services news, CFO Brian M. Delghiaccio sold 5,071 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The stock was 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. This represents a 44.53 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.09% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Robert W. Baird boosted their target price on Republic Services from $208.00 to $210.00 and gave the stock a “neutral” rating in a research report on Thursday, July 25th. Truist Financial boosted their price objective on Republic Services from $220.00 to $244.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. BMO Capital Markets raised their target price on shares of Republic Services from $209.00 to $211.00 and gave the company a “market perform” rating in a research note on Thursday, July 25th. Scotiabank assumed coverage on shares of Republic Services in a research note on Friday, October 4th. They issued a “sector perform” rating and a $224.00 price target for the company. Finally, TD Cowen lifted their price objective on shares of Republic Services from $195.00 to $200.00 and gave the stock a “hold” rating in a report on Monday, August 5th. Nine analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, Republic Services has an average rating of “Moderate Buy” and a consensus 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.