Quantinno Capital Management LP Boosts Stock Holdings in Republic Services, Inc. (NYSE:RSG)

Quantinno Capital Management LP grew its position in shares of Republic Services, Inc. (NYSE:RSG) by 27.4% during the third quarter, Holdings Channel.com reports. The fund owned 31,400 shares of the business services provider’s stock after purchasing an additional 6,752 shares during the quarter. Quantinno Capital Management LP’s holdings in Republic Services were worth $6,306,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. FSA Wealth Management LLC purchased a new position in Republic Services during the 3rd quarter worth $25,000. Wolff Wiese Magana LLC boosted its holdings in shares of Republic Services by 351.6% in the 3rd quarter. Wolff Wiese Magana LLC now owns 140 shares of the business services provider’s stock worth $28,000 after buying an additional 109 shares during the last quarter. Webster Bank N. A. purchased a new position in shares of Republic Services in the 3rd quarter worth about $31,000. Truvestments Capital LLC purchased a new position in shares of Republic Services in the 3rd quarter worth about $34,000. Finally, Itau Unibanco Holding S.A. purchased a new position in shares of Republic Services in the 2nd quarter worth about $36,000. 57.73% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Truist Financial boosted their price target on shares of Republic Services from $220.00 to $244.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. CIBC boosted their price target on shares of Republic Services from $217.00 to $227.00 and gave the stock a “neutral” rating in a report on Wednesday. Royal Bank of Canada upped their price objective on shares of Republic Services from $211.00 to $219.00 and gave the company a “sector perform” rating in a report on Wednesday, October 30th. Oppenheimer upped their price objective on shares of Republic Services from $219.00 to $220.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Finally, William Blair began coverage on shares of Republic Services in a report on Thursday, October 3rd. They set an “outperform” rating on the stock. Eight research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $217.88.

Republic Services Trading Up 0.6 %

Shares of RSG opened at $216.70 on Friday. The business’s 50-day moving average price is $207.21 and its 200-day moving average price is $200.67. Republic Services, Inc. has a twelve month low of $160.41 and a twelve month high of $220.58. The stock has a market cap of $67.86 billion, a PE ratio of 34.67, a P/E/G ratio of 3.29 and a beta of 0.71. 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) last posted its quarterly earnings data on Tuesday, October 29th. The business services provider reported $1.81 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.20. The company had revenue of $4.08 billion for the quarter, compared to analysts’ expectations of $4.12 billion. Republic Services had a net margin of 12.46% and a return on equity of 18.18%. Republic Services’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.54 earnings per share. On average, equities analysts forecast that Republic Services, Inc. will post 6.24 EPS for the current fiscal year.

Republic Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be given a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 1.07%. The ex-dividend date is Thursday, January 2nd. Republic Services’s dividend payout ratio (DPR) is 37.12%.

Insider Buying and Selling

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 value of $1,065,011.42. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.09% of the stock is owned by company insiders.

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.