169 Shares in Republic Services, Inc. (NYSE:RSG) Purchased by Truvestments Capital LLC

Truvestments Capital LLC acquired a new position in Republic Services, Inc. (NYSE:RSG) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 169 shares of the business services provider’s stock, valued at approximately $34,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wolff Wiese Magana LLC lifted its stake in Republic Services by 351.6% in the third quarter. Wolff Wiese Magana LLC now owns 140 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 109 shares during the last quarter. Webster Bank N. A. purchased a new position in shares of Republic Services during the 3rd quarter valued at $31,000. Itau Unibanco Holding S.A. purchased a new stake in Republic Services in the 2nd quarter worth about $36,000. Ashton Thomas Securities LLC bought a new stake in Republic Services in the 3rd quarter valued at about $39,000. Finally, Indiana Trust & Investment Management CO purchased a new stake in Republic Services during the second quarter valued at about $45,000. 57.73% of the stock is owned by institutional investors.

Republic Services Stock Performance

NYSE:RSG opened at $218.28 on Thursday. The company has a market capitalization of $68.35 billion, a price-to-earnings ratio of 34.92, a PEG ratio of 3.33 and a beta of 0.70. The business has a 50 day moving average of $205.53 and a 200 day moving average of $199.56. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.64 and a quick ratio of 0.64. Republic Services, Inc. has a 1-year low of $159.10 and a 1-year high of $220.58.

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, 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 firm had revenue of $4.08 billion during the quarter, compared to analyst estimates of $4.12 billion. During the same period in the previous year, the business posted $1.54 EPS. The business’s quarterly revenue was up 6.5% on a year-over-year basis. On average, sell-side analysts predict that Republic Services, Inc. will post 6.24 earnings per share for the current fiscal year.

Republic Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be issued a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 1.06%. The ex-dividend date of this dividend is Thursday, January 2nd. Republic Services’s dividend payout ratio is presently 37.12%.

Wall Street Analyst Weigh In

RSG has been the subject of several recent research reports. TD Cowen lifted their target price on shares of Republic Services from $195.00 to $200.00 and gave the stock a “hold” rating in a research note on Monday, August 5th. Oppenheimer boosted their target price 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. StockNews.com lowered Republic Services from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 1st. Royal Bank of Canada boosted their price objective on Republic Services from $211.00 to $219.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 30th. Finally, William Blair assumed coverage on Republic Services in a research note on Thursday, October 3rd. They issued an “outperform” rating for the company. Nine 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 an average rating of “Moderate Buy” and a consensus target price of $215.71.

Insider Buying and Selling

In other Republic Services news, 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 transaction 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 position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.09% of the stock is owned by corporate insiders.

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.