Nations Financial Group Inc. IA ADV Has $727,000 Stock Position in Republic Services, Inc. (NYSE:RSG)

Nations Financial Group Inc. IA ADV raised its position in Republic Services, Inc. (NYSE:RSG) by 24.4% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 3,619 shares of the business services provider’s stock after acquiring an additional 711 shares during the period. Nations Financial Group Inc. IA ADV’s holdings in Republic Services were worth $727,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. State Board of Administration of Florida Retirement System increased its holdings in Republic Services by 8.8% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 239,031 shares of the business services provider’s stock worth $45,760,000 after purchasing an additional 19,414 shares in the last quarter. Assenagon Asset Management S.A. raised its position in Republic Services by 15.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 5,663 shares of the business services provider’s stock valued at $1,137,000 after buying an additional 746 shares during the last quarter. PGGM Investments lifted its stake in Republic Services by 264.3% during the 2nd quarter. PGGM Investments now owns 8,842 shares of the business services provider’s stock valued at $1,718,000 after acquiring an additional 6,415 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Republic Services by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 18,254,878 shares of the business services provider’s stock worth $3,494,714,000 after acquiring an additional 101,518 shares in the last quarter. Finally, Natixis raised its holdings in shares of Republic Services by 78.6% in the first quarter. Natixis now owns 27,858 shares of the business services provider’s stock valued at $5,333,000 after purchasing an additional 12,260 shares during the last quarter. Institutional investors own 57.73% of the company’s stock.

Republic Services Stock Performance

NYSE:RSG opened at $214.66 on Thursday. Republic Services, Inc. has a 52-week low of $156.83 and a 52-week high of $216.18. The business’s fifty day moving average is $203.52 and its 200 day moving average is $197.67. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.64 and a current ratio of 0.64. The firm has a market cap of $67.22 billion, a price-to-earnings ratio of 34.35, a PEG ratio of 3.25 and a beta of 0.70.

Republic Services (NYSE:RSG) last announced its quarterly earnings results on Tuesday, October 29th. The business services provider reported $1.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.61 by $0.20. The firm had revenue of $4.08 billion for the quarter, compared to the consensus estimate of $4.12 billion. Republic Services had a net margin of 12.46% and a return on equity of 18.18%. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.54 earnings per share. Research analysts predict that Republic Services, Inc. will post 6.24 EPS for the current year.

Republic Services Announces Dividend

The firm 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. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.08%. Republic Services’s dividend payout ratio (DPR) is presently 37.12%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on RSG shares. BMO Capital Markets increased their price objective 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 Republic Services in a research report on Friday, October 4th. They issued a “sector perform” rating and a $224.00 price objective on the stock. Stifel Nicolaus raised their target price on Republic Services from $215.00 to $230.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Robert W. Baird boosted their price target on shares of Republic Services from $208.00 to $210.00 and gave the stock a “neutral” rating in a report on Thursday, July 25th. Finally, Oppenheimer lifted their price objective on shares of Republic Services from $219.00 to $220.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Nine equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, Republic Services has a consensus rating of “Moderate Buy” and an average target price of $215.71.

Insider Activity at Republic Services

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

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.