Republic Services, Inc. $RSG Stock Bought by Hohimer Wealth Management LLC

Hohimer Wealth Management LLC boosted its stake in shares of Republic Services, Inc. (NYSE:RSG) by 68.2% during the 3rd quarter, Holdings Channel.com reports. The firm owned 21,078 shares of the business services provider’s stock after buying an additional 8,547 shares during the quarter. Hohimer Wealth Management LLC’s holdings in Republic Services were worth $4,424,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of RSG. M Holdings Securities Inc. purchased a new position in shares of Republic Services during the 3rd quarter valued at about $3,030,000. Candriam S.C.A. grew its stake in shares of Republic Services by 5.4% during the 3rd quarter. Candriam S.C.A. now owns 4,266 shares of the business services provider’s stock valued at $899,000 after acquiring an additional 220 shares during the period. Ethic Inc. grew its stake in shares of Republic Services by 4.1% during the 3rd quarter. Ethic Inc. now owns 16,891 shares of the business services provider’s stock valued at $3,545,000 after acquiring an additional 658 shares during the period. StoneX Group Inc. purchased a new stake in Republic Services in the 3rd quarter worth approximately $295,000. Finally, Pictet Asset Management Holding SA increased its holdings in Republic Services by 14.0% in the 3rd quarter. Pictet Asset Management Holding SA now owns 2,814,825 shares of the business services provider’s stock worth $590,761,000 after acquiring an additional 345,719 shares in the last quarter. Institutional investors own 57.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on RSG shares. Barclays lifted their price target on shares of Republic Services from $240.00 to $254.00 and gave the company an “equal weight” rating in a report on Monday, November 2nd. Weiss Ratings upgraded shares of Republic Services from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, August 21st. JPMorgan Chase & Co. increased their price objective on shares of Republic Services from $245.00 to $265.00 and gave the stock a “neutral” rating in a research note on Friday, October 30th. Wells Fargo & Company raised their price objective on shares of Republic Services from $234.00 to $270.00 and gave the company an “overweight” rating in a research report on Monday, November 2nd. Finally, Canadian Imperial Bank of Commerce lowered their target price on shares of Republic Services from $249.00 to $240.00 and set an “outperform” rating on the stock in a research note on Thursday, October 8th. Twelve analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $249.32.

Insider Buying and Selling

In other news, EVP Brian A. Bales sold 3,400 shares of the business’s stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $244.00, for a total value of $829,600.00. Following the transaction, the executive vice president owned 17,616 shares of the company’s stock, valued at approximately $4,298,304. The trade was a 16.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Cascade Investment, L.L.C. bought 324,810 shares of the company’s stock in a transaction that occurred on Friday, September 11th. The shares were bought at an average price of $222.89 per share, with a total value of $72,396,900.90. Following the transaction, the insider owned 117,058,444 shares of the company’s stock, valued at $26,091,156,583.16. The trade was a 0.28% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders have acquired 5,992,798 shares of company stock valued at $1,324,092,981. Insiders own 0.12% of the company’s stock.

Republic Services Stock Performance

NYSE RSG opened at $246.75 on Monday. The firm has a market cap of $75.17 billion, a price-to-earnings ratio of 34.13, a price-to-earnings-growth ratio of 4.10 and a beta of 0.32. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 1.14. The business has a 50-day moving average price of $224.95 and a 200-day moving average price of $217.69. Republic Services, Inc. has a twelve month low of $196.41 and a twelve month high of $254.39.

Republic Services (NYSE:RSG) last released its earnings results on Thursday, October 29th. The business services provider reported $1.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.93 by $0.01. The firm had revenue of $4.56 billion during the quarter, compared to analysts’ expectations of $4.42 billion. Republic Services had a return on equity of 18.56% and a net margin of 12.93%. The firm’s revenue was up 8.2% on a year-over-year basis. During the same quarter last year, the business posted $1.90 earnings per share. As a group, equities research analysts predict that Republic Services, Inc. will post 7.27 EPS for the current fiscal year.

Republic Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 15th. Shareholders of record on Monday, January 4th will be issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Monday, January 4th. Republic Services’s dividend payout ratio (DPR) is 37.07%.

Republic Services Company Profile

Republic Services, Inc provides waste collection, recycling and environmental services to residential, commercial, industrial and municipal customers across the United States. Its services include collecting and transporting waste, operating transfer stations and landfills, and processing recyclable materials.

The company also provides environmental solutions, including services for the management and disposal of hazardous and other specialized waste. Republic Services traces its origins to the 1990s and expanded its operations through the 2008 combination with Allied Waste Industries.

Headquartered in Phoenix, Arizona, Republic Services is led by Chief Executive Officer Jon Vander Ark.