Versor Investments LP Sells 4,196 Shares of Republic Services, Inc. (NYSE:RSG)

Versor Investments LP trimmed its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 76.3% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,300 shares of the business services provider’s stock after selling 4,196 shares during the quarter. Versor Investments LP’s holdings in Republic Services were worth $261,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of RSG. Wolff Wiese Magana LLC raised its holdings 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 worth $28,000 after acquiring an additional 109 shares during the period. EntryPoint Capital LLC bought a new position in Republic Services during the 1st quarter worth about $29,000. Webster Bank N. A. acquired a new stake in shares of Republic Services in the 3rd quarter valued at about $31,000. Itau Unibanco Holding S.A. acquired a new position in shares of Republic Services during the second quarter worth about $36,000. Finally, Ashton Thomas Securities LLC bought a new position in shares of Republic Services during the third quarter worth about $39,000. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Republic Services Stock Down 0.7 %

RSG stock opened at $208.04 on Friday. The business’s fifty day moving average price is $203.84 and its two-hundred day moving average price is $197.97. The stock has a market capitalization of $65.15 billion, a price-to-earnings ratio of 33.28, a PEG ratio of 3.28 and a beta of 0.70. Republic Services, Inc. has a fifty-two week low of $157.46 and a fifty-two week high of $216.18. 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 (NYSE:RSG) last posted its quarterly earnings data on Tuesday, October 29th. The business services provider reported $1.81 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $4.12 billion. During the same quarter in the previous year, the firm posted $1.54 EPS. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. On average, equities analysts anticipate that Republic Services, Inc. will post 6.24 earnings per share for the current year.

Republic Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd will be issued a $0.58 dividend. The ex-dividend date is Thursday, January 2nd. This represents a $2.32 annualized dividend and a yield of 1.12%. Republic Services’s dividend payout ratio is presently 37.12%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Stifel Nicolaus upped their price target on Republic Services from $215.00 to $230.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Scotiabank assumed coverage on shares of Republic Services in a research report on Friday, October 4th. They issued a “sector perform” rating and a $224.00 target price for the company. CIBC boosted their price target on shares of Republic Services from $208.00 to $217.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Royal Bank of Canada lifted their target price on Republic Services from $211.00 to $219.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 30th. Finally, BMO Capital Markets increased their price target on Republic Services from $209.00 to $211.00 and gave the company a “market perform” rating in a research report on Thursday, July 25th. Nine investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, Republic Services currently has an average rating of “Moderate Buy” and a consensus target price of $215.71.

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.