Republic Services, Inc. (NYSE:RSG) Shares Sold by Oxbow Advisors LLC

Oxbow Advisors LLC trimmed its stake in Republic Services, Inc. (NYSE:RSG) by 5.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,516 shares of the business services provider’s stock after selling 199 shares during the period. Oxbow Advisors LLC’s holdings in Republic Services were worth $683,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. YHB Investment Advisors Inc. acquired a new position in Republic Services in the first quarter valued at $29,000. EntryPoint Capital LLC purchased a new position in shares of Republic Services during the first quarter worth approximately $29,000. Jones Financial Companies Lllp increased its stake in Republic Services by 3,014.3% in the fourth quarter. Jones Financial Companies Lllp now owns 218 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 211 shares during the period. Indiana Trust & Investment Management CO acquired a new position in Republic Services in the 2nd quarter valued at about $45,000. Finally, Frazier Financial Advisors LLC purchased a new stake in shares of Republic Services during the fourth quarter worth approximately $50,000. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Republic Services

In other Republic Services news, Director Tomago Collins sold 3,200 shares of the business’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $203.01, for a total value of $649,632.00. Following the completion of the transaction, the director now directly owns 17,486 shares in the company, valued at approximately $3,549,832.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.09% of the company’s stock.

Republic Services Price Performance

Shares of Republic Services stock traded down $2.61 during trading on Friday, hitting $202.82. 1,033,364 shares of the company were exchanged, compared to its average volume of 1,174,679. The firm has a 50 day moving average price of $200.65 and a 200 day moving average price of $192.34. The stock has a market capitalization of $63.87 billion, a price-to-earnings ratio of 35.58, a P/E/G ratio of 3.34 and a beta of 0.70. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.05. Republic Services, Inc. has a fifty-two week low of $140.23 and a fifty-two week high of $208.69.

Republic Services (NYSE:RSG) last issued its quarterly earnings data on Wednesday, July 24th. The business services provider reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.08. Republic Services had a return on equity of 17.81% and a net margin of 12.11%. The business had revenue of $4.05 billion for the quarter, compared to the consensus estimate of $4.03 billion. On average, equities analysts expect that Republic Services, Inc. will post 6.18 earnings per share for the current fiscal year.

Republic Services Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Wednesday, October 2nd will be given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date is Wednesday, October 2nd. This is a positive change from Republic Services’s previous quarterly dividend of $0.54. Republic Services’s payout ratio is currently 40.70%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. BMO Capital Markets lifted their target price on shares of Republic Services from $209.00 to $211.00 and gave the company a “market perform” rating in a report on Thursday, July 25th. Royal Bank of Canada lifted their price objective on Republic Services from $201.00 to $211.00 and gave the company a “sector perform” rating in a report on Thursday, July 25th. TD Cowen increased their target price on Republic Services from $195.00 to $200.00 and gave the stock a “hold” rating in a research note on Monday, August 5th. Truist Financial upgraded Republic Services from a “hold” rating to a “buy” rating and lifted their price target for the company from $192.00 to $220.00 in a research note on Thursday, July 11th. Finally, Raymond James cut their price objective on Republic Services from $219.00 to $214.00 and set an “outperform” rating for the company in a research report on Thursday, July 25th. Ten equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $211.00.

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.