Landscape Capital Management L.L.C. Takes $2 Million Position in Republic Services, Inc. (NYSE:RSG)

Landscape Capital Management L.L.C. bought a new stake in Republic Services, Inc. (NYSE:RSG) in the third quarter, HoldingsChannel reports. The fund bought 9,942 shares of the business services provider’s stock, valued at approximately $1,997,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wolff Wiese Magana LLC grew its holdings in shares of Republic Services by 351.6% during the 3rd quarter. Wolff Wiese Magana LLC now owns 140 shares of the business services provider’s stock worth $28,000 after purchasing an additional 109 shares during the period. EntryPoint Capital LLC purchased a new stake in Republic Services during the 1st quarter worth $29,000. Webster Bank N. A. acquired a new stake in Republic Services in the 3rd quarter valued at $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 purchased a new stake in shares of Republic Services in the third quarter worth about $39,000. Institutional investors and hedge funds own 57.73% of the company’s stock.

Insider Transactions at Republic Services

In related news, CFO Brian M. Delghiaccio sold 5,071 shares of the stock in a transaction on Tuesday, November 19th. The stock was 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 directly owns 6,318 shares in the company, valued at approximately $1,326,906.36. This trade represents a 44.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.09% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on RSG. BMO Capital Markets lifted 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. CIBC boosted their price objective on shares of Republic Services from $208.00 to $217.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Truist Financial upped their price objective on shares of Republic Services from $220.00 to $244.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Scotiabank initiated coverage on Republic Services in a research note on Friday, October 4th. They issued a “sector perform” rating and a $224.00 price target on the stock. Finally, Morgan Stanley raised their price objective on Republic Services from $208.00 to $217.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Nine equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $215.71.

Republic Services Stock Up 0.7 %

Shares of Republic Services stock opened at $214.06 on Friday. The stock’s fifty day moving average is $204.34 and its 200-day moving average is $198.65. The firm has a market capitalization of $67.03 billion, a PE ratio of 34.25, a price-to-earnings-growth ratio of 3.22 and a beta of 0.70. Republic Services, Inc. has a 12-month low of $159.10 and a 12-month high of $216.18. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.07.

Republic Services (NYSE:RSG) last released its quarterly earnings results 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 business had revenue of $4.08 billion for the quarter, compared to analyst estimates of $4.12 billion. During the same quarter in the previous year, the business earned $1.54 earnings per share. The firm’s revenue was up 6.5% compared to the same quarter last year. Equities analysts anticipate that Republic Services, Inc. will post 6.24 earnings per share for the current year.

Republic Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.08%. Republic Services’s dividend payout ratio is 37.12%.

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.