Nisa Investment Advisors LLC Purchases 4,521 Shares of Republic Services, Inc. $RSG

Nisa Investment Advisors LLC boosted its holdings in Republic Services, Inc. (NYSE:RSG) by 9.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 50,528 shares of the business services provider’s stock after purchasing an additional 4,521 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Republic Services were worth $11,595,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Financial Consulate Inc. acquired a new position in shares of Republic Services during the third quarter valued at about $25,000. Cranbrook Wealth Management LLC raised its holdings in shares of Republic Services by 1,222.2% in the 2nd quarter. Cranbrook Wealth Management LLC now owns 119 shares of the business services provider’s stock worth $29,000 after acquiring an additional 110 shares during the last quarter. NewSquare Capital LLC lifted its position in Republic Services by 68.5% in the 2nd quarter. NewSquare Capital LLC now owns 123 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 50 shares in the last quarter. Foster Dykema Cabot & Partners LLC acquired a new position in Republic Services during the 2nd quarter valued at about $33,000. Finally, Atticus Wealth Management LLC bought a new stake in Republic Services during the 2nd quarter worth approximately $39,000. Institutional investors and hedge funds own 57.73% of the company’s stock.

Wall Street Analyst Weigh In

RSG has been the topic of a number of recent research reports. Barclays began coverage on Republic Services in a report on Friday, September 19th. They issued an “equal weight” rating and a $240.00 target price on the stock. UBS Group set a $220.00 price objective on Republic Services in a research note on Monday, January 5th. Jefferies Financial Group set a $248.00 price objective on shares of Republic Services and gave the stock a “buy” rating in a report on Monday, November 3rd. Bank of America lowered their target price on shares of Republic Services from $271.00 to $241.00 and set a “buy” rating for the company in a report on Monday, December 22nd. Finally, The Goldman Sachs Group began coverage on shares of Republic Services in a research report on Monday, November 24th. They set a “buy” rating and a $255.00 price target on the stock. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $250.41.

Republic Services Stock Up 0.1%

Shares of NYSE:RSG opened at $212.17 on Friday. Republic Services, Inc. has a 1 year low of $201.42 and a 1 year high of $258.75. The company has a market capitalization of $65.68 billion, a PE ratio of 31.57, a price-to-earnings-growth ratio of 3.47 and a beta of 0.55. The business has a fifty day moving average price of $212.14 and a two-hundred day moving average price of $224.84. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.58 and a quick ratio of 0.58.

Republic Services (NYSE:RSG) last issued its quarterly earnings results on Friday, October 31st. The business services provider reported $1.90 earnings per share for the quarter, topping analysts’ consensus estimates of $1.78 by $0.12. Republic Services had a net margin of 12.77% and a return on equity of 18.24%. The company had revenue of $4.21 billion for the quarter, compared to the consensus estimate of $4.25 billion. During the same period in the previous year, the firm earned $1.81 EPS. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. Analysts forecast that Republic Services, Inc. will post 6.86 earnings per share for the current year.

Republic Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Friday, January 2nd will be given a dividend of $0.625 per share. This represents a $2.50 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, January 2nd. Republic Services’s dividend payout ratio is currently 37.20%.

Insider Activity

In related news, Director Katharine Weymouth purchased 478 shares of the stock in a transaction that occurred on Tuesday, December 9th. The shares were bought at an average price of $209.46 per share, with a total value of $100,121.88. Following the acquisition, the director owned 5,740 shares of the company’s stock, valued at $1,202,300.40. This trade represents a 9.08% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.11% of the stock is currently owned by insiders.

About Republic Services

Republic Services, Inc is a leading provider of non-hazardous solid waste and recycling services in the United States. The company offers a broad range of waste management solutions to residential, commercial, industrial and municipal customers, positioning itself as a full-service partner for everyday waste collection as well as specialized disposal needs.

Republic’s core operations include curbside and commercial collection, transfer and hauling, materials recovery and recycling facilities, and landfill disposal.