Republic Services, Inc. (NYSE:RSG) Shares Sold by Meeder Advisory Services Inc.

Meeder Advisory Services Inc. cut its position in Republic Services, Inc. (NYSE:RSG) by 13.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,358 shares of the business services provider’s stock after selling 682 shares during the period. Meeder Advisory Services Inc.’s holdings in Republic Services were worth $875,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Wolff Wiese Magana LLC grew 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 buying an additional 109 shares in the last quarter. EntryPoint Capital LLC purchased a new stake in Republic Services during the 1st quarter valued at about $29,000. Webster Bank N. A. purchased a new position in Republic Services in the 3rd quarter worth approximately $31,000. Itau Unibanco Holding S.A. acquired a new position in shares of Republic Services during the 2nd quarter worth approximately $36,000. Finally, Ashton Thomas Securities LLC purchased a new stake in shares of Republic Services in the third quarter valued at approximately $39,000. 57.73% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Republic Services news, CFO Brian M. Delghiaccio sold 5,071 shares of the firm’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $210.02, for a total value of $1,065,011.42. Following the sale, the chief financial officer now directly owns 6,318 shares in the company, valued at $1,326,906.36. This trade represents a 44.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. BMO Capital Markets boosted their price objective on Republic Services from $209.00 to $211.00 and gave the stock a “market perform” rating in a research note on Thursday, July 25th. CIBC upped their price objective on shares of Republic Services from $208.00 to $217.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Truist Financial lifted their target price on shares of Republic Services from $220.00 to $244.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Scotiabank began coverage on shares of Republic Services in a report on Friday, October 4th. They set a “sector perform” rating and a $224.00 price target for the company. Finally, Royal Bank of Canada increased their price objective on Republic Services from $211.00 to $219.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 30th. Nine equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $215.71.

Republic Services Stock Performance

Shares of RSG stock opened at $210.91 on Wednesday. Republic Services, Inc. has a 52 week low of $157.91 and a 52 week high of $216.18. The firm has a 50 day moving average of $204.01 and a two-hundred day moving average of $198.44. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.07. The stock has a market capitalization of $66.05 billion, a PE ratio of 33.75, a P/E/G ratio of 3.18 and a beta of 0.70.

Republic Services (NYSE:RSG) last issued its quarterly earnings results on Tuesday, October 29th. The business services provider reported $1.81 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.20. The company had revenue of $4.08 billion for the quarter, compared to the consensus estimate of $4.12 billion. Republic Services had a return on equity of 18.18% and a net margin of 12.46%. Republic Services’s revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.54 EPS. On average, research analysts predict that Republic Services, Inc. will post 6.24 EPS for the current fiscal year.

Republic Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd will be given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date of this dividend is Thursday, January 2nd. Republic Services’s dividend payout ratio is presently 37.12%.

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.