Hantz Financial Services Inc. Purchases New Position in Republic Services, Inc. (NYSE:RSG)

Hantz Financial Services Inc. purchased a new stake in Republic Services, Inc. (NYSE:RSG) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 5,047 shares of the business services provider’s stock, valued at approximately $981,000.

Other institutional investors have also recently made changes to their positions in the company. Capital World Investors lifted its stake in Republic Services by 416.9% in the fourth quarter. Capital World Investors now owns 6,562,420 shares of the business services provider’s stock worth $1,082,209,000 after purchasing an additional 5,292,862 shares during the last quarter. Norges Bank bought a new stake in shares of Republic Services during the fourth quarter valued at approximately $358,837,000. TD Asset Management Inc raised its stake in shares of Republic Services by 424.7% during the first quarter. TD Asset Management Inc now owns 1,722,107 shares of the business services provider’s stock valued at $329,680,000 after acquiring an additional 1,393,918 shares in the last quarter. M&G Plc bought a new stake in shares of Republic Services during the first quarter valued at approximately $130,892,000. Finally, Corient Private Wealth LLC raised its stake in shares of Republic Services by 136.5% during the fourth quarter. Corient Private Wealth LLC now owns 361,900 shares of the business services provider’s stock valued at $59,681,000 after acquiring an additional 208,902 shares in the last quarter. Institutional investors own 57.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. CIBC lifted their price objective on shares of Republic Services from $196.00 to $208.00 and gave the company a “neutral” rating in a report on Thursday, July 25th. Truist Financial raised shares of Republic Services from a “hold” rating to a “buy” rating and lifted their price objective for the company from $192.00 to $220.00 in a report on Thursday, July 11th. Raymond James cut their price objective on shares of Republic Services from $219.00 to $214.00 and set an “outperform” rating on the stock in a report on Thursday, July 25th. StockNews.com lowered shares of Republic Services from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 1st. Finally, Robert W. Baird lifted their price objective on shares of Republic Services from $208.00 to $210.00 and gave the company a “neutral” rating in a report on Thursday, July 25th. Ten analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $211.00.

Republic Services Trading Up 1.1 %

NYSE RSG opened at $208.21 on Friday. The company has a market capitalization of $65.39 billion, a PE ratio of 36.53, a P/E/G ratio of 3.34 and a beta of 0.69. The company has a fifty day moving average of $199.49 and a 200 day moving average of $191.40. Republic Services, Inc. has a 1 year low of $140.23 and a 1 year high of $208.69. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.59 and a quick ratio of 0.59.

Republic Services (NYSE:RSG) last posted its earnings results on Wednesday, July 24th. The business services provider reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.53 by $0.08. The company had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $4.03 billion. Republic Services had a net margin of 12.11% and a return on equity of 17.81%. Research analysts forecast that Republic Services, Inc. will post 6.18 earnings per share for the current year.

Republic Services Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Wednesday, October 2nd will be given a dividend of $0.58 per share. The ex-dividend date is Wednesday, October 2nd. This is an increase from Republic Services’s previous quarterly dividend of $0.54. This represents a $2.32 dividend on an annualized basis and a yield of 1.11%. Republic Services’s payout ratio is currently 37.54%.

Insiders Place Their Bets

In other Republic Services news, Director Tomago Collins sold 3,200 shares of the company’s stock in a transaction dated Friday, August 16th. The shares were 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 owns 17,486 shares in the company, valued at $3,549,832.86. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, Director Katharine Weymouth bought 540 shares of the business’s stock in a transaction dated Tuesday, June 4th. The stock was acquired at an average price of $185.26 per share, with a total value of $100,040.40. Following the completion of the purchase, the director now directly owns 540 shares of the company’s stock, valued at $100,040.40. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Tomago Collins sold 3,200 shares of the business’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $203.01, for a total transaction of $649,632.00. Following the sale, the director now directly owns 17,486 shares of the company’s stock, valued at approximately $3,549,832.86. The disclosure for this sale can be found here. Insiders own 0.09% of the company’s stock.

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.