Dana Investment Advisors Inc. Sells 214 Shares of Republic Services, Inc. (NYSE:RSG)

Dana Investment Advisors Inc. lessened its stake in Republic Services, Inc. (NYSE:RSG) by 1.7% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,459 shares of the business services provider’s stock after selling 214 shares during the quarter. Dana Investment Advisors Inc.’s holdings in Republic Services were worth $2,421,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in RSG. YHB Investment Advisors Inc. acquired a new stake in shares of Republic Services in the 1st quarter valued at about $29,000. EntryPoint Capital LLC acquired a new stake in Republic Services in the 1st quarter valued at approximately $29,000. Jones Financial Companies Lllp lifted its stake in Republic Services by 3,014.3% in the 4th quarter. Jones Financial Companies Lllp now owns 218 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 211 shares in the last quarter. Itau Unibanco Holding S.A. acquired a new position in Republic Services during the 2nd quarter worth approximately $36,000. Finally, Indiana Trust & Investment Management CO bought a new position in shares of Republic Services during the 2nd quarter worth approximately $45,000. Institutional investors own 57.73% of the company’s stock.

Republic Services Trading Down 0.3 %

Shares of NYSE:RSG opened at $200.09 on Thursday. Republic Services, Inc. has a 12-month low of $140.23 and a 12-month high of $208.69. The business has a 50 day moving average of $202.09 and a 200-day moving average of $194.72. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.05. The stock has a market cap of $62.84 billion, a PE ratio of 35.10, a P/E/G ratio of 3.20 and a beta of 0.70.

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

Republic Services Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Wednesday, October 2nd will be paid a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date of this dividend is Wednesday, October 2nd. This is a positive change from Republic Services’s previous quarterly dividend of $0.54. Republic Services’s dividend payout ratio (DPR) is 37.54%.

Insider Buying and Selling at Republic Services

In other news, Director Tomago Collins sold 3,200 shares of the stock in a transaction on 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 transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on RSG. Royal Bank of Canada increased their target price on shares of Republic Services from $201.00 to $211.00 and gave the stock a “sector perform” rating in a report on Thursday, July 25th. CIBC raised their price objective on 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 Republic Services from a “hold” rating to a “buy” rating and increased their price target for the company from $192.00 to $220.00 in a research report on Thursday, July 11th. BMO Capital Markets boosted their price target on Republic Services from $209.00 to $211.00 and gave the stock a “market perform” rating in a research report on Thursday, July 25th. Finally, StockNews.com downgraded Republic Services from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 1st. Ten research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $211.00.

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.