Great Valley Advisor Group Inc. Raises Stock Holdings in Republic Services, Inc. (NYSE:RSG)

Great Valley Advisor Group Inc. boosted its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 25.1% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,058 shares of the business services provider’s stock after purchasing an additional 413 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in Republic Services were worth $413,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Wolff Wiese Magana LLC raised its holdings in Republic Services by 351.6% in the third quarter. Wolff Wiese Magana LLC now owns 140 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 109 shares in the last quarter. EntryPoint Capital LLC acquired a new stake in shares of Republic Services in the 1st quarter valued at about $29,000. Webster Bank N. A. bought a new position in shares of Republic Services during the third quarter worth about $31,000. Itau Unibanco Holding S.A. acquired a new position in Republic Services in the second quarter worth about $36,000. Finally, Ashton Thomas Securities LLC acquired a new stake in Republic Services during the third quarter valued at approximately $39,000. 57.73% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

RSG has been the subject of several research reports. William Blair assumed coverage on Republic Services in a research report on Thursday, October 3rd. They issued an “outperform” rating for the company. StockNews.com lowered shares of Republic Services from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 1st. Royal Bank of Canada raised their price target on shares of Republic Services from $211.00 to $219.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 30th. TD Cowen increased their price objective on shares of Republic Services from $195.00 to $200.00 and gave the stock a “hold” rating in a research note on Monday, August 5th. Finally, Oppenheimer lifted their target price on Republic Services from $219.00 to $220.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Nine equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $215.71.

Insider Activity

In related news, CFO Brian M. Delghiaccio sold 5,071 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The shares were 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. The trade was a 44.53 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.09% of the stock is owned by insiders.

Republic Services Price Performance

Shares of RSG opened at $218.80 on Wednesday. The firm has a market capitalization of $68.52 billion, a price-to-earnings ratio of 35.01, a price-to-earnings-growth ratio of 3.31 and a beta of 0.70. The stock’s fifty day moving average is $205.15 and its 200-day moving average is $199.43. Republic Services, Inc. has a one year low of $159.10 and a one year high of $219.94. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.64 and a current ratio of 0.64.

Republic Services (NYSE:RSG) last released its quarterly earnings results on Tuesday, October 29th. The business services provider reported $1.81 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 12.46% and a return on equity of 18.18%. Republic Services’s revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.54 EPS. Equities analysts anticipate that Republic Services, Inc. will post 6.24 EPS for the current year.

Republic Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, January 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 1.06%. The ex-dividend date of this dividend is Thursday, January 2nd. Republic Services’s payout ratio is currently 37.12%.

Republic Services 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.