Childress Capital Advisors LLC Raises Stock Holdings in Republic Services, Inc. (NYSE:RSG)

Childress Capital Advisors LLC boosted its stake in Republic Services, Inc. (NYSE:RSG) by 10.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,150 shares of the business services provider’s stock after buying an additional 108 shares during the period. Childress Capital Advisors LLC’s holdings in Republic Services were worth $231,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. State of Alaska Department of Revenue grew its position in Republic Services by 0.5% in the 1st quarter. State of Alaska Department of Revenue now owns 22,190 shares of the business services provider’s stock valued at $4,248,000 after acquiring an additional 100 shares in the last quarter. First Trust Direct Indexing L.P. grew its position in Republic Services by 8.9% in the 1st quarter. First Trust Direct Indexing L.P. now owns 8,202 shares of the business services provider’s stock valued at $1,570,000 after acquiring an additional 668 shares in the last quarter. Maryland State Retirement & Pension System grew its position in Republic Services by 2.8% in the 1st quarter. Maryland State Retirement & Pension System now owns 16,210 shares of the business services provider’s stock valued at $3,043,000 after acquiring an additional 439 shares in the last quarter. Norden Group LLC grew its position in Republic Services by 13.3% in the 1st quarter. Norden Group LLC now owns 3,829 shares of the business services provider’s stock valued at $733,000 after acquiring an additional 449 shares in the last quarter. Finally, J.W. Cole Advisors Inc. grew its position in Republic Services by 12.1% in the 1st quarter. J.W. Cole Advisors Inc. now owns 2,056 shares of the business services provider’s stock valued at $394,000 after acquiring an additional 222 shares in the last quarter. 57.73% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Republic Services

In other news, Director Tomago Collins sold 3,200 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the director now owns 17,486 shares in the company, valued at $3,549,832.86. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.09% of the company’s stock.

Republic Services Price Performance

Shares of NYSE RSG opened at $198.76 on Thursday. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.05. Republic Services, Inc. has a twelve month low of $146.82 and a twelve month high of $208.69. The stock has a 50 day moving average of $203.77 and a two-hundred day moving average of $196.65. The stock has a market cap of $62.42 billion, a P/E ratio of 31.80, a P/E/G ratio of 3.21 and a beta of 0.69.

Republic Services (NYSE:RSG) last issued its quarterly earnings data on Tuesday, October 29th. The business services provider reported $1.81 earnings per share for the quarter, beating analysts’ consensus estimates of $1.62 by $0.19. Republic Services had a return on equity of 17.81% and a net margin of 12.11%. The company had revenue of $4.08 billion during the quarter, compared to analysts’ expectations of $4.12 billion. During the same quarter in the previous year, the business earned $1.54 earnings per share. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. On average, research analysts forecast that Republic Services, Inc. will post 6.18 earnings per share for the current year.

Republic Services Dividend Announcement

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 paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date is Thursday, January 2nd. Republic Services’s dividend payout ratio is currently 37.12%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Morgan Stanley lifted their target price on Republic Services from $208.00 to $217.00 and gave the company an “equal weight” rating in a research report on Wednesday. William Blair started coverage on Republic Services in a research report on Thursday, October 3rd. They set an “outperform” rating for the company. TD Cowen boosted their price objective on Republic Services from $195.00 to $200.00 and gave the stock a “hold” rating in a research report on Monday, August 5th. CIBC boosted their price objective on Republic Services from $208.00 to $217.00 and gave the stock a “neutral” rating in a research report on Wednesday. Finally, StockNews.com downgraded Republic Services from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 1st. Nine analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $215.71.

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.