AAFMAA Wealth Management & Trust LLC Purchases 430 Shares of Republic Services, Inc. (NYSE:RSG)

AAFMAA Wealth Management & Trust LLC raised its position in shares of Republic Services, Inc. (NYSE:RSG) by 4.8% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,385 shares of the business services provider’s stock after purchasing an additional 430 shares during the period. AAFMAA Wealth Management & Trust LLC’s holdings in Republic Services were worth $1,824,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in RSG. YHB Investment Advisors Inc. purchased a new position in Republic Services during the 1st quarter valued at about $29,000. EntryPoint Capital LLC purchased a new position in Republic Services during the first quarter valued at approximately $29,000. Bogart Wealth LLC purchased a new stake in Republic Services during the fourth quarter worth $30,000. Jones Financial Companies Lllp boosted its position in Republic Services by 3,014.3% during 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. Finally, Indiana Trust & Investment Management CO purchased a new position in shares of Republic Services in the 2nd quarter valued at $45,000. Institutional investors own 57.73% of the company’s stock.

Republic Services Stock Performance

NYSE:RSG traded up $1.69 during midday trading on Monday, hitting $204.96. The company’s stock had a trading volume of 574,390 shares, compared to its average volume of 1,211,336. 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, Inc. has a fifty-two week low of $140.23 and a fifty-two week high of $206.54. The firm’s 50 day moving average is $196.14 and its 200-day moving average is $189.34. The firm has a market cap of $64.55 billion, a P/E ratio of 35.96, a P/E/G ratio of 3.25 and a beta of 0.69.

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

Republic Services Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Wednesday, October 2nd will be paid a $0.58 dividend. This is an increase from Republic Services’s previous quarterly dividend of $0.54. The ex-dividend date is Wednesday, October 2nd. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.13%. Republic Services’s dividend payout ratio is presently 40.70%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. CIBC upped their price objective on Republic Services from $196.00 to $208.00 and gave the stock a “neutral” rating in a research note on Thursday, July 25th. StockNews.com cut shares of Republic Services from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 1st. TD Cowen boosted 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. Royal Bank of Canada raised their target price on shares of Republic Services from $201.00 to $211.00 and gave the company a “sector perform” rating in a research note on Thursday, July 25th. Finally, Stifel Nicolaus upped their price target on Republic Services from $215.00 to $230.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Ten research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $211.00.

Insider Buying and Selling

In other Republic Services 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 value of $649,632.00. Following the sale, the director now owns 17,486 shares in the company, valued at approximately $3,549,832.86. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, Director Tomago Collins sold 3,200 shares of the stock in a transaction dated Friday, August 16th. The shares were 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 filing with the SEC, which is available at this hyperlink. Also, Director Katharine Weymouth purchased 540 shares of the business’s stock in a transaction that occurred on 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 purchase, the director now owns 540 shares in the company, valued at $100,040.40. The disclosure for this purchase can be found here. 0.09% of the stock is owned by corporate insiders.

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.