Healthcare of Ontario Pension Plan Trust Fund Has $29.22 Million Stock Holdings in Republic Services, Inc. (NYSE:RSG)

Healthcare of Ontario Pension Plan Trust Fund grew its position in shares of Republic Services, Inc. (NYSE:RSG) by 6.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 145,500 shares of the business services provider’s stock after purchasing an additional 9,221 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Republic Services were worth $29,222,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in RSG. Wolff Wiese Magana LLC raised its holdings in Republic Services by 351.6% during the 3rd quarter. Wolff Wiese Magana LLC now owns 140 shares of the business services provider’s stock worth $28,000 after purchasing an additional 109 shares during the last quarter. Webster Bank N. A. bought a new position in Republic Services during the 3rd quarter worth approximately $31,000. Truvestments Capital LLC bought a new position in Republic Services during the 3rd quarter worth approximately $34,000. Itau Unibanco Holding S.A. bought a new position in Republic Services during the 2nd quarter worth approximately $36,000. Finally, Ashton Thomas Securities LLC bought a new position in Republic Services during the 3rd quarter worth approximately $39,000. Institutional investors own 57.73% of the company’s stock.

Republic Services Price Performance

RSG opened at $218.28 on Thursday. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.64 and a quick ratio of 0.64. The company has a market capitalization of $68.35 billion, a price-to-earnings ratio of 34.92, a P/E/G ratio of 3.33 and a beta of 0.70. The firm’s fifty day moving average price is $205.53 and its two-hundred day moving average price is $199.56. Republic Services, Inc. has a 1 year low of $159.10 and a 1 year high of $220.58.

Republic Services (NYSE:RSG) last posted its quarterly earnings data on Tuesday, October 29th. The business services provider reported $1.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.61 by $0.20. The firm 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%. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.54 EPS. As a group, analysts anticipate that Republic Services, Inc. will post 6.24 earnings per share for the current fiscal 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 issued 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 dividend payout ratio is 37.12%.

Analyst Ratings Changes

RSG has been the subject of several analyst reports. Truist Financial raised their price target on shares of Republic Services from $220.00 to $244.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Morgan Stanley lifted their price objective on shares of Republic Services from $208.00 to $217.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. TD Cowen lifted their price objective on shares of Republic Services from $195.00 to $200.00 and gave the company a “hold” rating in a research note on Monday, August 5th. Scotiabank started coverage on shares of Republic Services in a research note on Friday, October 4th. They issued a “sector perform” rating and a $224.00 price objective for the company. Finally, William Blair started coverage on shares of Republic Services in a research note on Thursday, October 3rd. They issued an “outperform” rating for the company. Nine analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $215.71.

Insider Buying and Selling

In related news, CFO Brian M. Delghiaccio sold 5,071 shares of the business’s stock in a transaction dated 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 transaction, the chief financial officer now directly owns 6,318 shares of the company’s stock, valued at approximately $1,326,906.36. The trade was a 44.53 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.09% of the stock is owned by insiders.

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.