Y Intercept Hong Kong Ltd Buys 8,454 Shares of Republic Services, Inc. (NYSE:RSG)

Y Intercept Hong Kong Ltd boosted its stake in shares of Republic Services, Inc. (NYSE:RSG) by 79.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 19,070 shares of the business services provider’s stock after buying an additional 8,454 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Republic Services were worth $3,830,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Simmons Bank raised its stake in shares of Republic Services by 2.8% in the third quarter. Simmons Bank now owns 1,895 shares of the business services provider’s stock valued at $381,000 after acquiring an additional 51 shares during the period. Hantz Financial Services Inc. lifted its stake in Republic Services by 1.0% in the third quarter. Hantz Financial Services Inc. now owns 5,099 shares of the business services provider’s stock worth $1,024,000 after purchasing an additional 52 shares during the last quarter. Commerzbank Aktiengesellschaft FI boosted its position in shares of Republic Services by 2.9% during the second quarter. Commerzbank Aktiengesellschaft FI now owns 1,860 shares of the business services provider’s stock valued at $362,000 after buying an additional 53 shares during the period. Venturi Wealth Management LLC grew its stake in shares of Republic Services by 16.5% during the third quarter. Venturi Wealth Management LLC now owns 382 shares of the business services provider’s stock valued at $77,000 after buying an additional 54 shares during the last quarter. Finally, Fidelis Capital Partners LLC raised its holdings in shares of Republic Services by 3.8% in the third quarter. Fidelis Capital Partners LLC now owns 1,520 shares of the business services provider’s stock worth $310,000 after buying an additional 55 shares during the period. 57.73% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

RSG has been the topic of several research analyst reports. William Blair assumed coverage on Republic Services in a research report on Thursday, October 3rd. They issued an “outperform” rating on the stock. 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 research note on Wednesday, October 30th. Morgan Stanley boosted 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 report on Wednesday, October 30th. Oppenheimer lifted their price target on shares of Republic Services from $219.00 to $220.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Finally, CIBC increased their price objective on Republic Services from $217.00 to $227.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 4th. Eight analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $217.88.

Insider Buying and Selling

In related news, CFO Brian M. Delghiaccio sold 5,071 shares of the 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 completion of the transaction, the chief financial officer now directly owns 6,318 shares of the company’s stock, valued at $1,326,906.36. This trade represents a 44.53 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.09% of the stock is owned by company insiders.

Republic Services Price Performance

Shares of RSG stock opened at $216.68 on Monday. The company has a market cap of $67.85 billion, a P/E ratio of 34.67, a PEG ratio of 3.31 and a beta of 0.71. 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 stock’s 50-day moving average is $207.56 and its 200 day moving average is $201.08. Republic Services, Inc. has a 1-year low of $160.41 and a 1-year high of $220.58.

Republic Services (NYSE:RSG) last issued 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. Republic Services had a net margin of 12.46% and a return on equity of 18.18%. The firm had revenue of $4.08 billion for the quarter, compared to the consensus estimate of $4.12 billion. During the same quarter in the previous year, the firm earned $1.54 EPS. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. Research analysts predict that Republic Services, Inc. will post 6.24 earnings per share for the current fiscal year.

Republic Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd will be issued a dividend of $0.58 per share. The ex-dividend date is Thursday, January 2nd. This represents a $2.32 annualized dividend and a dividend yield of 1.07%. Republic Services’s dividend payout ratio is presently 37.12%.

Republic Services Company 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.