Bensler LLC Sells 210 Shares of Republic Services, Inc. (NYSE:RSG)

Bensler LLC cut its holdings in Republic Services, Inc. (NYSE:RSG) by 1.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,350 shares of the business services provider’s stock after selling 210 shares during the quarter. Bensler LLC’s holdings in Republic Services were worth $4,288,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the business. Duality Advisers LP bought a new stake in Republic Services during the 1st quarter valued at approximately $332,000. Empirical Finance LLC boosted its position in Republic Services by 3.4% during the 1st quarter. Empirical Finance LLC now owns 7,468 shares of the business services provider’s stock valued at $1,430,000 after acquiring an additional 249 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its position in Republic Services by 11.1% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 57,461 shares of the business services provider’s stock valued at $11,000,000 after acquiring an additional 5,744 shares in the last quarter. Empowered Funds LLC boosted its position in Republic Services by 7.0% during the 1st quarter. Empowered Funds LLC now owns 13,434 shares of the business services provider’s stock valued at $2,565,000 after acquiring an additional 883 shares in the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its position in Republic Services by 7.1% during the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 2,017 shares of the business services provider’s stock valued at $386,000 after acquiring an additional 134 shares in the last quarter. 57.73% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Raymond James dropped their price target on Republic Services from $219.00 to $214.00 and set an “outperform” rating on the stock in a research report on Thursday, July 25th. William Blair assumed coverage on Republic Services in a research report on Thursday, October 3rd. They issued an “outperform” rating on the stock. Morgan Stanley boosted their price target on Republic Services from $208.00 to $217.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Oppenheimer boosted their price target on Republic Services from $219.00 to $220.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Finally, 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 report on Monday, August 5th. Nine analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, Republic Services presently has an average rating of “Moderate Buy” and an average price target of $215.71.

Republic Services Price Performance

Shares of RSG opened at $208.08 on Friday. The firm has a market cap of $65.16 billion, a PE ratio of 33.29, a P/E/G ratio of 3.07 and a beta of 0.70. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.07. The firm has a fifty day simple moving average of $203.21 and a two-hundred day simple moving average of $197.10. Republic Services, Inc. has a 1-year low of $154.49 and a 1-year high of $209.09.

Republic Services (NYSE:RSG) last announced its earnings results on Tuesday, October 29th. The business services provider reported $1.81 earnings per share for the quarter, beating analysts’ consensus estimates of $1.61 by $0.20. The business had revenue of $4.08 billion during the quarter, compared to analyst estimates of $4.12 billion. Republic Services had a net margin of 12.46% and a return on equity of 18.18%. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.54 EPS. On average, equities analysts anticipate that Republic Services, Inc. will post 6.24 EPS for the current year.

Republic Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd will be paid a $0.58 dividend. The ex-dividend date is Thursday, January 2nd. This represents a $2.32 annualized dividend and a dividend yield of 1.11%. Republic Services’s dividend payout ratio (DPR) is 37.12%.

Insider Transactions at Republic Services

In related news, Director Tomago Collins sold 3,200 shares of the company’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $203.01, for a total value of $649,632.00. Following the completion of the transaction, the director now owns 17,486 shares of the company’s stock, valued at approximately $3,549,832.86. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.09% of the stock is currently owned by company insiders.

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.