Cyndeo Wealth Partners LLC trimmed its position in Republic Services, Inc. (NYSE:RSG - Free Report) by 32.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,858 shares of the business services provider's stock after selling 7,173 shares during the quarter. Cyndeo Wealth Partners LLC's holdings in Republic Services were worth $2,984,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Wolff Wiese Magana LLC increased its position in shares of 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. EntryPoint Capital LLC acquired a new stake in shares of Republic Services during the first quarter valued at about $29,000. Webster Bank N. A. purchased a new stake in shares of Republic Services in the 3rd quarter valued at approximately $31,000. Itau Unibanco Holding S.A. purchased a new position in shares of Republic Services during the 2nd quarter worth approximately $36,000. Finally, Indiana Trust & Investment Management CO purchased a new position in shares of Republic Services during the second quarter worth $45,000. Hedge funds and other institutional investors own 57.73% of the company's stock.
In other news, Director Tomago Collins sold 3,200 shares of the 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 completion of the sale, the director now directly owns 17,486 shares of the company's stock, valued at approximately $3,549,832.86. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.09% of the stock is currently owned by company insiders.
RSG has been the topic of several research reports. CIBC increased their target price on Republic Services from $196.00 to $208.00 and gave the stock a "neutral" rating in a research note on Thursday, July 25th. Stifel Nicolaus raised their price objective on shares of Republic Services from $215.00 to $230.00 and gave the company a "buy" rating in a research note on Thursday, July 25th. Robert W. Baird upped their target price on shares of Republic Services from $208.00 to $210.00 and gave the stock a "neutral" rating in a research note on Thursday, July 25th. Oppenheimer decreased their price target on shares of Republic Services from $211.00 to $210.00 and set an "outperform" rating for the company in a research report on Thursday, July 25th. Finally, TD Cowen upped 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. Nine investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, Republic Services has a consensus rating of "Moderate Buy" and a consensus target price of $211.65.
Check Out Our Latest Stock Analysis on Republic Services
Shares of Republic Services stock opened at $204.80 on Monday. The firm has a market capitalization of $64.50 billion, a P/E ratio of 35.93, a P/E/G ratio of 3.30 and a beta of 0.69. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.05. Republic Services, Inc. has a 52 week low of $142.65 and a 52 week high of $208.69. The firm's 50 day moving average is $203.92 and its two-hundred day moving average is $195.94.
Republic Services (NYSE:RSG - Get Free Report) last announced its quarterly earnings results on Wednesday, July 24th. The business services provider reported $1.61 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 for the quarter, compared to analyst estimates of $4.03 billion. Research analysts forecast that Republic Services, Inc. will post 6.18 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Wednesday, October 2nd were given a $0.58 dividend. The ex-dividend date was Wednesday, October 2nd. This is a boost from Republic Services's previous quarterly dividend of $0.54. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.13%. Republic Services's dividend payout ratio is 40.70%.
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.
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