Atria Investments Inc Increases Stock Position in Republic Services, Inc. (NYSE:RSG)

Atria Investments Inc increased its stake in shares of Republic Services, Inc. (NYSE:RSG) by 7.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,179 shares of the business services provider’s stock after purchasing an additional 881 shares during the period. Atria Investments Inc’s holdings in Republic Services were worth $2,446,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of RSG. Lord Abbett & CO. LLC purchased a new stake in Republic Services during the 1st quarter worth about $24,121,000. Motco purchased a new position in shares of Republic Services during the first quarter valued at approximately $324,000. M&G Plc acquired a new stake in Republic Services during the first quarter worth approximately $130,892,000. Pinnacle Wealth Planning Services Inc. acquired a new position in Republic Services in the 1st quarter valued at $225,000. Finally, Intech Investment Management LLC lifted its stake in shares of Republic Services by 25.2% during the 1st quarter. Intech Investment Management LLC now owns 74,088 shares of the business services provider’s stock worth $14,183,000 after purchasing an additional 14,921 shares during the period. Institutional investors and hedge funds own 57.73% of the company’s stock.

Republic Services Trading Down 2.4 %

RSG opened at $209.46 on Friday. The firm’s 50 day moving average is $203.66 and its 200-day moving average is $197.79. Republic Services, Inc. has a 52-week low of $156.83 and a 52-week high of $216.18. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.07. The firm has a market capitalization of $65.59 billion, a P/E ratio of 34.35, a P/E/G ratio of 3.25 and a beta of 0.70.

Republic Services (NYSE:RSG) last issued its quarterly earnings data on Tuesday, October 29th. The business services provider reported $1.81 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 analyst estimates of $4.12 billion. Republic Services had a net margin of 12.46% and a return on equity of 18.18%. The firm’s revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.54 EPS. Analysts expect that Republic Services, Inc. will post 6.24 EPS for the current fiscal year.

Republic Services Announces Dividend

The firm 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. The ex-dividend date is Thursday, January 2nd. This represents a $2.32 annualized dividend and a yield of 1.11%. Republic Services’s dividend payout ratio is presently 37.12%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on RSG shares. TD Cowen upped their target price on Republic Services from $195.00 to $200.00 and gave the company a “hold” rating in a research note on Monday, August 5th. William Blair began coverage on shares of Republic Services in a research note on Thursday, October 3rd. They set an “outperform” rating for the company. Royal Bank of Canada raised their target price on shares of Republic Services from $211.00 to $219.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 30th. Morgan Stanley upped their price target on shares of Republic Services from $208.00 to $217.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Finally, Scotiabank started coverage on shares of Republic Services in a report on Friday, October 4th. They issued a “sector perform” rating and a $224.00 price target on the stock. Nine analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, Republic Services currently has an average rating of “Moderate Buy” and an average price target of $215.71.

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.