Pathway Financial Advisers LLC Reduces Holdings in Republic Services, Inc. (NYSE:RSG)

Pathway Financial Advisers LLC trimmed its stake in Republic Services, Inc. (NYSE:RSG) by 3.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,864 shares of the business services provider’s stock after selling 105 shares during the period. Pathway Financial Advisers LLC’s holdings in Republic Services were worth $575,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. RFG Advisory LLC lifted its stake in shares of Republic Services by 0.5% in the second quarter. RFG Advisory LLC now owns 10,603 shares of the business services provider’s stock valued at $2,061,000 after purchasing an additional 53 shares during the period. Commerzbank Aktiengesellschaft FI lifted its stake in shares of Republic Services by 2.9% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 1,860 shares of the business services provider’s stock valued at $362,000 after purchasing an additional 53 shares during the period. Capital Advisors Ltd. LLC lifted its stake in shares of Republic Services by 2.9% in the first quarter. Capital Advisors Ltd. LLC now owns 1,903 shares of the business services provider’s stock valued at $364,000 after purchasing an additional 54 shares during the period. Hexagon Capital Partners LLC lifted its stake in shares of Republic Services by 4.0% in the second quarter. Hexagon Capital Partners LLC now owns 1,433 shares of the business services provider’s stock valued at $278,000 after purchasing an additional 55 shares during the period. Finally, Assenagon Asset Management S.A. lifted its stake in shares of Republic Services by 1.2% in the second quarter. Assenagon Asset Management S.A. now owns 4,917 shares of the business services provider’s stock valued at $956,000 after purchasing an additional 57 shares during the period. 57.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently commented on the stock. Truist Financial upgraded shares of Republic Services from a “hold” rating to a “buy” rating and raised their price objective for the company from $192.00 to $220.00 in a research note on Thursday, July 11th. Scotiabank started coverage on shares of Republic Services in a report on Friday, October 4th. They set a “sector perform” rating and a $224.00 target price for the company. StockNews.com downgraded shares of Republic Services from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 1st. Oppenheimer raised their target price on shares of Republic Services from $210.00 to $219.00 and gave the company an “outperform” rating in a report on Monday, October 21st. Finally, TD Cowen raised their target price on shares of Republic Services from $195.00 to $200.00 and gave the company a “hold” rating in a report on Monday, August 5th. Nine equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $212.18.

Republic Services Stock Performance

Shares of NYSE RSG opened at $199.83 on Friday. The company has a market cap of $62.93 billion, a PE ratio of 35.06, a price-to-earnings-growth ratio of 3.27 and a beta of 0.69. Republic Services, Inc. has a 12 month low of $145.32 and a 12 month high of $208.69. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.59 and a quick ratio of 0.59. The company has a 50-day simple moving average of $204.02 and a 200-day simple moving average of $196.40.

Republic Services (NYSE:RSG) last released its earnings results on Wednesday, July 24th. The business services provider reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $4.03 billion. On average, equities analysts anticipate that Republic Services, Inc. will post 6.18 earnings per share for the current year.

Republic Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be issued a $0.58 dividend. The ex-dividend date is Thursday, January 2nd. This represents a $2.32 dividend on an annualized basis and a yield of 1.16%. Republic Services’s payout ratio is 40.70%.

Insider Activity at Republic Services

In related news, Director Tomago Collins sold 3,200 shares of the business’s stock in a transaction that occurred 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 sale, the director now directly owns 17,486 shares in the company, valued at approximately $3,549,832.86. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.09% of the stock is owned by 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.