Nisa Investment Advisors LLC Purchases 4,521 Shares of Republic Services, Inc. $RSG

Nisa Investment Advisors LLC lifted its position in shares of Republic Services, Inc. (NYSE:RSG) by 9.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 50,528 shares of the business services provider’s stock after purchasing an additional 4,521 shares during the period. Nisa Investment Advisors LLC’s holdings in Republic Services were worth $11,595,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in Republic Services by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 19,057,995 shares of the business services provider’s stock worth $4,699,892,000 after acquiring an additional 296,719 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Republic Services by 3.1% during the second quarter. Geode Capital Management LLC now owns 4,821,387 shares of the business services provider’s stock worth $1,187,328,000 after purchasing an additional 144,003 shares during the period. Norges Bank bought a new stake in shares of Republic Services in the second quarter worth $690,313,000. Franklin Resources Inc. increased its holdings in Republic Services by 10.1% in the second quarter. Franklin Resources Inc. now owns 2,379,682 shares of the business services provider’s stock valued at $586,854,000 after purchasing an additional 218,114 shares during the period. Finally, Invesco Ltd. raised its position in Republic Services by 21.3% during the 2nd quarter. Invesco Ltd. now owns 2,325,302 shares of the business services provider’s stock worth $573,443,000 after purchasing an additional 408,885 shares during the last quarter. Institutional investors own 57.73% of the company’s stock.

Republic Services Price Performance

Republic Services stock opened at $212.17 on Friday. The stock has a market capitalization of $65.68 billion, a price-to-earnings ratio of 31.57, a PEG ratio of 3.47 and a beta of 0.55. Republic Services, Inc. has a 52-week low of $201.42 and a 52-week high of $258.75. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.58 and a current ratio of 0.58. The stock’s 50 day moving average price is $212.14 and its two-hundred day moving average price is $224.84.

Republic Services (NYSE:RSG) last released its earnings results on Friday, October 31st. The business services provider reported $1.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.78 by $0.12. The company had revenue of $4.21 billion for the quarter, compared to the consensus estimate of $4.25 billion. Republic Services had a net margin of 12.77% and a return on equity of 18.24%. Republic Services’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.81 EPS. On average, equities analysts predict that Republic Services, Inc. will post 6.86 earnings per share for the current year.

Republic Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Friday, January 2nd will be given a dividend of $0.625 per share. This represents a $2.50 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, January 2nd. Republic Services’s dividend payout ratio is 37.20%.

Insider Activity at Republic Services

In other news, Director Katharine Weymouth bought 478 shares of Republic Services stock in a transaction dated Tuesday, December 9th. The stock was bought at an average cost of $209.46 per share, for a total transaction of $100,121.88. Following the purchase, the director directly owned 5,740 shares in the company, valued at approximately $1,202,300.40. This represents a 9.08% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.11% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on RSG shares. Raymond James Financial reissued an “outperform” rating and issued a $240.00 price target on shares of Republic Services in a research note on Friday, October 31st. Bank of America reduced their target price on Republic Services from $271.00 to $241.00 and set a “buy” rating on the stock in a report on Monday, December 22nd. Robert W. Baird set a $240.00 price target on shares of Republic Services in a report on Friday, October 31st. Weiss Ratings restated a “buy (b-)” rating on shares of Republic Services in a research report on Monday, December 29th. Finally, UBS Group set a $220.00 price objective on shares of Republic Services in a research report on Monday, January 5th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $250.41.

Republic Services Profile

Republic Services, Inc is a leading provider of non-hazardous solid waste and recycling services in the United States. The company offers a broad range of waste management solutions to residential, commercial, industrial and municipal customers, positioning itself as a full-service partner for everyday waste collection as well as specialized disposal needs.

Republic’s core operations include curbside and commercial collection, transfer and hauling, materials recovery and recycling facilities, and landfill disposal.