Republic Services, Inc. (NYSE:RSG) Shares Sold by Quilter Plc

Quilter Plc reduced its position in Republic Services, Inc. (NYSE:RSG) by 0.2% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 39,306 shares of the business services provider’s stock after selling 69 shares during the quarter. Quilter Plc’s holdings in Republic Services were worth $7,639,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in Republic Services by 0.6% in the first quarter. Vanguard Group Inc. now owns 18,254,878 shares of the business services provider’s stock valued at $3,494,714,000 after purchasing an additional 101,518 shares during the period. Capital World Investors lifted its holdings in shares of Republic Services by 20.5% in the 1st quarter. Capital World Investors now owns 7,909,008 shares of the business services provider’s stock valued at $1,514,100,000 after buying an additional 1,346,588 shares during the period. Norges Bank purchased a new stake in shares of Republic Services in the fourth quarter valued at approximately $358,837,000. TD Asset Management Inc grew its holdings in Republic Services by 2.1% during the second quarter. TD Asset Management Inc now owns 1,757,757 shares of the business services provider’s stock worth $341,602,000 after acquiring an additional 35,650 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in Republic Services by 0.3% in the second quarter. Bank of New York Mellon Corp now owns 1,476,116 shares of the business services provider’s stock valued at $286,868,000 after acquiring an additional 3,809 shares during the period. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on RSG shares. BMO Capital Markets increased their price target on shares of Republic Services from $209.00 to $211.00 and gave the company a “market perform” rating in a report on Thursday, July 25th. Deutsche Bank Aktiengesellschaft began coverage on shares of Republic Services in a report on Thursday, May 23rd. They issued a “hold” rating and a $203.00 target price for the company. Stifel Nicolaus upped their price target on Republic Services from $215.00 to $230.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Robert W. Baird lifted their price objective on Republic Services from $208.00 to $210.00 and gave the stock a “neutral” rating in a report on Thursday, July 25th. Finally, CIBC upped their target price on Republic Services from $196.00 to $208.00 and gave the company a “neutral” rating in a report on Thursday, July 25th. Ten equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Republic Services currently has an average rating of “Hold” and an average price target of $211.00.

Insiders Place Their Bets

In other news, Director Tomago Collins sold 3,200 shares of the company’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $203.01, for a total transaction 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.09% of the stock is currently owned by insiders.

Republic Services Trading Up 0.3 %

Shares of RSG opened at $205.79 on Monday. Republic Services, Inc. has a fifty-two week low of $140.23 and a fifty-two week high of $208.69. The stock has a fifty day moving average of $201.84 and a two-hundred day moving average of $193.23. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.59 and a current ratio of 0.59. The company has a market capitalization of $64.63 billion, a PE ratio of 36.10, a price-to-earnings-growth ratio of 3.29 and a beta of 0.70.

Republic Services (NYSE:RSG) last released its earnings results on Wednesday, July 24th. The business services provider reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.08. The firm had revenue of $4.05 billion for the quarter, compared to the consensus estimate of $4.03 billion. Republic Services had a return on equity of 17.81% and a net margin of 12.11%. As a group, analysts forecast that Republic Services, Inc. will post 6.18 EPS for the current year.

Republic Services Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Wednesday, October 2nd will be issued a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 1.13%. This is an increase from Republic Services’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend is Wednesday, October 2nd. Republic Services’s payout ratio is presently 37.54%.

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.