Cambridge Investment Research Advisors Inc. raised its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 18.5% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 7,811 shares of the business services provider’s stock after acquiring an additional 1,220 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Republic Services were worth $628,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of RSG. FTB Advisors Inc. acquired a new stake in Republic Services during the 4th quarter valued at approximately $25,000. CWM LLC increased its position in Republic Services by 109.9% in the 1st quarter. CWM LLC now owns 468 shares of the business services provider’s stock valued at $38,000 after acquiring an additional 245 shares during the period. Dubuque Bank & Trust Co. increased its position in Republic Services by 74.5% in the 1st quarter. Dubuque Bank & Trust Co. now owns 480 shares of the business services provider’s stock valued at $38,000 after acquiring an additional 205 shares during the period. Duncker Streett & Co. Inc. acquired a new stake in Republic Services in the 1st quarter valued at approximately $40,000. Finally, Claybrook Capital LLC acquired a new stake in Republic Services in the 4th quarter valued at approximately $46,000. Institutional investors own 58.95% of the company’s stock.
In related news, President Ark Jon Vander sold 19,278 shares of the business’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $82.33, for a total transaction of $1,587,157.74. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Ramon A. Rodriguez sold 5,480 shares of the business’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $79.75, for a total value of $437,030.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 151,575 shares of company stock worth $12,472,125. 0.30% of the stock is owned by insiders.
Shares of RSG stock opened at $86.16 on Wednesday. Republic Services, Inc. has a 1 year low of $67.48 and a 1 year high of $87.49. The firm has a market cap of $27.91 billion, a PE ratio of 27.88, a PEG ratio of 2.83 and a beta of 0.53. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.42 and a current ratio of 0.42.
Republic Services (NYSE:RSG) last issued its quarterly earnings results on Thursday, April 25th. The business services provider reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.01. Republic Services had a return on equity of 12.72% and a net margin of 10.25%. The company had revenue of $2.47 billion for the quarter, compared to analysts’ expectations of $2.50 billion. During the same period last year, the firm earned $0.74 EPS. The firm’s revenue for the quarter was up 1.8% on a year-over-year basis. As a group, research analysts expect that Republic Services, Inc. will post 3.23 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Monday, July 1st will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 1.74%. The ex-dividend date of this dividend is Friday, June 28th. Republic Services’s dividend payout ratio (DPR) is presently 48.54%.
Several research firms recently commented on RSG. Royal Bank of Canada began coverage on Republic Services in a research report on Wednesday, May 1st. They issued a “sector perform” rating and a $87.00 target price on the stock. Bank of America restated a “neutral” rating and issued a $85.00 target price (up from $79.00) on shares of Republic Services in a research report on Friday, April 26th. Stifel Nicolaus upgraded Republic Services from a “hold” rating to a “buy” rating and raised their target price for the company from $86.00 to $90.00 in a research report on Monday, April 29th. Zacks Investment Research upgraded Republic Services from a “sell” rating to a “hold” rating in a research report on Thursday, March 28th. Finally, UBS Group raised their target price on Republic Services from $79.00 to $82.00 and gave the company a “neutral” rating in a research report on Thursday, April 4th. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $81.97.
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Republic Services Company Profile
Republic Services, Inc, together with its subsidiaries, provides non-hazardous solid waste collection, transfer, recycling, disposal, and energy services for small-container, large-container, municipal and residential, and energy services customers in the United States and Puerto Rico. The company's collection services include curbside collection of waste for transport to transfer stations, landfills, or recycling processing centers; supply of waste containers; and renting of compactors.
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