Republic Services, Inc. $RSG Shares Purchased by Cetera Investment Advisers

Cetera Investment Advisers grew its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 2.4% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 99,324 shares of the business services provider’s stock after buying an additional 2,326 shares during the period. Cetera Investment Advisers’ holdings in Republic Services were worth $24,494,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Creative Planning grew its stake in shares of Republic Services by 23.3% during the 2nd quarter. Creative Planning now owns 55,247 shares of the business services provider’s stock worth $13,624,000 after purchasing an additional 10,435 shares during the period. Meridian Wealth Management LLC increased its holdings in Republic Services by 5.0% in the second quarter. Meridian Wealth Management LLC now owns 1,093 shares of the business services provider’s stock valued at $270,000 after buying an additional 52 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Republic Services by 7.3% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 49,817 shares of the business services provider’s stock valued at $12,285,000 after acquiring an additional 3,397 shares during the period. Foundations Investment Advisors LLC grew its holdings in shares of Republic Services by 47.8% in the 2nd quarter. Foundations Investment Advisors LLC now owns 1,345 shares of the business services provider’s stock worth $332,000 after acquiring an additional 435 shares during the period. Finally, Advisors Capital Management LLC raised its holdings in Republic Services by 54.8% during the second quarter. Advisors Capital Management LLC now owns 1,303 shares of the business services provider’s stock worth $322,000 after purchasing an additional 461 shares during the last quarter. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Insider Activity at Republic Services

In related news, EVP Gregg Brummer sold 7,338 shares of Republic Services stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $233.94, for a total transaction of $1,716,651.72. Following the transaction, the executive vice president owned 4,060 shares in the company, valued at approximately $949,796.40. The trade was a 64.38% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.11% of the company’s stock.

Analyst Ratings Changes

RSG has been the topic of a number of research reports. Barclays started coverage on shares of Republic Services in a research note on Friday, September 19th. They issued an “equal weight” rating and a $240.00 price objective on the stock. National Bankshares dropped their price objective on Republic Services from $270.00 to $241.00 and set a “sector perform” rating for the company in a research report on Tuesday, October 7th. Citigroup lowered their price target on shares of Republic Services from $280.00 to $270.00 and set a “buy” rating for the company in a report on Wednesday, September 17th. BMO Capital Markets increased their price target on Republic Services from $280.00 to $284.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 30th. Finally, Jefferies Financial Group set a $248.00 target price on Republic Services and gave the stock a “buy” rating in a research report on Monday, November 3rd. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $250.91.

Republic Services Price Performance

RSG stock opened at $209.89 on Tuesday. The stock has a 50-day moving average price of $219.87 and a two-hundred day moving average price of $234.69. The company has a market cap of $64.97 billion, a PE ratio of 31.05, a price-to-earnings-growth ratio of 3.40 and a beta of 0.57. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.04. Republic Services, Inc. has a 12-month low of $199.43 and a 12-month high of $258.75.

Republic Services (NYSE:RSG) last released its quarterly earnings data on Friday, October 31st. The business services provider reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.78 by $0.12. The business had revenue of $4.21 billion for the quarter, compared to analyst estimates of $4.25 billion. Republic Services had a return on equity of 18.27% and a net margin of 12.97%.The company’s revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.81 EPS. As a group, research analysts predict that Republic Services, Inc. will post 6.86 EPS for the current year.

Republic Services Announces Dividend

The firm 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 $0.625 dividend. The ex-dividend date of this dividend is Friday, January 2nd. This represents a $2.50 annualized dividend and a dividend yield of 1.2%. Republic Services’s dividend payout ratio is presently 37.20%.

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.