J.W. Cole Advisors Inc. Makes New Investment in Republic Services, Inc. (NYSE:RSG)

J.W. Cole Advisors Inc. acquired a new position in shares of Republic Services, Inc. (NYSE:RSGGet Rating) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 49,335 shares of the business services provider’s stock, valued at approximately $115,000.

A number of other hedge funds have also recently added to or reduced their stakes in RSG. Schroder Investment Management Group increased its stake in shares of Republic Services by 67.5% in the 4th quarter. Schroder Investment Management Group now owns 121,413 shares of the business services provider’s stock valued at $16,931,000 after purchasing an additional 48,912 shares during the last quarter. People s United Financial Inc. increased its stake in shares of Republic Services by 68.8% in the 4th quarter. People s United Financial Inc. now owns 8,680 shares of the business services provider’s stock valued at $1,210,000 after purchasing an additional 3,539 shares during the last quarter. Rockefeller Capital Management L.P. increased its stake in shares of Republic Services by 18.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 82,258 shares of the business services provider’s stock valued at $11,470,000 after purchasing an additional 12,755 shares during the last quarter. Nissay Asset Management Corp Japan ADV increased its stake in shares of Republic Services by 3.7% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 39,136 shares of the business services provider’s stock valued at $5,458,000 after purchasing an additional 1,408 shares during the last quarter. Finally, Blair William & Co. IL increased its stake in shares of Republic Services by 7.3% in the 4th quarter. Blair William & Co. IL now owns 30,667 shares of the business services provider’s stock valued at $4,276,000 after purchasing an additional 2,079 shares during the last quarter. Institutional investors own 58.01% of the company’s stock.

Republic Services Stock Performance

Shares of Republic Services stock opened at $143.26 on Thursday. Republic Services, Inc. has a one year low of $113.57 and a one year high of $149.17. The firm has a market capitalization of $45.26 billion, a price-to-earnings ratio of 32.86, a PEG ratio of 2.69 and a beta of 0.70. The business has a 50-day simple moving average of $141.39 and a 200 day simple moving average of $134.53. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.73 and a quick ratio of 0.73.

Republic Services (NYSE:RSGGet Rating) last issued its earnings results on Thursday, August 4th. The business services provider reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $1.18 by $0.14. Republic Services had a return on equity of 16.18% and a net margin of 11.31%. The business had revenue of $3.41 billion during the quarter, compared to analyst estimates of $3.30 billion. During the same period in the previous year, the company posted $1.09 EPS. The firm’s revenue was up 21.4% compared to the same quarter last year. On average, research analysts anticipate that Republic Services, Inc. will post 4.78 earnings per share for the current fiscal year.

Republic Services Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Monday, October 3rd will be given a $0.495 dividend. This represents a $1.98 dividend on an annualized basis and a yield of 1.38%. This is a positive change from Republic Services’s previous quarterly dividend of $0.46. The ex-dividend date is Friday, September 30th. Republic Services’s payout ratio is presently 42.20%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft lifted their price target on Republic Services from $147.00 to $158.00 in a research note on Tuesday, August 9th. Morgan Stanley raised their price objective on Republic Services from $147.00 to $157.00 and gave the company an “overweight” rating in a report on Monday, August 8th. Oppenheimer boosted their price objective on Republic Services from $139.00 to $154.00 and gave the company an “outperform” rating in a research note on Monday, August 8th. Finally, StockNews.com downgraded Republic Services from a “strong-buy” rating to a “buy” rating in a research note on Monday, August 15th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Republic Services currently has a consensus rating of “Moderate Buy” and a consensus price target of $148.33.

Insider Activity at Republic Services

In other Republic Services news, CEO Ark Jon Vander sold 14,100 shares of the business’s stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $142.49, for a total transaction of $2,009,109.00. Following the completion of the sale, the chief executive officer now directly owns 59,619 shares of the company’s stock, valued at approximately $8,495,111.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.06% of the stock is currently owned by corporate insiders.

About Republic Services

(Get Rating)

Republic Services, Inc, together with its subsidiaries, offers environmental services in the United States. The company offers collection and processing of recyclable materials, collection, transfer and disposal of non-hazardous solid waste, and other environmental solutions. Its collection services include curbside collection of material for transport to transfer stations, landfills, or recycling processing centers; supply of recycling and waste containers; and renting of compactors.

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Institutional Ownership by Quarter for Republic Services (NYSE:RSG)

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