Republic Services, Inc. (RSG) Shares Sold by Great Lakes Advisors LLC
Great Lakes Advisors LLC decreased its stake in shares of Republic Services, Inc. (NYSE:RSG) by 0.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 51,025 shares of the business services provider’s stock after selling 4 shares during the period. Great Lakes Advisors LLC’s holdings in Republic Services were worth $3,252,000 as of its most recent filing with the SEC.
Other hedge funds have also recently bought and sold shares of the company. Dynamic Capital Management Ltd purchased a new stake in Republic Services during the first quarter valued at $1,947,000. Meiji Yasuda Asset Management Co Ltd. increased its stake in Republic Services by 1.4% in the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 47,622 shares of the business services provider’s stock valued at $2,991,000 after buying an additional 680 shares during the last quarter. Bbva Compass Bancshares Inc. increased its stake in Republic Services by 4.3% in the first quarter. Bbva Compass Bancshares Inc. now owns 30,440 shares of the business services provider’s stock valued at $1,912,000 after buying an additional 1,261 shares during the last quarter. Elkhorn Investments LLC purchased a new stake in Republic Services during the first quarter valued at $1,635,000. Finally, Swiss National Bank increased its stake in Republic Services by 12.3% in the first quarter. Swiss National Bank now owns 1,841,048 shares of the business services provider’s stock valued at $115,636,000 after buying an additional 202,300 shares during the last quarter. Institutional investors and hedge funds own 60.58% of the company’s stock.
Shares of Republic Services, Inc. (NYSE:RSG) opened at 64.37 on Monday. Republic Services, Inc. has a 52 week low of $49.18 and a 52 week high of $65.54. The stock has a market cap of $21.68 billion, a P/E ratio of 33.04 and a beta of 0.58. The stock has a 50 day moving average price of $64.50 and a 200-day moving average price of $63.13.
Republic Services (NYSE:RSG) last released its quarterly earnings data on Thursday, July 27th. The business services provider reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.02. The firm had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.47 billion. Republic Services had a net margin of 6.86% and a return on equity of 10.42%. Republic Services’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.55 earnings per share. Equities analysts predict that Republic Services, Inc. will post $2.39 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Monday, October 2nd will be paid a $0.345 dividend. The ex-dividend date of this dividend is Friday, September 29th. This represents a $1.38 annualized dividend and a dividend yield of 2.14%. This is a positive change from Republic Services’s previous quarterly dividend of $0.32. Republic Services’s dividend payout ratio (DPR) is presently 65.64%.
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RSG has been the topic of several research analyst reports. Zacks Investment Research upgraded Republic Services from a “hold” rating to a “buy” rating and set a $71.00 price target on the stock in a research note on Tuesday, May 2nd. Credit Suisse Group set a $69.00 price target on Republic Services and gave the company a “hold” rating in a research note on Saturday, July 29th. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Republic Services in a research note on Friday. BMO Capital Markets initiated coverage on Republic Services in a research note on Thursday, June 29th. They set an “outperform” rating and a $71.00 price target on the stock. Finally, Barclays PLC reiterated a “neutral” rating on shares of Republic Services in a research note on Friday, July 28th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company’s stock. Republic Services currently has an average rating of “Hold” and a consensus price target of $71.88.
Republic Services Company Profile
Republic Services, Inc is a provider of non-hazardous solid waste collection, transfer, disposal, recycling and energy services. The Company’s segments include Group 1, Group 2 and Corporate entities. Its Group 1 and Group 2 segments provide integrated waste management services. Group 1 consists of geographic areas located in the western and portions of the mid-western United States.
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