Carnegie Capital Asset Management LLC raised its holdings in Republic Services, Inc. (NYSE:RSG) by 8.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 130,527 shares of the business services provider’s stock after buying an additional 9,695 shares during the period. Carnegie Capital Asset Management LLC’s holdings in Republic Services were worth $9,251,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Braun Bostich & Associates Inc. increased its position in shares of Republic Services by 531.6% during the second quarter. Braun Bostich & Associates Inc. now owns 1,819 shares of the business services provider’s stock worth $124,000 after purchasing an additional 1,531 shares in the last quarter. Qube Research & Technologies Ltd increased its position in shares of Republic Services by 57.1% during the second quarter. Qube Research & Technologies Ltd now owns 1,936 shares of the business services provider’s stock worth $132,000 after purchasing an additional 704 shares in the last quarter. Piedmont Investment Advisors LLC acquired a new stake in shares of Republic Services during the second quarter worth about $178,000. Bradley Foster & Sargent Inc. CT acquired a new stake in shares of Republic Services during the second quarter worth about $203,000. Finally, Checchi Capital Advisers LLC acquired a new stake in shares of Republic Services during the second quarter worth about $209,000. Institutional investors own 61.42% of the company’s stock.

A number of research firms have recently commented on RSG. BMO Capital Markets lifted their target price on Republic Services from $75.00 to $79.00 and gave the stock a “positive” rating in a research report on Thursday, August 16th. Zacks Investment Research cut Republic Services from a “hold” rating to a “sell” rating in a research report on Tuesday, July 3rd. Stifel Nicolaus lifted their target price on Republic Services from $73.00 to $78.00 and gave the stock a “buy” rating in a research report on Monday, September 10th. Bank of America lifted their target price on Republic Services from $70.00 to $79.00 and gave the stock a “buy” rating in a research report on Friday, August 17th. Finally, ValuEngine upgraded Republic Services from a “hold” rating to a “buy” rating in a research report on Thursday, August 2nd. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Republic Services presently has a consensus rating of “Buy” and a consensus target price of $75.00.

In related news, CEO Donald W. Slager sold 91,334 shares of the business’s stock in a transaction dated Friday, August 10th. The stock was sold at an average price of $73.04, for a total value of $6,671,035.36. Following the transaction, the chief executive officer now owns 378,023 shares in the company, valued at approximately $27,610,799.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Charles F. Serianni sold 9,500 shares of the business’s stock in a transaction dated Thursday, July 12th. The shares were sold at an average price of $70.00, for a total value of $665,000.00. Following the completion of the transaction, the chief financial officer now owns 46,143 shares in the company, valued at approximately $3,230,010. The disclosure for this sale can be found here. Insiders sold a total of 326,568 shares of company stock worth $23,819,132 in the last 90 days. 0.30% of the stock is currently owned by insiders.

Shares of RSG stock opened at $75.12 on Tuesday. The stock has a market capitalization of $24.24 billion, a P/E ratio of 30.91, a P/E/G ratio of 2.29 and a beta of 0.57. Republic Services, Inc. has a 52-week low of $60.26 and a 52-week high of $75.63. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.69 and a current ratio of 0.69.

Republic Services (NYSE:RSG) last issued its quarterly earnings results on Thursday, July 26th. The business services provider reported $0.73 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.73. The firm had revenue of $2.52 billion for the quarter, compared to analysts’ expectations of $2.53 billion. Republic Services had a return on equity of 11.65% and a net margin of 13.51%. The firm’s revenue for the quarter was down .4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.61 EPS. equities research analysts forecast that Republic Services, Inc. will post 3.04 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 15th. Investors of record on Monday, October 1st will be given a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 2.00%. The ex-dividend date of this dividend is Friday, September 28th. This is a boost from Republic Services’s previous quarterly dividend of $0.35. Republic Services’s payout ratio is 56.79%.

About Republic Services

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; supply of waste containers; and renting of compactors.

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

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