Republic Services, Inc. (RSG) Holdings Boosted by Dean Investment Associates LLC

Dean Investment Associates LLC grew its holdings in Republic Services, Inc. (NYSE:RSG) by 4.2% during the first quarter, HoldingsChannel reports. The firm owned 12,436 shares of the business services provider’s stock after acquiring an additional 498 shares during the period. Dean Investment Associates LLC’s holdings in Republic Services were worth $1,000,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. First Hawaiian Bank raised its position in shares of Republic Services by 26.0% during the first quarter. First Hawaiian Bank now owns 7,877 shares of the business services provider’s stock worth $633,000 after acquiring an additional 1,625 shares during the last quarter. California Public Employees Retirement System raised its position in shares of Republic Services by 49.0% during the fourth quarter. California Public Employees Retirement System now owns 1,179,278 shares of the business services provider’s stock worth $85,014,000 after acquiring an additional 387,583 shares during the last quarter. Taylor Cottrill Erickson & Associates Inc. raised its position in shares of Republic Services by 1.3% during the fourth quarter. Taylor Cottrill Erickson & Associates Inc. now owns 58,440 shares of the business services provider’s stock worth $4,213,000 after acquiring an additional 750 shares during the last quarter. Duality Advisers LP bought a new stake in shares of Republic Services during the fourth quarter worth $3,470,000. Finally, IFM Investors Pty Ltd raised its position in shares of Republic Services by 1.8% during the fourth quarter. IFM Investors Pty Ltd now owns 13,724 shares of the business services provider’s stock worth $989,000 after acquiring an additional 240 shares during the last quarter. 60.09% of the stock is currently owned by institutional investors.

A number of equities research analysts have recently weighed in on RSG shares. KeyCorp started coverage on Republic Services in a research report on Monday, February 4th. They set a “sector weight” rating and a $77.73 target price for the company. Zacks Investment Research downgraded Republic Services from a “buy” rating to a “hold” rating in a research report on Monday, February 11th. UBS Group boosted their target price on Republic Services from $79.00 to $82.00 and gave the stock a “neutral” rating in a research report on Thursday, April 4th. Finally, Stifel Nicolaus downgraded Republic Services from a “buy” rating to a “hold” rating and set a $86.00 target price for the company. in a research report on Thursday, April 11th. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $81.97.

NYSE RSG opened at $84.81 on Friday. The stock has a market capitalization of $27.39 billion, a P/E ratio of 27.45, a P/E/G ratio of 2.77 and a beta of 0.57. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.86. Republic Services, Inc. has a 12 month low of $66.83 and a 12 month high of $85.40.

Republic Services (NYSE:RSG) last released its quarterly earnings data on Thursday, April 25th. The business services provider reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.01. The business had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.50 billion. Republic Services had a return on equity of 12.72% and a net margin of 10.25%. The firm’s revenue was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.74 earnings per share. On average, equities research analysts predict that Republic Services, Inc. will post 3.24 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Monday, July 1st will be issued a $0.375 dividend. The ex-dividend date is Friday, June 28th. This represents a $1.50 dividend on an annualized basis and a yield of 1.77%. Republic Services’s dividend payout ratio is presently 48.54%.

In related news, CEO Donald W. Slager sold 69,966 shares of the company’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $82.66, for a total value of $5,783,389.56. Following the completion of the sale, the chief executive officer now owns 287,610 shares in the company, valued at $23,773,842.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Brian A. Bales sold 22,831 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $82.67, for a total value of $1,887,438.77. Following the completion of the sale, the executive vice president now owns 23,804 shares of the company’s stock, valued at approximately $1,967,876.68. The disclosure for this sale can be found here. Insiders sold 151,575 shares of company stock valued at $12,472,125 in the last quarter. 0.30% of the stock is currently owned by corporate insiders.

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

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