Republic Services, Inc. (NYSE:RSG) Shares Purchased by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC increased its stake in shares of Republic Services, Inc. (NYSE:RSG) by 1.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,021 shares of the business services provider’s stock after acquiring an additional 741 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Republic Services were worth $3,377,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in RSG. Invesco Ltd. increased its stake in Republic Services by 69.8% in the second quarter. Invesco Ltd. now owns 6,537,731 shares of the business services provider’s stock valued at $566,428,000 after purchasing an additional 2,687,709 shares during the period. GSA Capital Partners LLP increased its stake in Republic Services by 260.2% in the second quarter. GSA Capital Partners LLP now owns 13,614 shares of the business services provider’s stock valued at $1,180,000 after purchasing an additional 9,834 shares during the period. Ladenburg Thalmann Financial Services Inc. increased its stake in Republic Services by 32.8% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 18,250 shares of the business services provider’s stock valued at $1,583,000 after purchasing an additional 4,508 shares during the period. Manning & Napier Group LLC increased its stake in Republic Services by 373.0% in the second quarter. Manning & Napier Group LLC now owns 14,210 shares of the business services provider’s stock valued at $1,230,000 after purchasing an additional 11,206 shares during the period. Finally, GWM Advisors LLC increased its stake in Republic Services by 1.4% in the second quarter. GWM Advisors LLC now owns 15,892 shares of the business services provider’s stock valued at $1,377,000 after purchasing an additional 223 shares during the period. Hedge funds and other institutional investors own 59.13% of the company’s stock.

A number of research firms have commented on RSG. Berenberg Bank restated a “buy” rating and issued a $115.00 price objective on shares of Republic Services in a research note on Friday, October 25th. ValuEngine lowered shares of Republic Services from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Raymond James set a $93.00 price objective on shares of Republic Services and gave the company an “outperform” rating in a research note on Friday, July 26th. Stifel Nicolaus set a $95.00 price objective on shares of Republic Services and gave the company a “buy” rating in a research note on Monday, September 23rd. Finally, Bank of America upgraded shares of Republic Services from a “neutral” rating to a “buy” rating and set a $95.00 price objective on the stock in a research note on Friday, October 18th. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $89.37.

In other news, CEO Donald W. Slager sold 95,126 shares of Republic Services stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $90.00, for a total value of $8,561,340.00. Following the sale, the chief executive officer now owns 382,736 shares of the company’s stock, valued at $34,446,240. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Donald W. Slager sold 48,891 shares of Republic Services stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $90.00, for a total transaction of $4,400,190.00. Following the completion of the sale, the chief executive officer now directly owns 333,846 shares in the company, valued at approximately $30,046,140. The disclosure for this sale can be found here. 0.30% of the stock is owned by insiders.

Shares of NYSE:RSG opened at $86.18 on Friday. The company has a market cap of $27.36 billion, a price-to-earnings ratio of 27.89, a PEG ratio of 3.11 and a beta of 0.49. The firm’s 50-day simple moving average is $86.60 and its 200-day simple moving average is $86.47. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 0.97. Republic Services, Inc. has a fifty-two week low of $68.94 and a fifty-two week high of $90.61.

Republic Services (NYSE:RSG) last issued its earnings results on Wednesday, October 30th. The business services provider reported $0.91 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.06. The business had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.69 billion. Republic Services had a net margin of 10.58% and a return on equity of 13.13%. The business’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.82 earnings per share. On average, research analysts forecast that Republic Services, Inc. will post 3.29 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd will be issued a $0.405 dividend. This represents a $1.62 annualized dividend and a dividend yield of 1.88%. The ex-dividend date is Wednesday, January 1st. Republic Services’s payout ratio is 52.43%.

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.

See Also: How a Strangle Strategy is different from a Straddle Strategy

Want to see what other hedge funds are holding RSG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Republic Services, Inc. (NYSE:RSG).

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

Receive News & Ratings for Republic Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Republic Services and related companies with MarketBeat.com's FREE daily email newsletter.