Sadoff Investment Management LLC cut its position in Republic Services Inc. (NYSE:RSG) by 0.2% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 373,734 shares of the company’s stock after selling 750 shares during the period. Republic Services makes up approximately 2.1% of Sadoff Investment Management LLC’s portfolio, making the stock its 24th largest position. Sadoff Investment Management LLC owned about 0.11% of Republic Services worth $18,855,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in RSG. PineBridge Investments L.P. boosted its stake in Republic Services by 526.7% in the second quarter. PineBridge Investments L.P. now owns 2,933 shares of the company’s stock worth $150,000 after buying an additional 2,465 shares in the last quarter. Mizuho Asset Management Co. Ltd. boosted its stake in Republic Services by 73.2% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 3,005 shares of the company’s stock worth $154,000 after buying an additional 1,270 shares in the last quarter. Farmers National Bank bought a new stake in Republic Services during the second quarter worth approximately $183,000. Private Bank & Trust Co. bought a new stake in Republic Services during the second quarter worth approximately $213,000. Finally, Fox Run Management L.L.C. bought a new stake in Republic Services during the second quarter worth approximately $216,000. 62.00% of the stock is currently owned by hedge funds and other institutional investors.

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

Republic Services Inc. (NYSE:RSG) traded down 0.11% on Friday, hitting $54.61. The stock had a trading volume of 1,396,644 shares. The company has a 50 day moving average price of $51.22 and a 200-day moving average price of $50.50. Republic Services Inc. has a 52-week low of $41.82 and a 52-week high of $55.31. The company has a market cap of $18.57 billion, a price-to-earnings ratio of 31.75 and a beta of 0.61.

Republic Services (NYSE:RSG) last announced its quarterly earnings results on Thursday, October 27th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.04. Republic Services had a return on equity of 9.62% and a net margin of 6.40%. The business had revenue of $2.41 billion for the quarter, compared to the consensus estimate of $2.40 billion. During the same period last year, the business posted $0.53 EPS. The business’s revenue was up 2.8% compared to the same quarter last year. On average, equities research analysts predict that Republic Services Inc. will post $2.20 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 16th. Investors of record on Tuesday, January 3rd will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Thursday, December 29th. This represents a $1.28 annualized dividend and a yield of 2.34%. Republic Services’s dividend payout ratio (DPR) is 74.85%.

A number of equities research analysts have recently commented on the company. Zacks Investment Research raised Republic Services from a “hold” rating to a “buy” rating and set a $57.00 target price on the stock in a research note on Wednesday, September 28th. Barclays PLC upped their price target on Republic Services from $52.00 to $56.00 and gave the company an “overweight” rating in a report on Tuesday, August 9th. Oppenheimer Holdings Inc. reaffirmed a “hold” rating on shares of Republic Services in a report on Thursday, October 27th. Macquarie began coverage on Republic Services in a report on Thursday, August 25th. They set a “neutral” rating and a $53.00 price target on the stock. Finally, Imperial Capital upped their price target on Republic Services from $52.00 to $58.00 and gave the company an “outperform” rating in a report on Tuesday, August 2nd. Eight research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $57.91.

In related news, insider Donald W. Slager sold 164,628 shares of the business’s stock in a transaction on Friday, October 28th. The stock was sold at an average price of $52.00, for a total transaction of $8,560,656.00. Following the transaction, the insider now directly owns 257,367 shares in the company, valued at approximately $13,383,084. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Donald W. Slager sold 26,000 shares of the business’s stock in a transaction dated Monday, October 3rd. The shares were sold at an average price of $50.37, for a total value of $1,309,620.00. Following the sale, the insider now owns 234,397 shares in the company, valued at approximately $11,806,576.89. The disclosure for this sale can be found here. Corporate insiders own 0.50% of the company’s stock.

Republic Services Company Profile

Republic Services, Inc is a provider of non-hazardous solid waste collection, transfer, disposal, recycling and energy services in the United States. The Company operates through three segments: East, Central and West. The Company operates in over 40 states and Puerto Rico through approximately 340 collection operations, over 200 transfer stations, over 190 active landfills, approximately 70 recycling centers, approximately 10 treatment, recovery and disposal facilities, and over 10 salt water disposal wells.

5 Day Chart for NYSE:RSG

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