OMERS ADMINISTRATION Corp decreased its position in shares of Republic Services, Inc. (NYSE:RSG) by 59.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 25,885 shares of the business services provider’s stock after selling 37,315 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Republic Services were worth $1,650,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Cambridge Investment Research Advisors Inc. boosted its position in Republic Services by 0.3% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 4,821 shares of the business services provider’s stock valued at $307,000 after buying an additional 16 shares in the last quarter. MUFG Americas Holdings Corp boosted its position in Republic Services by 0.4% in the second quarter. MUFG Americas Holdings Corp now owns 4,971 shares of the business services provider’s stock valued at $317,000 after buying an additional 20 shares in the last quarter. Blue Chip Partners Inc. boosted its position in Republic Services by 0.5% in the second quarter. Blue Chip Partners Inc. now owns 4,763 shares of the business services provider’s stock valued at $304,000 after buying an additional 25 shares in the last quarter. Pinnacle Financial Partners Inc. boosted its position in Republic Services by 1.9% in the second quarter. Pinnacle Financial Partners Inc. now owns 3,293 shares of the business services provider’s stock valued at $210,000 after buying an additional 60 shares in the last quarter. Finally, Blair William & Co. IL boosted its position in Republic Services by 0.3% in the first quarter. Blair William & Co. IL now owns 26,078 shares of the business services provider’s stock valued at $1,617,000 after buying an additional 70 shares in 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 65.24 on Friday. Republic Services, Inc. has a one year low of $49.18 and a one year high of $65.54. The company has a market cap of $21.97 billion, a price-to-earnings ratio of 33.49 and a beta of 0.58. The company has a 50 day moving average price of $64.57 and a 200 day moving average price of $63.33.

Republic Services (NYSE:RSG) last issued its earnings results on Thursday, July 27th. The business services provider reported $0.61 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.02. The company had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.47 billion. Republic Services had a return on equity of 10.42% and a net margin of 6.86%. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter last year, the business posted $0.55 EPS. Equities analysts predict that Republic Services, Inc. will post $2.39 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Monday, October 2nd will be paid a $0.345 dividend. This is a positive change from Republic Services’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Friday, September 29th. This represents a $1.38 dividend on an annualized basis and a yield of 2.12%. Republic Services’s dividend payout ratio (DPR) is 65.64%.

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Several research firms have recently weighed in on RSG. KeyCorp restated a “hold” rating on shares of Republic Services in a research note on Thursday, August 24th. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Republic Services in a research note on Friday, August 25th. BidaskClub cut Republic Services from a “hold” rating to a “sell” rating in a research note on Thursday, August 17th. Zacks Investment Research cut Republic Services from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Finally, Credit Suisse Group set a $69.00 price target on Republic Services and gave the stock a “hold” rating in a research note on Saturday, July 29th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company. Republic Services currently has a consensus 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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Institutional Ownership by Quarter for Republic Services (NYSE:RSG)

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