Peloton Wealth Strategists raised its position in Republic Services, Inc. (NYSE:RSG) by 0.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 47,068 shares of the business services provider’s stock after purchasing an additional 138 shares during the quarter. Republic Services accounts for approximately 2.6% of Peloton Wealth Strategists’ portfolio, making the stock its 8th largest position. Peloton Wealth Strategists’ holdings in Republic Services were worth $3,368,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in RSG. Cambridge Investment Research Advisors Inc. increased its position in shares of Republic Services by 0.3% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 4,821 shares of the business services provider’s stock worth $307,000 after acquiring an additional 16 shares during the period. MUFG Americas Holdings Corp increased its position in shares of Republic Services by 0.4% during the second quarter. MUFG Americas Holdings Corp now owns 4,971 shares of the business services provider’s stock worth $317,000 after acquiring an additional 20 shares during the period. Blue Chip Partners Inc. increased its position in shares of Republic Services by 0.5% during the second quarter. Blue Chip Partners Inc. now owns 4,763 shares of the business services provider’s stock worth $304,000 after acquiring an additional 25 shares during the period. Pinnacle Financial Partners Inc. increased its position in shares of Republic Services by 1.9% during the second quarter. Pinnacle Financial Partners Inc. now owns 3,293 shares of the business services provider’s stock worth $210,000 after acquiring an additional 60 shares during the period. Finally, Blair William & Co. IL increased its position in shares of Republic Services by 0.3% during the first quarter. Blair William & Co. IL now owns 26,078 shares of the business services provider’s stock worth $1,617,000 after acquiring an additional 70 shares during the period. 60.59% of the stock is currently owned by institutional investors.

A number of analysts have recently weighed in on RSG shares. BidaskClub lowered Republic Services from a “hold” rating to a “sell” rating in a research report on Thursday, August 17th. Barclays PLC reaffirmed a “neutral” rating on shares of Republic Services in a research report on Friday, July 28th. Zacks Investment Research raised Republic Services from a “hold” rating to a “buy” rating and set a $72.00 price objective on the stock in a research report on Friday, July 14th. BMO Capital Markets upped their price objective on Republic Services from $71.00 to $72.00 and gave the stock an “outperform” rating in a research report on Friday, July 28th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $73.00 price objective on shares of Republic Services in a research report on Wednesday, July 19th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $71.88.

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Republic Services, Inc. (NYSE:RSG) traded up 0.45% during trading on Tuesday, reaching $66.58. The company had a trading volume of 160,110 shares. The company has a market capitalization of $22.42 billion, a PE ratio of 34.18 and a beta of 0.60. The stock has a 50 day moving average price of $64.59 and a 200-day moving average price of $63.58. Republic Services, Inc. has a 52-week low of $49.18 and a 52-week high of $66.63.

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

The company also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Monday, October 2nd will be paid a dividend of $0.345 per share. This is an increase 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 annualized dividend and a yield of 2.08%. Republic Services’s payout ratio is 65.64%.

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.

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

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