Los Angeles Capital Management & Equity Research Inc. lifted its stake in shares of Republic Services, Inc. (NYSE:RSG) by 1,974.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 79,920 shares of the business services provider’s stock after buying an additional 76,067 shares during the quarter. Los Angeles Capital Management & Equity Research Inc.’s holdings in Republic Services were worth $5,093,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in RSG. Canada Pension Plan Investment Board raised its holdings in shares of Republic Services by 56,909.1% during the 1st quarter. Canada Pension Plan Investment Board now owns 62,710 shares of the business services provider’s stock valued at $3,939,000 after buying an additional 62,600 shares during the period. Advisors Asset Management Inc. raised its holdings in shares of Republic Services by 4.5% during the 1st quarter. Advisors Asset Management Inc. now owns 28,120 shares of the business services provider’s stock valued at $1,766,000 after buying an additional 1,199 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Republic Services by 0.4% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 165,586 shares of the business services provider’s stock valued at $10,400,000 after buying an additional 645 shares during the period. Assenagon Asset Management S.A. raised its holdings in shares of Republic Services by 349.2% during the 1st quarter. Assenagon Asset Management S.A. now owns 34,365 shares of the business services provider’s stock valued at $2,158,000 after buying an additional 26,715 shares during the period. Finally, Swiss National Bank raised its holdings in shares of Republic Services by 12.3% during the 1st quarter. Swiss National Bank now owns 1,841,048 shares of the business services provider’s stock valued at $115,636,000 after buying an additional 202,300 shares during the period. Institutional investors and hedge funds own 60.59% of the company’s stock.

RSG has been the topic of several analyst reports. Zacks Investment Research upgraded Republic Services from a “hold” rating to a “buy” rating and set a $72.00 price objective on the stock in a report on Friday, June 16th. Stifel Nicolaus restated a “buy” rating and set a $73.00 price objective on shares of Republic Services in a report on Wednesday, July 19th. BidaskClub downgraded Republic Services from a “hold” rating to a “sell” rating in a report on Thursday, August 17th. Royal Bank Of Canada restated an “outperform” rating on shares of Republic Services in a report on Thursday, September 7th. Finally, KeyCorp restated a “hold” rating on shares of Republic Services in a report on Thursday, August 24th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $71.88.

Republic Services, Inc. (NYSE RSG) opened at 66.73 on Wednesday. The stock has a 50 day moving average price of $64.64 and a 200 day moving average price of $63.60. Republic Services, Inc. has a 12 month low of $49.18 and a 12 month high of $66.81. The firm has a market cap of $22.47 billion, a price-to-earnings ratio of 34.26 and a beta of 0.60.

Republic Services (NYSE:RSG) last posted its quarterly earnings results on Thursday, July 27th. The business services provider reported $0.61 EPS for the quarter, beating the consensus estimate of $0.59 by $0.02. The firm had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.47 billion. Republic Services had a return on equity of 10.42% and a net margin of 6.86%. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.55 EPS. On average, equities analysts expect 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. Shareholders of record on Monday, October 2nd will be issued a $0.345 dividend. This is a boost from Republic Services’s previous quarterly dividend of $0.32. The ex-dividend date is Friday, September 29th. This represents a $1.38 annualized dividend and a yield of 2.07%. Republic Services’s dividend payout ratio is 65.64%.

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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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