Numeric Investors LLC decreased its holdings in Republic Services, Inc. (NYSE:RSG) by 7.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,000 shares of the business services provider’s stock after selling 2,300 shares during the quarter. Numeric Investors LLC’s holdings in Republic Services were worth $1,784,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of RSG. BlackRock Inc. boosted its position in shares of Republic Services by 2,800.0% in the 1st quarter. BlackRock Inc. now owns 19,058,635 shares of the business services provider’s stock worth $1,197,070,000 after purchasing an additional 18,401,448 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Republic Services by 6.1% in the 1st quarter. Vanguard Group Inc. now owns 18,796,178 shares of the business services provider’s stock worth $1,180,588,000 after purchasing an additional 1,086,931 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Republic Services by 89.0% in the 2nd quarter. Renaissance Technologies LLC now owns 1,653,800 shares of the business services provider’s stock worth $105,397,000 after purchasing an additional 778,800 shares in the last quarter. Wellington Management Group LLP acquired a new stake in shares of Republic Services in the 1st quarter worth $39,751,000. Finally, State Street Corp boosted its position in shares of Republic Services by 4.5% in the 1st quarter. State Street Corp now owns 11,649,668 shares of the business services provider’s stock worth $731,866,000 after purchasing an additional 501,491 shares in the last quarter. 60.57% of the stock is owned by hedge funds and other institutional investors.

RSG has been the subject of a number of research analyst reports. Stifel Nicolaus lowered Republic Services from a “buy” rating to a “hold” rating and reduced their target price for the stock from $76.00 to $70.00 in a research note on Wednesday. Bank of America Corporation reduced their target price on Republic Services from $72.00 to $70.00 and set a “buy” rating for the company in a research note on Thursday. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Republic Services in a research note on Friday, August 25th. BidaskClub lowered Republic Services from a “hold” rating to a “sell” rating in a research note on Thursday, August 17th. Finally, Zacks Investment Research lowered Republic Services from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $71.33.

In other Republic Services news, EVP Jeffrey A. Hughes sold 6,329 shares of the stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $66.50, for a total value of $420,878.50. Following the completion of the transaction, the executive vice president now directly owns 428 shares of the company’s stock, valued at $28,462. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Catharine D. Ellingsen sold 14,250 shares of the stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $66.02, for a total transaction of $940,785.00. Following the completion of the transaction, the executive vice president now directly owns 8,007 shares of the company’s stock, valued at $528,622.14. The disclosure for this sale can be found here. Insiders have sold 43,187 shares of company stock valued at $2,854,922 over the last three months. 0.40% of the stock is currently owned by corporate insiders.

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Republic Services, Inc. (RSG) opened at 63.18 on Friday. Republic Services, Inc. has a 52 week low of $49.18 and a 52 week high of $67.18. The stock has a market cap of $21.28 billion, a price-to-earnings ratio of 32.43 and a beta of 0.60. The company has a 50 day moving average price of $65.45 and a 200 day moving average price of $64.07.

Republic Services (NYSE:RSG) last posted its quarterly earnings results on Thursday, July 27th. The business services provider reported $0.61 earnings per share (EPS) for the quarter, topping 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 net margin of 6.86% and a return on equity of 10.42%. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.55 earnings per share. Analysts expect that Republic Services, Inc. will post $2.39 EPS 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 issued a dividend of $0.345 per share. This is a boost from Republic Services’s previous quarterly dividend of $0.32. This represents a $1.38 annualized dividend and a yield of 2.18%. The ex-dividend date of this dividend is Friday, September 29th. Republic Services’s dividend payout ratio is currently 70.77%.

Republic Services 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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