MUFG Securities EMEA plc reduced its holdings in Republic Services, Inc. (NYSE:RSG) by 19.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 101,578 shares of the business services provider’s stock after selling 24,800 shares during the period. MUFG Securities EMEA plc’s holdings in Republic Services were worth $8,801,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. First Bank & Trust bought a new stake in shares of Republic Services in the 2nd quarter valued at $35,000. Gemmer Asset Management LLC increased its holdings in shares of Republic Services by 140.2% in the second quarter. Gemmer Asset Management LLC now owns 454 shares of the business services provider’s stock valued at $39,000 after purchasing an additional 265 shares during the last quarter. Glassman Wealth Services grew its stake in Republic Services by 44.9% in the 1st quarter. Glassman Wealth Services now owns 507 shares of the business services provider’s stock valued at $41,000 after buying an additional 157 shares during the last quarter. Motco bought a new position in Republic Services in the 2nd quarter valued at about $62,000. Finally, Knuff & Co LLC increased its stake in Republic Services by 966.7% during the 1st quarter. Knuff & Co LLC now owns 800 shares of the business services provider’s stock worth $64,000 after acquiring an additional 725 shares during the period. Institutional investors own 59.64% of the company’s stock.

In related news, EVP Catharine D. Ellingsen sold 3,100 shares of the stock in a transaction on Monday, July 29th. The stock was sold at an average price of $90.00, for a total value of $279,000.00. Following the completion of the sale, the executive vice president now directly owns 14,307 shares in the company, valued at $1,287,630. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Donald W. Slager sold 48,891 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $90.00, for a total value of $4,400,190.00. Following the transaction, the chief executive officer now directly owns 333,846 shares of the company’s stock, valued at $30,046,140. The disclosure for this sale can be found here. Insiders have sold a total of 147,117 shares of company stock worth $13,240,530 in the last 90 days. 0.30% of the stock is currently owned by corporate insiders.

A number of research firms recently commented on RSG. JPMorgan Chase & Co. started coverage on Republic Services in a research note on Wednesday, August 7th. They issued a “neutral” rating and a $94.00 price target for the company. Raymond James set a $93.00 target price on shares of Republic Services and gave the company an “outperform” rating in a report on Friday, July 26th. Finally, Royal Bank of Canada set a $91.00 target price on shares of Republic Services and gave the company a “hold” rating in a research report on Friday, July 26th. Eight analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $84.67.

Shares of RSG traded down $0.72 during mid-day trading on Wednesday, reaching $85.13. The company had a trading volume of 91,827 shares, compared to its average volume of 888,370. The company’s 50 day simple moving average is $88.93 and its 200 day simple moving average is $84.27. Republic Services, Inc. has a 1-year low of $67.48 and a 1-year high of $90.61. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.41 and a current ratio of 0.41. The company has a market capitalization of $27.54 billion, a price-to-earnings ratio of 27.54, a P/E/G ratio of 2.99 and a beta of 0.50.

Republic Services (NYSE:RSG) last released its quarterly earnings data on Thursday, July 25th. The business services provider reported $0.79 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.01. The business had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.62 billion. Republic Services had a net margin of 10.32% and a return on equity of 12.86%. The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.73 EPS. As a group, equities analysts forecast that Republic Services, Inc. will post 3.24 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st will be given a dividend of $0.405 per share. The ex-dividend date is Monday, September 30th. This represents a $1.62 dividend on an annualized basis and a yield of 1.90%. This is a positive change from Republic Services’s previous quarterly dividend of $0.38. Republic Services’s payout ratio is currently 48.54%.

Republic Services Profile

Republic Services, Inc, together with its subsidiaries, provides non-hazardous solid waste collection, transfer, recycling, disposal, and energy services for small-container, large-container, municipal and residential, and energy services customers in the United States and Puerto Rico. The company's collection services include curbside collection of waste for transport to transfer stations, landfills, or recycling processing centers; supply of waste containers; and renting of compactors.

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

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