Public Employees Retirement System of Ohio boosted its holdings in Republic Services, Inc. (NYSE:RSG) by 2.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 74,317 shares of the business services provider’s stock after purchasing an additional 1,784 shares during the period. Public Employees Retirement System of Ohio’s holdings in Republic Services were worth $6,432,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in RSG. BlackRock Inc. raised its holdings in shares of Republic Services by 2.7% in the 2nd quarter. BlackRock Inc. now owns 21,974,898 shares of the business services provider’s stock worth $1,903,906,000 after purchasing an additional 581,754 shares during the period. Vanguard Group Inc. lifted its position in shares of Republic Services by 1.1% during the 2nd quarter. Vanguard Group Inc. now owns 18,822,224 shares of the business services provider’s stock valued at $1,630,757,000 after buying an additional 212,128 shares during the last quarter. Invesco Ltd. grew its stake in shares of Republic Services by 69.8% during the 2nd quarter. Invesco Ltd. now owns 6,537,731 shares of the business services provider’s stock worth $566,428,000 after acquiring an additional 2,687,709 shares during the period. Wells Fargo & Company MN grew its stake in shares of Republic Services by 1.8% during the 2nd quarter. Wells Fargo & Company MN now owns 5,350,319 shares of the business services provider’s stock worth $463,551,000 after acquiring an additional 95,240 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in Republic Services by 7.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,434,049 shares of the business services provider’s stock worth $297,321,000 after acquiring an additional 241,028 shares during the last quarter. Hedge funds and other institutional investors own 57.82% of the company’s stock.

Shares of NYSE RSG opened at $87.69 on Tuesday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.49 and a current ratio of 0.49. Republic Services, Inc. has a fifty-two week low of $68.94 and a fifty-two week high of $90.61. The stock has a market cap of $28.29 billion, a PE ratio of 28.38, a price-to-earnings-growth ratio of 3.22 and a beta of 0.49. The stock has a fifty day moving average of $87.02 and a 200-day moving average of $87.10.

Republic Services (NYSE:RSG) last issued its quarterly earnings data on Wednesday, October 30th. The business services provider reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.06. Republic Services had a return on equity of 13.13% and a net margin of 10.58%. The business had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.69 billion. During the same quarter in the prior year, the firm posted $0.82 EPS. The firm’s quarterly revenue was up 3.2% on a year-over-year basis. On average, sell-side analysts predict that Republic Services, Inc. will post 3.28 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd will be given a dividend of $0.405 per share. This represents a $1.62 annualized dividend and a dividend yield of 1.85%. The ex-dividend date of this dividend is Wednesday, January 1st. Republic Services’s dividend payout ratio is presently 52.43%.

A number of brokerages recently issued reports on RSG. ValuEngine cut Republic Services from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Jefferies Financial Group began coverage on shares of Republic Services in a report on Wednesday, November 27th. They set a “buy” rating and a $100.00 price objective on the stock. JPMorgan Chase & Co. started coverage on shares of Republic Services in a research report on Wednesday, August 7th. They set a “neutral” rating and a $94.00 target price for the company. Bank of America upgraded shares of Republic Services from a “neutral” rating to a “buy” rating and set a $95.00 target price for the company in a research note on Friday, October 18th. Finally, Stifel Nicolaus set a $95.00 price target on shares of Republic Services and gave the company a “buy” rating in a research report on Monday, September 23rd. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the company. Republic Services currently has a consensus rating of “Hold” and a consensus target price of $88.67.

In related news, insider Welborn John 3,000,000 shares of the stock in a transaction dated Thursday, November 21st. Also, CEO Donald W. Slager sold 48,891 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $90.00, for a total transaction 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 approximately $30,046,140. The disclosure for this sale can be found here. Corporate insiders own 0.30% of the company’s stock.

Republic Services Company 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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