Eqis Capital Management Inc. decreased its position in shares of Republic Services, Inc. (NYSE:RSG) by 15.3% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 4,239 shares of the business services provider’s stock after selling 765 shares during the period. Eqis Capital Management Inc.’s holdings in Republic Services were worth $396,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Oakworth Capital Inc. increased its holdings in shares of Republic Services by 9.3% during the third quarter. Oakworth Capital Inc. now owns 1,291 shares of the business services provider’s stock worth $121,000 after buying an additional 110 shares in the last quarter. Checchi Capital Advisers LLC raised its holdings in shares of Republic Services by 4.1% during the second quarter. Checchi Capital Advisers LLC now owns 3,140 shares of the business services provider’s stock worth $258,000 after acquiring an additional 123 shares during the period. PAX Financial Group LLC raised its holdings in shares of Republic Services by 2.5% during the second quarter. PAX Financial Group LLC now owns 5,006 shares of the business services provider’s stock worth $411,000 after acquiring an additional 124 shares during the period. Leisure Capital Management raised its holdings in shares of Republic Services by 1.2% during the second quarter. Leisure Capital Management now owns 10,557 shares of the business services provider’s stock worth $866,000 after acquiring an additional 124 shares during the period. Finally, MONECO Advisors LLC raised its holdings in shares of Republic Services by 1.6% during the third quarter. MONECO Advisors LLC now owns 7,931 shares of the business services provider’s stock worth $740,000 after acquiring an additional 125 shares during the period. 57.21% of the stock is owned by institutional investors.

A number of equities research analysts recently commented on RSG shares. Zacks Investment Research lowered shares of Republic Services from a “buy” rating to a “hold” rating and set a $98.00 price objective on the stock. in a report on Tuesday, October 20th. JPMorgan Chase & Co. lowered shares of Republic Services from an “overweight” rating to a “neutral” rating and set a $99.00 price objective on the stock. in a report on Wednesday, September 23rd. Oppenheimer restated a “buy” rating on shares of Republic Services in a report on Monday, August 10th. Raymond James lifted their price target on shares of Republic Services from $97.00 to $102.00 and gave the company an “outperform” rating in a research note on Friday, November 6th. Finally, Argus lifted their price target on shares of Republic Services from $102.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $96.43.

Republic Services stock opened at $98.86 on Friday. The firm has a market capitalization of $31.51 billion, a PE ratio of 29.87, a P/E/G ratio of 3.68 and a beta of 0.61. The company’s 50-day moving average is $94.42 and its 200-day moving average is $88.52. Republic Services, Inc. has a fifty-two week low of $65.37 and a fifty-two week high of $103.79. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.76 and a quick ratio of 0.76.

Republic Services (NYSE:RSG) last released its quarterly earnings data on Thursday, November 5th. The business services provider reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.17. The company had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.58 billion. Republic Services had a net margin of 10.35% and a return on equity of 13.41%. Republic Services’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.91 EPS. As a group, analysts expect that Republic Services, Inc. will post 3.17 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 15th. Stockholders of record on Monday, January 4th will be paid a dividend of $0.425 per share. The ex-dividend date is Thursday, December 31st. This represents a $1.70 annualized dividend and a dividend yield of 1.72%. Republic Services’s dividend payout ratio is presently 50.90%.

Republic Services announced that its Board of Directors has approved a stock repurchase program on Thursday, November 5th that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the business services provider to reacquire up to 6.6% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its stock is undervalued.

In related news, COO Timothy E. Stuart sold 14,710 shares of Republic Services stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $95.20, for a total transaction of $1,400,392.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Donald W. Slager sold 32,748 shares of Republic Services stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $91.06, for a total transaction of $2,982,032.88. Following the sale, the chief executive officer now directly owns 375,027 shares of the company’s stock, valued at approximately $34,149,958.62. The disclosure for this sale can be found here. 0.20% of the stock is owned by insiders.

Republic Services Profile

Republic Services, Inc, together with its subsidiaries, provides non-hazardous solid waste collection, transfer, disposal, recycling, and environmental services in the United States. The company serves small-container, large-container, and municipal and residential customers. 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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