Quilter Plc Sells 7,322 Shares of Republic Services, Inc. $RSG

Quilter Plc decreased its stake in Republic Services, Inc. (NYSE:RSG) by 19.0% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 31,316 shares of the business services provider’s stock after selling 7,322 shares during the quarter. Quilter Plc’s holdings in Republic Services were worth $7,723,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of RSG. Nuveen LLC purchased a new stake in shares of Republic Services in the first quarter valued at $198,685,000. M&G PLC grew its holdings in Republic Services by 113.0% during the 2nd quarter. M&G PLC now owns 1,164,656 shares of the business services provider’s stock valued at $287,670,000 after purchasing an additional 617,939 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its position in Republic Services by 118.4% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 806,409 shares of the business services provider’s stock worth $198,869,000 after purchasing an additional 437,190 shares during the period. National Pension Service lifted its stake in Republic Services by 112.0% in the second quarter. National Pension Service now owns 749,603 shares of the business services provider’s stock worth $184,860,000 after purchasing an additional 396,041 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Republic Services by 27.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,763,333 shares of the business services provider’s stock valued at $427,009,000 after buying an additional 384,695 shares during the last quarter. 57.73% of the stock is currently owned by institutional investors.

Republic Services Stock Up 1.7%

Republic Services stock opened at $217.50 on Thursday. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.66 and a quick ratio of 0.66. The stock has a market capitalization of $67.33 billion, a PE ratio of 32.17, a price-to-earnings-growth ratio of 3.40 and a beta of 0.57. The business has a 50 day simple moving average of $219.35 and a 200-day simple moving average of $234.32. Republic Services, Inc. has a 12 month low of $199.43 and a 12 month high of $258.75.

Republic Services (NYSE:RSG) last issued its quarterly earnings results on Friday, October 31st. The business services provider reported $1.90 EPS for the quarter, topping the consensus estimate of $1.78 by $0.12. The company had revenue of $4.21 billion during the quarter, compared to analyst estimates of $4.25 billion. Republic Services had a net margin of 12.97% and a return on equity of 18.27%. The firm’s revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.81 EPS. On average, analysts anticipate that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.

Republic Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Friday, January 2nd will be paid a $0.625 dividend. The ex-dividend date of this dividend is Friday, January 2nd. This represents a $2.50 dividend on an annualized basis and a yield of 1.1%. Republic Services’s dividend payout ratio (DPR) is currently 37.20%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Oppenheimer set a $256.00 price objective on shares of Republic Services in a report on Friday, October 31st. BMO Capital Markets upped their price objective on Republic Services from $280.00 to $284.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 30th. JPMorgan Chase & Co. cut their price target on shares of Republic Services from $260.00 to $233.00 and set a “neutral” rating on the stock in a report on Friday, October 31st. Jefferies Financial Group set a $248.00 target price on shares of Republic Services and gave the stock a “buy” rating in a research note on Monday, November 3rd. Finally, Wells Fargo & Company started coverage on Republic Services in a report on Thursday, November 13th. They issued an “overweight” rating and a $238.00 price objective on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $250.91.

Insider Transactions at Republic Services

In other Republic Services news, EVP Gregg Brummer sold 7,338 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $233.94, for a total transaction of $1,716,651.72. Following the completion of the sale, the executive vice president directly owned 4,060 shares in the company, valued at approximately $949,796.40. The trade was a 64.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.11% of the company’s stock.

Republic Services Company Profile

Republic Services, Inc, together with its subsidiaries, offers environmental services in the United States and Canada. It is involved in the collection and processing of recyclable, solid waste, and industrial waste materials; transportation and disposal of non-hazardous and hazardous waste streams; and other environmental solutions.