Calamos Advisors LLC Buys Shares of 4,944 Republic Services, Inc. $RSG

Calamos Advisors LLC purchased a new position in shares of Republic Services, Inc. (NYSE:RSG) in the 1st quarter, HoldingsChannel.com reports. The institutional investor purchased 4,944 shares of the business services provider’s stock, valued at approximately $1,083,000.

Other hedge funds have also made changes to their positions in the company. Brighton Jones LLC raised its position in shares of Republic Services by 75.8% in the fourth quarter. Brighton Jones LLC now owns 19,822 shares of the business services provider’s stock valued at $3,988,000 after purchasing an additional 8,547 shares during the period. Federated Hermes Inc. boosted its holdings in shares of Republic Services by 23.2% during the 2nd quarter. Federated Hermes Inc. now owns 17,553 shares of the business services provider’s stock worth $4,329,000 after buying an additional 3,303 shares during the period. NewEdge Advisors LLC grew its stake in Republic Services by 3.6% in the 2nd quarter. NewEdge Advisors LLC now owns 29,690 shares of the business services provider’s stock valued at $7,322,000 after buying an additional 1,044 shares during the last quarter. Treasurer of the State of North Carolina raised its holdings in Republic Services by 0.7% in the 2nd quarter. Treasurer of the State of North Carolina now owns 94,626 shares of the business services provider’s stock worth $23,336,000 after acquiring an additional 688 shares during the period. Finally, Ieq Capital LLC lifted its position in Republic Services by 68.4% during the 2nd quarter. Ieq Capital LLC now owns 11,643 shares of the business services provider’s stock worth $2,871,000 after acquiring an additional 4,729 shares during the last quarter. Institutional investors and hedge funds own 57.73% of the company’s stock.

Republic Services Price Performance

NYSE:RSG opened at $224.26 on Friday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.67 and a current ratio of 0.67. The company has a 50-day moving average of $210.48 and a 200-day moving average of $214.64. Republic Services, Inc. has a 52 week low of $196.41 and a 52 week high of $246.25. The company has a market capitalization of $69.00 billion, a price-to-earnings ratio of 32.18, a PEG ratio of 3.64 and a beta of 0.40.

Republic Services (NYSE:RSG) last posted its earnings results on Friday, May 8th. The business services provider reported $1.70 earnings per share for the quarter, beating analysts’ consensus estimates of $1.64 by $0.06. Republic Services had a net margin of 13.00% and a return on equity of 18.57%. The business had revenue of $4.11 billion for the quarter, compared to analysts’ expectations of $4.10 billion. During the same quarter in the previous year, the firm posted $1.58 earnings per share. The firm’s revenue for the quarter was up 2.6% on a year-over-year basis. As a group, equities research analysts anticipate that Republic Services, Inc. will post 7.29 earnings per share for the current fiscal year.

Republic Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Thursday, July 2nd were paid a $0.625 dividend. This represents a $2.50 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Thursday, July 2nd. Republic Services’s dividend payout ratio is currently 35.87%.

Insider Buying and Selling

In other Republic Services news, Director Sandra M. Volpe sold 1,800 shares of the company’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $211.28, for a total value of $380,304.00. Following the sale, the director directly owned 58 shares in the company, valued at $12,254.24. This represents a 96.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Cascade Investment, L.L.C. acquired 366,000 shares of the company’s stock in a transaction on Wednesday, May 13th. The shares were bought at an average price of $202.24 per share, with a total value of $74,019,840.00. Following the completion of the purchase, the insider directly owned 110,315,982 shares of the company’s stock, valued at approximately $22,310,304,199.68. This represents a 0.33% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders bought 987,150 shares of company stock valued at $202,366,682. 0.12% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on RSG. Citigroup upped their price target on shares of Republic Services from $247.00 to $259.00 and gave the company a “buy” rating in a report on Friday, July 10th. Canadian Imperial Bank of Commerce reissued an “outperform” rating and set a $249.00 price objective on shares of Republic Services in a research report on Friday, May 8th. UBS Group decreased their target price on Republic Services from $240.00 to $223.00 and set a “neutral” rating for the company in a research note on Tuesday, May 12th. Royal Bank Of Canada raised their target price on Republic Services from $265.00 to $267.00 and gave the company an “outperform” rating in a report on Friday, May 8th. Finally, Weiss Ratings lowered Republic Services from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, April 29th. Eleven equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $243.89.

About Republic Services

Republic Services, Inc is a leading provider of non-hazardous solid waste and recycling services in the United States. The company offers a broad range of waste management solutions to residential, commercial, industrial and municipal customers, positioning itself as a full-service partner for everyday waste collection as well as specialized disposal needs.

Republic’s core operations include curbside and commercial collection, transfer and hauling, materials recovery and recycling facilities, and landfill disposal.