Republic Services, Inc. $RSG Shares Sold by Keybank National Association OH

Keybank National Association OH lowered its position in shares of Republic Services, Inc. (NYSE:RSG) by 2.1% in the 1st quarter, Holdings Channel reports. The fund owned 424,728 shares of the business services provider’s stock after selling 9,157 shares during the period. Keybank National Association OH’s holdings in Republic Services were worth $93,024,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. CBIZ Investment Advisory Services LLC grew its holdings in Republic Services by 11.3% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 445 shares of the business services provider’s stock worth $94,000 after buying an additional 45 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. increased its holdings in shares of Republic Services by 0.5% during the fourth quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 10,454 shares of the business services provider’s stock valued at $2,216,000 after purchasing an additional 48 shares during the period. Williams Jones Wealth Management LLC. lifted its holdings in Republic Services by 2.6% in the fourth quarter. Williams Jones Wealth Management LLC. now owns 1,925 shares of the business services provider’s stock worth $408,000 after purchasing an additional 49 shares during the period. ICONIQ Capital LLC grew its position in Republic Services by 3.3% in the 2nd quarter. ICONIQ Capital LLC now owns 1,558 shares of the business services provider’s stock valued at $384,000 after buying an additional 50 shares in the last quarter. Finally, Composition Wealth LLC raised its position in shares of Republic Services by 1.4% during the 4th quarter. Composition Wealth LLC now owns 3,793 shares of the business services provider’s stock worth $804,000 after buying an additional 52 shares in the last quarter. Institutional investors own 57.73% of the company’s stock.

Republic Services Trading Up 1.2%

Shares of RSG opened at $217.27 on Friday. The business’s 50-day moving average price is $207.83 and its 200 day moving average price is $214.21. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $66.85 billion, a P/E ratio of 31.17, a P/E/G ratio of 3.53 and a beta of 0.40. Republic Services, Inc. has a 1-year low of $196.41 and a 1-year high of $246.25.

Republic Services (NYSE:RSG) last posted its quarterly earnings data on Friday, May 8th. The business services provider reported $1.70 EPS 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 company had revenue of $4.11 billion during the quarter, compared to analyst estimates of $4.10 billion. The business’s quarterly revenue was up 2.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.58 earnings per share. Analysts expect that Republic Services, Inc. will post 7.28 earnings per share for the current year.

Republic Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Thursday, July 2nd will be paid a $0.625 dividend. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $2.50 dividend on an annualized basis and a yield of 1.2%. Republic Services’s dividend payout ratio (DPR) is currently 36.15%.

Insider Activity at Republic Services

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

Wall Street Analyst Weigh In

Several equities research analysts recently commented on RSG shares. Robert W. Baird dropped their target price on Republic Services from $242.00 to $240.00 and set a “neutral” rating on the stock in a report on Thursday, April 16th. Barclays upped their price objective on Republic Services from $227.00 to $233.00 and gave the company an “equal weight” rating in a report on Monday, May 11th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating and set a $249.00 target price on shares of Republic Services in a report on Friday, May 8th. Argus lowered shares of Republic Services from a “buy” rating to a “hold” rating in a research report on Monday, May 11th. Finally, Weiss Ratings downgraded shares of Republic Services from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, April 29th. Eleven research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $243.26.

Republic Services Profile

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.