Republic Services, Inc. $RSG Shares Acquired by Kestra Advisory Services LLC

Kestra Advisory Services LLC boosted its holdings in Republic Services, Inc. (NYSE:RSG) by 24.0% in the first quarter, HoldingsChannel.com reports. The firm owned 31,470 shares of the business services provider’s stock after buying an additional 6,090 shares during the quarter. Kestra Advisory Services LLC’s holdings in Republic Services were worth $6,893,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Money Concepts Capital Corp lifted its position in shares of Republic Services by 13.4% during the 1st quarter. Money Concepts Capital Corp now owns 9,350 shares of the business services provider’s stock worth $2,048,000 after buying an additional 1,106 shares during the last quarter. Azzad Asset Management Inc. ADV lifted its position in Republic Services by 4.0% in the first quarter. Azzad Asset Management Inc. ADV now owns 18,131 shares of the business services provider’s stock valued at $3,971,000 after acquiring an additional 691 shares during the last quarter. Personal CFO Solutions LLC boosted its stake in Republic Services by 13.8% in the first quarter. Personal CFO Solutions LLC now owns 1,154 shares of the business services provider’s stock valued at $253,000 after acquiring an additional 140 shares in the last quarter. Oregon Public Employees Retirement Fund grew its holdings in shares of Republic Services by 0.4% during the first quarter. Oregon Public Employees Retirement Fund now owns 23,111 shares of the business services provider’s stock worth $5,062,000 after purchasing an additional 100 shares during the last quarter. Finally, Frank Rimerman Advisors LLC increased its position in shares of Republic Services by 1.0% during the first quarter. Frank Rimerman Advisors LLC now owns 8,039 shares of the business services provider’s stock worth $1,761,000 after purchasing an additional 83 shares in the last quarter. 57.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

RSG has been the subject of a number of research analyst reports. Argus cut Republic Services from a “buy” rating to a “hold” rating in a research report on Monday, May 11th. Weiss Ratings cut Republic Services from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, April 29th. UBS Group lowered their target price on shares of Republic Services from $240.00 to $223.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 12th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating and issued a $249.00 target price on shares of Republic Services in a report on Friday, May 8th. Finally, Robert W. Baird reduced their price target on shares of Republic Services from $242.00 to $240.00 and set a “neutral” rating for the company in a research report on Thursday, April 16th. Eleven equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat.com, Republic Services has an average rating of “Moderate Buy” and a consensus price target of $243.89.

Insider Buying and Selling

In other Republic Services news, Director Sandra M. Volpe sold 1,800 shares of Republic Services stock in a transaction that occurred 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 owned 58 shares of the company’s stock, valued at approximately $12,254.24. The trade was a 96.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Cascade Investment, L.L.C. bought 60,700 shares of the business’s stock in a transaction dated Monday, May 18th. The shares were acquired at an average cost of $213.31 per share, with a total value of $12,947,917.00. Following the completion of the purchase, the insider owned 110,803,982 shares in the company, valued at approximately $23,635,597,400.42. This represents a 0.05% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired a total of 987,150 shares of company stock worth $202,366,682 in the last ninety days. 0.12% of the stock is owned by corporate insiders.

Republic Services Price Performance

Republic Services stock opened at $219.96 on Wednesday. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.67 and a quick ratio of 0.67. The business has a 50 day simple moving average of $209.66 and a 200-day simple moving average of $214.53. Republic Services, Inc. has a 12 month low of $196.41 and a 12 month high of $246.25. The stock has a market capitalization of $67.67 billion, a PE ratio of 31.56, a price-to-earnings-growth ratio of 3.74 and a beta of 0.40.

Republic Services (NYSE:RSG) last announced its quarterly earnings data on Friday, May 8th. The business services provider reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $4.10 billion. During the same period in the previous year, the company posted $1.58 EPS. Republic Services’s revenue was up 2.6% compared to the same quarter last year. Equities analysts predict that Republic Services, Inc. will post 7.29 earnings per share for the current year.

Republic Services Announces Dividend

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 given a $0.625 dividend. The ex-dividend date is Thursday, July 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 presently 35.87%.

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.