Republic Services, Inc. $RSG Stake Lowered by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL cut its stake in Republic Services, Inc. (NYSE:RSG) by 4.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 450,940 shares of the business services provider’s stock after selling 21,280 shares during the quarter. Republic Services makes up 1.0% of Gamco Investors INC. ET AL’s portfolio, making the stock its 13th biggest holding. Gamco Investors INC. ET AL’s holdings in Republic Services were worth $98,765,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of RSG. Laurel Wealth Advisors LLC purchased a new stake in shares of Republic Services during the 4th quarter worth about $25,000. Wealth Watch Advisors INC bought a new stake in shares of Republic Services in the 3rd quarter valued at approximately $26,000. Prosperity Bancshares Inc acquired a new position in Republic Services in the fourth quarter worth approximately $30,000. Sound Income Strategies LLC bought a new position in Republic Services during the fourth quarter valued at approximately $32,000. Finally, Hilton Head Capital Partners LLC bought a new position in Republic Services during the fourth quarter valued at approximately $32,000. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on RSG shares. Robert W. Baird decreased their target price 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. UBS Group reduced their price objective on shares of 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 upped their price objective on shares of Republic Services from $265.00 to $267.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. Barclays increased their target price on shares of Republic Services from $227.00 to $233.00 and gave the stock an “equal weight” rating in a research report on Monday, May 11th. Finally, JPMorgan Chase & Co. boosted their price target on Republic Services from $233.00 to $245.00 and gave the stock a “neutral” rating in a research report on Friday, April 10th. Eleven equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat, Republic Services presently has a consensus rating of “Moderate Buy” and a consensus price target of $243.89.

Republic Services Trading Down 0.3%

NYSE:RSG opened at $216.79 on Friday. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 1.11. The company’s 50 day moving average is $212.24 and its 200-day moving average is $214.85. The firm has a market cap of $66.70 billion, a price-to-earnings ratio of 31.10, a P/E/G ratio of 3.64 and a beta of 0.40. Republic Services, Inc. has a 12 month low of $196.41 and a 12 month high of $246.25.

Republic Services (NYSE:RSG) last posted its earnings results on Friday, May 8th. The business services provider reported $1.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.64 by $0.06. The business had revenue of $4.11 billion for the quarter, compared to analyst estimates of $4.10 billion. Republic Services had a net margin of 13.00% and a return on equity of 18.57%. Republic Services’s revenue was up 2.6% compared to the same quarter last year. During the same period last year, the business posted $1.58 EPS. Equities analysts anticipate that Republic Services, Inc. will post 7.28 EPS for the current year.

Republic Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Thursday, July 2nd were given a $0.625 dividend. This represents a $2.50 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Thursday, July 2nd. Republic Services’s dividend payout ratio (DPR) is currently 35.87%.

Insider Transactions at Republic Services

In other Republic Services news, major shareholder Cascade Investment, L.L.C. bought 366,000 shares of the stock in a transaction on Wednesday, May 13th. The shares were purchased at an average price of $202.24 per share, with a total value of $74,019,840.00. Following the acquisition, the insider directly owned 110,315,982 shares of the company’s stock, valued at $22,310,304,199.68. This represents a 0.33% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, 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 completion of the transaction, the director directly owned 58 shares in the company, valued at approximately $12,254.24. This represents a 96.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders bought 987,150 shares of company stock worth $202,366,682 over the last quarter. 0.12% of the stock is currently owned by corporate insiders.

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.