Andra AP fonden Has $26.18 Million Holdings in Republic Services, Inc. (RSG)
Andra AP fonden raised its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 4.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 396,326 shares of the business services provider’s stock after purchasing an additional 18,326 shares during the period. Republic Services accounts for 0.6% of Andra AP fonden’s portfolio, making the stock its 18th largest position. Andra AP fonden owned approximately 0.12% of Republic Services worth $26,181,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Evercore Wealth Management LLC increased its position in shares of Republic Services by 48.6% during the second quarter. Evercore Wealth Management LLC now owns 1,593 shares of the business services provider’s stock valued at $102,000 after acquiring an additional 521 shares in the last quarter. Sun Life Financial INC increased its position in shares of Republic Services by 20,900.0% during the second quarter. Sun Life Financial INC now owns 1,680 shares of the business services provider’s stock valued at $107,000 after acquiring an additional 1,672 shares in the last quarter. Almanack Investment Partners LLC. bought a new stake in shares of Republic Services during the second quarter valued at approximately $141,000. Whittier Trust Co. of Nevada Inc. increased its position in shares of Republic Services by 59.1% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 2,903 shares of the business services provider’s stock valued at $185,000 after acquiring an additional 1,078 shares in the last quarter. Finally, Acrospire Investment Management LLC bought a new stake in shares of Republic Services during the second quarter valued at approximately $191,000. 60.65% of the stock is owned by institutional investors and hedge funds.
In other Republic Services news, insider Donald W. Slager sold 22,608 shares of the stock in a transaction on Friday, September 29th. The shares were sold at an average price of $66.05, for a total transaction of $1,493,258.40. Following the transaction, the insider now directly owns 246,617 shares of the company’s stock, valued at $16,289,052.85. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Catharine D. Ellingsen sold 14,250 shares of the stock in a transaction on Friday, September 29th. The shares were sold at an average price of $66.02, for a total transaction of $940,785.00. Following the transaction, the executive vice president now directly owns 8,007 shares in the company, valued at $528,622.14. The disclosure for this sale can be found here. Insiders have sold 43,187 shares of company stock worth $2,854,922 over the last three months. 0.40% of the stock is currently owned by insiders.
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Several brokerages recently weighed in on RSG. Stifel Nicolaus downgraded shares of Republic Services from a “buy” rating to a “hold” rating and reduced their price target for the company from $76.00 to $70.00 in a research report on Wednesday, October 4th. BidaskClub downgraded shares of Republic Services from a “hold” rating to a “sell” rating in a research report on Thursday, August 17th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Republic Services in a research report on Thursday, September 7th. KeyCorp reaffirmed a “hold” rating on shares of Republic Services in a research report on Thursday, August 24th. Finally, Zacks Investment Research raised shares of Republic Services from a “hold” rating to a “buy” rating and set a $72.00 target price for the company in a research report on Friday, July 14th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $68.29.
Republic Services (NYSE:RSG) last announced its quarterly earnings results on Thursday, November 2nd. The business services provider reported $0.67 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.04. Republic Services had a net margin of 6.86% and a return on equity of 10.42%. The firm had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.54 billion. During the same period in the prior year, the firm posted $0.62 earnings per share. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Tuesday, January 2nd will be issued a dividend of $0.345 per share. This represents a $1.38 dividend on an annualized basis and a yield of 2.13%. Republic Services’s dividend payout ratio (DPR) is presently 70.77%.
About Republic Services
Republic Services, Inc is a provider of non-hazardous solid waste collection, transfer, disposal, recycling and energy services. The Company’s segments include Group 1, Group 2 and Corporate entities. Its Group 1 and Group 2 segments provide integrated waste management services. Group 1 consists of geographic areas located in the western and portions of the mid-western United States.
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