Commerzbank Aktiengesellschaft FI lessened its stake in Republic Services, Inc. (NYSE:RSG) by 18.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,006 shares of the business services provider’s stock after selling 3,950 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Republic Services were worth $1,189,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Cambridge Investment Research Advisors Inc. grew its stake in shares of Republic Services by 0.3% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 4,821 shares of the business services provider’s stock worth $307,000 after acquiring an additional 16 shares during the last quarter. MUFG Americas Holdings Corp grew its stake in shares of Republic Services by 0.4% during the second quarter. MUFG Americas Holdings Corp now owns 4,971 shares of the business services provider’s stock worth $317,000 after acquiring an additional 20 shares during the last quarter. Blue Chip Partners Inc. grew its stake in shares of Republic Services by 0.5% during the second quarter. Blue Chip Partners Inc. now owns 4,763 shares of the business services provider’s stock worth $304,000 after acquiring an additional 25 shares during the last quarter. Pinnacle Financial Partners Inc. grew its stake in shares of Republic Services by 1.9% during the second quarter. Pinnacle Financial Partners Inc. now owns 3,293 shares of the business services provider’s stock worth $210,000 after acquiring an additional 60 shares during the last quarter. Finally, Ameritas Investment Partners Inc. grew its stake in shares of Republic Services by 1.5% during the second quarter. Ameritas Investment Partners Inc. now owns 5,383 shares of the business services provider’s stock worth $342,000 after acquiring an additional 78 shares during the last quarter. Institutional investors own 60.01% of the company’s stock.

In other Republic Services news, EVP Jeffrey A. Hughes sold 6,329 shares of the business’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $66.50, for a total value of $420,878.50. Following the completion of the transaction, the executive vice president now directly owns 428 shares of the company’s stock, valued at $28,462. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Donald W. Slager sold 98,132 shares of the business’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $64.19, for a total value of $6,299,093.08. Following the completion of the transaction, the chief executive officer now directly owns 322,541 shares of the company’s stock, valued at $20,703,906.79. The disclosure for this sale can be found here. Insiders sold 173,740 shares of company stock valued at $11,228,959 over the last three months. 0.40% of the stock is currently owned by corporate insiders.

RSG has been the topic of a number of research analyst reports. Bank of America dropped their price target on Republic Services from $72.00 to $70.00 and set a “buy” rating on the stock in a research note on Thursday, October 5th. Credit Suisse Group decreased their target price on Republic Services from $69.00 to $67.00 and set a “neutral” rating for the company in a report on Monday, November 6th. KeyCorp reaffirmed a “hold” rating on shares of Republic Services in a report on Thursday, August 24th. Stifel Nicolaus downgraded Republic Services from a “buy” rating to a “hold” rating and decreased their target price for the stock from $76.00 to $70.00 in a report on Wednesday, October 4th. Finally, Oppenheimer reaffirmed a “hold” rating on shares of Republic Services in a report on Friday, August 25th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. Republic Services presently has a consensus rating of “Hold” and an average price target of $67.71.

Republic Services, Inc. (NYSE RSG) traded down $0.04 during trading on Friday, hitting $65.24. The company had a trading volume of 789,800 shares, compared to its average volume of 1,141,746. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.54 and a quick ratio of 0.51. Republic Services, Inc. has a 12-month low of $56.01 and a 12-month high of $67.18. The firm has a market capitalization of $21,818.18, a P/E ratio of 27.20, a price-to-earnings-growth ratio of 3.21 and a beta of 0.60.

Republic Services (NYSE:RSG) last released its earnings results on Thursday, November 2nd. The business services provider reported $0.67 EPS for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.04. Republic Services had a return on equity of 10.58% and a net margin of 8.15%. The firm had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.54 billion. During the same quarter in the previous year, the company posted $0.62 earnings per share. The company’s revenue was up 6.5% compared to the same quarter last year. analysts expect that Republic Services, Inc. will post 2.4 EPS for the current fiscal year.

Republic Services declared that its Board of Directors has initiated a share buyback plan on Thursday, November 2nd that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the business services provider to purchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Tuesday, January 2nd will be issued a $0.345 dividend. This represents a $1.38 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date is Friday, December 29th. Republic Services’s payout ratio is presently 58.47%.

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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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Institutional Ownership by Quarter for Republic Services (NYSE:RSG)

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