Crossmark Global Holdings Inc. purchased a new stake in Republic Services, Inc. (NYSE:RSG) in the third quarter, according to its most recent filing with the SEC. The fund purchased 37,471 shares of the business services provider’s stock, valued at approximately $2,475,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Republic Services by 0.3% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 4,821 shares of the business services provider’s stock valued at $307,000 after acquiring an additional 16 shares during the last quarter. MUFG Americas Holdings Corp increased its holdings in shares of Republic Services by 0.4% in the 2nd quarter. MUFG Americas Holdings Corp now owns 4,971 shares of the business services provider’s stock valued at $317,000 after acquiring an additional 20 shares during the last quarter. Blue Chip Partners Inc. increased its holdings in shares of Republic Services by 0.5% in the 2nd quarter. Blue Chip Partners Inc. now owns 4,763 shares of the business services provider’s stock valued at $304,000 after acquiring an additional 25 shares during the last quarter. Pinnacle Financial Partners Inc. increased its holdings in shares of Republic Services by 1.9% in the 2nd quarter. Pinnacle Financial Partners Inc. now owns 3,293 shares of the business services provider’s stock valued at $210,000 after acquiring an additional 60 shares during the last quarter. Finally, Ameritas Investment Partners Inc. increased its holdings in shares of Republic Services by 1.5% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,383 shares of the business services provider’s stock valued at $342,000 after acquiring an additional 78 shares during the last quarter. Institutional investors and hedge funds own 60.71% of the company’s stock.

In other Republic Services news, insider Donald W. Slager sold 22,608 shares of the business’s stock in a transaction on Friday, September 29th. The stock was sold at an average price of $66.05, for a total transaction of $1,493,258.40. Following the completion of the transaction, the insider now owns 246,617 shares in the company, valued at approximately $16,289,052.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Catharine D. Ellingsen sold 14,250 shares of the business’s stock in a transaction on Friday, September 29th. The stock was sold at an average price of $66.02, for a total value of $940,785.00. Following the transaction, the executive vice president now owns 8,007 shares of the company’s stock, valued at approximately $528,622.14. The disclosure for this sale can be found here. Insiders have sold a total of 43,187 shares of company stock valued at $2,854,922 in the last 90 days. Insiders own 0.40% of the company’s stock.

A number of equities research analysts have recently weighed in on the company. Zacks Investment Research upgraded Republic Services from a “sell” rating to a “hold” rating in a report on Friday, October 20th. BMO Capital Markets reiterated a “buy” rating and issued a $72.00 price target on shares of Republic Services in a report on Friday, October 13th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Republic Services in a report on Thursday, September 7th. Stifel Nicolaus reiterated a “buy” rating and issued a $73.00 price target on shares of Republic Services in a report on Wednesday, July 19th. Finally, Barclays PLC reiterated a “neutral” rating on shares of Republic Services in a report on Friday, July 28th. One equities 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. The company has an average rating of “Hold” and an average target price of $68.29.

Republic Services, Inc. (NYSE RSG) opened at $63.90 on Monday. The stock has a market cap of $21,356.95, a PE ratio of 26.63, a P/E/G ratio of 2.88 and a beta of 0.61. 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 (NYSE:RSG) last released its quarterly earnings data on Thursday, November 2nd. The business services provider reported $0.67 earnings per share (EPS) for the quarter, beating 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 business had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.54 billion. During the same quarter in the previous year, the firm posted $0.62 EPS. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. research analysts forecast that Republic Services, Inc. will post 2.37 earnings per share for the current year.

Republic Services declared that its Board of Directors has initiated a share buyback program on Thursday, November 2nd that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the business services provider to buy shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board believes its stock is undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Tuesday, January 2nd will be given a dividend of $0.345 per share. This represents a $1.38 dividend on an annualized basis and a yield of 2.16%. Republic Services’s dividend payout ratio is currently 58.47%.

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Republic Services Company Profile

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.

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

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