Schwab Charles Investment Management Inc. boosted its stake in Republic Services, Inc. (NYSE:RSG) by 15.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 889,944 shares of the business services provider’s stock after buying an additional 116,159 shares during the period. Schwab Charles Investment Management Inc. owned about 0.26% of Republic Services worth $56,717,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of RSG. Korea Investment CORP raised its stake in Republic Services by 483.8% in the first quarter. Korea Investment CORP now owns 71,120 shares of the business services provider’s stock worth $4,467,000 after buying an additional 58,937 shares during the period. Janney Montgomery Scott LLC raised its stake in Republic Services by 4.0% in the first quarter. Janney Montgomery Scott LLC now owns 25,756 shares of the business services provider’s stock worth $1,618,000 after buying an additional 1,000 shares during the period. IFP Advisors Inc raised its stake in Republic Services by 3.5% in the first quarter. IFP Advisors Inc now owns 4,395 shares of the business services provider’s stock worth $276,000 after buying an additional 150 shares during the period. Sumitomo Mitsui Asset Management Company LTD raised its stake in Republic Services by 15.7% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 20,300 shares of the business services provider’s stock worth $1,275,000 after buying an additional 2,750 shares during the period. Finally, Canada Pension Plan Investment Board raised its stake in Republic Services by 56,909.1% in the first quarter. Canada Pension Plan Investment Board now owns 62,710 shares of the business services provider’s stock worth $3,939,000 after buying an additional 62,600 shares during the period. Institutional investors own 60.58% of the company’s stock.

Republic Services, Inc. (NYSE RSG) opened at 65.24 on Friday. The company has a 50-day moving average price of $64.57 and a 200-day moving average price of $63.33. The firm has a market capitalization of $21.97 billion, a PE ratio of 33.49 and a beta of 0.58. Republic Services, Inc. has a 12-month low of $49.18 and a 12-month high of $65.54.

Republic Services (NYSE:RSG) last posted its earnings results on Thursday, July 27th. The business services provider reported $0.61 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.02. The business had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.47 billion. Republic Services had a net margin of 6.86% and a return on equity of 10.42%. The business’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.55 EPS. On average, analysts predict that Republic Services, Inc. will post $2.39 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Monday, October 2nd will be issued a $0.345 dividend. The ex-dividend date is Friday, September 29th. This represents a $1.38 dividend on an annualized basis and a yield of 2.12%. This is a positive change from Republic Services’s previous quarterly dividend of $0.32. Republic Services’s payout ratio is currently 65.64%.

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A number of equities research analysts have recently issued reports on RSG shares. BidaskClub lowered Republic Services from a “hold” rating to a “sell” rating in a research report on Thursday, August 17th. Barclays PLC restated a “neutral” rating on shares of Republic Services in a research report on Friday, July 28th. Zacks Investment Research upgraded Republic Services from a “hold” rating to a “buy” rating and set a $72.00 price target for the company in a research report on Friday, July 14th. BMO Capital Markets upped their price target on Republic Services from $71.00 to $72.00 and gave the company an “outperform” rating in a research report on Friday, July 28th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $73.00 price target on shares of Republic Services in a research report on Wednesday, July 19th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the stock. Republic Services presently has an average rating of “Hold” and a consensus price target of $71.88.

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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