Republic Services, Inc. (NYSE:RSG) Shares Sold by QS Investors LLC

QS Investors LLC lowered its stake in shares of Republic Services, Inc. (NYSE:RSG) by 5.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 32,463 shares of the business services provider’s stock after selling 1,748 shares during the period. QS Investors LLC’s holdings in Republic Services were worth $3,572,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Nordea Investment Management AB boosted its stake in Republic Services by 147.2% in the 1st quarter. Nordea Investment Management AB now owns 5,033,908 shares of the business services provider’s stock worth $499,062,000 after buying an additional 2,997,759 shares during the last quarter. BlackRock Inc. lifted its stake in shares of Republic Services by 4.0% in the 2nd quarter. BlackRock Inc. now owns 20,712,888 shares of the business services provider’s stock valued at $2,278,625,000 after purchasing an additional 792,584 shares in the last quarter. Millennium Management LLC lifted its stake in shares of Republic Services by 370.8% in the 1st quarter. Millennium Management LLC now owns 897,483 shares of the business services provider’s stock valued at $89,165,000 after purchasing an additional 706,837 shares in the last quarter. Nuveen Asset Management LLC lifted its stake in shares of Republic Services by 46.4% in the 1st quarter. Nuveen Asset Management LLC now owns 1,182,739 shares of the business services provider’s stock valued at $117,505,000 after purchasing an additional 374,635 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its stake in shares of Republic Services by 31.7% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,445,155 shares of the business services provider’s stock valued at $143,576,000 after purchasing an additional 347,881 shares in the last quarter. 57.60% of the stock is currently owned by institutional investors and hedge funds.

NYSE:RSG opened at $126.55 on Thursday. Republic Services, Inc. has a 12-month low of $86.18 and a 12-month high of $127.60. The firm has a market capitalization of $40.29 billion, a P/E ratio of 36.05, a P/E/G ratio of 2.88 and a beta of 0.71. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.64 and a quick ratio of 0.64. The business has a 50 day simple moving average of $122.85 and a 200 day simple moving average of $113.91.

Republic Services (NYSE:RSG) last released its quarterly earnings data on Thursday, July 29th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.94 by $0.15. Republic Services had a return on equity of 15.01% and a net margin of 10.64%. The business had revenue of $2.81 billion during the quarter, compared to analyst estimates of $2.72 billion. Research analysts anticipate that Republic Services, Inc. will post 4.06 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 15th. Stockholders of record on Friday, October 1st will be paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date is Thursday, September 30th. This is an increase from Republic Services’s previous quarterly dividend of $0.43. Republic Services’s payout ratio is currently 51.69%.

Several equities analysts have recently weighed in on RSG shares. Zacks Investment Research lowered Republic Services from a “buy” rating to a “hold” rating and set a $128.00 price objective on the stock. in a research note on Wednesday, September 29th. Oppenheimer lifted their price objective on Republic Services from $117.00 to $121.00 and gave the company an “outperform” rating in a research note on Friday, July 16th. The Goldman Sachs Group upgraded Republic Services from a “buy” rating to a “conviction-buy” rating in a report on Tuesday, August 24th. BMO Capital Markets lifted their price objective on Republic Services from $125.00 to $136.00 and gave the stock an “outperform” rating in a report on Monday, August 2nd. Finally, Raymond James restated an “outperform” rating and set a $116.14 price objective (down from $117.00) on shares of Republic Services in a report on Monday, July 26th. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Republic Services presently has a consensus rating of “Buy” and a consensus price target of $116.18.

Republic Services Profile

Republic Services, Inc engages in the provision of services in the domestic non-hazardous solid waste industry. It provides integrated waste management services, which offers non-hazardous solid waste collection, transfer, recycling, disposal and energy services. The firm operates through the following segments: Group 1, Group 2, and Corporate Entities & Other.

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

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