Corient Capital Partners LLC lifted its stake in shares of Republic Services, Inc. (NYSE:RSG – Get Rating) by 21.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,365 shares of the business services provider’s stock after purchasing an additional 960 shares during the quarter. Corient Capital Partners LLC’s holdings in Republic Services were worth $702,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of the stock. Azimuth Capital Investment Management LLC purchased a new stake in shares of Republic Services during the second quarter worth approximately $17,547,000. Rhumbline Advisers grew its holdings in Republic Services by 9.9% during the second quarter. Rhumbline Advisers now owns 485,662 shares of the business services provider’s stock worth $63,559,000 after acquiring an additional 43,771 shares during the period. Cetera Investment Advisers grew its holdings in Republic Services by 2.8% during the second quarter. Cetera Investment Advisers now owns 5,181 shares of the business services provider’s stock worth $678,000 after acquiring an additional 139 shares during the period. Cetera Advisor Networks LLC grew its holdings in Republic Services by 7.5% during the second quarter. Cetera Advisor Networks LLC now owns 15,546 shares of the business services provider’s stock worth $2,035,000 after acquiring an additional 1,079 shares during the period. Finally, Checchi Capital Advisers LLC grew its holdings in Republic Services by 35.1% during the second quarter. Checchi Capital Advisers LLC now owns 4,481 shares of the business services provider’s stock worth $621,000 after acquiring an additional 1,165 shares during the period. Hedge funds and other institutional investors own 58.01% of the company’s stock.
Wall Street Analyst Weigh In
A number of research analysts recently weighed in on the company. Raymond James dropped their price objective on Republic Services from $148.00 to $147.00 and set an “outperform” rating on the stock in a report on Monday, October 31st. StockNews.com raised Republic Services from a “buy” rating to a “strong-buy” rating in a report on Monday, November 14th. Deutsche Bank Aktiengesellschaft upped their target price on Republic Services from $147.00 to $158.00 in a report on Tuesday, August 9th. Oppenheimer lowered their target price on Republic Services to $148.00 in a report on Tuesday, November 1st. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $165.00 target price on shares of Republic Services in a report on Tuesday, October 25th. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Republic Services presently has a consensus rating of “Moderate Buy” and a consensus price target of $151.00.
Republic Services Stock Up 0.4 %
Republic Services Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 13th. Investors of record on Tuesday, January 3rd will be given a dividend of $0.495 per share. The ex-dividend date is Friday, December 30th. This represents a $1.98 annualized dividend and a yield of 1.46%. Republic Services’s dividend payout ratio (DPR) is presently 43.23%.
Republic Services Company Profile
Republic Services, Inc, together with its subsidiaries, offers environmental services in the United States. The company offers collection and processing of recyclable materials, collection, transfer and disposal of non-hazardous solid waste, and other environmental solutions. Its collection services include curbside collection of material for transport to transfer stations, landfills, or recycling processing centers; supply of recycling and waste containers; and renting of compactors.
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