Republic Services, Inc. (NYSE:RSG) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio lessened its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 7.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 92,132 shares of the business services provider’s stock after selling 7,822 shares during the period. Public Employees Retirement System of Ohio’s holdings in Republic Services were worth $17,638,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. YHB Investment Advisors Inc. acquired a new position in Republic Services during the first quarter worth $29,000. EntryPoint Capital LLC acquired a new position in Republic Services during the first quarter worth $29,000. Bogart Wealth LLC acquired a new position in Republic Services during the fourth quarter worth $30,000. Turtle Creek Wealth Advisors LLC acquired a new position in Republic Services during the fourth quarter worth $34,000. Finally, Jones Financial Companies Lllp grew its holdings in Republic Services by 3,014.3% during the fourth quarter. Jones Financial Companies Lllp now owns 218 shares of the business services provider’s stock worth $36,000 after acquiring an additional 211 shares during the period. Institutional investors and hedge funds own 57.73% of the company’s stock.

Wall Street Analyst Weigh In

RSG has been the topic of a number of research analyst reports. Oppenheimer decreased their target price on Republic Services from $211.00 to $210.00 and set an “outperform” rating on the stock in a research report on Thursday, July 25th. Scotiabank boosted their target price on Republic Services from $211.00 to $213.00 and gave the stock a “sector perform” rating in a research report on Wednesday, May 1st. StockNews.com downgraded Republic Services from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 24th. Stifel Nicolaus boosted their target price on Republic Services from $215.00 to $230.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Finally, Raymond James decreased their target price on Republic Services from $219.00 to $214.00 and set an “outperform” rating on the stock in a research report on Thursday, July 25th. Nine investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $211.69.

Republic Services Stock Performance

NYSE RSG opened at $193.81 on Tuesday. The business’s 50-day moving average price is $192.37 and its 200 day moving average price is $186.36. Republic Services, Inc. has a twelve month low of $140.23 and a twelve month high of $206.54. The company has a market capitalization of $60.87 billion, a PE ratio of 33.72, a price-to-earnings-growth ratio of 3.18 and a beta of 0.69. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.05.

Republic Services (NYSE:RSG) last released its earnings results on Tuesday, April 30th. The business services provider reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.10. Republic Services had a return on equity of 17.81% and a net margin of 12.11%. The firm had revenue of $3.86 billion for the quarter, compared to the consensus estimate of $3.89 billion. During the same period in the prior year, the business posted $1.24 earnings per share. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. On average, research analysts predict that Republic Services, Inc. will post 6.17 earnings per share for the current year.

Republic Services Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Wednesday, October 2nd will be given a dividend of $0.58 per share. The ex-dividend date is Wednesday, October 2nd. This is an increase from Republic Services’s previous quarterly dividend of $0.54. This represents a $2.32 annualized dividend and a yield of 1.20%. Republic Services’s dividend payout ratio is 37.54%.

Insider Buying and Selling

In related news, CMO Amanda Hodges sold 6,500 shares of the stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $186.02, for a total transaction of $1,209,130.00. Following the transaction, the chief marketing officer now directly owns 6,831 shares in the company, valued at $1,270,702.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Republic Services news, CMO Amanda Hodges sold 6,500 shares of the company’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $186.02, for a total transaction of $1,209,130.00. Following the completion of the sale, the chief marketing officer now directly owns 6,831 shares in the company, valued at $1,270,702.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Katharine Weymouth purchased 540 shares of the company’s stock in a transaction on Tuesday, June 4th. The shares were purchased at an average price of $185.26 per share, with a total value of $100,040.40. Following the completion of the purchase, the director now directly owns 540 shares of the company’s stock, valued at $100,040.40. The disclosure for this purchase can be found here. 0.09% of the stock is currently owned by company insiders.

About Republic Services

Republic Services, Inc, together with its subsidiaries, offers environmental services in the United States and Canada. It is involved in the collection and processing of recyclable, solid waste, and industrial waste materials; transportation and disposal of non-hazardous and hazardous waste streams; and other environmental solutions.