Kingswood Wealth Advisors LLC Sells 100 Shares of Republic Services, Inc. (NYSE:RSG)

Kingswood Wealth Advisors LLC lowered its stake in Republic Services, Inc. (NYSE:RSG) by 4.8% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,972 shares of the business services provider’s stock after selling 100 shares during the period. Kingswood Wealth Advisors LLC’s holdings in Republic Services were worth $383,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Republic Services by 0.6% during the first quarter. Vanguard Group Inc. now owns 18,254,878 shares of the business services provider’s stock valued at $3,494,714,000 after acquiring an additional 101,518 shares in the last quarter. Capital World Investors raised its holdings in Republic Services by 20.5% in the first quarter. Capital World Investors now owns 7,909,008 shares of the business services provider’s stock worth $1,514,100,000 after buying an additional 1,346,588 shares during the last quarter. Norges Bank bought a new position in shares of Republic Services in the fourth quarter worth approximately $358,837,000. TD Asset Management Inc raised its holdings in Republic Services by 424.7% in the 1st quarter. TD Asset Management Inc now owns 1,722,107 shares of the business services provider’s stock worth $329,680,000 after acquiring an additional 1,393,918 shares during the last quarter. Finally, Earnest Partners LLC lifted its position in Republic Services by 16.9% in the 1st quarter. Earnest Partners LLC now owns 1,262,519 shares of the business services provider’s stock valued at $241,697,000 after acquiring an additional 182,645 shares in the last quarter. Institutional investors own 57.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on RSG shares. Royal Bank of Canada boosted their price target on Republic Services from $201.00 to $211.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 25th. TD Cowen raised their price target on shares of Republic Services from $195.00 to $200.00 and gave the company a “hold” rating in a report on Monday. CIBC upped their price objective on Republic Services from $196.00 to $208.00 and gave the company a “neutral” rating in a research report on Thursday, July 25th. Oppenheimer reduced their target price on shares of Republic Services from $211.00 to $210.00 and set an “outperform” rating for the company in a report on Thursday, July 25th. Finally, UBS Group boosted their price objective on shares of Republic Services from $195.00 to $200.00 and gave the company a “neutral” rating in a research report on Wednesday, May 1st. Ten research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $211.00.

Republic Services Price Performance

Shares of RSG traded up $4.94 during midday trading on Wednesday, hitting $201.64. 2,852,651 shares of the company traded hands, compared to its average volume of 1,234,950. The firm has a 50 day moving average of $193.55 and a 200-day moving average of $187.60. Republic Services, Inc. has a 52 week low of $140.23 and a 52 week high of $206.54. The stock has a market cap of $63.33 billion, a price-to-earnings ratio of 34.51, a PEG ratio of 3.22 and a beta of 0.69. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.59 and a current ratio of 0.59.

Republic Services Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Wednesday, October 2nd will be issued a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 1.15%. This is a boost from Republic Services’s previous quarterly dividend of $0.54. The ex-dividend date is Wednesday, October 2nd. Republic Services’s dividend payout ratio is 37.54%.

Insider Activity at Republic Services

In related news, Director Katharine Weymouth acquired 540 shares of the stock in a transaction dated Tuesday, June 4th. The stock was acquired at an average cost of $185.26 per share, with a total value of $100,040.40. Following the purchase, the director now directly owns 540 shares of the company’s stock, valued at $100,040.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.09% of the stock is currently owned by insiders.

Republic Services Company Profile

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.