Advisors Asset Management Inc. boosted its position in Republic Services Inc. (NYSE:RSG) by 21.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 15,159 shares of the company’s stock after buying an additional 2,660 shares during the period. Advisors Asset Management Inc.’s holdings in Republic Services were worth $778,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Commonwealth Equity Services Inc increased its position in Republic Services by 0.3% in the second quarter. Commonwealth Equity Services Inc now owns 32,439 shares of the company’s stock worth $1,664,000 after buying an additional 96 shares in the last quarter. Moody Lynn & Lieberson LLC increased its position in Republic Services by 1.3% in the second quarter. Moody Lynn & Lieberson LLC now owns 7,703 shares of the company’s stock worth $395,000 after buying an additional 98 shares in the last quarter. World Asset Management Inc increased its position in Republic Services by 0.4% in the second quarter. World Asset Management Inc now owns 24,247 shares of the company’s stock worth $1,244,000 after buying an additional 106 shares in the last quarter. Conning Inc. increased its position in Republic Services by 1.4% in the second quarter. Conning Inc. now owns 7,781 shares of the company’s stock worth $399,000 after buying an additional 110 shares in the last quarter. Finally, Stephens Inc. AR increased its position in Republic Services by 2.0% in the second quarter. Stephens Inc. AR now owns 5,667 shares of the company’s stock worth $291,000 after buying an additional 110 shares in the last quarter. Hedge funds and other institutional investors own 61.01% of the company’s stock.

Shares of Republic Services Inc. (NYSE:RSG) traded down 0.70% during trading on Friday, reaching $50.85. The company had a trading volume of 727,119 shares. Republic Services Inc. has a 12 month low of $40.05 and a 12 month high of $52.92. The stock has a market capitalization of $17.43 billion, a PE ratio of 24.44 and a beta of 0.59. The stock’s 50-day moving average price is $50.85 and its 200-day moving average price is $49.32.

Republic Services (NYSE:RSG) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.55 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.55. Republic Services had a return on equity of 9.21% and a net margin of 7.85%. The firm had revenue of $2.35 billion for the quarter, compared to analysts’ expectations of $2.38 billion. During the same quarter in the prior year, the firm posted $0.54 earnings per share. Republic Services’s revenue for the quarter was up 1.7% compared to the same quarter last year. Equities analysts forecast that Republic Services Inc. will post $2.16 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Monday, October 3rd will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Thursday, September 29th. This represents a $1.28 annualized dividend and a yield of 2.50%. This is a boost from Republic Services’s previous quarterly dividend of $0.30. Republic Services’s dividend payout ratio is presently 57.97%.

A number of research analysts recently issued reports on the company. Barclays PLC raised their price target on Republic Services from $52.00 to $56.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 9th. Zacks Investment Research downgraded Republic Services from a “buy” rating to a “hold” rating in a research note on Tuesday. Imperial Capital lifted their target price on Republic Services from $52.00 to $58.00 and gave the company an “outperform” rating in a research note on Tuesday, August 2nd. Finally, Macquarie assumed coverage on Republic Services in a research note on Thursday, August 25th. They issued a “neutral” rating and a $53.00 target price on the stock. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Republic Services has an average rating of “Hold” and an average price target of $51.70.

In other news, CAO Brian A. Goebel sold 1,695 shares of the company’s stock in a transaction that occurred on Tuesday, July 5th. The stock was sold at an average price of $52.10, for a total transaction of $88,309.50. Following the completion of the transaction, the chief accounting officer now directly owns 6,391 shares of the company’s stock, valued at $332,971.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Brian A. Goebel sold 3,780 shares of the company’s stock in a transaction that occurred on Thursday, June 30th. The shares were sold at an average price of $50.83, for a total value of $192,137.40. Following the transaction, the chief accounting officer now directly owns 7,671 shares of the company’s stock, valued at $389,916.93. The disclosure for this sale can be found here. Company insiders own 0.50% of the company’s stock.

About Republic Services

Republic Services, Inc is a provider of non-hazardous solid waste collection, transfer, disposal, recycling and energy services in the United States. The Company operates through three segments: East, Central and West. The Company operates in over 40 states and Puerto Rico through approximately 340 collection operations, over 200 transfer stations, over 190 active landfills, approximately 70 recycling centers, approximately 10 treatment, recovery and disposal facilities, and over 10 salt water disposal wells.

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