Quadrant Capital Group LLC Maintains Stake in Republic Services Inc. (RSG)
Quadrant Capital Group LLC held its position in Republic Services Inc. (NYSE:RSG) during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 1,974 shares of the company’s stock at the end of the second quarter. Quadrant Capital Group LLC’s holdings in Republic Services were worth $100,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently bought and sold shares of RSG. Savant Capital LLC raised its position in Republic Services by 10.5% in the second quarter. Savant Capital LLC now owns 20,051 shares of the company’s stock valued at $1,029,000 after buying an additional 1,911 shares during the period. ING Groep NV raised its position in Republic Services by 52.3% in the second quarter. ING Groep NV now owns 8,336 shares of the company’s stock valued at $428,000 after buying an additional 2,861 shares during the period. Tokio Marine Asset Management Co. Ltd. raised its position in Republic Services by 11.7% in the second quarter. Tokio Marine Asset Management Co. Ltd. now owns 8,799 shares of the company’s stock valued at $451,000 after buying an additional 925 shares during the period. First Midwest Bank Trust Division purchased a new position in Republic Services during the second quarter valued at $422,000. Finally, Hilton Capital Management LLC raised its position in Republic Services by 4.1% in the second quarter. Hilton Capital Management LLC now owns 224,133 shares of the company’s stock valued at $11,500,000 after buying an additional 8,746 shares during the period. 61.04% of the stock is owned by hedge funds and other institutional investors.
Shares of Republic Services Inc. (NYSE:RSG) traded up 0.77% during midday trading on Monday, reaching $49.87. 629,896 shares of the company’s stock traded hands. The stock’s 50 day moving average is $50.57 and its 200-day moving average is $49.55. Republic Services Inc. has a 52 week low of $41.82 and a 52 week high of $52.92. The company has a market capitalization of $17.10 billion, a PE ratio of 23.96 and a beta of 0.54.
Republic Services (NYSE:RSG) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.55 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.55. The business earned $2.35 billion during the quarter, compared to the consensus estimate of $2.38 billion. Republic Services had a return on equity of 9.21% and a net margin of 7.85%. The company’s revenue was up 1.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.54 earnings per share. On average, 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. Stockholders of record on Monday, October 3rd will be issued a $0.32 dividend. This is an increase from Republic Services’s previous quarterly dividend of $0.30. This represents a $1.28 annualized dividend and a dividend yield of 2.59%. The ex-dividend date is Thursday, September 29th. Republic Services’s dividend payout ratio is presently 61.84%.
Several equities analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Republic Services from a “hold” rating to a “buy” rating and set a $57.00 target price for the company in a report on Wednesday, September 28th. Macquarie assumed coverage on shares of Republic Services in a report on Thursday, August 25th. They set a “neutral” rating and a $53.00 target price for the company. Barclays PLC lifted their target price on shares of Republic Services from $52.00 to $56.00 and gave the company an “overweight” rating in a report on Tuesday, August 9th. Finally, Imperial Capital lifted their target price on shares of Republic Services from $52.00 to $58.00 and gave the company an “outperform” rating in a report on Tuesday, August 2nd. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $51.90.
In other news, insider Donald W. Slager sold 26,000 shares of the stock in a transaction that occurred on Monday, October 3rd. The stock was sold at an average price of $50.37, for a total value of $1,309,620.00. Following the completion of the sale, the insider now directly owns 234,397 shares of the company’s stock, valued at $11,806,576.89. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.50% of the stock is owned by insiders.
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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