Great West Life Assurance Co. Can lowered its stake in shares of Republic Services, Inc. (NYSE:RSG) by 3.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 320,442 shares of the business services provider’s stock after selling 10,193 shares during the period. Great West Life Assurance Co. Can owned approximately 0.09% of Republic Services worth $20,400,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Dynamic Capital Management Ltd acquired a new stake in Republic Services during the first quarter worth $1,947,000. Meiji Yasuda Asset Management Co Ltd. raised its stake in Republic Services by 1.4% in the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 47,622 shares of the business services provider’s stock worth $2,991,000 after buying an additional 680 shares in the last quarter. TNB Financial acquired a new stake in Republic Services during the first quarter worth $277,000. Bbva Compass Bancshares Inc. raised its stake in Republic Services by 4.3% in the first quarter. Bbva Compass Bancshares Inc. now owns 30,440 shares of the business services provider’s stock worth $1,912,000 after buying an additional 1,261 shares in the last quarter. Finally, Elkhorn Investments LLC acquired a new stake in Republic Services during the first quarter worth $1,635,000. Hedge funds and other institutional investors own 61.58% of the company’s stock.

Shares of Republic Services, Inc. (NYSE RSG) opened at 64.73 on Friday. The firm has a 50-day moving average of $64.37 and a 200-day moving average of $62.33. The company has a market capitalization of $21.80 billion, a P/E ratio of 33.23 and a beta of 0.58. Republic Services, Inc. has a 12 month low of $49.18 and a 12 month high of $65.54.

Republic Services (NYSE:RSG) last issued its earnings results on Thursday, July 27th. The business services provider reported $0.61 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.02. Republic Services had a net margin of 6.86% and a return on equity of 10.42%. The company had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.47 billion. During the same period in the prior year, the business earned $0.55 EPS. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. On average, equities analysts predict that Republic Services, Inc. will post $2.39 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Monday, October 2nd will be issued a dividend of $0.345 per share. This represents a $1.38 annualized dividend and a yield of 2.13%. This is a boost from Republic Services’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Friday, September 29th. Republic Services’s dividend payout ratio is presently 65.64%.

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A number of research firms recently weighed in on RSG. Credit Suisse Group set a $63.00 target price on shares of Republic Services and gave the stock a “hold” rating in a report on Sunday, April 30th. Zacks Investment Research lowered shares of Republic Services from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. Barclays PLC restated a “hold” rating and issued a $59.00 target price on shares of Republic Services in a report on Friday, April 28th. Stifel Nicolaus restated a “buy” rating and issued a $73.00 target price on shares of Republic Services in a report on Wednesday, July 19th. Finally, BMO Capital Markets upped their target price on shares of Republic Services from $71.00 to $72.00 and gave the stock an “outperform” rating in a report on Friday, July 28th. Eight equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $69.78.

Republic Services Company Profile

Republic Services, Inc is a provider of non-hazardous solid waste collection, transfer, disposal, recycling and energy services. The Company’s segments include Group 1, Group 2 and Corporate entities. Its Group 1 and Group 2 segments provide integrated waste management services. Group 1 consists of geographic areas located in the western and portions of the mid-western United States.

Institutional Ownership by Quarter for Republic Services (NYSE:RSG)

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