Northern Trust Corp decreased its stake in Republic Services, Inc. (NYSE:RSG) by 2.0% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,197,409 shares of the business services provider’s stock after selling 64,811 shares during the quarter. Northern Trust Corp owned 0.95% of Republic Services worth $203,772,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the stock. Citigroup Inc. boosted its position in shares of Republic Services by 80.5% in the 2nd quarter. Citigroup Inc. now owns 119,854 shares of the business services provider’s stock valued at $7,638,000 after purchasing an additional 53,452 shares during the period. GSA Capital Partners LLP boosted its position in shares of Republic Services by 152.4% in the 2nd quarter. GSA Capital Partners LLP now owns 16,741 shares of the business services provider’s stock valued at $1,067,000 after purchasing an additional 10,109 shares during the period. Quantitative Investment Management LLC boosted its position in shares of Republic Services by 19.8% in the 2nd quarter. Quantitative Investment Management LLC now owns 172,200 shares of the business services provider’s stock valued at $10,974,000 after purchasing an additional 28,500 shares during the period. Lazard Asset Management LLC boosted its position in shares of Republic Services by 8.4% in the 2nd quarter. Lazard Asset Management LLC now owns 193,621 shares of the business services provider’s stock valued at $12,338,000 after purchasing an additional 14,974 shares during the period. Finally, Mutual of America Capital Management LLC boosted its position in shares of Republic Services by 2.3% in the 2nd quarter. Mutual of America Capital Management LLC now owns 28,087 shares of the business services provider’s stock valued at $1,790,000 after purchasing an additional 629 shares during the period. Institutional investors and hedge funds own 60.57% of the company’s stock.

In other Republic Services news, EVP Jeffrey A. Hughes sold 6,329 shares of the business’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $66.50, for a total value of $420,878.50. Following the completion of the transaction, the executive vice president now directly owns 428 shares of the company’s stock, valued at $28,462. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.40% of the stock is currently owned by insiders.

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Shares of Republic Services, Inc. (NYSE:RSG) opened at 66.26 on Friday. The firm’s 50-day moving average price is $64.99 and its 200-day moving average price is $63.81. Republic Services, Inc. has a 12 month low of $49.18 and a 12 month high of $66.98. The firm has a market capitalization of $22.31 billion, a price-to-earnings ratio of 34.01 and a beta of 0.60.

Republic Services (NYSE:RSG) last posted its earnings results on Thursday, July 27th. The business services provider reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.02. Republic Services had a return on equity of 10.42% and a net margin of 6.86%. The firm had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.47 billion. During the same period in the previous year, the firm earned $0.55 earnings per share. The company’s revenue was up 7.5% on a year-over-year basis. On average, equities analysts anticipate 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 paid a $0.345 dividend. This represents a $1.38 dividend on an annualized basis and a yield of 2.08%. This is a boost from Republic Services’s previous quarterly dividend of $0.32. The ex-dividend date is Friday, September 29th. Republic Services’s payout ratio is presently 65.64%.

A number of research firms recently weighed in on RSG. Zacks Investment Research lowered Republic Services from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. Royal Bank Of Canada restated an “outperform” rating on shares of Republic Services in a research report on Thursday, September 7th. Stifel Nicolaus restated a “buy” rating and set a $73.00 price objective on shares of Republic Services in a research report on Wednesday, July 19th. BMO Capital Markets raised their price objective on Republic Services from $71.00 to $72.00 and gave the stock an “outperform” rating in a research report on Friday, July 28th. Finally, BidaskClub lowered Republic Services from a “hold” rating to a “sell” rating in a research report on Thursday, August 17th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $71.88.

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.

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

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