Stifel Financial Corp boosted its holdings in Republic Services, Inc. (NYSE:RSG) by 2.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 108,961 shares of the business services provider’s stock after buying an additional 2,704 shares during the quarter. Stifel Financial Corp’s holdings in Republic Services were worth $7,205,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of RSG. BlackRock Inc. boosted its stake in Republic Services by 6.4% in the 2nd quarter. BlackRock Inc. now owns 20,282,248 shares of the business services provider’s stock worth $1,292,589,000 after purchasing an additional 1,223,613 shares during the period. Vanguard Group Inc. boosted its stake in Republic Services by 2.2% in the 2nd quarter. Vanguard Group Inc. now owns 19,214,975 shares of the business services provider’s stock worth $1,224,571,000 after purchasing an additional 418,797 shares during the period. JPMorgan Chase & Co. boosted its stake in Republic Services by 0.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,833,445 shares of the business services provider’s stock worth $453,398,000 after purchasing an additional 23,456 shares during the period. Wells Fargo & Company MN boosted its stake in Republic Services by 2.2% in the 3rd quarter. Wells Fargo & Company MN now owns 5,201,905 shares of the business services provider’s stock worth $343,639,000 after purchasing an additional 114,211 shares during the period. Finally, Janus Henderson Group PLC boosted its stake in Republic Services by 13,584.4% in the 2nd quarter. Janus Henderson Group PLC now owns 3,744,875 shares of the business services provider’s stock worth $238,663,000 after purchasing an additional 3,717,509 shares during the period. Hedge funds and other institutional investors own 60.01% of the company’s stock.

A number of equities analysts recently commented on RSG shares. BMO Capital Markets reaffirmed a “buy” rating and issued a $72.00 price objective on shares of Republic Services in a research note on Friday, October 13th. Bank of America decreased their price objective on shares of Republic Services from $72.00 to $70.00 and set a “buy” rating for the company in a research note on Thursday, October 5th. Zacks Investment Research raised shares of Republic Services from a “sell” rating to a “hold” rating in a research note on Friday, November 3rd. Oppenheimer reaffirmed a “hold” rating on shares of Republic Services in a research note on Friday, August 25th. Finally, KeyCorp reissued a “hold” rating on shares of Republic Services in a research note on Thursday, August 24th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $67.71.

Shares of Republic Services, Inc. (RSG) traded up $0.34 during trading hours on Thursday, hitting $65.14. 1,475,700 shares of the company’s stock were exchanged, compared to its average volume of 1,142,642. The firm has a market cap of $21,656.08, a price-to-earnings ratio of 27.00, a P/E/G ratio of 3.19 and a beta of 0.60. Republic Services, Inc. has a 52 week low of $56.17 and a 52 week high of $67.18. The company has a quick ratio of 0.51, a current ratio of 0.54 and a debt-to-equity ratio of 0.93.

Republic Services (NYSE:RSG) last issued its earnings results on Thursday, November 2nd. The business services provider reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.04. The company had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.54 billion. Republic Services had a net margin of 8.15% and a return on equity of 10.58%. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter last year, the business posted $0.62 EPS. sell-side analysts expect that Republic Services, Inc. will post 2.4 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Tuesday, January 2nd will be paid a dividend of $0.345 per share. This represents a $1.38 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date is Friday, December 29th. Republic Services’s dividend payout ratio (DPR) is currently 58.47%.

Republic Services declared that its board has authorized a share repurchase plan on Thursday, November 2nd that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the business services provider to reacquire shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s management believes its shares are undervalued.

In other news, EVP Catharine D. Ellingsen sold 14,250 shares of the firm’s stock in a transaction on Friday, September 29th. The shares were sold at an average price of $66.02, for a total transaction of $940,785.00. Following the transaction, the executive vice president now owns 8,007 shares in the company, valued at approximately $528,622.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Donald W. Slager sold 32,421 shares of the firm’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $64.00, for a total transaction of $2,074,944.00. The disclosure for this sale can be found here. Insiders have sold a total of 167,411 shares of company stock valued at $10,808,080 in the last three months. Company insiders own 0.40% of the company’s stock.

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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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