Hartford Investment Management Co. lessened its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 4.3% in the third quarter, according to its most recent filing with the SEC. The firm owned 38,527 shares of the business services provider’s stock after selling 1,721 shares during the period. Hartford Investment Management Co.’s holdings in Republic Services were worth $2,799,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. First Hawaiian Bank acquired a new position in shares of Republic Services in the 3rd quarter valued at $119,000. Braun Bostich & Associates Inc. lifted its position in Republic Services by 531.6% in the 2nd quarter. Braun Bostich & Associates Inc. now owns 1,819 shares of the business services provider’s stock valued at $124,000 after acquiring an additional 1,531 shares in the last quarter. Qube Research & Technologies Ltd lifted its position in Republic Services by 57.1% in the 2nd quarter. Qube Research & Technologies Ltd now owns 1,936 shares of the business services provider’s stock valued at $132,000 after acquiring an additional 704 shares in the last quarter. Piedmont Investment Advisors LLC bought a new stake in Republic Services in the 2nd quarter valued at $178,000. Finally, Cerebellum GP LLC bought a new stake in Republic Services in the 3rd quarter valued at $186,000. 60.19% of the stock is owned by hedge funds and other institutional investors.

In other news, Director Jennifer M. Kirk bought 1,500 shares of the company’s stock in a transaction dated Wednesday, October 31st. The shares were bought at an average cost of $72.35 per share, with a total value of $108,525.00. Following the acquisition, the director now owns 1,500 shares in the company, valued at $108,525. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.30% of the stock is currently owned by corporate insiders.

Several equities research analysts recently commented on the stock. BMO Capital Markets boosted their price objective on shares of Republic Services from $75.00 to $79.00 and gave the company a “positive” rating in a research report on Thursday, August 16th. Stifel Nicolaus boosted their price objective on shares of Republic Services from $73.00 to $78.00 and gave the company a “buy” rating in a research report on Monday, September 10th. Zacks Investment Research raised shares of Republic Services from a “sell” rating to a “hold” rating in a research report on Wednesday, August 1st. Bank of America cut shares of Republic Services from a “buy” rating to a “neutral” rating and set a $74.00 price objective on the stock. in a research report on Wednesday, October 24th. Finally, ValuEngine raised shares of Republic Services from a “hold” rating to a “buy” rating in a research report on Thursday, August 2nd. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $73.71.

Shares of NYSE:RSG opened at $75.64 on Monday. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.95. Republic Services, Inc. has a one year low of $60.26 and a one year high of $76.15. The stock has a market cap of $24.55 billion, a price-to-earnings ratio of 31.13, a price-to-earnings-growth ratio of 2.30 and a beta of 0.54.

Republic Services (NYSE:RSG) last issued its earnings results on Thursday, October 25th. The business services provider reported $0.82 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.81 by $0.01. The company had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.56 billion. Republic Services had a net margin of 13.90% and a return on equity of 12.11%. As a group, equities analysts forecast that Republic Services, Inc. will post 3.06 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Wednesday, January 2nd will be issued a $0.375 dividend. The ex-dividend date of this dividend is Monday, December 31st. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.98%. Republic Services’s payout ratio is 61.73%.

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Republic Services Profile

Republic Services, Inc, together with its subsidiaries, provides non-hazardous solid waste collection, transfer, recycling, disposal, and energy services for small-container, large-container, municipal and residential, and energy services customers in the United States and Puerto Rico. The company's collection services include curbside collection of waste for transport to transfer stations; supply of waste containers; and renting of compactors.

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

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