Republic Services, Inc. $RSG Stock Holdings Increased by Osaic Holdings Inc.

Osaic Holdings Inc. increased its stake in shares of Republic Services, Inc. (NYSE:RSG) by 49.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 48,268 shares of the business services provider’s stock after purchasing an additional 16,074 shares during the quarter. Osaic Holdings Inc.’s holdings in Republic Services were worth $11,904,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Republic Services by 1.6% in the second quarter. Vanguard Group Inc. now owns 19,057,995 shares of the business services provider’s stock worth $4,699,892,000 after acquiring an additional 296,719 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in Republic Services by 0.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 5,335,515 shares of the business services provider’s stock valued at $1,292,050,000 after purchasing an additional 17,711 shares in the last quarter. Geode Capital Management LLC increased its position in Republic Services by 3.1% in the 2nd quarter. Geode Capital Management LLC now owns 4,821,387 shares of the business services provider’s stock worth $1,187,328,000 after purchasing an additional 144,003 shares during the last quarter. Norges Bank acquired a new stake in shares of Republic Services during the 2nd quarter valued at about $690,313,000. Finally, Franklin Resources Inc. grew its stake in shares of Republic Services by 10.1% in the 2nd quarter. Franklin Resources Inc. now owns 2,379,682 shares of the business services provider’s stock valued at $586,854,000 after buying an additional 218,114 shares in the last quarter. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on RSG. Oppenheimer set a $256.00 target price on shares of Republic Services in a research note on Friday, October 31st. Raymond James Financial restated an “outperform” rating and set a $240.00 price target on shares of Republic Services in a report on Friday, October 31st. Wells Fargo & Company assumed coverage on shares of Republic Services in a report on Thursday, November 13th. They issued an “overweight” rating and a $238.00 price objective for the company. Robert W. Baird set a $240.00 target price on Republic Services in a report on Friday, October 31st. Finally, National Bankshares reduced their price target on Republic Services from $270.00 to $241.00 and set a “sector perform” rating for the company in a research report on Tuesday, October 7th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $251.10.

Republic Services Stock Down 0.2%

RSG stock opened at $212.97 on Friday. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.58 and a quick ratio of 0.58. The company has a 50-day moving average of $214.12 and a two-hundred day moving average of $228.99. The stock has a market capitalization of $65.93 billion, a price-to-earnings ratio of 31.69, a price-to-earnings-growth ratio of 3.42 and a beta of 0.54. Republic Services, Inc. has a 52-week low of $199.43 and a 52-week high of $258.75.

Republic Services (NYSE:RSG) last posted its quarterly earnings data on Friday, October 31st. The business services provider reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.12. The business had revenue of $4.21 billion during the quarter, compared to analysts’ expectations of $4.25 billion. Republic Services had a return on equity of 18.24% and a net margin of 12.77%.The firm’s revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.81 EPS. As a group, equities research analysts anticipate that Republic Services, Inc. will post 6.86 EPS for the current year.

Republic Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Friday, January 2nd will be paid a $0.625 dividend. The ex-dividend date is Friday, January 2nd. This represents a $2.50 annualized dividend and a dividend yield of 1.2%. Republic Services’s dividend payout ratio (DPR) is presently 37.20%.

Insider Transactions at Republic Services

In related news, Director Katharine Weymouth bought 478 shares of the business’s stock in a transaction that occurred on Tuesday, December 9th. The stock was purchased at an average cost of $209.46 per share, for a total transaction of $100,121.88. Following the purchase, the director directly owned 5,740 shares in the company, valued at $1,202,300.40. This trade represents a 9.08% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.11% of the company’s stock.

Republic Services Company Profile

Republic Services, Inc is a leading provider of non-hazardous solid waste and recycling services in the United States. The company offers a broad range of waste management solutions to residential, commercial, industrial and municipal customers, positioning itself as a full-service partner for everyday waste collection as well as specialized disposal needs.

Republic’s core operations include curbside and commercial collection, transfer and hauling, materials recovery and recycling facilities, and landfill disposal.