Segall Bryant & Hamill LLC Reduces Position in Republic Services, Inc. $RSG

Segall Bryant & Hamill LLC decreased its holdings in Republic Services, Inc. (NYSE:RSG) by 28.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 17,723 shares of the business services provider’s stock after selling 7,100 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Republic Services were worth $3,882,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Laurel Wealth Advisors LLC purchased a new stake in Republic Services during the 4th quarter worth approximately $25,000. Wealth Watch Advisors INC purchased a new position in shares of Republic Services during the 3rd quarter valued at approximately $26,000. Prosperity Bancshares Inc acquired a new stake in shares of Republic Services during the fourth quarter worth approximately $30,000. Sound Income Strategies LLC bought a new stake in shares of Republic Services in the fourth quarter worth $32,000. Finally, Hilton Head Capital Partners LLC acquired a new stake in Republic Services in the fourth quarter valued at $32,000. Institutional investors and hedge funds own 57.73% of the company’s stock.

Insider Buying and Selling at Republic Services

In other news, major shareholder Cascade Investment, L.L.C. purchased 60,700 shares of the stock in a transaction dated Monday, May 18th. The stock was acquired at an average price of $213.31 per share, for a total transaction of $12,947,917.00. Following the completion of the transaction, the insider owned 110,803,982 shares of the company’s stock, valued at approximately $23,635,597,400.42. The trade was a 0.05% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Sandra M. Volpe sold 1,800 shares of the stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $211.28, for a total transaction of $380,304.00. Following the completion of the sale, the director directly owned 58 shares in the company, valued at approximately $12,254.24. This trade represents a 96.88% decrease in their position. The SEC filing for this sale provides additional information. Insiders acquired 987,150 shares of company stock worth $202,366,682 over the last ninety days. 0.12% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating and set a $249.00 price target on shares of Republic Services in a research report on Friday, May 8th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Republic Services in a research report on Friday, July 24th. Argus downgraded Republic Services from a “buy” rating to a “hold” rating in a report on Monday, May 11th. UBS Group dropped their price target on Republic Services from $240.00 to $223.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 12th. Finally, Citigroup lifted their price objective on shares of Republic Services from $247.00 to $259.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Eleven research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $243.89.

Republic Services Stock Performance

Shares of NYSE RSG opened at $209.43 on Tuesday. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 1.11. The firm’s 50-day moving average price is $212.59 and its two-hundred day moving average price is $215.01. Republic Services, Inc. has a 52-week low of $196.41 and a 52-week high of $238.62. The stock has a market capitalization of $64.43 billion, a P/E ratio of 30.05, a P/E/G ratio of 3.52 and a beta of 0.40.

Republic Services (NYSE:RSG) last posted its earnings results on Friday, May 8th. The business services provider reported $1.70 EPS for the quarter, beating the consensus estimate of $1.64 by $0.06. The company had revenue of $4.11 billion during the quarter, compared to analyst estimates of $4.10 billion. Republic Services had a return on equity of 18.57% and a net margin of 13.00%.The business’s revenue was up 2.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.58 earnings per share. As a group, sell-side analysts forecast that Republic Services, Inc. will post 7.29 earnings per share for the current year.

Republic Services Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Friday, October 2nd will be paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Friday, October 2nd. This is an increase from Republic Services’s previous quarterly dividend of $0.62. Republic Services’s dividend payout ratio (DPR) is currently 35.87%.

About Republic Services

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.