Quantinno Capital Management LP Increases Stock Holdings in Republic Services, Inc. $RSG

Quantinno Capital Management LP raised its position in Republic Services, Inc. (NYSE:RSG) by 66.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 176,272 shares of the business services provider’s stock after acquiring an additional 70,549 shares during the quarter. Quantinno Capital Management LP’s holdings in Republic Services were worth $38,607,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Wealth Watch Advisors INC acquired a new position in shares of Republic Services in the third quarter valued at approximately $26,000. Laurel Wealth Advisors LLC acquired a new stake in Republic Services during the 4th quarter worth approximately $25,000. Prosperity Bancshares Inc purchased a new position in Republic Services in the 4th quarter valued at approximately $30,000. Sound Income Strategies LLC acquired a new position in shares of Republic Services in the fourth quarter worth $32,000. Finally, Hilton Head Capital Partners LLC purchased a new stake in shares of Republic Services during the fourth quarter worth $32,000. 57.73% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Republic Services

In related news, major shareholder Cascade Investment, L.L.C. acquired 60,700 shares of the business’s stock in a transaction on Monday, May 18th. The shares were bought at an average price of $213.31 per share, with a total value of $12,947,917.00. Following the completion of the acquisition, the insider owned 110,803,982 shares in the company, valued at $23,635,597,400.42. This trade represents a 0.05% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Sandra M. Volpe sold 1,800 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $211.28, for a total transaction of $380,304.00. Following the sale, the director owned 58 shares of the company’s stock, valued at $12,254.24. This represents a 96.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have purchased 987,150 shares of company stock valued at $202,366,682. 0.12% of the stock is owned by company insiders.

Republic Services Stock Performance

Shares of RSG stock opened at $211.32 on Friday. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 1.11. The firm has a fifty day moving average price of $212.54 and a 200 day moving average price of $215.01. The company has a market cap of $65.01 billion, a P/E ratio of 30.32, a PEG ratio of 3.66 and a beta of 0.40. Republic Services, Inc. has a 12 month low of $196.41 and a 12 month high of $238.62.

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

Republic Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Thursday, July 2nd were given a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Thursday, July 2nd. Republic Services’s dividend payout ratio (DPR) is 35.87%.

Analyst Upgrades and Downgrades

RSG has been the subject of a number of recent research reports. Robert W. Baird decreased their target price on Republic Services from $242.00 to $240.00 and set a “neutral” rating for the company in a report on Thursday, April 16th. UBS Group cut their price target on Republic Services from $240.00 to $223.00 and set a “neutral” rating on the stock in a report on Tuesday, May 12th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Republic Services in a research note on Friday, July 24th. Royal Bank Of Canada boosted their price objective on Republic Services from $265.00 to $267.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. Finally, JPMorgan Chase & Co. upped their target price on shares of Republic Services from $233.00 to $245.00 and gave the stock a “neutral” rating in a research note on Friday, April 10th. Eleven investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat, Republic Services has an average rating of “Moderate Buy” and a consensus target price of $243.89.

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.