Republic Services, Inc. (RSG) Holdings Trimmed by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. trimmed its position in Republic Services, Inc. (NYSE:RSG) by 2.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 79,969 shares of the business services provider’s stock after selling 1,776 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Republic Services were worth $5,097,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. BlackRock Inc. boosted its stake in Republic Services by 6.4% in the second quarter. BlackRock Inc. now owns 20,282,248 shares of the business services provider’s stock valued at $1,292,589,000 after acquiring an additional 1,223,613 shares in the last quarter. Vanguard Group Inc. boosted its stake in Republic Services by 2.2% in the second quarter. Vanguard Group Inc. now owns 19,214,975 shares of the business services provider’s stock valued at $1,224,571,000 after acquiring an additional 418,797 shares in the last quarter. State Street Corp boosted its stake in Republic Services by 4.5% in the first quarter. State Street Corp now owns 11,649,668 shares of the business services provider’s stock valued at $731,866,000 after acquiring an additional 501,491 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Republic Services by 6.0% in the second quarter. JPMorgan Chase & Co. now owns 6,809,989 shares of the business services provider’s stock valued at $434,002,000 after acquiring an additional 388,147 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its stake in Republic Services by 8.3% in the second quarter. Wells Fargo & Company MN now owns 5,087,694 shares of the business services provider’s stock valued at $324,239,000 after acquiring an additional 391,482 shares in the last quarter. Institutional investors own 60.56% of the company’s stock.

RSG has been the subject of several recent analyst reports. BMO Capital Markets initiated coverage on shares of Republic Services in a research note on Thursday, June 29th. They issued an “outperform” rating and a $71.00 target price for the company. Zacks Investment Research downgraded shares of Republic Services from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Stifel Nicolaus reiterated a “buy” rating and set a $73.00 price objective on shares of Republic Services in a research note on Wednesday, July 19th. Barclays PLC reiterated a “neutral” rating on shares of Republic Services in a research note on Friday, July 28th. Finally, Credit Suisse Group set a $69.00 price objective on shares of Republic Services and gave the stock a “hold” rating in a research note on Saturday, July 29th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $71.33.

ILLEGAL ACTIVITY WARNING: “Republic Services, Inc. (RSG) Holdings Trimmed by Raymond James Financial Services Advisors Inc.” was originally posted by Ticker Report and is the sole property of of Ticker Report. If you are accessing this story on another domain, it was illegally copied and republished in violation of US & international copyright & trademark legislation. The legal version of this story can be accessed at https://www.tickerreport.com/banking-finance/2957423/republic-services-inc-rsg-holdings-trimmed-by-raymond-james-financial-services-advisors-inc.html.

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 value of $940,785.00. Following the completion of the sale, the executive vice president now owns 8,007 shares in the company, valued at approximately $528,622.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Donald W. Slager sold 22,608 shares of the firm’s stock in a transaction on Friday, September 29th. The stock was sold at an average price of $66.05, for a total transaction of $1,493,258.40. Following the completion of the sale, the insider now owns 246,617 shares of the company’s stock, valued at approximately $16,289,052.85. The disclosure for this sale can be found here. In the last quarter, insiders have sold 43,187 shares of company stock valued at $2,854,922. 0.40% of the stock is owned by company insiders.

Republic Services, Inc. (RSG) traded down 0.33% on Friday, reaching $63.46. 127,909 shares of the company were exchanged. Republic Services, Inc. has a 52 week low of $49.44 and a 52 week high of $67.18. The stock has a 50-day moving average price of $65.36 and a 200 day moving average price of $64.10. The stock has a market capitalization of $21.37 billion, a price-to-earnings ratio of 32.58 and a beta of 0.60.

Republic Services (NYSE:RSG) last issued its quarterly earnings results on Thursday, July 27th. The business services provider reported $0.61 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.02. The firm had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.47 billion. Republic Services had a net margin of 6.86% and a return on equity of 10.42%. Republic Services’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.55 EPS. Analysts forecast that Republic Services, Inc. will post $2.39 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Monday, October 2nd will be paid a dividend of $0.345 per share. The ex-dividend date is Friday, September 29th. This represents a $1.38 dividend on an annualized basis and a yield of 2.17%. This is a boost from Republic Services’s previous quarterly dividend of $0.32. Republic Services’s dividend payout ratio is currently 70.77%.

About Republic Services

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.

Want to see what other hedge funds are holding RSG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Republic Services, Inc. (NYSE:RSG).

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

Receive News & Ratings for Republic Services Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Republic Services Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.