Republic Services, Inc. (RSG) Holdings Increased by Cornerstone Capital Management Holdings LLC.

Cornerstone Capital Management Holdings LLC. boosted its position in Republic Services, Inc. (NYSE:RSG) by 7.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,731 shares of the business services provider’s stock after purchasing an additional 2,926 shares during the quarter. Cornerstone Capital Management Holdings LLC.’s holdings in Republic Services were worth $2,888,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Advisor Partners LLC raised its position in shares of Republic Services by 10.2% during the 4th quarter. Advisor Partners LLC now owns 8,235 shares of the business services provider’s stock valued at $562,000 after buying an additional 760 shares in the last quarter. Raymond James Trust N.A. raised its position in shares of Republic Services by 18.7% during the 4th quarter. Raymond James Trust N.A. now owns 5,336 shares of the business services provider’s stock valued at $361,000 after buying an additional 842 shares in the last quarter. Candriam Luxembourg S.C.A. raised its position in shares of Republic Services by 2.3% during the 4th quarter. Candriam Luxembourg S.C.A. now owns 37,689 shares of the business services provider’s stock valued at $2,548,000 after buying an additional 852 shares in the last quarter. Oppenheimer Asset Management Inc. raised its position in shares of Republic Services by 3.7% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 24,071 shares of the business services provider’s stock valued at $1,590,000 after buying an additional 854 shares in the last quarter. Finally, Johnson Financial Group Inc. raised its position in shares of Republic Services by 6.2% during the 4th quarter. Johnson Financial Group Inc. now owns 15,365 shares of the business services provider’s stock valued at $1,039,000 after buying an additional 897 shares in the last quarter. Institutional investors and hedge funds own 61.06% of the company’s stock.

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Republic Services, Inc. (NYSE:RSG) opened at $65.44 on Monday. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.94. Republic Services, Inc. has a twelve month low of $60.26 and a twelve month high of $69.40. The company has a market cap of $21,674.64, a price-to-earnings ratio of 17.27, a P/E/G ratio of 2.08 and a beta of 0.55.

Republic Services (NYSE:RSG) last released its earnings results on Thursday, February 8th. The business services provider reported $0.61 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.04. Republic Services had a net margin of 12.73% and a return on equity of 10.61%. The company had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same quarter last year, the firm earned $0.57 EPS. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. research analysts forecast that Republic Services, Inc. will post 3.08 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Monday, April 2nd will be issued a dividend of $0.345 per share. This represents a $1.38 annualized dividend and a dividend yield of 2.11%. The ex-dividend date is Thursday, March 29th. Republic Services’s dividend payout ratio is currently 36.41%.

In related news, COO Ark Jon Vander sold 9,236 shares of the stock in a transaction on Wednesday, March 21st. The shares were sold at an average price of $68.45, for a total transaction of $632,204.20. Following the transaction, the chief operating officer now owns 12,011 shares of the company’s stock, valued at approximately $822,152.95. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Brian A. Goebel sold 2,000 shares of the stock in a transaction on Thursday, January 4th. The shares were sold at an average price of $67.88, for a total transaction of $135,760.00. Following the transaction, the chief accounting officer now directly owns 6,696 shares in the company, valued at approximately $454,524.48. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 32,364 shares of company stock worth $2,186,101. 0.40% of the stock is owned by insiders.

Several research firms have recently weighed in on RSG. Stifel Nicolaus upgraded shares of Republic Services from a “hold” rating to a “buy” rating and raised their price objective for the company from $70.00 to $73.00 in a research report on Thursday, January 4th. Zacks Investment Research cut shares of Republic Services from a “buy” rating to a “hold” rating in a research report on Thursday, February 1st. BMO Capital Markets lowered their price objective on shares of Republic Services from $74.00 to $70.00 and set an “outperform” rating on the stock in a research report on Friday, February 9th. UBS began coverage on shares of Republic Services in a research report on Wednesday, March 14th. They set a “buy” rating and a $78.00 price objective on the stock. Finally, Credit Suisse Group lowered their price objective on shares of Republic Services from $67.00 to $64.00 and set a “neutral” rating on the stock in a research report on Monday, February 12th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $69.75.

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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.

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

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