Oppenheimer & Co. Inc. Has $934,000 Position in Republic Services, Inc. (NYSE:RSG)

Oppenheimer & Co. Inc. lowered its stake in shares of Republic Services, Inc. (NYSE:RSGGet Rating) by 11.2% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,138 shares of the business services provider’s stock after selling 901 shares during the period. Oppenheimer & Co. Inc.’s holdings in Republic Services were worth $934,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. BlackRock Inc. lifted its stake in shares of Republic Services by 2.1% in the 1st quarter. BlackRock Inc. now owns 21,085,318 shares of the business services provider’s stock valued at $2,793,803,000 after purchasing an additional 427,719 shares during the last quarter. Vanguard Group Inc. raised its holdings in Republic Services by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 17,800,921 shares of the business services provider’s stock worth $2,358,621,000 after acquiring an additional 168,696 shares during the period. Dimensional Fund Advisors LP raised its holdings in Republic Services by 0.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,952,101 shares of the business services provider’s stock worth $523,720,000 after acquiring an additional 22,003 shares during the period. Invesco Ltd. raised its holdings in Republic Services by 18.4% in the 1st quarter. Invesco Ltd. now owns 2,723,076 shares of the business services provider’s stock worth $360,808,000 after acquiring an additional 422,281 shares during the period. Finally, Victory Capital Management Inc. raised its holdings in Republic Services by 15.6% in the 1st quarter. Victory Capital Management Inc. now owns 2,192,860 shares of the business services provider’s stock worth $291,079,000 after acquiring an additional 295,152 shares during the period. Institutional investors and hedge funds own 58.01% of the company’s stock.

Analyst Upgrades and Downgrades

RSG has been the topic of several recent analyst reports. StockNews.com upgraded shares of Republic Services from a “buy” rating to a “strong-buy” rating in a report on Monday. Jefferies Financial Group reiterated a “buy” rating and issued a $165.00 target price on shares of Republic Services in a report on Tuesday, October 25th. Raymond James dropped their price objective on shares of Republic Services from $148.00 to $147.00 and set an “outperform” rating on the stock in a report on Monday, October 31st. Morgan Stanley dropped their price objective on shares of Republic Services from $162.00 to $150.00 and set an “overweight” rating on the stock in a report on Friday, October 28th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Republic Services from $147.00 to $158.00 in a report on Tuesday, August 9th. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Republic Services presently has a consensus rating of “Moderate Buy” and a consensus target price of $151.00.

Republic Services Stock Performance

NYSE RSG opened at $129.98 on Tuesday. The stock has a market cap of $41.07 billion, a P/E ratio of 28.38, a PEG ratio of 2.40 and a beta of 0.66. The company’s 50-day simple moving average is $136.80 and its 200 day simple moving average is $135.08. Republic Services, Inc. has a twelve month low of $113.57 and a twelve month high of $149.17. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 1.18.

Republic Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 13th. Investors of record on Tuesday, January 3rd will be paid a $0.495 dividend. The ex-dividend date is Friday, December 30th. This represents a $1.98 dividend on an annualized basis and a yield of 1.52%. Republic Services’s payout ratio is currently 43.23%.

Republic Services Profile

(Get Rating)

Republic Services, Inc, together with its subsidiaries, offers environmental services in the United States. The company offers collection and processing of recyclable materials, collection, transfer and disposal of non-hazardous solid waste, and other environmental solutions. Its collection services include curbside collection of material for transport to transfer stations, landfills, or recycling processing centers; supply of recycling and waste containers; and renting of compactors.

Further Reading

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

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