Kestra Advisory Services LLC Increases Stock Position in Republic Services, Inc. (NYSE:RSG)

Kestra Advisory Services LLC raised its position in Republic Services, Inc. (NYSE:RSGGet Rating) by 100.7% in the third quarter, Holdings Channel reports. The institutional investor owned 8,453 shares of the business services provider’s stock after purchasing an additional 4,241 shares during the period. Kestra Advisory Services LLC’s holdings in Republic Services were worth $1,150,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Sentry Investment Management LLC raised its holdings in Republic Services by 24.1% in the 3rd quarter. Sentry Investment Management LLC now owns 1,801 shares of the business services provider’s stock worth $245,000 after purchasing an additional 350 shares during the period. Park Avenue Securities LLC lifted its stake in Republic Services by 4.6% in the 3rd quarter. Park Avenue Securities LLC now owns 6,546 shares of the business services provider’s stock valued at $891,000 after buying an additional 286 shares in the last quarter. Assetmark Inc. boosted its stake in shares of Republic Services by 24.6% in the third quarter. Assetmark Inc. now owns 7,148 shares of the business services provider’s stock worth $972,000 after acquiring an additional 1,409 shares during the last quarter. Pacific Global Investment Management Co. grew its holdings in shares of Republic Services by 13.7% during the third quarter. Pacific Global Investment Management Co. now owns 1,825 shares of the business services provider’s stock worth $248,000 after buying an additional 220 shares in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its holdings in Republic Services by 4.3% in the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 136,906 shares of the business services provider’s stock valued at $18,625,000 after acquiring an additional 5,671 shares during the last quarter. 57.14% of the stock is owned by hedge funds and other institutional investors.

Republic Services Stock Performance

Shares of RSG opened at $123.21 on Wednesday. The company’s 50 day simple moving average is $131.20 and its 200-day simple moving average is $135.45. The firm has a market cap of $38.93 billion, a PE ratio of 26.90, a price-to-earnings-growth ratio of 2.14 and a beta of 0.68. Republic Services, Inc. has a 12-month low of $113.57 and a 12-month high of $149.17. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 1.18.

Republic Services (NYSE:RSGGet Rating) last issued its quarterly earnings data on Thursday, October 27th. The business services provider reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.13. Republic Services had a net margin of 11.24% and a return on equity of 16.69%. The company had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.53 billion. As a group, equities analysts predict that Republic Services, Inc. will post 4.82 EPS for the current year.

Republic Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 13th. Stockholders of record on Tuesday, January 3rd were issued a $0.495 dividend. This represents a $1.98 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date was Friday, December 30th. Republic Services’s payout ratio is currently 43.23%.

Analyst Ratings Changes

RSG has been the topic of several recent analyst reports. UBS Group lowered shares of Republic Services from a “buy” rating to a “neutral” rating in a report on Tuesday, January 10th. StockNews.com cut Republic Services from a “strong-buy” rating to a “buy” rating in a research note on Thursday, December 8th. Jefferies Financial Group reiterated a “buy” rating and set a $165.00 price target on shares of Republic Services in a report on Tuesday, October 25th. Oppenheimer reduced their price objective on shares of Republic Services to $148.00 in a report on Tuesday, November 1st. Finally, Morgan Stanley dropped their target price on Republic Services from $150.00 to $144.00 and set an “overweight” rating on the stock in a report on Wednesday, January 4th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $149.88.

Republic Services Company 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.

See Also

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

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