Republic Services, Inc. $RSG Shares Bought by Advisors Asset Management Inc.

Advisors Asset Management Inc. grew its holdings in Republic Services, Inc. (NYSE:RSG) by 1.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 42,517 shares of the business services provider’s stock after purchasing an additional 533 shares during the period. Advisors Asset Management Inc.’s holdings in Republic Services were worth $10,485,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of RSG. Cranbrook Wealth Management LLC boosted its position in shares of Republic Services by 1,222.2% during the 2nd quarter. Cranbrook Wealth Management LLC now owns 119 shares of the business services provider’s stock worth $29,000 after acquiring an additional 110 shares in the last quarter. TCTC Holdings LLC lifted its stake in Republic Services by 113.8% during the first quarter. TCTC Holdings LLC now owns 124 shares of the business services provider’s stock worth $30,000 after purchasing an additional 66 shares during the last quarter. Elequin Capital LP acquired a new position in Republic Services in the first quarter valued at approximately $30,000. NewSquare Capital LLC increased its stake in Republic Services by 68.5% in the second quarter. NewSquare Capital LLC now owns 123 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 50 shares during the last quarter. Finally, Foster Dykema Cabot & Partners LLC acquired a new stake in Republic Services during the second quarter worth approximately $33,000. 57.73% of the stock is owned by institutional investors and hedge funds.

Republic Services Price Performance

Shares of NYSE:RSG opened at $217.12 on Wednesday. The firm has a market capitalization of $67.21 billion, a price-to-earnings ratio of 32.12, a price-to-earnings-growth ratio of 3.40 and a beta of 0.57. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.66 and a quick ratio of 0.66. The business’s 50 day simple moving average is $218.46 and its 200-day simple moving average is $233.28. Republic Services, Inc. has a 12 month low of $199.43 and a 12 month high of $258.75.

Republic Services (NYSE:RSG) last announced its earnings results on Friday, October 31st. The business services provider reported $1.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.78 by $0.12. Republic Services had a net margin of 12.97% and a return on equity of 18.27%. The company had revenue of $4.21 billion during the quarter, compared to analysts’ expectations of $4.25 billion. During the same quarter in the previous year, the business posted $1.81 earnings per share. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. As a group, equities analysts forecast that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.

Republic Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Friday, January 2nd will be given a $0.625 dividend. The ex-dividend date of this dividend is Friday, January 2nd. This represents a $2.50 dividend on an annualized basis and a dividend yield of 1.2%. Republic Services’s payout ratio is currently 37.20%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Citigroup lowered their target price on shares of Republic Services from $280.00 to $270.00 and set a “buy” rating for the company in a report on Wednesday, September 17th. BMO Capital Markets boosted their price target on shares of Republic Services from $280.00 to $284.00 and gave the company an “outperform” rating in a research report on Wednesday, July 30th. National Bankshares dropped their price objective on Republic Services from $270.00 to $241.00 and set a “sector perform” rating on the stock in a report on Tuesday, October 7th. Jefferies Financial Group set a $248.00 target price on Republic Services and gave the stock a “buy” rating in a research report on Monday, November 3rd. Finally, Raymond James Financial reissued an “outperform” rating and issued a $240.00 target price on shares of Republic Services in a research report on Friday, October 31st. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Republic Services has a consensus rating of “Moderate Buy” and a consensus price target of $250.45.

Republic Services Company Profile

Republic Services, Inc, together with its subsidiaries, offers environmental services in the United States and Canada. It is involved in the collection and processing of recyclable, solid waste, and industrial waste materials; transportation and disposal of non-hazardous and hazardous waste streams; and other environmental solutions.