Janney Montgomery Scott LLC boosted its stake in shares of Republic Services, Inc. (NYSE:RSG) by 0.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 25,766 shares of the business services provider’s stock after buying an additional 10 shares during the period. Janney Montgomery Scott LLC’s holdings in Republic Services were worth $1,642,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Blue Chip Partners Inc. increased its position in Republic Services by 0.6% in the first quarter. Blue Chip Partners Inc. now owns 4,738 shares of the business services provider’s stock worth $298,000 after buying an additional 26 shares in the last quarter. Sigma Planning Corp raised its stake in Republic Services by 0.6% in the first quarter. Sigma Planning Corp now owns 7,332 shares of the business services provider’s stock valued at $461,000 after buying an additional 43 shares during the last quarter. Blair William & Co. IL raised its stake in Republic Services by 0.3% in the first quarter. Blair William & Co. IL now owns 26,078 shares of the business services provider’s stock valued at $1,617,000 after buying an additional 70 shares during the last quarter. OLD Dominion Capital Management Inc. raised its stake in Republic Services by 0.3% in the first quarter. OLD Dominion Capital Management Inc. now owns 24,758 shares of the business services provider’s stock valued at $1,555,000 after buying an additional 83 shares during the last quarter. Finally, Ffcm LLC raised its stake in Republic Services by 1.2% in the first quarter. Ffcm LLC now owns 8,274 shares of the business services provider’s stock valued at $520,000 after buying an additional 99 shares during the last quarter. 61.33% of the stock is currently owned by institutional investors and hedge funds.
Shares of Republic Services, Inc. (RSG) traded down 0.37% during mid-day trading on Friday, reaching $63.89. 881,280 shares of the company traded hands. The stock’s 50 day moving average is $64.43 and its 200 day moving average is $62.88. Republic Services, Inc. has a 52-week low of $49.18 and a 52-week high of $65.54. The stock has a market capitalization of $21.52 billion, a PE ratio of 32.80 and a beta of 0.58.
Republic Services (NYSE:RSG) last released its quarterly earnings data on Thursday, July 27th. The business services provider reported $0.61 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.02. The firm had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.47 billion. Republic Services had a return on equity of 10.42% and a net margin of 6.86%. The company’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.55 earnings per share. On average, analysts anticipate that Republic Services, Inc. will post $2.39 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Monday, October 2nd will be issued a dividend of $0.345 per share. The ex-dividend date is Friday, September 29th. This represents a $1.38 annualized dividend and a yield of 2.16%. This is an increase from Republic Services’s previous quarterly dividend of $0.32. Republic Services’s dividend payout ratio is 65.64%.
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Several equities research analysts have recently issued reports on the stock. BidaskClub lowered shares of Republic Services from a “hold” rating to a “sell” rating in a report on Thursday. Zacks Investment Research lowered shares of Republic Services from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Credit Suisse Group set a $69.00 price target on shares of Republic Services and gave the company a “hold” rating in a report on Saturday, July 29th. Barclays PLC reissued a “neutral” rating on shares of Republic Services in a report on Friday, July 28th. Finally, BMO Capital Markets raised their price objective on shares of Republic Services from $71.00 to $72.00 and gave the stock an “outperform” rating in a report on Friday, July 28th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the stock. Republic Services currently has an average rating of “Hold” and a consensus price target of $69.78.
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.
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