First Allied Advisory Services Inc. purchased a new stake in Republic Services, Inc. (NYSE:RSG) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 3,482 shares of the business services provider’s stock, valued at approximately $224,000.
A number of other institutional investors and hedge funds also recently bought and sold shares of RSG. Evercore Wealth Management LLC increased its stake in Republic Services by 48.6% in the second quarter. Evercore Wealth Management LLC now owns 1,593 shares of the business services provider’s stock valued at $102,000 after purchasing an additional 521 shares in the last quarter. Almanack Investment Partners LLC. bought a new stake in Republic Services in the second quarter valued at $141,000. Whittier Trust Co. of Nevada Inc. increased its stake in Republic Services by 59.1% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 2,903 shares of the business services provider’s stock valued at $185,000 after purchasing an additional 1,078 shares in the last quarter. Acrospire Investment Management LLC bought a new stake in Republic Services in the second quarter valued at $191,000. Finally, Parallel Advisors LLC increased its stake in Republic Services by 59.2% in the first quarter. Parallel Advisors LLC now owns 3,336 shares of the business services provider’s stock valued at $210,000 after purchasing an additional 1,240 shares in the last quarter. 60.56% of the stock is owned by hedge funds and other institutional investors.
COPYRIGHT VIOLATION NOTICE: This news story was posted by Community Financial News and is owned by of Community Financial News. If you are reading this news story on another domain, it was illegally copied and reposted in violation of US & international trademark and copyright law. The legal version of this news story can be accessed at https://www.com-unik.info/2017/10/12/first-allied-advisory-services-inc-purchases-shares-of-3482-republic-services-inc-rsg.html.
In other Republic Services news, insider Donald W. Slager sold 22,608 shares of the firm’s stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $66.05, for a total transaction of $1,493,258.40. Following the completion of the sale, the insider now directly owns 246,617 shares in the company, valued at approximately $16,289,052.85. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Catharine D. Ellingsen sold 14,250 shares of the firm’s stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $66.02, for a total transaction of $940,785.00. Following the sale, the executive vice president now owns 8,007 shares of the company’s stock, valued at $528,622.14. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 43,187 shares of company stock valued at $2,854,922. 0.40% of the stock is owned by company insiders.
Republic Services, Inc. (NYSE:RSG) opened at 63.32 on Thursday. Republic Services, Inc. has a one year low of $49.18 and a one year high of $67.18. The firm has a market capitalization of $21.32 billion, a PE ratio of 32.51 and a beta of 0.60. The stock’s 50 day moving average is $65.38 and its 200-day moving average is $64.10.
Republic Services (NYSE:RSG) last issued its quarterly earnings results on Thursday, July 27th. The business services provider reported $0.61 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.02. The company had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.47 billion. Republic Services had a net margin of 6.86% and a return on equity of 10.42%. Republic Services’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period last year, the business earned $0.55 EPS. On average, analysts anticipate that Republic Services, Inc. will post $2.39 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Monday, October 2nd will be paid a dividend of $0.345 per share. This is a positive change from Republic Services’s previous quarterly dividend of $0.32. This represents a $1.38 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date is Friday, September 29th. Republic Services’s dividend payout ratio (DPR) is currently 70.77%.
Republic Services Company Profile
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.
What are top analysts saying about Republic Services Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Republic Services Inc. and related companies.