Oppenheimer & Co. Inc. Boosts Holdings in Republic Services, Inc. (NYSE:RSG)

Oppenheimer & Co. Inc. lifted its position in Republic Services, Inc. (NYSE:RSG) by 64.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 13,506 shares of the business services provider’s stock after purchasing an additional 5,273 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Republic Services were worth $2,625,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in RSG. Trueblood Wealth Management LLC raised its holdings in shares of Republic Services by 3.2% in the 2nd quarter. Trueblood Wealth Management LLC now owns 8,483 shares of the business services provider’s stock valued at $1,649,000 after acquiring an additional 267 shares in the last quarter. Achmea Investment Management B.V. raised its stake in Republic Services by 207.2% in the second quarter. Achmea Investment Management B.V. now owns 106,587 shares of the business services provider’s stock valued at $20,714,000 after purchasing an additional 71,887 shares in the last quarter. LPL Financial LLC lifted its position in Republic Services by 7.8% during the second quarter. LPL Financial LLC now owns 285,735 shares of the business services provider’s stock valued at $55,530,000 after purchasing an additional 20,605 shares during the last quarter. Headlands Technologies LLC bought a new position in shares of Republic Services in the 2nd quarter worth $209,000. Finally, Seaview Investment Managers LLC bought a new stake in shares of Republic Services during the 2nd quarter worth $9,506,000. Institutional investors own 57.73% of the company’s stock.

Insiders Place Their Bets

In other news, Director Tomago Collins sold 3,200 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $203.01, for a total value of $649,632.00. Following the completion of the sale, the director now owns 17,486 shares of the company’s stock, valued at approximately $3,549,832.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.09% of the stock is owned by company insiders.

Republic Services Trading Down 0.2 %

NYSE RSG opened at $205.41 on Tuesday. The stock has a market cap of $64.51 billion, a PE ratio of 36.04, a PEG ratio of 3.29 and a beta of 0.70. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.05. Republic Services, Inc. has a 12 month low of $140.23 and a 12 month high of $208.69. The company’s 50-day moving average price is $202.04 and its 200-day moving average price is $193.39.

Republic Services (NYSE:RSG) last announced its quarterly earnings data on Wednesday, July 24th. The business services provider reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.53 by $0.08. The company had revenue of $4.05 billion for the quarter, compared to analysts’ expectations of $4.03 billion. Republic Services had a return on equity of 17.81% and a net margin of 12.11%. Equities research analysts forecast that Republic Services, Inc. will post 6.18 earnings per share for the current year.

Republic Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Wednesday, October 2nd will be paid a $0.58 dividend. The ex-dividend date is Wednesday, October 2nd. This is a positive change from Republic Services’s previous quarterly dividend of $0.54. This represents a $2.32 dividend on an annualized basis and a yield of 1.13%. Republic Services’s dividend payout ratio is 37.54%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on RSG. Royal Bank of Canada increased their price objective on Republic Services from $201.00 to $211.00 and gave the company a “sector perform” rating in a research report on Thursday, July 25th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Republic Services in a report on Thursday, May 23rd. They set a “hold” rating and a $203.00 target price on the stock. StockNews.com downgraded shares of Republic Services from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 1st. Oppenheimer reduced their price objective on Republic Services from $211.00 to $210.00 and set an “outperform” rating on the stock in a research note on Thursday, July 25th. Finally, Raymond James reduced their price target on Republic Services from $219.00 to $214.00 and set an “outperform” rating on the stock in a research report on Thursday, July 25th. Ten equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, Republic Services has a consensus rating of “Hold” and a consensus price target of $211.00.

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.