EverSource Wealth Advisors LLC Cuts Stock Holdings in Republic Services, Inc. (NYSE:RSG)

EverSource Wealth Advisors LLC trimmed its stake in shares of Republic Services, Inc. (NYSE:RSG) by 2.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,212 shares of the business services provider’s stock after selling 127 shares during the period. EverSource Wealth Advisors LLC’s holdings in Republic Services were worth $1,013,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in Republic Services by 0.6% during the first quarter. Vanguard Group Inc. now owns 18,254,878 shares of the business services provider’s stock valued at $3,494,714,000 after acquiring an additional 101,518 shares in the last quarter. Capital World Investors grew its stake in shares of Republic Services by 20.5% in the 1st quarter. Capital World Investors now owns 7,909,008 shares of the business services provider’s stock worth $1,514,100,000 after buying an additional 1,346,588 shares in the last quarter. TD Asset Management Inc raised its position in shares of Republic Services by 2.1% during the 2nd quarter. TD Asset Management Inc now owns 1,757,757 shares of the business services provider’s stock valued at $341,602,000 after buying an additional 35,650 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Republic Services by 0.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,476,116 shares of the business services provider’s stock valued at $286,868,000 after acquiring an additional 3,809 shares during the last quarter. Finally, Earnest Partners LLC grew its position in Republic Services by 16.9% in the first quarter. Earnest Partners LLC now owns 1,262,519 shares of the business services provider’s stock worth $241,697,000 after acquiring an additional 182,645 shares in the last quarter. 57.73% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Tomago Collins sold 3,200 shares of the company’s stock in a transaction dated 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 directly owns 17,486 shares of the company’s stock, valued at $3,549,832.86. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.09% of the stock is owned by insiders.

Analyst Ratings Changes

RSG has been the subject of several analyst reports. Royal Bank of Canada raised their price objective on Republic Services from $201.00 to $211.00 and gave the company a “sector perform” rating in a research note on Thursday, July 25th. Stifel Nicolaus lifted their price objective on shares of Republic Services from $215.00 to $230.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. Robert W. Baird lifted their price objective on shares of Republic Services from $208.00 to $210.00 and gave the stock a “neutral” rating in a research note on Thursday, July 25th. CIBC lifted their price objective on shares of Republic Services from $196.00 to $208.00 and gave the stock a “neutral” rating in a research note on Thursday, July 25th. Finally, TD Cowen lifted their price objective on shares of Republic Services from $195.00 to $200.00 and gave the stock a “hold” rating in a research note on Monday, August 5th. Ten investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, Republic Services currently has a consensus rating of “Hold” and a consensus target price of $211.00.

Republic Services Stock Up 0.2 %

Shares of RSG opened at $201.39 on Monday. The firm has a market capitalization of $63.42 billion, a P/E ratio of 35.33, a P/E/G ratio of 3.30 and a beta of 0.70. Republic Services, Inc. has a 12-month low of $140.23 and a 12-month high of $208.69. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.05. The firm has a fifty day moving average price of $202.28 and a 200-day moving average price of $193.86.

Republic Services (NYSE:RSG) last released its quarterly earnings data on Wednesday, July 24th. The business services provider reported $1.61 earnings per share for the quarter, topping analysts’ consensus estimates of $1.53 by $0.08. Republic Services had a net margin of 12.11% and a return on equity of 17.81%. The company had revenue of $4.05 billion during the quarter, compared to analyst estimates of $4.03 billion. Equities research analysts expect 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 1.15%. Republic Services’s dividend payout ratio is 40.70%.

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.