SPC Financial Inc. Has $5.01 Million Stock Position in Republic Services, Inc. (NYSE:RSG)

SPC Financial Inc. lessened its position in shares of Republic Services, Inc. (NYSE:RSG) by 1.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,769 shares of the business services provider’s stock after selling 469 shares during the period. SPC Financial Inc.’s holdings in Republic Services were worth $5,008,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. YHB Investment Advisors Inc. bought a new position in shares of Republic Services during the first quarter worth approximately $29,000. EntryPoint Capital LLC bought a new stake in shares of Republic Services during the 1st quarter valued at $29,000. Itau Unibanco Holding S.A. acquired a new stake in Republic Services in the second quarter valued at approximately $36,000. Jones Financial Companies Lllp grew its stake in shares of Republic Services by 3,014.3% during the fourth quarter. Jones Financial Companies Lllp now owns 218 shares of the business services provider’s stock worth $36,000 after buying an additional 211 shares during the last quarter. Finally, Indiana Trust & Investment Management CO bought a new stake in shares of Republic Services in the 2nd quarter valued at about $45,000. Institutional investors own 57.73% of the company’s stock.

Insider Activity at Republic Services

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

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. StockNews.com lowered shares of Republic Services from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 1st. Oppenheimer lowered their target price on Republic Services from $211.00 to $210.00 and set an “outperform” rating for the company in a report on Thursday, July 25th. BMO Capital Markets increased their price target on Republic Services from $209.00 to $211.00 and gave the stock a “market perform” rating in a report 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 company a “neutral” rating in a research note on Thursday, July 25th. Finally, Stifel Nicolaus increased their target price 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. Ten research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $211.00.

Republic Services Stock Performance

RSG stock opened at $200.84 on Tuesday. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.05. The firm has a market cap of $63.25 billion, a PE ratio of 35.24, a P/E/G ratio of 3.26 and a beta of 0.70. The business has a 50 day moving average of $202.03 and a 200-day moving average of $194.58. Republic Services, Inc. has a 12-month low of $140.23 and a 12-month high of $208.69.

Republic Services (NYSE:RSG) last announced its earnings results on Wednesday, July 24th. The business services provider reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.08. The firm had revenue of $4.05 billion during the quarter, compared to analyst estimates of $4.03 billion. Republic Services had a return on equity of 17.81% and a net margin of 12.11%. As a group, sell-side analysts expect that Republic Services, Inc. will post 6.18 earnings per share for the current year.

Republic Services Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Wednesday, October 2nd will be paid a $0.58 dividend. The ex-dividend date of this dividend is Wednesday, October 2nd. This is a positive change from Republic Services’s previous quarterly dividend of $0.54. This represents a $2.32 annualized dividend and a dividend yield of 1.16%. Republic Services’s payout ratio is presently 40.70%.

About Republic Services

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.