Sanctuary Advisors LLC Takes Position in Republic Services, Inc. (NYSE:RSG)

Sanctuary Advisors LLC bought a new position in shares of Republic Services, Inc. (NYSE:RSG) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 26,457 shares of the business services provider’s stock, valued at approximately $5,078,000.

Other institutional investors also recently bought and sold shares of the company. RFG Advisory LLC boosted its holdings in Republic Services by 0.5% in the 2nd quarter. RFG Advisory LLC now owns 10,603 shares of the business services provider’s stock worth $2,061,000 after buying an additional 53 shares during the last quarter. Commerzbank Aktiengesellschaft FI lifted its holdings in Republic Services by 2.9% during the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 1,860 shares of the business services provider’s stock worth $362,000 after buying an additional 53 shares in the last quarter. Capital Advisors Ltd. LLC grew its stake in Republic Services by 2.9% during the 1st quarter. Capital Advisors Ltd. LLC now owns 1,903 shares of the business services provider’s stock worth $364,000 after purchasing an additional 54 shares in the last quarter. Hexagon Capital Partners LLC increased its stake in shares of Republic Services by 4.0% during the second quarter. Hexagon Capital Partners LLC now owns 1,433 shares of the business services provider’s stock worth $278,000 after buying an additional 55 shares during the period. Finally, Assenagon Asset Management S.A. lifted its position in shares of Republic Services by 1.2% during the 2nd quarter. Assenagon Asset Management S.A. now owns 4,917 shares of the business services provider’s stock worth $956,000 after purchasing an additional 57 shares during the last quarter. 57.73% of the stock is owned by hedge funds and other institutional investors.

Republic Services Trading Down 0.6 %

Shares of Republic Services stock opened at $200.67 on Friday. The stock has a market capitalization of $63.02 billion, a P/E ratio of 35.21, a price-to-earnings-growth ratio of 3.21 and a beta of 0.69. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.05. Republic Services, Inc. has a 12-month low of $141.80 and a 12-month high of $208.69. The company has a 50-day simple moving average of $202.55 and a 200 day simple moving average of $194.91.

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

Republic Services Increases Dividend

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

Wall Street Analyst Weigh In

A number of analysts have issued reports on RSG shares. TD Cowen lifted their price target on Republic Services from $195.00 to $200.00 and gave the stock a “hold” rating in a report on Monday, August 5th. William Blair initiated coverage on Republic Services in a report on Thursday. They issued an “outperform” rating on the stock. Royal Bank of Canada boosted their target price on Republic Services from $201.00 to $211.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 25th. Stifel Nicolaus raised their price objective on shares of Republic Services from $215.00 to $230.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Finally, CIBC lifted their price objective on Republic Services from $196.00 to $208.00 and gave the stock a “neutral” rating in a report on Thursday, July 25th. Ten equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $211.65.

Insider Buying and Selling

In related news, Director Tomago Collins sold 3,200 shares of the firm’s stock in a transaction 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 owns 17,486 shares of the company’s stock, valued at approximately $3,549,832.86. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.09% of the stock is currently owned by company insiders.

Republic Services 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.