Bradley Foster & Sargent Inc. CT Boosts Holdings in Republic Services, Inc. (NYSE:RSG)

Bradley Foster & Sargent Inc. CT boosted its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 24.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,951 shares of the business services provider’s stock after buying an additional 1,159 shares during the quarter. Bradley Foster & Sargent Inc. CT’s holdings in Republic Services were worth $1,157,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in RSG. YHB Investment Advisors Inc. acquired a new stake in Republic Services in the 1st quarter valued at about $29,000. EntryPoint Capital LLC purchased a new position in Republic Services in the first quarter worth approximately $29,000. Jones Financial Companies Lllp grew its holdings in Republic Services by 3,014.3% during the 4th quarter. Jones Financial Companies Lllp now owns 218 shares of the business services provider’s stock worth $36,000 after acquiring an additional 211 shares in the last quarter. Indiana Trust & Investment Management CO purchased a new stake in shares of Republic Services in the 2nd quarter valued at approximately $45,000. Finally, Frazier Financial Advisors LLC acquired a new stake in shares of Republic Services in the 4th quarter valued at $50,000. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Insider Activity at Republic Services

In other Republic Services news, Director Tomago Collins sold 3,200 shares of the stock in a transaction on Friday, August 16th. The stock was 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 in the company, valued at $3,549,832.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.09% of the company’s stock.

Republic Services Price Performance

Shares of NYSE RSG opened at $200.84 on Friday. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.59 and a quick ratio of 0.59. The company has a market cap of $63.08 billion, a PE ratio of 35.24, a P/E/G ratio of 3.30 and a beta of 0.70. The stock has a fifty day moving average price of $202.25 and a 200 day moving average price of $193.61. Republic Services, Inc. has a 1-year low of $140.23 and a 1-year high of $208.69.

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

Republic Services Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Wednesday, October 2nd will be issued a $0.58 dividend. This is a boost from Republic Services’s previous quarterly dividend of $0.54. This represents a $2.32 annualized dividend and a dividend yield of 1.16%. The ex-dividend date is Wednesday, October 2nd. Republic Services’s dividend payout ratio (DPR) is currently 37.54%.

Analysts Set New Price Targets

RSG has been the topic of a number of analyst reports. TD Cowen raised their price target on Republic Services from $195.00 to $200.00 and gave the company a “hold” rating in a research note on Monday, August 5th. Robert W. Baird upped their price target on Republic Services from $208.00 to $210.00 and gave the company a “neutral” rating in a report on Thursday, July 25th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Republic Services in a research report on Thursday, May 23rd. They set a “hold” rating and a $203.00 price objective for the company. Raymond James dropped their target price on shares of Republic Services from $219.00 to $214.00 and set an “outperform” rating on the stock in a research report on Thursday, July 25th. Finally, StockNews.com cut shares of Republic Services from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 1st. Ten investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $211.00.

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.