Promethos Capital LLC Has $3.81 Million Stock Position in Republic Services, Inc. (NYSE:RSG)

Promethos Capital LLC grew its position in shares of Republic Services, Inc. (NYSE:RSG) by 129.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,600 shares of the business services provider’s stock after acquiring an additional 11,060 shares during the quarter. Republic Services comprises 1.4% of Promethos Capital LLC’s holdings, making the stock its 29th largest holding. Promethos Capital LLC’s holdings in Republic Services were worth $3,809,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Capital World Investors raised its holdings in Republic Services by 416.9% during the fourth quarter. Capital World Investors now owns 6,562,420 shares of the business services provider’s stock worth $1,082,209,000 after buying an additional 5,292,862 shares during the last quarter. TD Asset Management Inc raised its holdings in shares of Republic Services by 424.7% in the 1st quarter. TD Asset Management Inc now owns 1,722,107 shares of the business services provider’s stock worth $329,680,000 after acquiring an additional 1,393,918 shares during the last quarter. M&G Plc bought a new position in Republic Services in the 1st quarter valued at about $130,892,000. Earnest Partners LLC boosted its stake in Republic Services by 16.9% during the 1st quarter. Earnest Partners LLC now owns 1,262,519 shares of the business services provider’s stock valued at $241,697,000 after purchasing an additional 182,645 shares during the last quarter. Finally, SG Americas Securities LLC raised its stake in shares of Republic Services by 235.4% in the first quarter. SG Americas Securities LLC now owns 255,007 shares of the business services provider’s stock worth $48,819,000 after purchasing an additional 178,969 shares during the last quarter. 57.73% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

RSG has been the topic of a number of analyst reports. 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 report on Thursday, July 25th. Raymond James decreased their price objective on shares of Republic Services from $219.00 to $214.00 and set an “outperform” rating for the company in a research note on Thursday, July 25th. BMO Capital Markets boosted their target price on Republic Services from $209.00 to $211.00 and gave the stock a “market perform” rating in a research note on Thursday, July 25th. CIBC lifted their price target on Republic Services from $196.00 to $208.00 and gave the stock a “neutral” rating in a report on Thursday, July 25th. Finally, Oppenheimer lowered their target price 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. Ten investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, Republic Services currently has a consensus rating of “Hold” and an average target price of $211.00.

Republic Services Trading Up 0.8 %

Shares of RSG stock opened at $200.84 on Friday. The stock has a market capitalization of $63.08 billion, a price-to-earnings ratio of 35.24, a PEG ratio of 3.30 and a beta of 0.70. The company’s fifty day simple moving average is $202.25 and its two-hundred day simple moving average is $193.61. Republic Services, Inc. has a 1 year low of $140.23 and a 1 year high of $208.69. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.59 and a quick ratio of 0.59.

Republic Services (NYSE:RSG) last issued its quarterly earnings data on Wednesday, July 24th. The business services provider reported $1.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.53 by $0.08. The business 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%. As a group, analysts anticipate 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. Investors of record on Wednesday, October 2nd will be issued a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date is Wednesday, October 2nd. This is a positive change from Republic Services’s previous quarterly dividend of $0.54. Republic Services’s dividend payout ratio is 37.54%.

Insiders Place Their Bets

In other news, Director Tomago Collins sold 3,200 shares of the business’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $203.01, for a total transaction of $649,632.00. Following the completion of the transaction, the director now directly owns 17,486 shares in the company, valued at approximately $3,549,832.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.09% of the company’s stock.

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.