Capstone Triton Financial Group LLC Has $1.49 Million Stake in Republic Services, Inc. (NYSE:RSG)

Capstone Triton Financial Group LLC lowered its position in Republic Services, Inc. (NYSE:RSG) by 3.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,680 shares of the business services provider’s stock after selling 282 shares during the quarter. Capstone Triton Financial Group LLC’s holdings in Republic Services were worth $1,493,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Capital World Investors raised its stake in Republic Services by 416.9% in the 4th quarter. Capital World Investors now owns 6,562,420 shares of the business services provider’s stock valued at $1,082,209,000 after acquiring an additional 5,292,862 shares during the period. TD Asset Management Inc raised its position in shares of Republic Services by 424.7% in the first quarter. TD Asset Management Inc now owns 1,722,107 shares of the business services provider’s stock valued at $329,680,000 after purchasing an additional 1,393,918 shares during the period. M&G Plc acquired a new stake in shares of Republic Services during the 1st quarter worth about $130,892,000. Earnest Partners LLC boosted its holdings in shares of 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 worth $241,697,000 after buying an additional 182,645 shares during the period. Finally, SG Americas Securities LLC grew its stake in Republic Services by 235.4% in the 1st quarter. SG Americas Securities LLC now owns 255,007 shares of the business services provider’s stock valued at $48,819,000 after buying an additional 178,969 shares during the last quarter. Institutional investors own 57.73% of the company’s stock.

Republic Services Stock Performance

NYSE:RSG opened at $201.39 on Friday. The company has a market capitalization of $63.42 billion, a PE ratio of 35.33, a P/E/G ratio of 3.30 and a beta of 0.70. Republic Services, Inc. has a fifty-two week low of $140.23 and a fifty-two week high of $208.69. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.59 and a current ratio of 0.59. The company has a 50 day simple moving average of $202.28 and a two-hundred day simple moving average of $193.72.

Republic Services (NYSE:RSG) last announced its earnings results 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 business had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $4.03 billion. Research analysts anticipate that Republic Services, Inc. will post 6.18 earnings per share for the current 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. The ex-dividend date is Wednesday, October 2nd. This represents a $2.32 annualized dividend and a yield of 1.15%. This is a boost from Republic Services’s previous quarterly dividend of $0.54. Republic Services’s dividend payout ratio (DPR) is currently 40.70%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Oppenheimer reduced their price objective on Republic Services from $211.00 to $210.00 and set an “outperform” rating for the company in a report on Thursday, July 25th. Stifel Nicolaus boosted their price target on Republic Services from $215.00 to $230.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Raymond James lowered their price objective on Republic Services from $219.00 to $214.00 and set an “outperform” rating on the stock in a research report on Thursday, July 25th. Robert W. Baird boosted their target price on shares of Republic Services from $208.00 to $210.00 and gave the company a “neutral” rating in a research report on Thursday, July 25th. Finally, Royal Bank of Canada raised their price target on shares of Republic Services from $201.00 to $211.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 25th. Ten research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $211.00.

Insider Buying and Selling at Republic Services

In other 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 transaction of $649,632.00. Following the completion of the sale, the director now owns 17,486 shares of the company’s stock, valued at approximately $3,549,832.86. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.09% of the company’s stock.

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.