Epoch Investment Partners Inc. Sells 1,956 Shares of Republic Services, Inc. (NYSE:RSG)

Epoch Investment Partners Inc. cut its holdings in Republic Services, Inc. (NYSE:RSG) by 2.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 73,348 shares of the business services provider’s stock after selling 1,956 shares during the period. Epoch Investment Partners Inc.’s holdings in Republic Services were worth $14,254,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in RSG. YHB Investment Advisors Inc. bought a new position in shares of Republic Services during the first quarter worth $29,000. EntryPoint Capital LLC purchased a new stake in shares of Republic Services in the first quarter worth about $29,000. Jones Financial Companies Lllp boosted its stake in 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 valued at $36,000 after buying an additional 211 shares during the last quarter. Indiana Trust & Investment Management CO purchased a new position in Republic Services during the 2nd quarter valued at approximately $45,000. Finally, J.Safra Asset Management Corp increased its stake in Republic Services by 584.2% in the 1st quarter. J.Safra Asset Management Corp now owns 260 shares of the business services provider’s stock worth $50,000 after acquiring an additional 222 shares during the last quarter. 57.73% of the stock is owned by hedge funds and other institutional investors.

Republic Services Price Performance

RSG opened at $201.39 on Monday. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.05. The business’s fifty day simple moving average is $202.28 and its 200-day simple moving average is $193.86. The company has a market capitalization of $63.42 billion, a price-to-earnings ratio of 35.33, a PEG ratio of 3.30 and a beta of 0.70. Republic Services, Inc. has a 12-month low of $140.23 and a 12-month high of $208.69.

Republic Services (NYSE:RSG) last posted its earnings results on Wednesday, July 24th. The business services provider reported $1.61 EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $4.03 billion. On average, equities research analysts anticipate that Republic Services, Inc. will post 6.18 earnings per share for the current fiscal year.

Republic Services Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Wednesday, October 2nd will be given a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend is Wednesday, October 2nd. This is a boost from Republic Services’s previous quarterly dividend of $0.54. Republic Services’s dividend payout ratio (DPR) is 40.70%.

Analyst Ratings Changes

RSG has been the subject of a number of recent research reports. Truist Financial raised shares of Republic Services from a “hold” rating to a “buy” rating and raised their target price for the company from $192.00 to $220.00 in a report on Thursday, July 11th. Stifel Nicolaus lifted their price objective 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. CIBC increased their price target on shares of Republic Services from $196.00 to $208.00 and gave the company a “neutral” rating in a report on Thursday, July 25th. TD Cowen upped their price objective on Republic Services from $195.00 to $200.00 and gave the company a “hold” rating in a research report on Monday, August 5th. Finally, Robert W. Baird lifted their target price on Republic Services from $208.00 to $210.00 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 nine have issued a buy rating to the company’s stock. According to MarketBeat, Republic Services has an average rating of “Hold” and an average price target of $211.00.

Insider Transactions at Republic Services

In related news, Director Tomago Collins sold 3,200 shares of the firm’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $203.01, for a total transaction of $649,632.00. Following the sale, the director now owns 17,486 shares of the company’s stock, valued at $3,549,832.86. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.09% of the company’s stock.

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.