Private Bank & Trust Co. Lowers Position in Republic Services, Inc. (RSG)

Private Bank & Trust Co. decreased its stake in Republic Services, Inc. (NYSE:RSG) by 2.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,707 shares of the business services provider’s stock after selling 187 shares during the period. Private Bank & Trust Co.’s holdings in Republic Services were worth $555,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Blue Chip Partners Inc. boosted its stake in Republic Services by 0.6% in the first quarter. Blue Chip Partners Inc. now owns 4,738 shares of the business services provider’s stock valued at $298,000 after buying an additional 26 shares in the last quarter. Sigma Planning Corp boosted its stake in Republic Services by 0.6% in the first quarter. Sigma Planning Corp now owns 7,332 shares of the business services provider’s stock valued at $461,000 after buying an additional 43 shares in the last quarter. Blair William & Co. IL boosted its stake in Republic Services by 0.3% in the first quarter. Blair William & Co. IL now owns 26,078 shares of the business services provider’s stock valued at $1,617,000 after buying an additional 70 shares in the last quarter. OLD Dominion Capital Management Inc. boosted its stake in Republic Services by 0.3% in the first quarter. OLD Dominion Capital Management Inc. now owns 24,758 shares of the business services provider’s stock valued at $1,555,000 after buying an additional 83 shares in the last quarter. Finally, Ffcm LLC boosted its stake in Republic Services by 1.2% in the first quarter. Ffcm LLC now owns 8,274 shares of the business services provider’s stock valued at $520,000 after buying an additional 99 shares in the last quarter. 61.33% of the stock is owned by institutional investors and hedge funds.

Republic Services, Inc. (RSG) traded down 0.37% on Friday, hitting $63.89. The stock had a trading volume of 881,280 shares. Republic Services, Inc. has a 1-year low of $49.18 and a 1-year high of $65.54. The company has a 50-day moving average price of $64.43 and a 200-day moving average price of $62.88. The stock has a market capitalization of $21.52 billion, a price-to-earnings ratio of 32.80 and a beta of 0.58.

Republic Services (NYSE:RSG) last posted its earnings results on Thursday, July 27th. The business services provider reported $0.61 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.02. Republic Services had a return on equity of 10.42% and a net margin of 6.86%. The firm had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.47 billion. During the same period in the previous year, the firm earned $0.55 earnings per share. The business’s revenue was up 7.5% compared to the same quarter last year. Equities analysts predict that Republic Services, Inc. will post $2.39 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Monday, October 2nd will be paid a dividend of $0.345 per share. The ex-dividend date is Friday, September 29th. This is a boost from Republic Services’s previous quarterly dividend of $0.32. This represents a $1.38 annualized dividend and a dividend yield of 2.16%. Republic Services’s payout ratio is 65.64%.

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Several research analysts have commented on the company. Credit Suisse Group set a $63.00 target price on Republic Services and gave the stock a “hold” rating in a research note on Sunday, April 30th. BidaskClub downgraded Republic Services from a “hold” rating to a “sell” rating in a research note on Thursday. Zacks Investment Research downgraded Republic Services from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Barclays PLC reissued a “hold” rating and set a $59.00 target price on shares of Republic Services in a research note on Friday, April 28th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $73.00 target price on shares of Republic Services in a research note on Wednesday, July 19th. One analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $69.78.

About Republic Services

Republic Services, Inc is a provider of non-hazardous solid waste collection, transfer, disposal, recycling and energy services. The Company’s segments include Group 1, Group 2 and Corporate entities. Its Group 1 and Group 2 segments provide integrated waste management services. Group 1 consists of geographic areas located in the western and portions of the mid-western United States.

Institutional Ownership by Quarter for Republic Services (NYSE:RSG)

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