Ossiam cut its position in shares of Republic Services, Inc. (NYSE:RSG) by 10.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,013 shares of the business services provider’s stock after selling 2,894 shares during the period. Ossiam’s holdings in Republic Services were worth $2,961,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Ameritas Investment Company LLC bought a new stake in shares of Republic Services in the 1st quarter valued at approximately $26,000. Strategic Blueprint LLC bought a new stake in shares of Republic Services in the 2nd quarter valued at approximately $28,000. CSat Investment Advisory L.P. lifted its stake in shares of Republic Services by 37.0% in the 1st quarter. CSat Investment Advisory L.P. now owns 422 shares of the business services provider’s stock valued at $42,000 after purchasing an additional 114 shares during the last quarter. Advisory Services Network LLC bought a new stake in shares of Republic Services in the 2nd quarter valued at approximately $62,000. Finally, First Horizon Advisors Inc. raised its holdings in shares of Republic Services by 51.8% in the second quarter. First Horizon Advisors Inc. now owns 586 shares of the business services provider’s stock worth $64,000 after buying an additional 200 shares during the period. 57.60% of the stock is owned by institutional investors and hedge funds.
Shares of Republic Services stock traded up $0.77 on Thursday, hitting $127.32. The company’s stock had a trading volume of 2,609 shares, compared to its average volume of 1,150,140. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.64 and a current ratio of 0.64. Republic Services, Inc. has a 1 year low of $86.18 and a 1 year high of $127.60. The firm has a fifty day moving average price of $122.85 and a 200-day moving average price of $113.91. The company has a market capitalization of $40.53 billion, a price-to-earnings ratio of 36.05, a price-to-earnings-growth ratio of 2.88 and a beta of 0.71.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 15th. Shareholders of record on Friday, October 1st will be paid a dividend of $0.46 per share. This is a positive change from Republic Services’s previous quarterly dividend of $0.43. This represents a $1.84 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend is Thursday, September 30th. Republic Services’s payout ratio is 51.69%.
Several equities research analysts have recently weighed in on the company. Morgan Stanley increased their price target on Republic Services from $126.00 to $134.00 and gave the stock an “overweight” rating in a report on Friday, July 30th. BMO Capital Markets increased their price target on Republic Services from $125.00 to $136.00 and gave the stock an “outperform” rating in a report on Monday, August 2nd. Oppenheimer raised their price objective on Republic Services from $117.00 to $121.00 and gave the stock an “outperform” rating in a report on Friday, July 16th. Zacks Investment Research downgraded Republic Services from a “buy” rating to a “hold” rating and set a $128.00 price objective on the stock. in a report on Wednesday, September 29th. Finally, Raymond James restated an “outperform” rating and set a $116.14 price objective (down from $117.00) on shares of Republic Services in a report on Monday, July 26th. Four analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $116.18.
Republic Services Company Profile
Republic Services, Inc engages in the provision of services in the domestic non-hazardous solid waste industry. It provides integrated waste management services, which offers non-hazardous solid waste collection, transfer, recycling, disposal and energy services. The firm operates through the following segments: Group 1, Group 2, and Corporate Entities & Other.
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