EverSource Wealth Advisors LLC Decreases Position in Republic Services, Inc. (NYSE:RSG)

EverSource Wealth Advisors LLC reduced its position in Republic Services, Inc. (NYSE:RSG) by 1.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,339 shares of the business services provider’s stock after selling 62 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Republic Services were worth $1,024,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of RSG. DekaBank Deutsche Girozentrale grew its holdings in Republic Services by 0.8% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 1,112,663 shares of the business services provider’s stock worth $212,676,000 after acquiring an additional 8,998 shares in the last quarter. Pathway Financial Advisers LLC acquired a new position in shares of Republic Services during the first quarter worth about $565,000. Cetera Advisors LLC grew its stake in shares of Republic Services by 92.7% during the first quarter. Cetera Advisors LLC now owns 17,351 shares of the business services provider’s stock worth $3,322,000 after purchasing an additional 8,348 shares in the last quarter. Cetera Investment Advisers boosted its position in shares of Republic Services by 179.3% during the 1st quarter. Cetera Investment Advisers now owns 67,652 shares of the business services provider’s stock worth $12,951,000 after acquiring an additional 43,432 shares in the last quarter. Finally, Atria Investments Inc purchased a new position in Republic Services in the first quarter valued at approximately $1,068,000. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Republic Services Stock Up 1.2 %

Republic Services stock traded up $2.46 during trading on Friday, hitting $200.00. 1,634,452 shares of the company were exchanged, compared to its average volume of 1,325,030. The business’s 50 day moving average is $193.12 and its 200 day moving average is $187.06. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.05. Republic Services, Inc. has a 52 week low of $140.23 and a 52 week high of $206.54. The company has a market capitalization of $62.81 billion, a P/E ratio of 35.09, a PEG ratio of 3.18 and a beta of 0.69.

Republic Services Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Wednesday, October 2nd will be given a $0.58 dividend. The ex-dividend date is Wednesday, October 2nd. This represents a $2.32 annualized dividend and a yield of 1.16%. This is an increase from Republic Services’s previous quarterly dividend of $0.54. Republic Services’s payout ratio is presently 37.54%.

Analyst Upgrades and Downgrades

RSG has been the subject of several research analyst reports. Oppenheimer cut their price objective on Republic Services from $211.00 to $210.00 and set an “outperform” rating for the company in a research report on Thursday, July 25th. Robert W. Baird raised their price target on Republic Services from $208.00 to $210.00 and gave the stock a “neutral” rating in a research report on Thursday, July 25th. Royal Bank of Canada boosted their price objective on shares of Republic Services from $201.00 to $211.00 and gave the company a “sector perform” rating in a research report on Thursday, July 25th. The Goldman Sachs Group raised their target price on shares of Republic Services from $209.00 to $230.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Finally, StockNews.com lowered Republic Services from a “strong-buy” rating to a “buy” rating in a research note on Thursday. Nine equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $211.69.

Insider Buying and Selling at Republic Services

In other news, Director Katharine Weymouth acquired 540 shares of the business’s stock in a transaction that occurred on Tuesday, June 4th. The shares were bought at an average cost of $185.26 per share, with a total value of $100,040.40. Following the transaction, the director now owns 540 shares of the company’s stock, valued at approximately $100,040.40. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CMO Amanda Hodges sold 6,500 shares of the company’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $186.02, for a total transaction of $1,209,130.00. Following the sale, the chief marketing officer now owns 6,831 shares of the company’s stock, valued at $1,270,702.62. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Katharine Weymouth acquired 540 shares of the company’s stock in a transaction on Tuesday, June 4th. The stock was acquired at an average cost of $185.26 per share, with a total value of $100,040.40. Following the completion of the purchase, the director now directly owns 540 shares in the company, valued at $100,040.40. The disclosure for this purchase can be found here. 0.09% of the stock is currently owned by corporate insiders.

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.