Capital Investment Advisors LLC boosted its stake in Republic Services, Inc. (NYSE:RSG – Free Report) by 17.2% in the 3rd quarter, Holdings Channel reports. The firm owned 9,350 shares of the business services provider’s stock after buying an additional 1,370 shares during the quarter. Capital Investment Advisors LLC’s holdings in Republic Services were worth $1,878,000 as of its most recent SEC filing.
Several other hedge funds also recently added to or reduced their stakes in RSG. RFG Advisory LLC grew its stake in shares of Republic Services by 0.5% in the second quarter. RFG Advisory LLC now owns 10,603 shares of the business services provider’s stock valued at $2,061,000 after buying an additional 53 shares in the last quarter. Commerzbank Aktiengesellschaft FI grew its position in Republic Services by 2.9% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 1,860 shares of the business services provider’s stock valued at $362,000 after acquiring an additional 53 shares in the last quarter. Capital Advisors Ltd. LLC raised its stake in shares of Republic Services by 2.9% during the first quarter. Capital Advisors Ltd. LLC now owns 1,903 shares of the business services provider’s stock valued at $364,000 after purchasing an additional 54 shares during the period. Hexagon Capital Partners LLC lifted its position in shares of Republic Services by 4.0% during the second quarter. Hexagon Capital Partners LLC now owns 1,433 shares of the business services provider’s stock worth $278,000 after purchasing an additional 55 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in Republic Services by 1.2% during the 2nd quarter. Assenagon Asset Management S.A. now owns 4,917 shares of the business services provider’s stock valued at $956,000 after purchasing an additional 57 shares in the last quarter. 57.73% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at Republic Services
In related news, Director Tomago Collins sold 3,200 shares of Republic Services stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $203.01, for a total transaction of $649,632.00. Following the sale, the director now directly owns 17,486 shares in the company, valued at $3,549,832.86. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.09% of the company’s stock.
Wall Street Analyst Weigh In
View Our Latest Analysis on Republic Services
Republic Services Price Performance
Shares of NYSE RSG opened at $204.80 on Friday. Republic Services, Inc. has a 1-year low of $142.65 and a 1-year high of $208.69. The firm has a market capitalization of $64.50 billion, a PE ratio of 35.93, a P/E/G ratio of 3.30 and a beta of 0.69. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.59 and a quick ratio of 0.59. The business’s fifty day moving average price is $203.92 and its two-hundred day moving average price is $195.90.
Republic Services (NYSE:RSG – Get Free Report) last posted its earnings results on Wednesday, July 24th. The business services provider reported $1.61 earnings per share (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 firm had revenue of $4.05 billion during the quarter, compared to analyst estimates of $4.03 billion. On average, research analysts expect that Republic Services, Inc. will post 6.18 EPS for the current year.
Republic Services Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Wednesday, October 2nd were paid a dividend of $0.58 per share. The ex-dividend date was Wednesday, October 2nd. This represents a $2.32 annualized dividend and a yield of 1.13%. This is an increase from Republic Services’s previous quarterly dividend of $0.54. Republic Services’s payout ratio is presently 40.70%.
Republic Services Company 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.
Featured Stories
- Five stocks we like better than Republic Services
- Are These Liquid Natural Gas Stocks Ready For An Upside Bounce?
- Misses and Beats: 3 Stocks That Are Moving Markets Right Now
- 5 discounted opportunities for dividend growth investors
- Cisco on the Rise: AI Potential and Analyst Upgrades Drive Gains
- TSX Venture Exchange (Formerly Canadian Venture Exchange)
- MarketBeat Week in Review – 10/14 – 10/18
Want to see what other hedge funds are holding RSG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Republic Services, Inc. (NYSE:RSG – Free Report).
Receive News & Ratings for Republic Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Republic Services and related companies with MarketBeat.com's FREE daily email newsletter.