Cobblestone Capital Advisors LLC NY Grows Position in Republic Services, Inc. (NYSE:RSG)

Cobblestone Capital Advisors LLC NY raised its position in shares of Republic Services, Inc. (NYSE:RSG) by 6.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,612 shares of the business services provider’s stock after acquiring an additional 2,355 shares during the period. Cobblestone Capital Advisors LLC NY’s holdings in Republic Services were worth $8,357,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of RSG. Edgestream Partners L.P. increased its position in Republic Services by 2.5% in the third quarter. Edgestream Partners L.P. now owns 13,585 shares of the business services provider’s stock worth $2,728,000 after purchasing an additional 327 shares during the last quarter. L.M. Kohn & Company bought a new stake in shares of Republic Services in the 3rd quarter worth about $209,000. Caisse DE Depot ET Placement DU Quebec raised its position in shares of Republic Services by 4.5% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,477,807 shares of the business services provider’s stock valued at $296,803,000 after buying an additional 63,500 shares in the last quarter. Eventide Asset Management LLC lifted its holdings in shares of Republic Services by 31.1% in the 3rd quarter. Eventide Asset Management LLC now owns 10,670 shares of the business services provider’s stock valued at $2,143,000 after acquiring an additional 2,534 shares during the last quarter. Finally, Verition Fund Management LLC increased its stake in Republic Services by 83.7% during the third quarter. Verition Fund Management LLC now owns 70,040 shares of the business services provider’s stock worth $14,067,000 after acquiring an additional 31,911 shares during the last quarter. 57.73% of the stock is currently owned by institutional investors.

Republic Services Stock Up 0.0 %

NYSE:RSG opened at $218.30 on Friday. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.64 and a quick ratio of 0.64. Republic Services, Inc. has a 1-year low of $159.38 and a 1-year high of $220.58. The company has a 50-day moving average of $206.22 and a 200 day moving average of $199.98. The firm has a market cap of $68.36 billion, a PE ratio of 34.93, a price-to-earnings-growth ratio of 3.34 and a beta of 0.70.

Republic Services (NYSE:RSG) last posted its earnings results on Tuesday, October 29th. The business services provider reported $1.81 earnings per share for the quarter, topping analysts’ consensus estimates of $1.61 by $0.20. Republic Services had a return on equity of 18.18% and a net margin of 12.46%. The company had revenue of $4.08 billion during the quarter, compared to analyst estimates of $4.12 billion. During the same quarter in the prior year, the business earned $1.54 earnings per share. Republic Services’s revenue was up 6.5% on a year-over-year basis. As a group, research analysts anticipate that Republic Services, Inc. will post 6.24 EPS for the current fiscal year.

Republic Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd will be paid a $0.58 dividend. The ex-dividend date is Thursday, January 2nd. This represents a $2.32 annualized dividend and a yield of 1.06%. Republic Services’s dividend payout ratio (DPR) is presently 37.12%.

Insiders Place Their Bets

In other news, CFO Brian M. Delghiaccio sold 5,071 shares of Republic Services stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $210.02, for a total value of $1,065,011.42. Following the transaction, the chief financial officer now owns 6,318 shares of the company’s stock, valued at $1,326,906.36. The trade was a 44.53 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.09% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on RSG. Scotiabank initiated coverage on Republic Services in a report on Friday, October 4th. They issued a “sector perform” rating and a $224.00 target price for the company. TD Cowen boosted their price objective on shares of Republic Services from $195.00 to $200.00 and gave the company a “hold” rating in a research report on Monday, August 5th. Oppenheimer raised their target price on shares of Republic Services from $219.00 to $220.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Royal Bank of Canada upped their price target on shares of Republic Services from $211.00 to $219.00 and gave the company a “sector perform” rating in a report on Wednesday, October 30th. Finally, William Blair assumed coverage on shares of Republic Services in a research report on Thursday, October 3rd. They issued an “outperform” rating on the stock. Nine research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, Republic Services has an average rating of “Moderate Buy” and an average target price of $215.71.

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.