SlateStone Wealth LLC Grows Position in Republic Services, Inc. (NYSE:RSG)

SlateStone Wealth LLC boosted its stake in Republic Services, Inc. (NYSE:RSG) by 4.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,525 shares of the business services provider’s stock after purchasing an additional 200 shares during the quarter. SlateStone Wealth LLC’s holdings in Republic Services were worth $879,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. YHB Investment Advisors Inc. purchased a new stake in Republic Services during the first quarter worth approximately $29,000. EntryPoint Capital LLC purchased a new stake in Republic Services during the first quarter worth approximately $29,000. Bogart Wealth LLC purchased a new stake in Republic Services during the fourth quarter worth approximately $30,000. Jones Financial Companies Lllp grew its stake in Republic Services by 3,014.3% during the fourth quarter. Jones Financial Companies Lllp now owns 218 shares of the business services provider’s stock worth $36,000 after buying an additional 211 shares during the period. Finally, Indiana Trust & Investment Management CO purchased a new stake in Republic Services during the second quarter worth approximately $45,000. 57.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Stifel Nicolaus upped their target price on shares of Republic Services from $215.00 to $230.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. UBS Group upped their target price on shares of Republic Services from $195.00 to $200.00 and gave the company a “neutral” rating in a research note on Wednesday, May 1st. StockNews.com downgraded shares of Republic Services from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 1st. Deutsche Bank Aktiengesellschaft began coverage on shares of Republic Services in a research note on Thursday, May 23rd. They issued a “hold” rating and a $203.00 target price for the company. Finally, Royal Bank of Canada upped their price target on shares of Republic Services from $201.00 to $211.00 and gave the company a “sector perform” rating in a report on Thursday, July 25th. Ten analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $211.00.

Republic Services Stock Up 0.3 %

Shares of NYSE:RSG opened at $206.83 on Tuesday. The stock has a market capitalization of $65.14 billion, a price-to-earnings ratio of 36.29, a price-to-earnings-growth ratio of 3.26 and a beta of 0.69. Republic Services, Inc. has a 1-year low of $140.23 and a 1-year high of $208.62. The company’s fifty day moving average is $198.27 and its two-hundred day moving average is $190.70. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.59 and a current ratio of 0.59.

Republic Services (NYSE:RSG) last released its quarterly earnings data on Wednesday, July 24th. The business services provider reported $1.61 earnings per share for the quarter, topping 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 business had revenue of $4.05 billion for the quarter, compared to analysts’ expectations of $4.03 billion. Equities analysts anticipate that Republic Services, Inc. will post 6.18 EPS for the current year.

Republic Services Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Wednesday, October 2nd will be issued a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date is Wednesday, October 2nd. This is a boost from Republic Services’s previous quarterly dividend of $0.54. Republic Services’s dividend payout ratio (DPR) is 40.70%.

Insider Buying and Selling

In related news, Director Tomago Collins sold 3,200 shares of the stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $203.01, for a total value of $649,632.00. Following the sale, the director now owns 17,486 shares of the company’s stock, valued at approximately $3,549,832.86. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, Director Tomago Collins sold 3,200 shares of the stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $203.01, for a total value of $649,632.00. Following the completion of the transaction, the director now owns 17,486 shares in the company, valued at approximately $3,549,832.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Katharine Weymouth bought 540 shares of the firm’s stock in a transaction that occurred on Tuesday, June 4th. The stock was bought at an average price of $185.26 per share, with a total value of $100,040.40. Following the transaction, the director now directly owns 540 shares in the company, valued at $100,040.40. The disclosure for this purchase can be found here. Corporate insiders own 0.09% of the company’s stock.

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.