Republic Services, Inc. (NYSE:RSG) Shares Bought by Moors & Cabot Inc.

Moors & Cabot Inc. increased its position in Republic Services, Inc. (NYSE:RSG) by 23.3% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 6,576 shares of the business services provider’s stock after acquiring an additional 1,241 shares during the period. Moors & Cabot Inc.’s holdings in Republic Services were worth $1,278,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of RSG. YHB Investment Advisors Inc. acquired a new stake in shares of Republic Services during the first quarter worth $29,000. EntryPoint Capital LLC acquired a new stake in Republic Services in the 1st quarter worth about $29,000. Jones Financial Companies Lllp grew its holdings in Republic Services by 3,014.3% in the 4th quarter. Jones Financial Companies Lllp now owns 218 shares of the business services provider’s stock valued at $36,000 after buying an additional 211 shares during the period. Indiana Trust & Investment Management CO purchased a new position in shares of Republic Services during the 2nd quarter worth about $45,000. Finally, Frazier Financial Advisors LLC acquired a new stake in shares of Republic Services in the fourth quarter worth approximately $50,000. Institutional investors and hedge funds own 57.73% of the company’s stock.

Republic Services Stock Down 1.3 %

Shares of Republic Services stock opened at $199.18 on Thursday. Republic Services, Inc. has a 1-year low of $140.23 and a 1-year high of $208.69. The company has a market capitalization of $62.56 billion, a PE ratio of 34.94, a P/E/G ratio of 3.29 and a beta of 0.70. 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 has a 50-day moving average of $202.21 and a 200-day moving average of $193.56.

Republic Services (NYSE:RSG) last issued its quarterly earnings data on Wednesday, July 24th. The business services provider reported $1.61 earnings per share for the quarter, beating analysts’ consensus estimates of $1.53 by $0.08. Republic Services had a return on equity of 17.81% and a net margin of 12.11%. The firm had revenue of $4.05 billion during the quarter, compared to analyst estimates of $4.03 billion. As a group, equities analysts forecast that Republic Services, Inc. will post 6.18 EPS for the current fiscal year.

Republic Services Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Wednesday, October 2nd will be paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 1.16%. This is an increase from Republic Services’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend is Wednesday, October 2nd. Republic Services’s dividend payout ratio (DPR) is 37.54%.

Insider Activity at Republic Services

In other news, Director Tomago Collins sold 3,200 shares of Republic Services stock in a transaction that occurred on Friday, August 16th. The stock was 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 SEC, which is available through this hyperlink. 0.09% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have weighed in on RSG shares. Stifel Nicolaus increased their price target on shares of Republic Services from $215.00 to $230.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. Robert W. Baird lifted their target price on Republic Services from $208.00 to $210.00 and gave the company a “neutral” rating in a report on Thursday, July 25th. Deutsche Bank Aktiengesellschaft began coverage on Republic Services in a research note on Thursday, May 23rd. They set a “hold” rating and a $203.00 price target for the company. TD Cowen lifted their price objective on Republic Services from $195.00 to $200.00 and gave the company a “hold” rating in a research note on Monday, August 5th. Finally, CIBC raised their price target on shares of Republic Services from $196.00 to $208.00 and gave the company a “neutral” rating in a report on Thursday, July 25th. Ten investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, Republic Services presently has an average rating of “Hold” and a consensus price target of $211.00.

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.