Republic Services, Inc. (NYSE:RSG) Shares Bought by Kathmere Capital Management LLC

Kathmere Capital Management LLC increased its position in Republic Services, Inc. (NYSE:RSG) by 4.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,274 shares of the business services provider’s stock after acquiring an additional 136 shares during the period. Kathmere Capital Management LLC’s holdings in Republic Services were worth $636,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of RSG. Susquehanna Fundamental Investments LLC grew its holdings in Republic Services by 695.0% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 46,903 shares of the business services provider’s stock worth $9,115,000 after buying an additional 41,003 shares in the last quarter. Legal & General Group Plc raised its position in shares of Republic Services by 5.4% during the 2nd quarter. Legal & General Group Plc now owns 1,808,580 shares of the business services provider’s stock worth $351,480,000 after buying an additional 92,013 shares in the last quarter. Maverick Capital Ltd. acquired a new stake in Republic Services in the second quarter worth approximately $223,000. MBB Public Markets I LLC boosted its holdings in Republic Services by 852.2% during the second quarter. MBB Public Markets I LLC now owns 15,939 shares of the business services provider’s stock worth $3,098,000 after buying an additional 14,265 shares in the last quarter. Finally, Earnest Partners LLC grew its holdings in shares of Republic Services by 1.9% in the 2nd quarter. Earnest Partners LLC now owns 1,286,053 shares of the business services provider’s stock worth $249,932,000 after acquiring an additional 23,534 shares during the last quarter. 57.73% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on RSG shares. BMO Capital Markets upped their price objective on shares of Republic Services from $209.00 to $211.00 and gave the company a “market perform” rating in a research note on Thursday, July 25th. Raymond James cut their target price on shares of Republic Services from $219.00 to $214.00 and set an “outperform” rating on the stock in a research note on Thursday, July 25th. StockNews.com downgraded Republic Services from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 1st. Robert W. Baird upped their price target on Republic Services from $208.00 to $210.00 and gave the company a “neutral” rating in a research report on Thursday, July 25th. Finally, Royal Bank of Canada lifted their target price on Republic Services from $201.00 to $211.00 and gave the company a “sector perform” rating in a research note on Thursday, July 25th. Ten investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, Republic Services has a consensus rating of “Hold” and a consensus price target of $211.00.

Republic Services Stock Down 0.7 %

Republic Services stock opened at $199.38 on Friday. 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 1-year low of $140.23 and a 1-year high of $208.69. The firm’s fifty day simple moving average is $202.12 and its 200-day simple moving average is $194.41. The company has a market capitalization of $62.62 billion, a P/E ratio of 34.98, a P/E/G ratio of 3.26 and a beta of 0.70.

Republic Services (NYSE:RSG) last posted its earnings results on Wednesday, July 24th. The business services provider reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.08. The company had revenue of $4.05 billion for the quarter, compared to analyst estimates of $4.03 billion. Republic Services had a return on equity of 17.81% and a net margin of 12.11%. Sell-side analysts forecast that Republic Services, Inc. will post 6.18 earnings per share for the current fiscal year.

Republic Services Increases Dividend

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

Insider Buying and Selling at Republic Services

In other news, Director Tomago Collins sold 3,200 shares of the business’s stock in a transaction on 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 sale, the director now directly owns 17,486 shares in the company, valued at $3,549,832.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.09% of the company’s stock.

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.