Cambridge Investment Research Advisors Inc. Grows Position in Republic Services, Inc. (RSG)

Cambridge Investment Research Advisors Inc. increased its position in Republic Services, Inc. (NYSE:RSG) by 0.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,821 shares of the business services provider’s stock after buying an additional 16 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Republic Services were worth $307,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. MUFG Americas Holdings Corp increased its holdings in Republic Services by 0.4% in the second quarter. MUFG Americas Holdings Corp now owns 4,971 shares of the business services provider’s stock worth $317,000 after buying an additional 20 shares during the last quarter. Blue Chip Partners Inc. increased its holdings in Republic Services by 0.5% in the second quarter. Blue Chip Partners Inc. now owns 4,763 shares of the business services provider’s stock worth $304,000 after buying an additional 25 shares during the last quarter. Pinnacle Financial Partners Inc. increased its holdings in Republic Services by 1.9% in the second quarter. Pinnacle Financial Partners Inc. now owns 3,293 shares of the business services provider’s stock worth $210,000 after buying an additional 60 shares during the last quarter. Blair William & Co. IL increased its holdings in Republic Services by 0.3% in the first quarter. Blair William & Co. IL now owns 26,078 shares of the business services provider’s stock worth $1,617,000 after buying an additional 70 shares during the last quarter. Finally, CLS Investments LLC increased its holdings in Republic Services by 0.3% in the second quarter. CLS Investments LLC now owns 24,878 shares of the business services provider’s stock worth $1,585,000 after buying an additional 86 shares during the last quarter. Hedge funds and other institutional investors own 60.59% of the company’s stock.

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A number of research firms recently commented on RSG. Royal Bank Of Canada restated an “outperform” rating on shares of Republic Services in a report on Thursday, September 7th. KeyCorp restated a “hold” rating on shares of Republic Services in a report on Thursday, August 24th. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Republic Services in a report on Friday, August 25th. BidaskClub downgraded Republic Services from a “hold” rating to a “sell” rating in a report on Thursday, August 17th. Finally, Zacks Investment Research downgraded Republic Services from a “buy” rating to a “hold” rating in a report on Monday, July 31st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $71.88.

Shares of Republic Services, Inc. (RSG) opened at 66.89 on Friday. Republic Services, Inc. has a 12 month low of $49.18 and a 12 month high of $66.93. The firm’s 50-day moving average price is $64.84 and its 200-day moving average price is $63.72. The company has a market cap of $22.53 billion, a PE ratio of 34.34 and a beta of 0.60.

Republic Services (NYSE:RSG) last announced its earnings results on Thursday, July 27th. The business services provider reported $0.61 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.02. Republic Services had a return on equity of 10.42% and a net margin of 6.86%. The business had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.47 billion. During the same quarter last year, the firm earned $0.55 EPS. Republic Services’s revenue for the quarter was up 7.5% compared to the same quarter last year. Equities analysts predict that Republic Services, Inc. will post $2.39 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Monday, October 2nd will be given a $0.345 dividend. This represents a $1.38 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date is Friday, September 29th. This is a positive change from Republic Services’s previous quarterly dividend of $0.32. Republic Services’s dividend payout ratio (DPR) is currently 65.64%.

In related news, EVP Jeffrey A. Hughes sold 6,329 shares of Republic Services stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $66.50, for a total value of $420,878.50. Following the sale, the executive vice president now owns 428 shares of the company’s stock, valued at approximately $28,462. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.40% of the stock is currently owned by company insiders.

About Republic Services

Republic Services, Inc is a provider of non-hazardous solid waste collection, transfer, disposal, recycling and energy services. The Company’s segments include Group 1, Group 2 and Corporate entities. Its Group 1 and Group 2 segments provide integrated waste management services. Group 1 consists of geographic areas located in the western and portions of the mid-western United States.

Institutional Ownership by Quarter for Republic Services (NYSE:RSG)

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