Republic Services, Inc. (NYSE:RSG) Shares Sold by Brookstone Capital Management

Brookstone Capital Management lessened its holdings in Republic Services, Inc. (NYSE:RSG) by 0.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,058 shares of the business services provider’s stock after selling 54 shares during the period. Brookstone Capital Management’s holdings in Republic Services were worth $2,117,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its position in Republic Services by 0.7% in the third quarter. JPMorgan Chase & Co. now owns 6,658,978 shares of the business services provider’s stock valued at $948,971,000 after buying an additional 44,512 shares during the last quarter. Capital World Investors boosted its stake in shares of Republic Services by 416.9% in the fourth quarter. Capital World Investors now owns 6,562,420 shares of the business services provider’s stock valued at $1,082,209,000 after purchasing an additional 5,292,862 shares during the period. Morgan Stanley increased its position in shares of Republic Services by 4.1% during the third quarter. Morgan Stanley now owns 5,054,359 shares of the business services provider’s stock worth $720,297,000 after acquiring an additional 197,654 shares during the period. Norges Bank purchased a new stake in Republic Services during the 4th quarter worth about $358,837,000. Finally, Ameriprise Financial Inc. increased its position in shares of Republic Services by 0.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,604,598 shares of the business services provider’s stock valued at $228,697,000 after purchasing an additional 4,376 shares during the last quarter. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Republic Services Trading Up 0.4 %

Shares of RSG stock opened at $194.82 on Friday. Republic Services, Inc. has a 1-year low of $140.23 and a 1-year high of $196.76. The firm’s 50-day simple moving average is $188.53 and its 200-day simple moving average is $180.80. The firm has a market cap of $61.35 billion, a P/E ratio of 34.18, a PEG ratio of 3.26 and a beta of 0.68. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.53 and a quick ratio of 0.53.

Republic Services (NYSE:RSG) last announced its quarterly earnings data on Tuesday, April 30th. The business services provider reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.10. The company had revenue of $3.86 billion during the quarter, compared to analysts’ expectations of $3.89 billion. Republic Services had a net margin of 11.81% and a return on equity of 17.56%. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.24 EPS. As a group, equities analysts forecast that Republic Services, Inc. will post 6.05 EPS for the current year.

Republic Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Tuesday, July 2nd will be issued a dividend of $0.535 per share. This represents a $2.14 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date of this dividend is Tuesday, July 2nd. Republic Services’s payout ratio is currently 37.54%.

Analysts Set New Price Targets

Several research firms have issued reports on RSG. 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 price objective for the company. Citigroup raised their price target on Republic Services from $190.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, February 29th. Jefferies Financial Group boosted their target price on Republic Services from $213.00 to $225.00 and gave the company a “buy” rating in a report on Monday, March 18th. UBS Group boosted their price objective 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. Finally, Scotiabank raised their price objective on shares of Republic Services from $211.00 to $213.00 and gave the company a “sector perform” rating in a research report on Wednesday, May 1st. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Republic Services has a consensus rating of “Moderate Buy” and a consensus price target of $201.14.

Insider Buying and Selling

In other Republic Services news, Director Katharine Weymouth acquired 540 shares of the firm’s stock in a transaction on Tuesday, June 4th. The stock was bought at an average cost of $185.26 per share, for a total transaction of $100,040.40. Following the completion of the purchase, the director now directly owns 540 shares in the company, valued at $100,040.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Republic Services news, CMO Amanda Hodges sold 6,500 shares of Republic Services stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $186.02, for a total value of $1,209,130.00. Following the completion of the transaction, the chief marketing officer now directly owns 6,831 shares in the company, valued at $1,270,702.62. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Katharine Weymouth purchased 540 shares of the business’s stock in a transaction dated Tuesday, June 4th. The shares were acquired at an average cost of $185.26 per share, for a total transaction of $100,040.40. Following the acquisition, the director now owns 540 shares of the company’s stock, valued at approximately $100,040.40. The disclosure for this purchase can be found here. 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.