WINTON GROUP Ltd Trims Stock Position in Republic Services, Inc. (NYSE:RSG)

WINTON GROUP Ltd lessened its position in shares of Republic Services, Inc. (NYSE:RSG) by 92.7% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,943 shares of the business services provider’s stock after selling 24,662 shares during the quarter. WINTON GROUP Ltd’s holdings in Republic Services were worth $378,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. RFG Advisory LLC raised its position in Republic Services by 0.5% in the second quarter. RFG Advisory LLC now owns 10,603 shares of the business services provider’s stock valued at $2,061,000 after purchasing an additional 53 shares during the period. Commerzbank Aktiengesellschaft FI grew its stake in shares of Republic Services by 2.9% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 1,860 shares of the business services provider’s stock worth $362,000 after acquiring an additional 53 shares in the last quarter. Capital Advisors Ltd. LLC grew its stake in shares of Republic Services by 2.9% in the first quarter. Capital Advisors Ltd. LLC now owns 1,903 shares of the business services provider’s stock worth $364,000 after acquiring an additional 54 shares in the last quarter. Hexagon Capital Partners LLC grew its stake in shares of Republic Services by 4.0% in the second quarter. Hexagon Capital Partners LLC now owns 1,433 shares of the business services provider’s stock worth $278,000 after acquiring an additional 55 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in shares of Republic Services by 1.2% in the second quarter. Assenagon Asset Management S.A. now owns 4,917 shares of the business services provider’s stock worth $956,000 after acquiring an additional 57 shares in the last quarter. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Insiders Place Their Bets

In related news, Director Tomago Collins sold 3,200 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $203.01, for a total transaction of $649,632.00. Following the sale, the director now owns 17,486 shares in the company, valued at $3,549,832.86. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.09% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. TD Cowen boosted their price target on shares of Republic Services from $195.00 to $200.00 and gave the stock a “hold” rating in a research note on Monday, August 5th. Stifel Nicolaus boosted 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. Deutsche Bank Aktiengesellschaft started coverage on shares of Republic Services in a research note on Thursday, May 23rd. They set a “hold” rating and a $203.00 target price for the company. Oppenheimer lowered their target price on shares of Republic Services from $211.00 to $210.00 and set an “outperform” rating for the company in a research note on Thursday, July 25th. Finally, Robert W. Baird boosted their target price on shares of Republic Services from $208.00 to $210.00 and gave the stock a “neutral” rating in a research note on Thursday, July 25th. Ten equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Republic Services currently has an average rating of “Hold” and an average target price of $211.00.

Republic Services Price Performance

Shares of NYSE:RSG opened at $199.18 on Thursday. The company has a 50-day simple moving average of $202.21 and a 200-day simple moving average of $193.56. Republic Services, Inc. has a one year low of $140.23 and a one year high of $208.69. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.59 and a current ratio of 0.59. The stock has a market capitalization of $62.56 billion, a price-to-earnings ratio of 34.94, a PEG ratio of 3.29 and a beta of 0.70.

Republic Services (NYSE:RSG) last posted its quarterly earnings results on Wednesday, July 24th. The business services provider reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.53 by $0.08. The firm had revenue of $4.05 billion during the quarter, compared to analysts’ expectations of $4.03 billion. Republic Services had a net margin of 12.11% and a return on equity of 17.81%. On average, analysts predict that Republic Services, Inc. will post 6.18 EPS for the current 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. This is a positive change from Republic Services’s previous quarterly dividend of $0.54. This represents a $2.32 annualized dividend and a yield of 1.16%. The ex-dividend date of this dividend is Wednesday, October 2nd. Republic Services’s dividend payout ratio is presently 37.54%.

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.