EverSource Wealth Advisors LLC Sells 127 Shares of Republic Services, Inc. (NYSE:RSG)

EverSource Wealth Advisors LLC cut its position in Republic Services, Inc. (NYSE:RSG) by 2.4% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,212 shares of the business services provider’s stock after selling 127 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Republic Services were worth $1,013,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in RSG. Wells Fargo & Company MN raised its holdings in Republic Services by 4.4% in the fourth quarter. Wells Fargo & Company MN now owns 247,955 shares of the business services provider’s stock worth $40,890,000 after purchasing an additional 10,509 shares in the last quarter. Clearbridge Investments LLC acquired a new position in shares of Republic Services during the fourth quarter valued at about $446,000. Ontario Teachers Pension Plan Board acquired a new position in shares of Republic Services during the fourth quarter valued at about $968,000. Orion Portfolio Solutions LLC increased its holdings in shares of Republic Services by 21.5% during the fourth quarter. Orion Portfolio Solutions LLC now owns 38,939 shares of the business services provider’s stock valued at $6,400,000 after acquiring an additional 6,878 shares in the last quarter. Finally, Skopos Labs Inc. acquired a new position in shares of Republic Services during the fourth quarter valued at about $221,000. 57.73% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Tomago Collins sold 3,200 shares of the stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $203.01, for a total transaction of $649,632.00. Following 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 Securities & Exchange Commission, which is available at this link. Insiders own 0.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on RSG shares. Royal Bank of Canada upped their price objective on shares of Republic Services from $201.00 to $211.00 and gave the company a “sector perform” rating in a report on Thursday, July 25th. CIBC upped their price objective 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. Raymond James dropped their target price on Republic Services from $219.00 to $214.00 and set an “outperform” rating on the stock in a research report on Thursday, July 25th. StockNews.com lowered Republic Services from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 1st. Finally, TD Cowen upped their target price on Republic Services from $195.00 to $200.00 and gave the company a “hold” rating in a research report on Monday, August 5th. Ten analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $211.00.

Republic Services Trading Up 0.2 %

Republic Services stock opened at $201.39 on Monday. 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 12 month low of $140.23 and a 12 month high of $208.69. The stock’s 50 day simple moving average is $202.28 and its two-hundred day simple moving average is $193.86. The firm has a market cap of $63.42 billion, a PE ratio of 35.33, a P/E/G ratio of 3.30 and a beta of 0.70.

Republic Services (NYSE:RSG) last released its quarterly earnings data on Wednesday, July 24th. The business services provider reported $1.61 EPS for the quarter, topping the consensus estimate of $1.53 by $0.08. Republic Services had a return on equity of 17.81% and a net margin of 12.11%. The business had revenue of $4.05 billion for the quarter, compared to analyst estimates of $4.03 billion. Analysts anticipate that Republic Services, Inc. will post 6.18 earnings per share for the current year.

Republic Services Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders 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. The ex-dividend date is Wednesday, October 2nd. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.15%. Republic Services’s dividend payout ratio (DPR) is 40.70%.

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.