Prairie Wealth Advisors Inc. Has $669,000 Position in Republic Services, Inc. (NYSE:RSG)

Prairie Wealth Advisors Inc. lessened its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 2.7% in the 2nd quarter, Holdings Channel.com reports. The firm owned 3,442 shares of the business services provider’s stock after selling 94 shares during the quarter. Prairie Wealth Advisors Inc.’s holdings in Republic Services were worth $669,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. YHB Investment Advisors Inc. acquired a new stake in Republic Services in the 1st quarter worth $29,000. EntryPoint Capital LLC acquired a new position in Republic Services in the 1st quarter valued at approximately $29,000. Jones Financial Companies Lllp lifted its position in shares of Republic Services by 3,014.3% in the 4th quarter. Jones Financial Companies Lllp now owns 218 shares of the business services provider’s stock worth $36,000 after acquiring an additional 211 shares during the period. Itau Unibanco Holding S.A. acquired a new stake in shares of Republic Services during the 2nd quarter worth approximately $36,000. Finally, Indiana Trust & Investment Management CO bought a new stake in shares of Republic Services during the second quarter valued at approximately $45,000. Institutional investors own 57.73% of the company’s stock.

Insider Buying and Selling

In other news, Director Tomago Collins sold 3,200 shares of the firm’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $203.01, for a total value of $649,632.00. Following the transaction, the director now owns 17,486 shares of the company’s stock, valued at approximately $3,549,832.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on RSG. Raymond James reduced their target price on Republic Services from $219.00 to $214.00 and set an “outperform” rating for the company in a research report on Thursday, July 25th. Stifel Nicolaus lifted their target price on shares of Republic Services from $215.00 to $230.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. TD Cowen increased their price target on shares of Republic Services from $195.00 to $200.00 and gave the stock a “hold” rating in a research report on Monday, August 5th. BMO Capital Markets lifted their price objective on Republic Services from $209.00 to $211.00 and gave the company a “market perform” rating in a report on Thursday, July 25th. Finally, Oppenheimer cut their target price on Republic Services from $211.00 to $210.00 and set an “outperform” rating for the company in a research report on Thursday, July 25th. Ten analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Republic Services has a consensus rating of “Hold” and an average price target of $211.00.

Republic Services Stock Up 0.3 %

Shares of NYSE:RSG opened at $203.39 on Wednesday. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.05. The firm has a market cap of $63.88 billion, a P/E ratio of 35.68, a P/E/G ratio of 3.26 and a beta of 0.70. Republic Services, Inc. has a 12 month low of $140.23 and a 12 month high of $208.69. The company’s 50-day moving average price is $202.29 and its two-hundred day moving average price is $194.13.

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

Republic Services Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Wednesday, October 2nd will be paid a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend is Wednesday, October 2nd. This is a positive change from Republic Services’s previous quarterly dividend of $0.54. Republic Services’s dividend payout ratio is 37.54%.

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.