Mercer Global Advisors Inc. ADV Has $5.19 Million Position in Republic Services, Inc. (NYSE:RSG)

Mercer Global Advisors Inc. ADV grew its stake in Republic Services, Inc. (NYSE:RSG) by 3.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,702 shares of the business services provider’s stock after buying an additional 813 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Republic Services were worth $5,189,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. YHB Investment Advisors Inc. bought a new stake in Republic Services during the first quarter valued at $29,000. EntryPoint Capital LLC bought a new stake in shares of Republic Services during the 1st quarter valued at about $29,000. Jones Financial Companies Lllp grew its stake in Republic Services by 3,014.3% during the fourth quarter. Jones Financial Companies Lllp now owns 218 shares of the business services provider’s stock worth $36,000 after purchasing an additional 211 shares during the period. Indiana Trust & Investment Management CO bought a new stake in Republic Services in the second quarter worth approximately $45,000. Finally, Johnson Financial Group Inc. acquired a new position in Republic Services in the fourth quarter valued at approximately $50,000. 57.73% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on RSG. Oppenheimer dropped their target price on shares of Republic Services from $211.00 to $210.00 and set an “outperform” rating on the stock in a research report on Thursday, July 25th. CIBC increased their price objective on shares of Republic Services from $196.00 to $208.00 and gave the stock a “neutral” rating in a research report on Thursday, July 25th. Robert W. Baird boosted their target price on Republic Services from $208.00 to $210.00 and gave the company a “neutral” rating in a research report on Thursday, July 25th. Raymond James reduced their price objective on Republic Services from $219.00 to $214.00 and set an “outperform” rating for the company in a research note on Thursday, July 25th. Finally, StockNews.com lowered Republic Services from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 1st. Ten investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, Republic Services has an average rating of “Hold” and an average price target of $211.00.

Insider Transactions at Republic Services

In other Republic Services news, Director Tomago Collins sold 3,200 shares of the firm’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $203.01, for a total value of $649,632.00. Following the completion of the sale, the director now directly owns 17,486 shares of the company’s stock, valued at $3,549,832.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.09% of the stock is currently owned by company insiders.

Republic Services Stock Performance

RSG stock opened at $201.39 on Friday. The business has a 50 day moving average of $202.28 and a 200-day moving average of $193.79. 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, Inc. has a 12-month low of $140.23 and a 12-month high of $208.69. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.05.

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

Republic Services Increases Dividend

The business 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 an increase from Republic Services’s previous quarterly dividend of $0.54. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date is Wednesday, October 2nd. Republic Services’s dividend payout ratio is currently 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.