Public Employees Retirement Association of Colorado Has $5.96 Million Stake in Republic Services, Inc. (NYSE:RSG)

Public Employees Retirement Association of Colorado reduced its stake in Republic Services, Inc. (NYSE:RSG) by 3.5% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 30,666 shares of the business services provider’s stock after selling 1,100 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Republic Services were worth $5,960,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. YHB Investment Advisors Inc. bought a new stake in shares of Republic Services during the 1st quarter worth $29,000. EntryPoint Capital LLC bought a new stake in Republic Services during the first quarter valued at about $29,000. Jones Financial Companies Lllp increased its stake in shares of Republic Services by 3,014.3% in 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 acquired a new position in shares of Republic Services during the 2nd quarter worth about $45,000. Finally, Johnson Financial Group Inc. bought a new stake in Republic Services during the 4th quarter valued at approximately $50,000. Institutional investors own 57.73% of the company’s stock.

Republic Services Stock Up 0.2 %

Shares of RSG opened at $201.39 on Monday. The business’s 50 day simple moving average is $202.28 and its 200-day simple moving average is $193.86. Republic Services, Inc. has a one year low of $140.23 and a one year high of $208.69. The company has a market capitalization of $63.42 billion, a P/E ratio of 35.33, a PEG ratio of 3.30 and a beta of 0.70. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.59 and a quick ratio of 0.59.

Republic Services (NYSE:RSG) last announced its 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. The company 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 predict that Republic Services, Inc. will post 6.18 EPS for the current fiscal 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 represents a $2.32 dividend on an annualized basis and a dividend yield of 1.15%. This is a positive change from Republic Services’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend is Wednesday, October 2nd. Republic Services’s dividend payout ratio is presently 40.70%.

Insider Activity

In other Republic Services news, Director Tomago Collins sold 3,200 shares of the company’s stock in a transaction 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 of the company’s stock, valued at approximately $3,549,832.86. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.09% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Oppenheimer lowered their price objective on shares of Republic Services from $211.00 to $210.00 and set an “outperform” rating on the stock in a research note on Thursday, July 25th. StockNews.com lowered shares of Republic Services from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 1st. Stifel Nicolaus lifted their target price on Republic Services from $215.00 to $230.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. CIBC upped their price target on Republic Services from $196.00 to $208.00 and gave the company a “neutral” rating in a report on Thursday, July 25th. Finally, TD Cowen lifted their price objective on Republic Services from $195.00 to $200.00 and gave the stock a “hold” rating in a report on Monday, August 5th. Ten equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $211.00.

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.