APG Asset Management N.V. Has $135.41 Million Holdings in Republic Services, Inc. (NYSE:RSG)

APG Asset Management N.V. reduced its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 4.2% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 746,777 shares of the business services provider’s stock after selling 32,602 shares during the quarter. APG Asset Management N.V.’s holdings in Republic Services were worth $135,413,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Republic Services by 0.6% in the first quarter. Vanguard Group Inc. now owns 18,254,878 shares of the business services provider’s stock valued at $3,494,714,000 after purchasing an additional 101,518 shares during the last quarter. Capital World Investors raised its holdings in Republic Services by 20.5% in the 1st quarter. Capital World Investors now owns 7,909,008 shares of the business services provider’s stock valued at $1,514,100,000 after acquiring an additional 1,346,588 shares during the period. TD Asset Management Inc lifted its position in Republic Services by 2.1% during the second quarter. TD Asset Management Inc now owns 1,757,757 shares of the business services provider’s stock worth $341,602,000 after acquiring an additional 35,650 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Republic Services by 0.3% during the second quarter. Bank of New York Mellon Corp now owns 1,476,116 shares of the business services provider’s stock worth $286,868,000 after acquiring an additional 3,809 shares during the period. Finally, Earnest Partners LLC grew its position in shares of Republic Services by 16.9% in the first quarter. Earnest Partners LLC now owns 1,262,519 shares of the business services provider’s stock valued at $241,697,000 after purchasing an additional 182,645 shares during the last quarter. Institutional investors own 57.73% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Oppenheimer reduced their price target on Republic Services from $211.00 to $210.00 and set an “outperform” rating for the company in a research note on Thursday, July 25th. Royal Bank of Canada raised their price target on shares of Republic Services from $201.00 to $211.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 25th. TD Cowen boosted their price objective on shares of Republic Services from $195.00 to $200.00 and gave the company a “hold” rating in a report on Monday, August 5th. Stifel Nicolaus raised their target price on shares of Republic Services from $215.00 to $230.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Finally, StockNews.com downgraded Republic Services from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 1st. Ten research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $211.00.

Republic Services Trading Up 0.5 %

RSG opened at $204.46 on Thursday. The company has a market cap of $64.39 billion, a P/E ratio of 35.87, a PEG ratio of 3.26 and a beta of 0.70. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.05. The company’s 50 day moving average is $202.29 and its 200-day moving average is $194.13. Republic Services, Inc. has a 1-year low of $140.23 and a 1-year high of $208.69.

Republic Services (NYSE:RSG) last posted its earnings results on Wednesday, July 24th. The business services provider reported $1.61 earnings per share for the quarter, topping 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 firm had revenue of $4.05 billion for the quarter, compared to analysts’ expectations of $4.03 billion. Equities research analysts predict that Republic Services, Inc. will post 6.18 earnings per share 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 dividend on an annualized basis and a dividend yield of 1.13%. This is a positive change from Republic Services’s previous quarterly dividend of $0.54. The ex-dividend date is Wednesday, October 2nd. Republic Services’s dividend payout ratio (DPR) is presently 40.70%.

Insider Transactions at Republic Services

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 value of $649,632.00. Following the completion of 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 document filed with the SEC, which can be accessed through this link. Company insiders own 0.09% of the company’s stock.

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.