Republic Services, Inc. (NYSE:RSG) Shares Sold by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC trimmed its position in Republic Services, Inc. (NYSE:RSG) by 4.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,972 shares of the business services provider’s stock after selling 100 shares during the period. Kingswood Wealth Advisors LLC’s holdings in Republic Services were worth $383,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of RSG. Unigestion Holding SA raised its position in Republic Services by 2,178.2% in the fourth quarter. Unigestion Holding SA now owns 127,647 shares of the business services provider’s stock worth $21,048,000 after acquiring an additional 122,044 shares in the last quarter. Bank of Nova Scotia boosted its holdings in Republic Services by 52.3% during the fourth quarter. Bank of Nova Scotia now owns 214,504 shares of the business services provider’s stock worth $35,357,000 after buying an additional 73,651 shares in the last quarter. TCW Group Inc. acquired a new position in Republic Services in the fourth quarter worth approximately $17,903,000. Hsbc Holdings PLC increased its holdings in shares of Republic Services by 8.7% in the fourth quarter. Hsbc Holdings PLC now owns 456,726 shares of the business services provider’s stock valued at $75,297,000 after buying an additional 36,484 shares in the last quarter. Finally, Allianz Asset Management GmbH lifted its holdings in shares of Republic Services by 10.4% during the fourth quarter. Allianz Asset Management GmbH now owns 591,209 shares of the business services provider’s stock valued at $97,496,000 after purchasing an additional 55,668 shares during the last quarter. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Republic Services Stock Performance

Shares of NYSE:RSG traded up $4.94 during trading on Wednesday, reaching $201.64. The stock had a trading volume of 2,852,651 shares, compared to its average volume of 1,234,950. The stock has a fifty day simple moving average of $193.55 and a two-hundred day simple moving average of $187.60. 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, Inc. has a 52 week low of $140.23 and a 52 week high of $206.54. The firm has a market capitalization of $63.33 billion, a price-to-earnings ratio of 34.51, a P/E/G ratio of 3.22 and a beta of 0.69.

Republic Services Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Wednesday, October 2nd will be issued a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 1.15%. This is a boost 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 37.54%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Robert W. Baird lifted their price objective on shares of Republic Services from $208.00 to $210.00 and gave the stock a “neutral” rating in a research report on Thursday, July 25th. BMO Capital Markets lifted their target price on Republic Services from $209.00 to $211.00 and gave the company a “market perform” rating in a research note on Thursday, July 25th. Scotiabank increased their price target on shares of Republic Services from $211.00 to $213.00 and gave the stock a “sector perform” rating in a research report on Wednesday, May 1st. 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 research report on Monday. Finally, Stifel Nicolaus increased their target price on shares of Republic Services from $215.00 to $230.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Ten equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $211.00.

Insider Activity

In other Republic Services news, Director Katharine Weymouth bought 540 shares of the firm’s stock in a transaction that occurred on Tuesday, June 4th. The stock was purchased at an average price of $185.26 per share, for a total transaction of $100,040.40. Following the purchase, the director now directly owns 540 shares in the company, valued at $100,040.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.09% of the stock is currently owned by company insiders.

About Republic Services

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.