Republic Services, Inc. (NYSE:RSG) Stake Raised by Sapient Capital LLC

Sapient Capital LLC increased its holdings in Republic Services, Inc. (NYSE:RSG) by 26.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,377 shares of the business services provider’s stock after acquiring an additional 288 shares during the period. Sapient Capital LLC’s holdings in Republic Services were worth $268,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of RSG. Allworth Financial LP lifted its stake in Republic Services by 35.2% in the 4th quarter. Allworth Financial LP now owns 699 shares of the business services provider’s stock worth $115,000 after acquiring an additional 182 shares in the last quarter. International Assets Investment Management LLC raised its stake in shares of Republic Services by 34,679.9% during the 4th quarter. International Assets Investment Management LLC now owns 185,029 shares of the business services provider’s stock worth $30,513,000 after purchasing an additional 184,497 shares in the last quarter. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Republic Services during the 4th quarter worth about $34,000. Sequoia Financial Advisors LLC raised its stake in shares of Republic Services by 58.9% during the 4th quarter. Sequoia Financial Advisors LLC now owns 3,980 shares of the business services provider’s stock worth $656,000 after purchasing an additional 1,475 shares in the last quarter. Finally, Financial Counselors Inc. raised its stake in shares of Republic Services by 11.8% during the 4th quarter. Financial Counselors Inc. now owns 2,082 shares of the business services provider’s stock worth $343,000 after purchasing an additional 219 shares in the last quarter. 57.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Oppenheimer lowered their price objective on Republic Services from $211.00 to $210.00 and set an “outperform” rating on the stock in a report on Thursday, July 25th. Deutsche Bank Aktiengesellschaft began coverage on Republic Services in a report on Thursday, May 23rd. They issued a “hold” rating and a $203.00 target price on the stock. UBS Group raised their price objective on Republic Services from $195.00 to $200.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 1st. 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 report on Thursday, July 25th. Finally, The Goldman Sachs Group raised their price objective on Republic Services from $209.00 to $230.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Ten analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $211.00.

Insider Buying and Selling at Republic Services

In other news, Director Katharine Weymouth bought 540 shares of the stock in a transaction dated Tuesday, June 4th. The stock was bought at an average cost of $185.26 per share, with a total value of $100,040.40. Following the purchase, the director now owns 540 shares of the company’s stock, valued at $100,040.40. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.09% of the company’s stock.

Republic Services Price Performance

RSG traded down $1.68 during trading on Monday, hitting $199.54. The company’s stock had a trading volume of 426,692 shares, compared to its average volume of 1,226,742. The firm’s 50 day moving average price is $194.66 and its two-hundred day moving average price is $188.28. 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 12 month low of $140.23 and a 12 month high of $206.54. The stock has a market capitalization of $62.84 billion, a price-to-earnings ratio of 35.30, a price-to-earnings-growth ratio of 3.16 and a beta of 0.69.

Republic Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Wednesday, October 2nd will be given a $0.58 dividend. This is an increase from Republic Services’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend is Wednesday, October 2nd. This represents a $2.32 annualized dividend and a yield of 1.16%. Republic Services’s payout ratio is presently 40.70%.

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.