Argent Capital Management LLC Has $22.48 Million Stock Position in Republic Services, Inc. (NYSE:RSG)

Argent Capital Management LLC decreased its position in shares of Republic Services, Inc. (NYSE:RSG) by 1.1% in the 2nd quarter, Holdings Channel reports. The firm owned 115,655 shares of the business services provider’s stock after selling 1,337 shares during the quarter. Argent Capital Management LLC’s holdings in Republic Services were worth $22,476,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Capital World Investors boosted its position in shares of Republic Services by 416.9% during the 4th quarter. Capital World Investors now owns 6,562,420 shares of the business services provider’s stock valued at $1,082,209,000 after purchasing an additional 5,292,862 shares in the last quarter. Norges Bank bought a new position in shares of Republic Services during the 4th quarter worth approximately $358,837,000. TD Asset Management Inc grew its position in shares of Republic Services by 424.7% during the 1st quarter. TD Asset Management Inc now owns 1,722,107 shares of the business services provider’s stock worth $329,680,000 after buying an additional 1,393,918 shares during the period. M&G Plc bought a new stake in shares of Republic Services in the 1st quarter valued at $130,892,000. Finally, Corient Private Wealth LLC boosted its stake in Republic Services by 136.5% during the fourth quarter. Corient Private Wealth LLC now owns 361,900 shares of the business services provider’s stock worth $59,681,000 after acquiring an additional 208,902 shares in the last quarter. 57.73% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Republic Services news, Director Katharine Weymouth purchased 540 shares of the stock in a transaction dated Tuesday, June 4th. The shares were bought at an average price of $185.26 per share, with a total value of $100,040.40. Following the completion of the transaction, the director now directly owns 540 shares in the company, valued at approximately $100,040.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Republic Services news, Director Katharine Weymouth acquired 540 shares of Republic Services stock in a transaction that occurred on Tuesday, June 4th. The stock was acquired at an average cost of $185.26 per share, for a total transaction of $100,040.40. Following the purchase, the director now owns 540 shares of the company’s stock, valued at $100,040.40. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Tomago Collins sold 3,200 shares of the 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 sale, the director now owns 17,486 shares in the company, valued at approximately $3,549,832.86. The disclosure for this sale can be found here. Company insiders own 0.09% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on RSG. Royal Bank of Canada boosted their target price on Republic Services from $201.00 to $211.00 and gave the company a “sector perform” rating in a research report on Thursday, July 25th. StockNews.com lowered shares of Republic Services from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 1st. Stifel Nicolaus raised their price objective on shares of Republic Services from $215.00 to $230.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Republic Services in a research report on Thursday, May 23rd. They set a “hold” rating and a $203.00 target price for the company. Finally, Oppenheimer cut 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. Ten analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $211.00.

Republic Services Stock Performance

Shares of Republic Services stock traded down $0.64 on Friday, reaching $206.27. 675,609 shares of the company traded hands, compared to its average volume of 1,194,672. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.59 and a quick ratio of 0.59. The firm has a market capitalization of $64.96 billion, a PE ratio of 36.19, a PEG ratio of 3.26 and a beta of 0.69. The company has a 50 day moving average of $197.97 and a 200 day moving average of $190.24. Republic Services, Inc. has a 52 week low of $140.23 and a 52 week high of $208.00.

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

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 issued a dividend of $0.58 per share. The ex-dividend date is Wednesday, October 2nd. This is an increase from Republic Services’s previous quarterly dividend of $0.54. This represents a $2.32 annualized dividend and a yield of 1.12%. Republic Services’s dividend payout ratio is 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.