Quotient Wealth Partners LLC Cuts Stock Holdings in Republic Services, Inc. (NYSE:RSG)

Quotient Wealth Partners LLC decreased its position in shares of Republic Services, Inc. (NYSE:RSG) by 29.8% during the third quarter, HoldingsChannel reports. The institutional investor owned 1,578 shares of the business services provider’s stock after selling 669 shares during the period. Quotient Wealth Partners LLC’s holdings in Republic Services were worth $317,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. TD Asset Management Inc boosted its holdings in Republic Services by 424.7% in the first quarter. TD Asset Management Inc now owns 1,722,107 shares of the business services provider’s stock worth $329,680,000 after purchasing an additional 1,393,918 shares during the last quarter. Capital World Investors boosted its holdings in Republic Services by 20.5% in the first quarter. Capital World Investors now owns 7,909,008 shares of the business services provider’s stock worth $1,514,100,000 after purchasing an additional 1,346,588 shares during the last quarter. M&G Plc purchased a new stake in Republic Services in the first quarter worth approximately $130,892,000. Earnest Partners LLC boosted its holdings in 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 worth $241,697,000 after purchasing an additional 182,645 shares during the last quarter. Finally, SG Americas Securities LLC boosted its holdings in Republic Services by 235.4% in the first quarter. SG Americas Securities LLC now owns 255,007 shares of the business services provider’s stock worth $48,819,000 after purchasing an additional 178,969 shares during the last quarter. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Insider Activity at Republic Services

In related news, Director Tomago Collins sold 3,200 shares of Republic Services stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $203.01, for a total transaction of $649,632.00. Following the completion of the sale, the director now owns 17,486 shares in the company, valued at $3,549,832.86. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.09% of the stock is currently owned by company insiders.

Republic Services Stock Performance

Shares of NYSE:RSG opened at $203.08 on Friday. Republic Services, Inc. has a 52 week low of $142.65 and a 52 week high of $208.69. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.05. The firm has a fifty day simple moving average of $203.08 and a two-hundred day simple moving average of $195.17. The stock has a market capitalization of $63.78 billion, a P/E ratio of 34.02, a PEG ratio of 3.29 and a beta of 0.69.

Republic Services (NYSE:RSG) last released its quarterly earnings results on Wednesday, July 24th. The business services provider reported $1.61 EPS 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 during the quarter, compared to analysts’ expectations of $4.03 billion. On average, analysts expect that Republic Services, Inc. will post 6.18 earnings per share for the current fiscal year.

Republic Services Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Wednesday, October 2nd will be issued a dividend of $0.58 per share. This is a positive change from Republic Services’s previous quarterly dividend of $0.54. The ex-dividend date is Wednesday, October 2nd. This represents a $2.32 dividend on an annualized basis and a yield of 1.14%. Republic Services’s dividend payout ratio (DPR) is presently 38.86%.

Wall Street Analyst Weigh In

RSG has been the topic of several recent research reports. Royal Bank of Canada increased 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. CIBC increased their price target on shares of Republic Services from $196.00 to $208.00 and gave the stock a “neutral” rating in a research report on Thursday, July 25th. Stifel Nicolaus increased their price target 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. Oppenheimer decreased 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 report on Thursday, July 25th. Finally, William Blair started coverage on shares of Republic Services in a research report on Thursday, October 3rd. They set an “outperform” rating on the stock. Ten analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, Republic Services has a consensus rating of “Moderate Buy” and an average target price of $211.65.

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.