Republic Services, Inc. (RSG) Stake Increased by Dubuque Bank & Trust Co.

Dubuque Bank & Trust Co. increased its position in Republic Services, Inc. (NYSE:RSG) by 74.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 480 shares of the business services provider’s stock after purchasing an additional 205 shares during the period. Dubuque Bank & Trust Co.’s holdings in Republic Services were worth $38,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. FTB Advisors Inc. purchased a new stake in Republic Services in the 4th quarter worth approximately $25,000. Oregon Public Employees Retirement Fund increased its holdings in Republic Services by 13,200.1% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,319,168 shares of the business services provider’s stock worth $46,000 after acquiring an additional 3,294,212 shares in the last quarter. Claybrook Capital LLC purchased a new stake in Republic Services in the 4th quarter worth approximately $46,000. Capital Investment Advisory Services LLC purchased a new stake in Republic Services in the 4th quarter worth approximately $67,000. Finally, Lavaca Capital LLC purchased a new stake in Republic Services in the 4th quarter worth approximately $76,000. Institutional investors own 60.77% of the company’s stock.

NYSE RSG opened at $80.55 on Friday. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.96. The company has a market cap of $25.59 billion, a PE ratio of 26.07, a PEG ratio of 2.78 and a beta of 0.58. Republic Services, Inc. has a one year low of $64.13 and a one year high of $81.51.

Republic Services (NYSE:RSG) last posted its earnings results on Thursday, April 25th. The business services provider reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.01. Republic Services had a return on equity of 12.84% and a net margin of 10.33%. The firm had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same period in the prior year, the company earned $0.74 EPS. The company’s quarterly revenue was up 1.8% compared to the same quarter last year. On average, sell-side analysts expect that Republic Services, Inc. will post 3.24 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Monday, July 1st will be issued a dividend of $0.375 per share. The ex-dividend date is Friday, June 28th. This represents a $1.50 annualized dividend and a yield of 1.86%. Republic Services’s payout ratio is presently 48.54%.

In related news, Director Tomago Collins sold 4,102 shares of the stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $80.59, for a total transaction of $330,580.18. Following the sale, the director now owns 14,821 shares in the company, valued at approximately $1,194,424.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ramon A. Rodriguez sold 5,480 shares of the stock in a transaction on Monday, March 25th. The shares were sold at an average price of $79.75, for a total value of $437,030.00. The disclosure for this sale can be found here. Insiders have sold a total of 19,700 shares of company stock worth $1,581,097 in the last 90 days. 0.30% of the stock is currently owned by insiders.

RSG has been the subject of several analyst reports. Stifel Nicolaus lowered shares of Republic Services from a “buy” rating to a “hold” rating and set a $86.00 target price for the company. in a report on Thursday, April 11th. KeyCorp initiated coverage on shares of Republic Services in a report on Monday, February 4th. They issued a “sector weight” rating and a $77.73 target price for the company. Zacks Investment Research raised shares of Republic Services from a “sell” rating to a “hold” rating in a report on Monday, February 18th. UBS Group downgraded Republic Services from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $83.00 to $77.00 in a research note on Thursday, January 10th. Finally, Bank of America restated a “neutral” rating and issued a $85.00 price target (up from $79.00) on shares of Republic Services in a research note on Friday. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $80.68.

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Republic Services Profile

Republic Services, Inc, together with its subsidiaries, provides non-hazardous solid waste collection, transfer, recycling, disposal, and energy services for small-container, large-container, municipal and residential, and energy services customers in the United States and Puerto Rico. The company's collection services include curbside collection of waste for transport to transfer stations, landfills, or recycling processing centers; supply of waste containers; and renting of compactors.

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Institutional Ownership by Quarter for Republic Services (NYSE:RSG)

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