Republic Services, Inc. (RSG) Shares Bought by Taylor Cottrill Erickson & Associates Inc.

Taylor Cottrill Erickson & Associates Inc. raised its stake in shares of Republic Services, Inc. (NYSE:RSG) by 84.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,215 shares of the business services provider’s stock after buying an additional 26,575 shares during the quarter. Taylor Cottrill Erickson & Associates Inc.’s holdings in Republic Services were worth $3,980,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Xact Kapitalforvaltning AB grew its holdings in shares of Republic Services by 10.1% in the fourth quarter. Xact Kapitalforvaltning AB now owns 22,218 shares of the business services provider’s stock valued at $1,502,000 after purchasing an additional 2,042 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Republic Services by 25.8% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 5,361 shares of the business services provider’s stock valued at $362,000 after purchasing an additional 1,101 shares in the last quarter. Daiwa Securities Group Inc. grew its holdings in shares of Republic Services by 11.5% in the first quarter. Daiwa Securities Group Inc. now owns 7,776 shares of the business services provider’s stock valued at $515,000 after purchasing an additional 800 shares in the last quarter. Dean Capital Investments Management LLC grew its holdings in shares of Republic Services by 35.1% in the first quarter. Dean Capital Investments Management LLC now owns 16,395 shares of the business services provider’s stock valued at $1,086,000 after purchasing an additional 4,256 shares in the last quarter. Finally, Wealthstreet Investment Advisors LLC grew its holdings in shares of Republic Services by 25.6% in the first quarter. Wealthstreet Investment Advisors LLC now owns 4,900 shares of the business services provider’s stock valued at $324,000 after purchasing an additional 1,000 shares in the last quarter. 60.18% of the stock is owned by institutional investors and hedge funds.

In related news, CFO Charles F. Serianni sold 9,500 shares of the firm’s stock in a transaction on Thursday, July 12th. The stock was sold at an average price of $70.00, for a total value of $665,000.00. Following the completion of the sale, the chief financial officer now directly owns 46,143 shares in the company, valued at $3,230,010. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Jeffrey A. Hughes sold 16,200 shares of the firm’s stock in a transaction on Wednesday, May 30th. The stock was sold at an average price of $68.00, for a total value of $1,101,600.00. Following the completion of the sale, the executive vice president now owns 16,200 shares of the company’s stock, valued at $1,101,600. The disclosure for this sale can be found here. 0.30% of the stock is owned by company insiders.



RSG has been the subject of a number of recent research reports. UBS Group lowered shares of Republic Services from an “outperform” rating to a “market perform” rating in a report on Wednesday, April 11th. Raymond James downgraded Republic Services from a “strong-buy” rating to a “market perform” rating and set a $72.00 price target for the company. in a research report on Wednesday, April 11th. Zacks Investment Research downgraded Republic Services from a “hold” rating to a “sell” rating in a research report on Monday, April 16th. Oppenheimer restated a “hold” rating on shares of Republic Services in a research report on Thursday, May 3rd. Finally, Argus upgraded Republic Services from a “hold” rating to a “buy” rating in a research report on Thursday, May 10th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. Republic Services currently has a consensus rating of “Hold” and a consensus target price of $72.14.

RSG traded down $0.94 during trading on Monday, reaching $71.55. The company had a trading volume of 138,675 shares, compared to its average volume of 1,333,748. The company has a market cap of $23.77 billion, a PE ratio of 29.52, a P/E/G ratio of 2.22 and a beta of 0.55. Republic Services, Inc. has a 52 week low of $60.26 and a 52 week high of $72.75. The company has a quick ratio of 0.53, a current ratio of 0.69 and a debt-to-equity ratio of 1.05.

Republic Services (NYSE:RSG) last issued its quarterly earnings results on Thursday, July 26th. The business services provider reported $0.73 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.73. The company had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $2.53 billion. Republic Services had a return on equity of 11.65% and a net margin of 13.51%. Republic Services’s revenue was down .4% on a year-over-year basis. During the same period last year, the company earned $0.61 earnings per share. research analysts anticipate that Republic Services, Inc. will post 3.04 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 15th. Investors of record on Monday, October 1st will be given a $0.375 dividend. The ex-dividend date is Friday, September 28th. This is an increase from Republic Services’s previous quarterly dividend of $0.35. This represents a $1.50 dividend on an annualized basis and a yield of 2.10%. Republic Services’s dividend payout ratio (DPR) is currently 56.79%.

About Republic Services

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; supply of waste containers; and renting of compactors.

Featured Story: Should you buy a closed-end mutual fund?

Want to see what other hedge funds are holding RSG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Republic Services, Inc. (NYSE:RSG).

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

Receive News & Ratings for Republic Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Republic Services and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply