7,700 Shares in Republic Services, Inc. (RSG) Acquired by QUANTRES ASSET MANAGEMENT Ltd

QUANTRES ASSET MANAGEMENT Ltd purchased a new stake in Republic Services, Inc. (NYSE:RSG) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 7,700 shares of the business services provider’s stock, valued at approximately $559,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Bank of America Corp DE increased its position in Republic Services by 11.7% in the 2nd quarter. Bank of America Corp DE now owns 8,681,132 shares of the business services provider’s stock valued at $593,441,000 after acquiring an additional 909,717 shares during the period. Victory Capital Management Inc. increased its position in Republic Services by 0.7% in the 2nd quarter. Victory Capital Management Inc. now owns 2,166,946 shares of the business services provider’s stock valued at $148,132,000 after acquiring an additional 14,244 shares during the period. Morgan Stanley increased its position in Republic Services by 29.7% in the 2nd quarter. Morgan Stanley now owns 1,600,693 shares of the business services provider’s stock valued at $109,424,000 after acquiring an additional 366,972 shares during the period. Bank of New York Mellon Corp increased its position in Republic Services by 0.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,599,330 shares of the business services provider’s stock valued at $109,330,000 after acquiring an additional 9,301 shares during the period. Finally, TD Asset Management Inc. increased its position in Republic Services by 4.1% in the 2nd quarter. TD Asset Management Inc. now owns 1,274,926 shares of the business services provider’s stock valued at $87,154,000 after acquiring an additional 50,476 shares during the period. Hedge funds and other institutional investors own 60.87% of the company’s stock.

In related news, CEO Donald W. Slager sold 91,334 shares of the firm’s stock in a transaction dated Friday, August 10th. The shares were sold at an average price of $73.04, for a total transaction of $6,671,035.36. Following the completion of the sale, the chief executive officer now owns 378,023 shares in the company, valued at $27,610,799.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Donald W. Slager sold 225,734 shares of the firm’s stock in a transaction dated Monday, August 13th. The stock was sold at an average price of $73.02, for a total transaction of $16,483,096.68. Following the sale, the insider now owns 378,023 shares of the company’s stock, valued at approximately $27,603,239.46. The disclosure for this sale can be found here. 0.30% of the stock is owned by company insiders.



NYSE:RSG opened at $71.99 on Wednesday. The company has a quick ratio of 0.69, a current ratio of 0.56 and a debt-to-equity ratio of 0.95. The firm has a market capitalization of $22.70 billion, a price-to-earnings ratio of 29.63, a P/E/G ratio of 2.16 and a beta of 0.57. Republic Services, Inc. has a 12 month low of $60.26 and a 12 month high of $75.82.

Republic Services (NYSE:RSG) last posted its quarterly earnings results on Thursday, October 25th. The business services provider reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.01. Republic Services had a net margin of 13.90% and a return on equity of 12.11%. The business had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.56 billion. As a group, research analysts anticipate that Republic Services, Inc. will post 3.06 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Investors of record on Wednesday, January 2nd will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date of this dividend is Monday, December 31st. Republic Services’s payout ratio is currently 61.73%.

RSG has been the subject of several recent analyst reports. Oppenheimer reiterated a “hold” rating on shares of Republic Services in a research report on Friday, October 26th. Bank of America increased their price objective on shares of Republic Services from $70.00 to $79.00 and gave the stock a “buy” rating in a research report on Friday, August 17th. ValuEngine upgraded shares of Republic Services from a “hold” rating to a “buy” rating in a research report on Thursday, August 2nd. Zacks Investment Research upgraded shares of Republic Services from a “sell” rating to a “hold” rating in a research report on Wednesday, August 1st. Finally, Stifel Nicolaus increased their price objective on shares of Republic Services from $73.00 to $78.00 and gave the stock a “buy” rating in a research report on Monday, September 10th. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $73.71.

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; 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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