Telos Capital Management Inc. Cuts Stock Position in Republic Services, Inc. (NYSE:RSG)

Telos Capital Management Inc. cut its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 1.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 36,133 shares of the business services provider’s stock after selling 405 shares during the quarter. Telos Capital Management Inc.’s holdings in Republic Services were worth $7,257,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Quad Cities Investment Group LLC purchased a new position in Republic Services in the first quarter valued at about $211,000. Chemistry Wealth Management LLC purchased a new position in Republic Services in the first quarter valued at approximately $209,000. Capital Insight Partners LLC increased its position in Republic Services by 10.9% in the first quarter. Capital Insight Partners LLC now owns 22,136 shares of the business services provider’s stock worth $4,238,000 after buying an additional 2,175 shares during the last quarter. Kathmere Capital Management LLC raised its stake in shares of Republic Services by 9.5% in the first quarter. Kathmere Capital Management LLC now owns 3,138 shares of the business services provider’s stock valued at $601,000 after buying an additional 272 shares during the period. Finally, Burns J W & Co. Inc. NY purchased a new position in shares of Republic Services during the 1st quarter valued at $207,000. 57.73% of the stock is currently owned by institutional investors.

Insider Activity

In other Republic Services news, Director Tomago Collins sold 3,200 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the director now owns 17,486 shares of the company’s stock, valued at $3,549,832.86. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.09% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Scotiabank initiated coverage on Republic Services in a research note on Friday, October 4th. They issued a “sector perform” rating and a $224.00 price objective on the stock. Raymond James lowered their price target on shares of Republic Services from $219.00 to $214.00 and set an “outperform” rating on the stock in a research report on Thursday, July 25th. Stifel Nicolaus raised their price objective on shares of Republic Services from $215.00 to $230.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. StockNews.com cut shares of Republic Services from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 1st. Finally, BMO Capital Markets raised their price target on Republic Services from $209.00 to $211.00 and gave the stock a “market perform” rating in a report on Thursday, July 25th. Nine investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $212.18.

Republic Services Stock Down 0.3 %

RSG stock opened at $204.11 on Tuesday. The company’s 50 day moving average is $204.01 and its 200 day moving average is $196.06. The stock has a market cap of $64.10 billion, a price-to-earnings ratio of 34.19, a price-to-earnings-growth ratio of 3.29 and a beta of 0.69. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.05. Republic Services, Inc. has a 1-year low of $142.65 and a 1-year high of $208.69.

Republic Services (NYSE:RSG) last issued 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 for the quarter, compared to analyst estimates of $4.03 billion. Sell-side analysts predict that Republic Services, Inc. will post 6.18 EPS for the current fiscal year.

Republic Services Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Wednesday, October 2nd were issued a $0.58 dividend. This is a boost from Republic Services’s previous quarterly dividend of $0.54. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date of this dividend was Wednesday, October 2nd. Republic Services’s dividend payout ratio is presently 38.86%.

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.