MONECO Advisors LLC Has $859,000 Holdings in Republic Services, Inc. (NYSE:RSG)

MONECO Advisors LLC trimmed its stake in shares of Republic Services, Inc. (NYSE:RSG) by 1.6% during the second quarter, Holdings Channel.com reports. The firm owned 7,806 shares of the business services provider’s stock after selling 125 shares during the period. MONECO Advisors LLC’s holdings in Republic Services were worth $859,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its position in shares of Republic Services by 9.0% during the first quarter. JPMorgan Chase & Co. now owns 6,355,888 shares of the business services provider’s stock worth $631,458,000 after purchasing an additional 524,587 shares in the last quarter. Nordea Investment Management AB lifted its position in shares of Republic Services by 147.2% during the first quarter. Nordea Investment Management AB now owns 5,033,908 shares of the business services provider’s stock worth $499,062,000 after purchasing an additional 2,997,759 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Republic Services by 3.9% during the first quarter. Geode Capital Management LLC now owns 4,051,948 shares of the business services provider’s stock worth $401,619,000 after purchasing an additional 153,717 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Republic Services by 0.7% during the first quarter. Dimensional Fund Advisors LP now owns 3,913,621 shares of the business services provider’s stock worth $388,857,000 after purchasing an additional 26,238 shares in the last quarter. Finally, Parnassus Investments CA lifted its position in shares of Republic Services by 11.1% during the second quarter. Parnassus Investments CA now owns 3,046,446 shares of the business services provider’s stock worth $335,140,000 after purchasing an additional 304,276 shares in the last quarter. Institutional investors own 57.60% of the company’s stock.

Several equities analysts recently weighed in on the stock. Morgan Stanley increased their price objective on shares of Republic Services from $126.00 to $134.00 and gave the company an “overweight” rating in a report on Friday, July 30th. Oppenheimer increased their price objective on shares of Republic Services from $117.00 to $121.00 and gave the company an “outperform” rating in a report on Friday, July 16th. The Goldman Sachs Group upgraded shares of Republic Services from a “buy” rating to a “conviction-buy” rating in a report on Tuesday, August 24th. Raymond James restated an “outperform” rating and issued a $116.14 price objective (down from $117.00) on shares of Republic Services in a report on Monday, July 26th. Finally, BMO Capital Markets increased their price objective on shares of Republic Services from $125.00 to $136.00 and gave the company an “outperform” rating in a report on Monday, August 2nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $113.93.

NYSE:RSG traded up $0.53 during trading hours on Wednesday, hitting $125.48. The stock had a trading volume of 9,378 shares, compared to its average volume of 1,155,424. Republic Services, Inc. has a one year low of $86.18 and a one year high of $126.15. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.64 and a current ratio of 0.64. The company has a market cap of $39.95 billion, a price-to-earnings ratio of 35.60, a P/E/G ratio of 2.88 and a beta of 0.71. The business’s 50 day moving average is $119.37 and its 200-day moving average is $109.88.

Republic Services (NYSE:RSG) last issued its quarterly earnings data on Thursday, July 29th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.94 by $0.15. Republic Services had a net margin of 10.64% and a return on equity of 15.01%. The company had revenue of $2.81 billion during the quarter, compared to the consensus estimate of $2.72 billion. On average, sell-side analysts anticipate that Republic Services, Inc. will post 4.06 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 15th. Stockholders of record on Friday, October 1st will be given a dividend of $0.46 per share. This is an increase from Republic Services’s previous quarterly dividend of $0.43. The ex-dividend date is Thursday, September 30th. This represents a $1.84 annualized dividend and a dividend yield of 1.47%. Republic Services’s dividend payout ratio is currently 47.75%.

In other news, CFO Brian M. Delghiaccio sold 2,074 shares of the stock in a transaction on Wednesday, July 7th. The shares were sold at an average price of $114.00, for a total transaction of $236,436.00. Following the completion of the sale, the chief financial officer now owns 3,379 shares of the company’s stock, valued at $385,206. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.20% of the stock is owned by corporate insiders.

Republic Services Company Profile

Republic Services, Inc engages in the provision of services in the domestic non-hazardous solid waste industry. It provides integrated waste management services, which offers non-hazardous solid waste collection, transfer, recycling, disposal and energy services. The firm operates through the following segments: Group 1, Group 2, and Corporate Entities & Other.

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

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