Creative Planning Buys 2,452 Shares of Republic Services, Inc. (NYSE:RSG)

Creative Planning raised its stake in Republic Services, Inc. (NYSE:RSG) by 9.2% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 29,087 shares of the business services provider’s stock after acquiring an additional 2,452 shares during the period. Creative Planning’s holdings in Republic Services were worth $5,653,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in RSG. Unigestion Holding SA boosted its position in Republic Services by 2,178.2% during the 4th quarter. Unigestion Holding SA now owns 127,647 shares of the business services provider’s stock valued at $21,048,000 after buying an additional 122,044 shares during the period. Tower Research Capital LLC TRC grew its stake in shares of Republic Services by 123.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 38,869 shares of the business services provider’s stock worth $6,410,000 after purchasing an additional 21,481 shares during the last quarter. State Board of Administration of Florida Retirement System increased its holdings in Republic Services by 8.8% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 239,031 shares of the business services provider’s stock valued at $45,760,000 after purchasing an additional 19,414 shares during the period. Running Oak Capital LLC raised its position in Republic Services by 12.3% during the 1st quarter. Running Oak Capital LLC now owns 59,310 shares of the business services provider’s stock valued at $11,347,000 after purchasing an additional 6,475 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in shares of Republic Services by 32.8% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 94,296 shares of the business services provider’s stock worth $18,052,000 after buying an additional 23,306 shares during the last quarter. Institutional investors own 57.73% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Raymond James decreased their target price on Republic Services from $219.00 to $214.00 and set an “outperform” rating for the company in a report on Thursday, July 25th. BMO Capital Markets raised their target price on shares of Republic Services from $209.00 to $211.00 and gave the stock a “market perform” rating in a research report on Thursday, July 25th. Stifel Nicolaus boosted their price target on shares of Republic Services from $215.00 to $230.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. CIBC raised their price objective on shares of Republic Services from $196.00 to $208.00 and gave the stock a “neutral” rating in a report on Thursday, July 25th. Finally, TD Cowen upped their target price on Republic Services from $195.00 to $200.00 and gave the stock a “hold” rating in a report on Monday, August 5th. Ten research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, Republic Services has an average rating of “Moderate Buy” and a consensus target price of $211.00.

Insider Transactions at Republic Services

In related news, Director Tomago Collins sold 3,200 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $203.01, for a total transaction of $649,632.00. Following the transaction, the director now owns 17,486 shares in the company, valued at $3,549,832.86. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.09% of the company’s stock.

Republic Services Trading Up 0.9 %

Shares of NYSE RSG opened at $201.90 on Friday. The firm’s 50 day moving average price is $202.34 and its 200-day moving average price is $194.77. Republic Services, Inc. has a 52-week low of $141.56 and a 52-week high of $208.69. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.59 and a current ratio of 0.59. The company has a market cap of $63.58 billion, a PE ratio of 35.42, a P/E/G ratio of 3.20 and a beta of 0.69.

Republic Services (NYSE:RSG) last issued its earnings results on Wednesday, July 24th. The business services provider reported $1.61 EPS for the quarter, beating the consensus estimate of $1.53 by $0.08. Republic Services had a return on equity of 17.81% and a net margin of 12.11%. The business had revenue of $4.05 billion for the quarter, compared to the consensus estimate of $4.03 billion. On average, equities research analysts expect that Republic Services, Inc. will post 6.18 EPS for the current fiscal year.

Republic Services Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Wednesday, October 2nd will be paid a dividend of $0.58 per share. The ex-dividend date of this dividend is Wednesday, October 2nd. This represents a $2.32 annualized dividend and a yield of 1.15%. This is a boost from Republic Services’s previous quarterly dividend of $0.54. Republic Services’s dividend payout ratio is currently 40.70%.

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.