Flagship Harbor Advisors LLC holds $306,000 worth of shares in Republic Services, Inc. (NYSE:RSG)


Flagship Harbor Advisors LLC reduced its stake in Republic Services, Inc. (NYSE: RSGGet a rating) by 7.9% during the first quarter, Participation channel reports. The company held 2,312 shares of the business services provider after selling 199 shares during the quarter. Flagship Harbor Advisors LLC’s holdings in Republic Services were worth $306,000 at the end of last quarter.

Several other large investors also changed their positions in the company. Cetera Advisor Networks LLC increased its stake in Republic Services by 5.4% during the 3rd quarter. Cetera Advisor Networks LLC now owns 11,342 shares of the business services provider worth $1,362,000 after purchasing an additional 579 shares during the period. Cetera Advisors LLC increased its stake in Republic Services by 3.4% during the 3rd quarter. Cetera Advisors LLC now owns 5,313 shares of the business services provider worth $638,000 after purchasing an additional 174 shares during the period. Cetera Investment Advisers increased its stake in Republic Services by 3.4% during the 3rd quarter. Cetera Investment Advisers now owns 5,668 shares of the business services provider worth $681,000 after purchasing an additional 186 shares during the period. Captrust Financial Advisors increased its stake in Republic Services by 6.7% during the third quarter. Captrust Financial Advisors now owns 8,243 shares of the business services provider worth $993,000 after buying an additional 520 shares during the period. Finally, Capstone Triton Financial Group LLC increased its stake in Republic Services by 14.2% during the third quarter. Capstone Triton Financial Group LLC now owns 5,506 shares of the business services provider worth $723,000 after purchasing an additional 686 shares during the period. 92.80% of the shares are currently held by institutional investors.

Separately, CAO Brian A. Goebel sold 347 shares of the company in a trade dated Thursday, June 2. The stock was sold at an average price of $135.01, for a total value of $46,848.47. As a result of the sale, the chief accounting officer now directly owns 6,186 shares of the company, valued at approximately $835,171.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, available at this hyperlink. Additionally, COO Timothy E. Stuart sold 15,000 shares of the company in a trade dated Tuesday, June 7. The shares were sold at an average price of $135.19, for a total value of $2,027,850.00. Following the completion of the sale, the COO now owns 19,675 shares of the company, valued at $2,659,863.25. Disclosure of this sale can be found here. 0.06% of the shares are currently held by insiders.

RSG has been the subject of a number of research reports. Morgan Stanley lowered its price target on Republic Services from $152.00 to $142.00 and set an “overweight” rating on the stock in a Wednesday, June 22 research note. JPMorgan Chase & Co. began covering Republic Services in a research report on Tuesday, March 1. They set a “neutral” rating on the stock. Raymond James raised his price target on Republic Services from $140.00 to $142.00 and gave the company an “outperform” rating in a Friday, April 22 research report. StockNews.com began covering shares of Republic Services in a report on Thursday, March 31. They have set a “Strong Buy” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft downgraded Republic Services shares from a “hold” rating to a “buy” rating and set a price target of $147.00 on the stock in a Thursday, June 16 report. . Two investment analysts gave the stock a hold rating, six issued a buy rating and two gave the company a strong buy rating. According to data from MarketBeat.com, Republic Services currently has an average rating of “Buy” and a consensus price target of $138.14.

Shares of NYSE: RSG opened at $129.90 on Monday. The company’s 50-day moving average is $130.81 and its 200-day moving average is $129.99. The company has a debt ratio of 1.07, a quick ratio of 0.75 and a current ratio of 0.75. The company has a market capitalization of $41.03 billion, a P/E ratio of 30.78, a price-to-earnings growth ratio of 2.64 and a beta of 0.75. Republic Services, Inc. has a fifty-two week minimum of $108.10 and a fifty-two week maximum of $145.98.

Services of the Republic (NYSE: RSGGet a rating) last released its quarterly results on Thursday, May 5. The business services provider reported earnings per share of $1.14 for the quarter, beating analyst consensus estimates of $1.05 by $0.09. The company posted revenue of $2.97 billion for the quarter, versus a consensus estimate of $2.89 billion. Republic Services had a net margin of 11.54% and a return on equity of 15.60%. The company’s quarterly revenue increased 14.4% year over year. During the same period of the previous year, the company achieved EPS of $0.93. As a group, research analysts predict Republic Services, Inc. will post earnings per share of 4.67 for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, July 15. Investors of record on Friday, July 1 will receive a dividend of $0.46. This represents a dividend of $1.84 on an annualized basis and a dividend yield of 1.42%. The ex-dividend date is Thursday, June 30. Republic Services’ dividend payout ratio (DPR) is currently 43.60%.

Profile of the services of the Republic (Get a rating)

Republic Services, Inc., together with its subsidiaries, provides environmental services in the United States. The company offers collection and processing of recyclable materials, collection, transfer and disposal of non-hazardous solid waste and other environmental solutions. Its collection services include curbside collection of materials for transportation to transfer stations, landfills or recycling processing centers; supply of recycling and waste containers; and rental of compactors.

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Institutional ownership by quarter for Republic Services (NYSE:RSG)



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