National Asset Management Inc. sells 6,111 shares of Republic Services, Inc. (NYSE: RSG)


National Asset Management Inc. reduced its stake in shares of Republic Services, Inc. (NYSE: RSGGet a rating) by 43.1% in the first quarter, HoldingsChannel.com reports. The company held 8,078 shares of the business services provider after selling 6,111 shares during the period. National Asset Management Inc.’s holdings in Republic Services were worth $1,071,000 when it last filed with the SEC.

A number of other hedge funds and other institutional investors have also recently increased or reduced their stakes in the stock. Benjamin Edwards Inc. increased its position in Republic Services by 0.4% during the fourth quarter. Benjamin Edwards Inc. now owns 18,093 shares of the business services provider valued at $2,523,000 after buying 79 additional shares last quarter. Profund Advisors LLC increased its position in Republic Services by 2.9% during the fourth quarter. Profund Advisors LLC now owns 2,928 shares of the business services provider valued at $408,000 after buying 82 additional shares in the last quarter. HighTower Advisors LLC increased its position in Republic Services by 0.3% during the fourth quarter. HighTower Advisors LLC now owns 24,418 shares of the business services provider valued at $3,405,000 after buying 82 additional shares in the last quarter. Hanson & Doremus Investment Management increased its stake in Republic Services shares by 16.6% in the first quarter. Hanson & Doremus Investment Management now owns 626 shares of the business services provider valued at $83,000 after buying 89 additional shares in the last quarter. Finally, Louisiana State Employees Retirement System increased its stake in Republic Services shares by 0.8% during the first quarter. Louisiana State Employees Retirement System now owns 13,200 shares of the business services provider valued at $1,773,000 after buying 100 additional shares in the last quarter. 92.80% of the shares are held by institutional investors.

Insiders place their bets

In other news, CAD Brian A. Goebel sold 347 shares of Republic Services in a trade that took place on Thursday, June 2. The shares were sold at an average price of $135.01, for a total transaction of $46,848.47. Following completion of the transaction, the chief accounting officer now directly owns 6,186 shares of the company, valued at $835,171.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available via the SEC website. In other news, COO Timothy E. Stuart sold 15,000 shares of Republic Services in a trade that took place on Tuesday, June 7. The shares were sold at an average price of $135.19, for a total transaction of $2,027,850.00. Following completion of the transaction, the COO now directly owns 19,675 shares of the company, valued at $2,659,863.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available via the SEC website. Additionally, CAO Brian A. Goebel sold 347 shares of Republic Services in a trade that took place on Thursday, June 2. The shares were sold at an average price of $135.01, for a total transaction of $46,848.47. As a result of the transaction, the accounting chief now owns 6,186 shares of the company, valued at $835,171.86. Disclosure of this sale can be found here. 0.06% of the shares are currently held by insiders of the company.

Analyst upgrades and downgrades

A number of research analysts have recently published reports on the company. Oppenheimer set a price target of $139.00 on Republic Services in a Tuesday, July 19 research note. Morgan Stanley raised its price target on Republic Services from $142.00 to $147.00 and gave the company an “overweight” rating in a Wednesday, July 20 research note. StockNews.com alleged coverage of the services of the Republic in a research note of Thursday, March 31. They have set a “Strong Buy” 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 note. Finally, Bank of America upgraded Republic Services from a “neutral” rating to a “buy” rating and raised its target price for the stock from $140.00 to $150.00 in a Friday 13 research note. may. Two investment analysts gave the stock a hold rating, five gave the stock a buy rating and two gave the stock a strong buy rating. According to MarketBeat, Republic Services currently has an average rating of “Buy” and an average price target of $141.43.

Stock of Republic services down 0.2%

NYSE RSG opened at $131.02 on Monday. The company has a debt ratio of 1.07, a current ratio of 0.75 and a quick ratio of 0.75. Republic Services, Inc. has a 1-year minimum of $113.57 and a 1-year maximum of $145.98. The company’s 50-day moving average is $129.66 and its 200-day moving average is $129.09. The stock has a market capitalization of $41.39 billion, a PE ratio of 31.05, a PEG ratio of 2.66 and a beta of 0.73.

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

Republic Services announces dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 15. Shareholders of record on Friday, July 1 received a dividend of $0.46. The ex-dividend date was Thursday, June 30. This represents an annualized dividend of $1.84 and a yield of 1.40%. 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.

See also

Want to see which other hedge funds hold RSG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Republic Services, Inc. (NYSE: RSGGet a rating).

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



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