Keybank National Association OH Sells 9,463 Shares of Republic Services, Inc. $RSG

Keybank National Association OH trimmed its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 2.3% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 404,362 shares of the business services provider’s stock after selling 9,463 shares during the quarter. Keybank National Association OH’s holdings in Republic Services were worth $84,864,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of RSG. Focus Financial Network Inc. lifted its stake in Republic Services by 2.5% in the second quarter. Focus Financial Network Inc. now owns 1,861 shares of the business services provider’s stock valued at $397,000 after buying an additional 46 shares in the last quarter. Secure Asset Management LLC increased its position in shares of Republic Services by 3.3% during the third quarter. Secure Asset Management LLC now owns 1,455 shares of the business services provider’s stock worth $305,000 after acquiring an additional 47 shares in the last quarter. AlphaCentric Advisors LLC increased its position in shares of Republic Services by 5.9% during the first quarter. AlphaCentric Advisors LLC now owns 903 shares of the business services provider’s stock worth $198,000 after acquiring an additional 50 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC raised its holdings in shares of Republic Services by 47.3% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 162 shares of the business services provider’s stock worth $35,000 after acquiring an additional 52 shares during the period. Finally, Burford Brothers Inc. raised its holdings in shares of Republic Services by 2.8% during the second quarter. Burford Brothers Inc. now owns 1,944 shares of the business services provider’s stock worth $414,000 after acquiring an additional 53 shares during the period. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Republic Services Price Performance

Shares of RSG opened at $247.43 on Wednesday. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 1.14. Republic Services, Inc. has a twelve month low of $196.41 and a twelve month high of $254.39. The stock has a market capitalization of $75.38 billion, a P/E ratio of 34.22, a P/E/G ratio of 4.10 and a beta of 0.32. The company has a 50 day moving average of $225.95 and a 200-day moving average of $218.01.

Republic Services (NYSE:RSG) last announced its quarterly earnings data on Thursday, October 29th. The business services provider reported $1.94 EPS for the quarter, topping analysts’ consensus estimates of $1.93 by $0.01. Republic Services had a net margin of 12.93% and a return on equity of 18.56%. The business had revenue of $4.56 billion for the quarter, compared to analyst estimates of $4.42 billion. During the same quarter in the previous year, the firm posted $1.90 earnings per share. The firm’s revenue for the quarter was up 8.2% on a year-over-year basis. As a group, equities research analysts forecast that Republic Services, Inc. will post 7.27 EPS for the current fiscal year.

Republic Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 15th. Shareholders of record on Monday, January 4th will be paid a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 1.1%. The ex-dividend date is Monday, January 4th. Republic Services’s payout ratio is presently 37.07%.

Analyst Upgrades and Downgrades

RSG has been the topic of several research reports. Scotiabank reaffirmed a “sector perform” rating and issued a $236.00 price objective on shares of Republic Services in a research report on Thursday, October 15th. Sanford C. Bernstein increased their target price on Republic Services from $220.00 to $227.00 and gave the stock a “market perform” rating in a report on Monday, August 10th. The Goldman Sachs Group dropped their price target on Republic Services from $256.00 to $246.00 and set a “buy” rating on the stock in a research note on Friday, October 2nd. Weiss Ratings upgraded Republic Services from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday. Finally, Wolfe Research assumed coverage on Republic Services in a research report on Tuesday, September 15th. They set a “peer perform” rating for the company. Twelve analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $249.32.

Insider Buying and Selling at Republic Services

In other Republic Services news, major shareholder Cascade Investment, L.L.C. purchased 324,810 shares of the business’s stock in a transaction on Friday, September 11th. The shares were purchased at an average cost of $222.89 per share, with a total value of $72,396,900.90. Following the transaction, the insider directly owned 117,058,444 shares of the company’s stock, valued at $26,091,156,583.16. This represents a 0.28% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Brian Bales sold 3,400 shares of the stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $244.00, for a total transaction of $829,600.00. Following the transaction, the executive vice president owned 17,616 shares of the company’s stock, valued at approximately $4,298,304. This represents a 16.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders acquired a total of 5,578,298 shares of company stock worth $1,234,519,081 over the last quarter. Company insiders own 0.12% of the company’s stock.

Republic Services Profile

Republic Services, Inc. provides waste collection, recycling and environmental services to residential, commercial, industrial and municipal customers across the United States. Its services include collecting and transporting waste, operating transfer stations and landfills, and processing recyclable materials. The company also provides environmental solutions, including services for the management and disposal of hazardous and other specialized waste. Republic Services traces its origins to the 1990s and expanded its operations through the 2008 combination with Allied Waste Industries.