Advisory Alpha LLC Has $332,000 Holdings in Republic Services, Inc. $RSG

Advisory Alpha LLC increased its position in shares of Republic Services, Inc. (NYSE:RSG) by 29.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,346 shares of the business services provider’s stock after acquiring an additional 303 shares during the quarter. Advisory Alpha LLC’s holdings in Republic Services were worth $332,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Golden State Wealth Management LLC raised its holdings in shares of Republic Services by 3,533.3% during the first quarter. Golden State Wealth Management LLC now owns 109 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 106 shares during the period. Cranbrook Wealth Management LLC raised its holdings in shares of Republic Services by 1,222.2% during the second quarter. Cranbrook Wealth Management LLC now owns 119 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 110 shares during the period. Key Financial Inc raised its holdings in shares of Republic Services by 380.8% during the first quarter. Key Financial Inc now owns 125 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 99 shares during the period. TCTC Holdings LLC raised its holdings in shares of Republic Services by 113.8% during the first quarter. TCTC Holdings LLC now owns 124 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 66 shares during the period. Finally, Elequin Capital LP acquired a new stake in shares of Republic Services during the first quarter valued at approximately $30,000. Institutional investors and hedge funds own 57.73% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Gregg Brummer sold 7,338 shares of the firm’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $233.94, for a total value of $1,716,651.72. Following the transaction, the executive vice president directly owned 4,060 shares in the company, valued at approximately $949,796.40. This trade represents a 64.38% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Cascade Investment, L.L.C. bought 4,258 shares of the stock in a transaction that occurred on Tuesday, August 19th. The stock was purchased at an average price of $234.91 per share, for a total transaction of $1,000,246.78. Following the completion of the purchase, the insider directly owned 109,816,832 shares in the company, valued at $25,797,072,005.12. The trade was a 0.00% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 0.11% of the company’s stock.

Republic Services Stock Performance

Shares of RSG opened at $210.46 on Thursday. The company’s fifty day moving average is $226.67 and its 200-day moving average is $238.17. Republic Services, Inc. has a 12 month low of $197.60 and a 12 month high of $258.75. The firm has a market cap of $65.71 billion, a price-to-earnings ratio of 31.13, a price-to-earnings-growth ratio of 3.52 and a beta of 0.59. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.04.

Republic Services (NYSE:RSG) last announced its quarterly earnings results on Tuesday, July 29th. The business services provider reported $1.77 EPS for the quarter, topping the consensus estimate of $1.76 by $0.01. Republic Services had a net margin of 12.97% and a return on equity of 18.27%. The company had revenue of $4.24 billion for the quarter, compared to analyst estimates of $4.26 billion. During the same quarter in the prior year, the business posted $1.61 EPS. Republic Services’s quarterly revenue was up 4.6% on a year-over-year basis. Equities analysts expect that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.

Republic Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Friday, January 2nd will be paid a $0.625 dividend. The ex-dividend date is Friday, January 2nd. This represents a $2.50 dividend on an annualized basis and a yield of 1.2%. Republic Services’s dividend payout ratio (DPR) is presently 36.98%.

Analyst Ratings Changes

RSG has been the subject of a number of research analyst reports. JPMorgan Chase & Co. cut their target price on shares of Republic Services from $275.00 to $260.00 and set a “neutral” rating for the company in a research report on Tuesday, October 14th. Stifel Nicolaus initiated coverage on shares of Republic Services in a research report on Monday, September 29th. They issued a “buy” rating and a $257.00 target price for the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Republic Services in a research report on Wednesday, October 8th. Raymond James Financial set a $260.00 target price on shares of Republic Services and gave the stock an “outperform” rating in a research report on Monday, October 6th. Finally, Barclays initiated coverage on shares of Republic Services in a research report on Friday, September 19th. They issued an “equal weight” rating and a $240.00 target price for the company. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $257.10.

Republic Services 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.