Cedar Wealth Management LLC decreased its stake in Republic Services, Inc. (NYSE:RSG) by 3.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,453 shares of the business services provider’s stock after selling 167 shares during the period. Cedar Wealth Management LLC’s holdings in Republic Services were worth $284,000 as of its most recent filing with the SEC.
Other large investors have also recently added to or reduced their stakes in the company. Blue Chip Partners Inc. boosted its stake in Republic Services by 0.6% in the first quarter. Blue Chip Partners Inc. now owns 4,738 shares of the business services provider’s stock valued at $298,000 after buying an additional 26 shares during the period. Sigma Planning Corp boosted its stake in Republic Services by 0.6% in the first quarter. Sigma Planning Corp now owns 7,332 shares of the business services provider’s stock valued at $461,000 after buying an additional 43 shares during the period. Blair William & Co. IL boosted its stake in Republic Services by 0.3% in the first quarter. Blair William & Co. IL now owns 26,078 shares of the business services provider’s stock valued at $1,617,000 after buying an additional 70 shares during the period. OLD Dominion Capital Management Inc. boosted its stake in Republic Services by 0.3% in the first quarter. OLD Dominion Capital Management Inc. now owns 24,758 shares of the business services provider’s stock valued at $1,555,000 after buying an additional 83 shares during the period. Finally, Ffcm LLC boosted its stake in Republic Services by 1.2% in the first quarter. Ffcm LLC now owns 8,274 shares of the business services provider’s stock valued at $520,000 after buying an additional 99 shares during the period. 61.48% of the stock is owned by institutional investors and hedge funds.
Shares of Republic Services, Inc. (NYSE:RSG) traded down 0.40% during midday trading on Monday, reaching $64.64. 173,810 shares of the company were exchanged. Republic Services, Inc. has a 52-week low of $49.18 and a 52-week high of $65.34. The stock’s 50-day moving average price is $64.24 and its 200-day moving average price is $61.84. The company has a market capitalization of $21.85 billion, a PE ratio of 34.38 and a beta of 0.59.
Republic Services (NYSE:RSG) last posted its quarterly earnings data on Thursday, April 27th. The business services provider reported $0.55 EPS for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.02. Republic Services had a net margin of 6.75% and a return on equity of 10.18%. The firm had revenue of $2.39 billion for the quarter, compared to the consensus estimate of $2.36 billion. During the same period in the prior year, the firm posted $0.48 EPS. The firm’s revenue was up 6.4% compared to the same quarter last year. Analysts anticipate that Republic Services, Inc. will post $2.39 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Monday, July 3rd were paid a dividend of $0.32 per share. The ex-dividend date was Thursday, June 29th. This represents a $1.28 dividend on an annualized basis and a yield of 1.97%. Republic Services’s dividend payout ratio (DPR) is 68.45%.
TRADEMARK VIOLATION WARNING: This piece was published by StockNewsTimes and is the property of of StockNewsTimes. If you are reading this piece on another website, it was stolen and reposted in violation of U.S. & international copyright & trademark legislation. The legal version of this piece can be viewed at https://stocknewstimes.com/2017/07/24/republic-services-inc-nysersg-stake-decreased-by-cedar-wealth-management-llc.html.
Several equities research analysts have recently issued reports on the stock. Credit Suisse Group set a $63.00 price objective on shares of Republic Services and gave the stock a “hold” rating in a research report on Sunday, April 30th. Zacks Investment Research raised shares of Republic Services from a “hold” rating to a “buy” rating and set a $72.00 price objective for the company in a research report on Friday, July 14th. Stifel Nicolaus reissued a “buy” rating and issued a $73.00 price target on shares of Republic Services in a research report on Wednesday, July 19th. Barclays PLC reissued a “hold” rating and issued a $59.00 price target on shares of Republic Services in a research report on Friday, April 28th. Finally, BMO Capital Markets initiated coverage on shares of Republic Services in a research report on Thursday, June 29th. They issued an “outperform” rating and a $71.00 price target for the company. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $67.90.
About Republic Services
Republic Services, Inc is a provider of non-hazardous solid waste collection, transfer, disposal, recycling and energy services. The Company’s segments include Group 1, Group 2 and Corporate entities. Its Group 1 and Group 2 segments provide integrated waste management services. Group 1 consists of geographic areas located in the western and portions of the mid-western United States.
Receive News & Ratings for Republic Services Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Republic Services Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
