Leisure Capital Management Sells 399 Shares of Republic Services, Inc. (NYSE:RSG)

Leisure Capital Management cut its stake in shares of Republic Services, Inc. (NYSE:RSG) by 3.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,158 shares of the business services provider’s stock after selling 399 shares during the quarter. Leisure Capital Management’s holdings in Republic Services were worth $948,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Marshall Wace LLP acquired a new stake in shares of Republic Services in the first quarter valued at $130,000. FMR LLC increased its stake in shares of Republic Services by 104.6% in the first quarter. FMR LLC now owns 143,930 shares of the business services provider’s stock valued at $11,570,000 after buying an additional 73,568 shares in the last quarter. Public Employees Retirement Association of Colorado increased its stake in shares of Republic Services by 4.2% in the first quarter. Public Employees Retirement Association of Colorado now owns 41,305 shares of the business services provider’s stock valued at $3,100,000 after buying an additional 1,665 shares in the last quarter. Meeder Asset Management Inc. increased its stake in shares of Republic Services by 33.3% in the first quarter. Meeder Asset Management Inc. now owns 1,590 shares of the business services provider’s stock valued at $119,000 after buying an additional 397 shares in the last quarter. Finally, Advisor Group Holdings Inc. acquired a new stake in shares of Republic Services in the first quarter valued at $3,565,000. 57.21% of the stock is owned by institutional investors.

A number of analysts recently commented on the company. JPMorgan Chase & Co. lowered Republic Services from an “overweight” rating to a “neutral” rating and set a $99.00 price objective for the company. in a research report on Wednesday, September 23rd. Argus raised their target price on Republic Services from $95.00 to $102.00 in a report on Thursday, August 27th. Jefferies Financial Group upgraded Republic Services from a “hold” rating to a “buy” rating and raised their target price for the stock from $102.00 to $110.00 in a report on Monday, October 19th. Raymond James raised their target price on Republic Services from $91.00 to $97.00 and gave the stock an “outperform” rating in a report on Monday, August 10th. Finally, Oppenheimer restated a “buy” rating on shares of Republic Services in a report on Monday, August 10th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Republic Services has an average rating of “Buy” and an average target price of $94.50.

NYSE RSG traded down $2.41 during trading on Monday, hitting $90.46. The stock had a trading volume of 18,962 shares, compared to its average volume of 1,299,103. The company has a market capitalization of $29.58 billion, a PE ratio of 28.06, a P/E/G ratio of 3.68 and a beta of 0.61. The company’s 50-day moving average price is $93.96 and its two-hundred day moving average price is $86.06. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.76 and a current ratio of 0.76. Republic Services, Inc. has a 12 month low of $65.37 and a 12 month high of $100.91.

Republic Services (NYSE:RSG) last posted its quarterly earnings results on Thursday, August 6th. The business services provider reported $0.81 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.21. The firm had revenue of $2.45 billion for the quarter, compared to analyst estimates of $2.38 billion. Republic Services had a return on equity of 13.41% and a net margin of 10.35%. The business’s quarterly revenue was down 5.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.79 EPS. As a group, equities analysts anticipate that Republic Services, Inc. will post 3.17 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Thursday, October 1st were given a dividend of $0.425 per share. This is a positive change from Republic Services’s previous quarterly dividend of $0.41. The ex-dividend date was Wednesday, September 30th. This represents a $1.70 annualized dividend and a dividend yield of 1.88%. Republic Services’s payout ratio is 50.90%.

In other Republic Services news, COO Timothy E. Stuart sold 14,710 shares of the company’s stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $95.20, for a total value of $1,400,392.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Donald W. Slager sold 80,439 shares of the company’s stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $91.63, for a total value of $7,370,625.57. Following the completion of the transaction, the chief executive officer now directly owns 370,708 shares in the company, valued at $33,967,974.04. The disclosure for this sale can be found here. Insiders have sold a total of 145,418 shares of company stock worth $13,343,263 over the last three months. 0.20% of the stock is owned by insiders.

Republic Services Company Profile

Republic Services, Inc, together with its subsidiaries, provides non-hazardous solid waste collection, transfer, recycling, disposal, and energy services for small-container, large-container, municipal and residential, and energy services customers in the United States and Puerto Rico. The company's collection services include curbside collection of waste for transport to transfer stations, landfills, or recycling processing centers; supply of waste containers; and renting of compactors.

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Institutional Ownership by Quarter for Republic Services (NYSE:RSG)

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