Raymond James & Associates Has $145.65 Million Holdings in Republic Services, Inc. (NYSE:RSG)

Raymond James & Associates grew its position in Republic Services, Inc. (NYSE:RSG - Free Report) by 3.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 749,448 shares of the business services provider's stock after acquiring an additional 22,453 shares during the quarter. Raymond James & Associates owned about 0.24% of Republic Services worth $145,648,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of RSG. YHB Investment Advisors Inc. acquired a new stake in shares of Republic Services during the first quarter worth $29,000. EntryPoint Capital LLC acquired a new stake in shares of Republic Services during the first quarter worth $29,000. Bogart Wealth LLC acquired a new stake in shares of Republic Services during the fourth quarter worth $30,000. Jones Financial Companies Lllp lifted its holdings in shares of Republic Services by 3,014.3% during the fourth quarter. Jones Financial Companies Lllp now owns 218 shares of the business services provider's stock worth $36,000 after purchasing an additional 211 shares during the period. Finally, Indiana Trust & Investment Management CO acquired a new stake in shares of Republic Services during the second quarter worth $45,000. 57.73% of the stock is owned by institutional investors and hedge funds.

Republic Services Price Performance

Republic Services stock traded up $1.69 during midday trading on Monday, reaching $204.96. 574,390 shares of the company were exchanged, compared to its average volume of 1,211,336. The company has a market capitalization of $64.55 billion, a price-to-earnings ratio of 35.96, a P/E/G ratio of 3.25 and a beta of 0.69. The firm's 50-day simple moving average is $196.49 and its 200-day simple moving average is $189.56. Republic Services, Inc. has a 1 year low of $140.23 and a 1 year high of $206.54. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.59 and a current ratio of 0.59.

Republic Services (NYSE:RSG - Get Free Report) last posted its quarterly earnings results on Wednesday, July 24th. The business services provider reported $1.61 EPS for the quarter, beating the consensus estimate of $1.53 by $0.08. The company had revenue of $4.05 billion during the quarter, compared to analysts' expectations of $4.03 billion. Republic Services had a return on equity of 17.81% and a net margin of 12.11%. On average, analysts anticipate that Republic Services, Inc. will post 6.18 EPS for the current year.

Republic Services Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Wednesday, October 2nd will be issued a $0.58 dividend. This is a boost from Republic Services's previous quarterly dividend of $0.54. The ex-dividend date of this dividend is Wednesday, October 2nd. This represents a $2.32 annualized dividend and a yield of 1.13%. Republic Services's payout ratio is 40.70%.

Insider Buying and Selling at Republic Services

In other Republic Services news, Director Tomago Collins sold 3,200 shares of Republic Services stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $203.01, for a total value of $649,632.00. Following the completion of the sale, the director now owns 17,486 shares in the company, valued at approximately $3,549,832.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Tomago Collins sold 3,200 shares of the business's stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $203.01, for a total transaction of $649,632.00. Following the completion of the sale, the director now owns 17,486 shares in the company, valued at approximately $3,549,832.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Katharine Weymouth bought 540 shares of the firm's stock in a transaction dated Tuesday, June 4th. The shares were purchased at an average price of $185.26 per share, with a total value of $100,040.40. Following the acquisition, the director now directly owns 540 shares in the company, valued at approximately $100,040.40. The disclosure for this purchase can be found here. 0.09% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

RSG has been the subject of a number of recent analyst reports. Stifel Nicolaus raised their target price on Republic Services from $215.00 to $230.00 and gave the company a "buy" rating in a report on Thursday, July 25th. Royal Bank of Canada raised their target price on Republic Services from $201.00 to $211.00 and gave the company a "sector perform" rating in a report on Thursday, July 25th. CIBC raised their target price on Republic Services from $196.00 to $208.00 and gave the company a "neutral" rating in a report on Thursday, July 25th. Raymond James reduced their target price on Republic Services from $219.00 to $214.00 and set an "outperform" rating for the company in a report on Thursday, July 25th. Finally, UBS Group raised their target price on Republic Services from $195.00 to $200.00 and gave the company a "neutral" rating in a report on Wednesday, May 1st. Ten research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, Republic Services presently has an average rating of "Hold" and a consensus price target of $211.00.

About Republic Services

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.