Raymond James Financial Services Advisors Inc. Has $25.96 Million Holdings in Republic Services, Inc. (NYSE:RSG)

Raymond James Financial Services Advisors Inc. decreased its position in Republic Services, Inc. (NYSE:RSG - Free Report) by 4.5% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 133,566 shares of the business services provider's stock after selling 6,281 shares during the quarter. Raymond James Financial Services Advisors Inc.'s holdings in Republic Services were worth $25,957,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. YHB Investment Advisors Inc. purchased a new position in Republic Services during the first quarter valued at $29,000. EntryPoint Capital LLC bought a new position in shares of Republic Services during the 1st quarter valued at approximately $29,000. Bogart Wealth LLC purchased a new stake in Republic Services in the 4th quarter worth approximately $30,000. Jones Financial Companies Lllp lifted its holdings in 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 valued at $36,000 after purchasing an additional 211 shares in the last quarter. Finally, Indiana Trust & Investment Management CO bought a new position in shares of Republic Services in the second quarter worth approximately $45,000. 57.73% of the stock is owned by hedge funds and other institutional investors.

Republic Services Trading Up 0.2 %

RSG traded up $0.33 during trading on Tuesday, reaching $205.29. The company had a trading volume of 450,288 shares, compared to its average volume of 1,206,579. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.05. Republic Services, Inc. has a 52 week low of $140.23 and a 52 week high of $206.54. The stock has a market cap of $64.65 billion, a P/E ratio of 35.96, a PEG ratio of 3.25 and a beta of 0.69. The business has a 50 day simple moving average of $196.49 and a 200-day simple moving average of $189.56.

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

Republic Services Increases Dividend

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

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Oppenheimer dropped their target price on shares of Republic Services from $211.00 to $210.00 and set an "outperform" rating for the company in a report on Thursday, July 25th. UBS Group increased their target price on Republic Services from $195.00 to $200.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 1st. TD Cowen boosted their price target on Republic Services from $195.00 to $200.00 and gave the stock a "hold" rating in a report on Monday, August 5th. Truist Financial raised shares of Republic Services from a "hold" rating to a "buy" rating and increased their price objective for the company from $192.00 to $220.00 in a report on Thursday, July 11th. Finally, CIBC upped their target price on shares of Republic Services from $196.00 to $208.00 and gave the stock a "neutral" rating in a research report on Thursday, July 25th. Ten investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, Republic Services presently has an average rating of "Hold" and an average price target of $211.00.

Insider Buying and Selling at Republic Services

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

Republic Services Company 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.