Republic Services, Inc. (NYSE:RSG) Stock Holdings Trimmed by Argent Capital Management LLC

Argent Capital Management LLC decreased its position in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 1.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 115,655 shares of the business services provider's stock after selling 1,337 shares during the quarter. Argent Capital Management LLC's holdings in Republic Services were worth $22,476,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. YHB Investment Advisors Inc. acquired a new stake in Republic Services in the 1st quarter valued at $29,000. EntryPoint Capital LLC acquired a new stake in Republic Services in the 1st quarter valued at $29,000. Bogart Wealth LLC acquired a new stake in Republic Services in the 4th quarter valued at $30,000. Jones Financial Companies Lllp grew its stake in Republic Services by 3,014.3% in the 4th quarter. Jones Financial Companies Lllp now owns 218 shares of the business services provider's stock valued at $36,000 after acquiring an additional 211 shares during the period. Finally, Indiana Trust & Investment Management CO purchased a new position in Republic Services in the 2nd quarter valued at $45,000. Institutional investors and hedge funds own 57.73% of the company's stock.

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 transaction, the director now directly owns 17,486 shares of the company's stock, valued at approximately $3,549,832.86. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, Director Katharine Weymouth acquired 540 shares of the stock in a transaction dated 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 transaction, the director now owns 540 shares in the company, valued at approximately $100,040.40. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, 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 value of $649,632.00. Following the transaction, the director now directly owns 17,486 shares of the company's stock, valued at $3,549,832.86. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on RSG shares. Royal Bank of Canada raised their price objective on Republic Services from $201.00 to $211.00 and gave the company a "sector perform" rating in a report on Thursday, July 25th. Deutsche Bank Aktiengesellschaft started coverage on Republic Services in a report on Thursday, May 23rd. They issued a "hold" rating and a $203.00 price objective on the stock. CIBC raised their price objective on Republic Services from $196.00 to $208.00 and gave the company a "neutral" rating in a report on Thursday, July 25th. TD Cowen raised their price objective on Republic Services from $195.00 to $200.00 and gave the company a "hold" rating in a report on Monday, August 5th. Finally, Stifel Nicolaus raised their price objective on Republic Services from $215.00 to $230.00 and gave the company a "buy" rating in a report on Thursday, July 25th. Ten research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, Republic Services presently has a consensus rating of "Hold" and a consensus target price of $211.00.

Republic Services Trading Down 0.3 %

RSG traded down $0.64 on Friday, hitting $206.27. The company had a trading volume of 675,609 shares, compared to its average volume of 1,194,672. The firm has a market cap of $64.96 billion, a P/E ratio of 36.19, a PEG ratio of 3.26 and a beta of 0.69. Republic Services, Inc. has a 1 year low of $140.23 and a 1 year high of $208.00. The company's fifty day moving average price is $197.97 and its 200 day moving average price is $190.36. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.05.

Republic Services (NYSE:RSG - Get Free Report) last issued its quarterly earnings data on Wednesday, July 24th. The business services provider reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.08. The firm had revenue of $4.05 billion for the quarter, compared to analyst estimates of $4.03 billion. Republic Services had a net margin of 12.11% and a return on equity of 17.81%. As a group, equities analysts expect that Republic Services, Inc. will post 6.18 earnings per share for the current year.

Republic Services Increases Dividend

The business 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 $0.58 dividend. This is a positive change from Republic Services's previous quarterly dividend of $0.54. This represents a $2.32 annualized dividend and a yield of 1.12%. The ex-dividend date of this dividend is Wednesday, October 2nd. Republic Services's payout ratio is 40.70%.

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.