Cobblestone Capital Advisors LLC NY Boosts Holdings in Republic Services, Inc. (NYSE:RSG)

Cobblestone Capital Advisors LLC NY lifted its position in Republic Services, Inc. (NYSE:RSG - Free Report) by 1,815.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 39,257 shares of the business services provider's stock after purchasing an additional 37,208 shares during the quarter. Cobblestone Capital Advisors LLC NY's holdings in Republic Services were worth $7,629,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. YHB Investment Advisors Inc. bought a new position in shares of Republic Services during the first quarter valued at about $29,000. EntryPoint Capital LLC bought a new stake in Republic Services in the first quarter valued at approximately $29,000. Jones Financial Companies Lllp boosted its stake 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 valued at $36,000 after purchasing an additional 211 shares during the period. Indiana Trust & Investment Management CO purchased a new position in shares of Republic Services in the second quarter worth $45,000. Finally, J.Safra Asset Management Corp raised its holdings in Republic Services by 584.2% during the 1st quarter. J.Safra Asset Management Corp now owns 260 shares of the business services provider's stock valued at $50,000 after buying an additional 222 shares during the last quarter. 57.73% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Republic Services

In other Republic Services news, Director Tomago Collins sold 3,200 shares of the firm's 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 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 SEC, which is available through this hyperlink. 0.09% of the stock is currently owned by corporate insiders.

Republic Services Stock Performance

Shares of RSG traded down $2.61 during trading hours on Friday, hitting $202.82. The stock had a trading volume of 1,033,364 shares, compared to its average volume of 1,174,679. Republic Services, Inc. has a 12 month low of $140.23 and a 12 month high of $208.69. The stock has a fifty day moving average price of $200.65 and a 200 day moving average price of $192.34. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.59 and a quick ratio of 0.59. The firm has a market capitalization of $63.87 billion, a PE ratio of 35.58, a PEG ratio of 3.34 and a beta of 0.70.

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 for the quarter, topping the consensus estimate of $1.53 by $0.08. The firm had revenue of $4.05 billion for the quarter, compared to analysts' expectations of $4.03 billion. Republic Services had a net margin of 12.11% and a return on equity of 17.81%. Analysts anticipate that Republic Services, Inc. will post 6.18 EPS for the current year.

Republic Services Increases Dividend

The business also recently announced 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 boost from Republic Services's previous quarterly dividend of $0.54. This represents a $2.32 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend is Wednesday, October 2nd. Republic Services's dividend payout ratio (DPR) is currently 40.70%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. StockNews.com downgraded shares of Republic Services from a "strong-buy" rating to a "buy" rating in a research note on Thursday, August 1st. TD Cowen increased their price objective on Republic Services from $195.00 to $200.00 and gave the stock a "hold" rating in a report on Monday, August 5th. Royal Bank of Canada boosted their target price on Republic Services from $201.00 to $211.00 and gave the company a "sector perform" rating in a research note on Thursday, July 25th. CIBC raised their price target on Republic Services from $196.00 to $208.00 and gave the stock a "neutral" rating in a research note on Thursday, July 25th. Finally, Robert W. Baird boosted their price objective on shares of Republic Services from $208.00 to $210.00 and gave the company a "neutral" rating in a research report on Thursday, July 25th. Ten analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $211.00.

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.