Dearborn Partners LLC Has $44.83 Million Stake in Republic Services, Inc. (NYSE:RSG)

Dearborn Partners LLC cut its position in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 2.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 223,214 shares of the business services provider's stock after selling 6,166 shares during the period. Republic Services comprises about 1.8% of Dearborn Partners LLC's investment portfolio, making the stock its 12th largest position. Dearborn Partners LLC owned about 0.07% of Republic Services worth $44,830,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sycomore Asset Management lifted its position in shares of Republic Services by 13.1% during the 3rd quarter. Sycomore Asset Management now owns 13,884 shares of the business services provider's stock worth $2,787,000 after buying an additional 1,610 shares during the period. Lifeworks Advisors LLC grew its position in Republic Services by 1,112.3% during the 3rd quarter. Lifeworks Advisors LLC now owns 21,469 shares of the business services provider's stock worth $4,312,000 after acquiring an additional 19,698 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its stake in Republic Services by 9.5% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 6,155 shares of the business services provider's stock worth $1,236,000 after purchasing an additional 534 shares in the last quarter. Metis Global Partners LLC grew its holdings in shares of Republic Services by 1.6% during the third quarter. Metis Global Partners LLC now owns 6,730 shares of the business services provider's stock worth $1,352,000 after purchasing an additional 105 shares during the last quarter. Finally, KBC Group NV raised its holdings in shares of Republic Services by 1.9% in the third quarter. KBC Group NV now owns 90,490 shares of the business services provider's stock valued at $18,174,000 after buying an additional 1,660 shares during the last quarter. 57.73% of the stock is owned by institutional investors.

Republic Services Stock Down 0.8 %

Shares of NYSE:RSG traded down $1.61 during trading on Friday, hitting $207.85. 422,413 shares of the company were exchanged, compared to its average volume of 1,121,150. The stock has a market cap of $65.09 billion, a price-to-earnings ratio of 33.51, a P/E/G ratio of 3.28 and a beta of 0.70. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.07. Republic Services, Inc. has a fifty-two week low of $157.46 and a fifty-two week high of $216.18. The firm has a fifty day moving average price of $203.74 and a two-hundred day moving average price of $197.87.

Republic Services (NYSE:RSG - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The business services provider reported $1.81 EPS for the quarter, beating analysts' consensus estimates of $1.61 by $0.20. Republic Services had a net margin of 12.46% and a return on equity of 18.18%. The company had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $4.12 billion. During the same quarter last year, the firm posted $1.54 EPS. The company's quarterly revenue was up 6.5% on a year-over-year basis. As a group, research analysts anticipate that Republic Services, Inc. will post 6.24 earnings per share for the current fiscal year.

Republic Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be paid a $0.58 dividend. The ex-dividend date is Thursday, January 2nd. This represents a $2.32 dividend on an annualized basis and a yield of 1.12%. Republic Services's dividend payout ratio (DPR) is currently 37.12%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on RSG. Morgan Stanley raised their target price on shares of Republic Services from $208.00 to $217.00 and gave the company an "equal weight" rating in a research note on Wednesday, October 30th. Oppenheimer raised their target price on Republic Services from $219.00 to $220.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. Scotiabank initiated coverage on shares of Republic Services in a research report on Friday, October 4th. They issued a "sector perform" rating and a $224.00 price target on the stock. TD Cowen boosted their price objective on shares of Republic Services from $195.00 to $200.00 and gave the company a "hold" rating in a report on Monday, August 5th. Finally, Royal Bank of Canada lifted their price target on shares of Republic Services from $211.00 to $219.00 and gave the stock a "sector perform" rating in a research report on Wednesday, October 30th. Nine analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, Republic Services has a consensus rating of "Moderate Buy" and a consensus price target of $215.71.

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.