Republic Services, Inc. (NYSE:RSG) Holdings Raised by Stifel Financial Corp

Stifel Financial Corp grew its holdings in Republic Services, Inc. (NYSE:RSG - Free Report) by 437.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,814,613 shares of the business services provider's stock after purchasing an additional 1,477,255 shares during the period. Stifel Financial Corp owned approximately 0.58% of Republic Services worth $364,449,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Quantinno Capital Management LP raised its holdings in shares of Republic Services by 27.4% during the third quarter. Quantinno Capital Management LP now owns 31,400 shares of the business services provider's stock valued at $6,306,000 after acquiring an additional 6,752 shares in the last quarter. Quarry LP grew its position in Republic Services by 471.7% in the 3rd quarter. Quarry LP now owns 909 shares of the business services provider's stock worth $183,000 after purchasing an additional 750 shares during the period. Rench Wealth Management Inc. lifted its holdings in shares of Republic Services by 9.8% during the 3rd quarter. Rench Wealth Management Inc. now owns 22,805 shares of the business services provider's stock valued at $4,580,000 after buying an additional 2,034 shares during the period. Resurgent Financial Advisors LLC grew its stake in shares of Republic Services by 4.3% during the 3rd quarter. Resurgent Financial Advisors LLC now owns 3,155 shares of the business services provider's stock valued at $634,000 after acquiring an additional 130 shares during the period. Finally, Polar Asset Management Partners Inc. bought a new stake in Republic Services during the 3rd quarter valued at approximately $1,587,000. 57.73% of the stock is currently owned by institutional investors.

Republic Services Price Performance

Shares of RSG stock traded down $0.07 during mid-day trading on Thursday, reaching $215.48. The stock had a trading volume of 1,018,136 shares, compared to its average volume of 1,115,828. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.07. The business has a 50-day simple moving average of $206.91 and a 200 day simple moving average of $200.56. Republic Services, Inc. has a 12-month low of $160.38 and a 12-month high of $220.58. The company has a market cap of $67.48 billion, a P/E ratio of 34.48, a price-to-earnings-growth ratio of 3.28 and a beta of 0.71.

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

Republic Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd will be given a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 1.08%. The ex-dividend date of this dividend is Thursday, January 2nd. Republic Services's dividend payout ratio (DPR) is presently 37.12%.

Wall Street Analysts Forecast Growth

Several research firms have commented on RSG. Morgan Stanley increased their price objective on shares of Republic Services from $208.00 to $217.00 and gave the company an "equal weight" rating in a report on Wednesday, October 30th. Oppenheimer raised their price objective on shares of Republic Services from $219.00 to $220.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 30th. William Blair initiated coverage on shares of Republic Services in a research note on Thursday, October 3rd. They issued an "outperform" rating for the company. Scotiabank assumed coverage on shares of Republic Services in a report on Friday, October 4th. They issued a "sector perform" rating and a $224.00 target price for the company. Finally, CIBC upped their price objective on shares of Republic Services from $217.00 to $227.00 and gave the company a "neutral" rating in a report on Wednesday. Nine analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Republic Services presently has a consensus rating of "Moderate Buy" and an average price target of $216.29.

Insider Buying and Selling at Republic Services

In related news, CFO Brian M. Delghiaccio sold 5,071 shares of Republic Services stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $210.02, for a total transaction of $1,065,011.42. Following the sale, the chief financial officer now directly owns 6,318 shares in the company, valued at $1,326,906.36. The trade was a 44.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.09% of the stock is currently owned by corporate insiders.

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.