Harbour Investments Inc. Sells 93 Shares of Republic Services, Inc. (NYSE:RSG)

Harbour Investments Inc. reduced its stake in Republic Services, Inc. (NYSE:RSG) by 5.2% in the 3rd quarter, Holdings Channel reports. The firm owned 1,685 shares of the business services provider’s stock after selling 93 shares during the period. Harbour Investments Inc.’s holdings in Republic Services were worth $338,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in the stock. Nations Financial Group Inc. IA ADV boosted its holdings in shares of Republic Services by 24.4% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 3,619 shares of the business services provider’s stock worth $727,000 after buying an additional 711 shares during the period. Jupiter Wealth Management LLC lifted its position in Republic Services by 112.7% during the 3rd quarter. Jupiter Wealth Management LLC now owns 3,775 shares of the business services provider’s stock worth $758,000 after acquiring an additional 2,000 shares during the last quarter. Venturi Wealth Management LLC boosted its holdings in Republic Services by 16.5% during the third quarter. Venturi Wealth Management LLC now owns 382 shares of the business services provider’s stock valued at $77,000 after acquiring an additional 54 shares during the period. Ashton Thomas Securities LLC acquired a new stake in shares of Republic Services in the third quarter valued at about $39,000. Finally, YCG LLC increased its stake in shares of Republic Services by 2.2% in the third quarter. YCG LLC now owns 208,232 shares of the business services provider’s stock worth $41,821,000 after purchasing an additional 4,428 shares during the period. Institutional investors own 57.73% of the company’s stock.

Wall Street Analyst Weigh In

RSG has been the topic of a number of research analyst reports. Royal Bank of Canada raised their target price on Republic Services from $211.00 to $219.00 and gave the company a “sector perform” rating in a report on Wednesday, October 30th. Scotiabank began coverage on shares of Republic Services in a research report on Friday, October 4th. They set a “sector perform” rating and a $224.00 target price on the stock. BMO Capital Markets increased their price target on shares of Republic Services from $209.00 to $211.00 and gave the company a “market perform” rating in a report on Thursday, July 25th. Morgan Stanley upped their price objective on shares of Republic Services from $208.00 to $217.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Finally, Stifel Nicolaus lifted their target price on Republic Services from $215.00 to $230.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Nine investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $215.71.

Republic Services Price Performance

NYSE:RSG opened at $208.04 on Friday. The firm has a market cap of $65.15 billion, a PE ratio of 33.29, a price-to-earnings-growth ratio of 3.28 and a beta of 0.70. The company’s 50-day moving average price is $203.84 and its two-hundred day moving average price is $197.97. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.07. Republic Services, Inc. has a 12 month low of $157.46 and a 12 month high of $216.18.

Republic Services (NYSE:RSG) last released its quarterly earnings results on Tuesday, October 29th. The business services provider reported $1.81 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.20. The business had revenue of $4.08 billion for the quarter, compared to analyst estimates of $4.12 billion. Republic Services had a return on equity of 18.18% and a net margin of 12.46%. Republic Services’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period in the prior year, the company earned $1.54 EPS. On average, equities analysts anticipate that Republic Services, Inc. will post 6.24 EPS for the current fiscal year.

Republic Services Dividend Announcement

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 given a dividend of $0.58 per share. The ex-dividend date is Thursday, January 2nd. This represents a $2.32 annualized dividend and a yield of 1.12%. Republic Services’s dividend payout ratio (DPR) is 37.12%.

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.