BOS Asset Management LLC Purchases 101 Shares of Republic Services, Inc. (NYSE:RSG)

BOS Asset Management LLC boosted its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 3.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,774 shares of the business services provider’s stock after buying an additional 101 shares during the period. BOS Asset Management LLC’s holdings in Republic Services were worth $557,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Creative Planning lifted its position in Republic Services by 8.1% in the 3rd quarter. Creative Planning now owns 31,447 shares of the business services provider’s stock valued at $6,316,000 after acquiring an additional 2,360 shares in the last quarter. Fiduciary Alliance LLC raised its stake in shares of Republic Services by 3.7% in the third quarter. Fiduciary Alliance LLC now owns 41,229 shares of the business services provider’s stock worth $8,281,000 after purchasing an additional 1,478 shares during the last quarter. Webster Bank N. A. bought a new position in shares of Republic Services in the third quarter valued at approximately $31,000. McGlone Suttner Wealth Management Inc. grew its holdings in Republic Services by 52.4% during the third quarter. McGlone Suttner Wealth Management Inc. now owns 2,165 shares of the business services provider’s stock worth $435,000 after buying an additional 744 shares in the last quarter. Finally, Ayrshire Capital Management LLC raised its position in Republic Services by 7.4% in the 3rd quarter. Ayrshire Capital Management LLC now owns 27,541 shares of the business services provider’s stock valued at $5,531,000 after buying an additional 1,902 shares during the last quarter. 57.73% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

RSG has been the topic of a number of analyst reports. BMO Capital Markets upped their target price on shares of Republic Services from $209.00 to $211.00 and gave the stock a “market perform” rating in a research note on Thursday, July 25th. Raymond James reduced their price objective on shares of Republic Services from $219.00 to $214.00 and set an “outperform” rating for the company in a research report on Thursday, July 25th. Royal Bank of Canada lifted their target price on shares of Republic Services from $201.00 to $211.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 25th. CIBC increased their price target on Republic Services from $196.00 to $208.00 and gave the company a “neutral” rating in a research report on Thursday, July 25th. Finally, Stifel Nicolaus boosted their price objective on Republic Services from $215.00 to $230.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Ten equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $211.65.

Republic Services Trading Down 0.5 %

NYSE:RSG opened at $205.55 on Thursday. The company has a market cap of $64.73 billion, a P/E ratio of 36.06, a P/E/G ratio of 3.26 and a beta of 0.69. Republic Services, Inc. has a 1 year low of $142.65 and a 1 year high of $208.69. 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 stock’s fifty day moving average price is $203.77 and its two-hundred day moving average price is $195.67.

Republic Services (NYSE:RSG) last issued its earnings results on Wednesday, July 24th. The business services provider reported $1.61 EPS for the quarter, topping the consensus estimate of $1.53 by $0.08. Republic Services had a return on equity of 17.81% and a net margin of 12.11%. The business had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $4.03 billion. As a group, analysts expect that Republic Services, Inc. will post 6.18 EPS for the current year.

Republic Services Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Wednesday, October 2nd were paid a $0.58 dividend. The ex-dividend date was Wednesday, October 2nd. This is a boost from Republic Services’s previous quarterly dividend of $0.54. This represents a $2.32 annualized dividend and a yield of 1.13%. Republic Services’s dividend payout ratio is currently 40.70%.

Insider Buying and Selling at Republic Services

In related news, Director Tomago Collins sold 3,200 shares of Republic Services stock in a transaction on Friday, August 16th. The stock was sold at an average price of $203.01, for a total transaction of $649,632.00. Following the completion of the sale, the director now owns 17,486 shares of the company’s stock, valued at approximately $3,549,832.86. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.09% of the company’s stock.

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.