Rampart Investment Management Company LLC lowered its stake in shares of Republic Services, Inc. (NYSE:RSG) by 3.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 34,398 shares of the business services provider’s stock after selling 1,186 shares during the period. Rampart Investment Management Company LLC’s holdings in Republic Services were worth $164,369,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in RSG. American Century Companies Inc. boosted its stake in Republic Services by 16.4% during the third quarter. American Century Companies Inc. now owns 7,468,603 shares of the business services provider’s stock worth $542,669,000 after buying an additional 1,053,773 shares during the last quarter. Bank of America Corp DE boosted its stake in Republic Services by 11.7% during the second quarter. Bank of America Corp DE now owns 8,681,132 shares of the business services provider’s stock worth $593,441,000 after buying an additional 909,717 shares during the last quarter. Schroder Investment Management Group boosted its stake in Republic Services by 2,119.0% during the third quarter. Schroder Investment Management Group now owns 405,053 shares of the business services provider’s stock worth $29,431,000 after buying an additional 386,799 shares during the last quarter. Morgan Stanley boosted its stake in Republic Services by 29.7% during the second quarter. Morgan Stanley now owns 1,600,693 shares of the business services provider’s stock worth $109,424,000 after buying an additional 366,972 shares during the last quarter. Finally, Pictet Asset Management Ltd. boosted its stake in Republic Services by 17.1% during the third quarter. Pictet Asset Management Ltd. now owns 1,983,254 shares of the business services provider’s stock worth $144,103,000 after buying an additional 290,097 shares during the last quarter. 59.43% of the stock is currently owned by institutional investors.
In other Republic Services news, Director Jennifer M. Kirk purchased 1,500 shares of the firm’s stock in a transaction dated Wednesday, October 31st. The shares were acquired at an average price of $72.35 per share, with a total value of $108,525.00. Following the purchase, the director now directly owns 1,500 shares in the company, valued at approximately $108,525. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.30% of the company’s stock.
Shares of Republic Services stock opened at $74.42 on Friday. Republic Services, Inc. has a 52 week low of $60.26 and a 52 week high of $78.54. The firm has a market capitalization of $24.15 billion, a PE ratio of 25.66, a price-to-earnings-growth ratio of 2.27 and a beta of 0.55. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.95.
Republic Services (NYSE:RSG) last announced its quarterly earnings results on Thursday, October 25th. The business services provider reported $0.82 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.01. Republic Services had a return on equity of 12.11% and a net margin of 13.90%. The business had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.56 billion. Equities analysts forecast that Republic Services, Inc. will post 3.07 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Wednesday, January 2nd will be paid a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 2.02%. The ex-dividend date is Monday, December 31st. Republic Services’s dividend payout ratio (DPR) is presently 61.73%.
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Republic Services Company Profile
Republic Services, Inc, together with its subsidiaries, provides non-hazardous solid waste collection, transfer, recycling, disposal, and energy services for small-container, large-container, municipal and residential, and energy services customers in the United States and Puerto Rico. The company's collection services include curbside collection of waste for transport to transfer stations; supply of waste containers; and renting of compactors.
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