Bokf Na Purchases 219 Shares of Republic Services, Inc. (NYSE:RSG)

Bokf Na boosted its position in shares of Republic Services, Inc. (NYSE:RSG) by 2.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,020 shares of the business services provider’s stock after buying an additional 219 shares during the period. Bokf Na’s holdings in Republic Services were worth $1,902,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Alpine Global Management LLC bought a new position in Republic Services during the first quarter valued at approximately $398,000. Lazard Asset Management LLC boosted its stake in Republic Services by 13.0% during the first quarter. Lazard Asset Management LLC now owns 32,573 shares of the business services provider’s stock valued at $6,235,000 after buying an additional 3,735 shares during the last quarter. 1832 Asset Management L.P. boosted its stake in Republic Services by 3.4% during the first quarter. 1832 Asset Management L.P. now owns 195,860 shares of the business services provider’s stock valued at $37,495,000 after buying an additional 6,478 shares during the last quarter. Canada Pension Plan Investment Board lifted its stake in shares of Republic Services by 44.3% in the 1st quarter. Canada Pension Plan Investment Board now owns 396,681 shares of the business services provider’s stock valued at $75,941,000 after purchasing an additional 121,781 shares during the last quarter. Finally, Capital World Investors lifted its stake in shares of Republic Services by 20.5% in the 1st quarter. Capital World Investors now owns 7,909,008 shares of the business services provider’s stock valued at $1,514,100,000 after purchasing an additional 1,346,588 shares during the last quarter. 57.73% of the stock is owned by institutional investors.

Republic Services Trading Up 0.5 %

RSG traded up $0.96 during trading on Friday, hitting $190.30. 1,860,641 shares of the stock were exchanged, compared to its average volume of 1,380,696. The firm has a 50 day simple moving average of $192.24 and a 200 day simple moving average of $186.01. The firm has a market cap of $59.93 billion, a price-to-earnings ratio of 33.39, a P/E/G ratio of 3.15 and a beta of 0.69. Republic Services, Inc. has a 1 year low of $140.23 and a 1 year high of $206.54. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.53 and a current ratio of 0.59.

Republic Services (NYSE:RSG) last announced its quarterly earnings results on Tuesday, April 30th. The business services provider reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.10. Republic Services had a return on equity of 17.81% and a net margin of 12.11%. The business had revenue of $3.86 billion for the quarter, compared to the consensus estimate of $3.89 billion. During the same period last year, the business posted $1.24 EPS. The business’s revenue was up 7.8% compared to the same quarter last year. As a group, equities analysts expect that Republic Services, Inc. will post 6.17 EPS for the current year.

Republic Services Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Wednesday, October 2nd will be issued a $0.58 dividend. The ex-dividend date of this dividend is Wednesday, October 2nd. This is an increase from Republic Services’s previous quarterly dividend of $0.54. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.22%. Republic Services’s dividend payout ratio (DPR) is currently 37.54%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on RSG shares. The Goldman Sachs Group raised their price objective on Republic Services from $209.00 to $230.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. StockNews.com lowered Republic Services from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. BMO Capital Markets raised their price objective on Republic Services from $209.00 to $211.00 and gave the company a “market perform” rating in a research note on Thursday. Oppenheimer lowered their price objective on Republic Services from $211.00 to $210.00 and set an “outperform” rating for the company in a research note on Thursday. Finally, CIBC raised their price target on Republic Services from $196.00 to $208.00 and gave the stock a “neutral” rating in a research note on Thursday. Nine investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $211.69.

Insider Activity

In other news, CMO Amanda Hodges sold 6,500 shares of Republic Services stock in a transaction on Monday, May 6th. The stock was sold at an average price of $186.02, for a total value of $1,209,130.00. Following the transaction, the chief marketing officer now directly owns 6,831 shares in the company, valued at approximately $1,270,702.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Republic Services news, Director Katharine Weymouth acquired 540 shares of the stock in a transaction dated Tuesday, June 4th. The stock was purchased at an average price of $185.26 per share, with a total value of $100,040.40. Following the transaction, the director now directly owns 540 shares of the company’s stock, valued at $100,040.40. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CMO Amanda Hodges sold 6,500 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $186.02, for a total value of $1,209,130.00. Following the completion of the sale, the chief marketing officer now directly owns 6,831 shares of the company’s stock, valued at approximately $1,270,702.62. The disclosure for this sale can be found here. Company 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.