OLD National Bancorp IN Has $974,000 Position in Republic Services, Inc. (NYSE:RSG)

OLD National Bancorp IN cut its stake in shares of Republic Services, Inc. (NYSE:RSG) by 1.7% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 5,012 shares of the business services provider’s stock after selling 85 shares during the quarter. OLD National Bancorp IN’s holdings in Republic Services were worth $974,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of RSG. YHB Investment Advisors Inc. acquired a new position in Republic Services during the first quarter valued at approximately $29,000. EntryPoint Capital LLC acquired a new position in Republic Services during the first quarter valued at approximately $29,000. Bogart Wealth LLC acquired a new position in Republic Services during the fourth quarter valued at approximately $30,000. Turtle Creek Wealth Advisors LLC acquired a new position in Republic Services during the fourth quarter valued at approximately $34,000. Finally, Jones Financial Companies Lllp boosted its position in Republic Services by 3,014.3% during the fourth quarter. Jones Financial Companies Lllp now owns 218 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 211 shares during the last quarter. 57.73% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Katharine Weymouth acquired 540 shares of the stock in a transaction on Tuesday, June 4th. The shares were purchased at an average price of $185.26 per share, for a total transaction of $100,040.40. Following the purchase, the director now directly owns 540 shares in the company, valued at $100,040.40. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.09% of the company’s stock.

Republic Services Stock Performance

Shares of NYSE RSG traded down $0.27 during trading hours on Friday, reaching $201.22. 900,922 shares of the stock were exchanged, compared to its average volume of 1,232,156. The firm has a market capitalization of $63.20 billion, a price-to-earnings ratio of 35.30, a P/E/G ratio of 3.22 and a beta of 0.69. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.59 and a current ratio of 0.59. Republic Services, Inc. has a 52 week low of $140.23 and a 52 week high of $206.54. The stock’s fifty day simple moving average is $194.66 and its 200 day simple moving average is $188.02.

Republic Services Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Wednesday, October 2nd will be paid a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend is Wednesday, October 2nd. This is a positive change from Republic Services’s previous quarterly dividend of $0.54. Republic Services’s dividend payout ratio (DPR) is 37.54%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. The Goldman Sachs Group increased their price target on Republic Services from $209.00 to $230.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. CIBC upped their price objective on Republic Services from $196.00 to $208.00 and gave the company a “neutral” rating in a research note on Thursday, July 25th. TD Cowen upped their price objective on Republic Services from $195.00 to $200.00 and gave the company a “hold” rating in a research note on Monday. Deutsche Bank Aktiengesellschaft started coverage on Republic Services in a research note on Thursday, May 23rd. They issued a “hold” rating and a $203.00 price objective on the stock. Finally, Robert W. Baird upped their price objective on Republic Services from $208.00 to $210.00 and gave the company a “neutral” rating in a research note on Thursday, July 25th. Ten equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $211.00.

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.