IQ EQ FUND MANAGEMENT IRELAND Ltd Acquires 758 Shares of Republic Services, Inc. $RSG

IQ EQ FUND MANAGEMENT IRELAND Ltd raised its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 7.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,819 shares of the business services provider’s stock after purchasing an additional 758 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Republic Services were worth $2,668,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of RSG. Brighton Jones LLC increased its stake in Republic Services by 75.8% during the 4th quarter. Brighton Jones LLC now owns 19,822 shares of the business services provider’s stock valued at $3,988,000 after purchasing an additional 8,547 shares in the last quarter. Golden State Wealth Management LLC boosted its holdings in Republic Services by 11,433.3% during the 1st quarter. Golden State Wealth Management LLC now owns 346 shares of the business services provider’s stock worth $84,000 after acquiring an additional 343 shares during the last quarter. Perigon Wealth Management LLC boosted its holdings in Republic Services by 4.4% during the 1st quarter. Perigon Wealth Management LLC now owns 1,217 shares of the business services provider’s stock worth $295,000 after acquiring an additional 51 shares during the last quarter. Sequoia Financial Advisors LLC boosted its holdings in Republic Services by 9.9% during the 1st quarter. Sequoia Financial Advisors LLC now owns 4,660 shares of the business services provider’s stock worth $1,128,000 after acquiring an additional 418 shares during the last quarter. Finally, Diversified Trust Co boosted its holdings in Republic Services by 10.1% during the 1st quarter. Diversified Trust Co now owns 1,692 shares of the business services provider’s stock worth $410,000 after acquiring an additional 155 shares during the last quarter. Institutional investors own 57.73% of the company’s stock.

Insider Activity

In related news, major shareholder Cascade Investment, L.L.C. bought 4,258 shares of the business’s stock in a transaction on Tuesday, August 19th. The stock was acquired at an average price of $234.91 per share, for a total transaction of $1,000,246.78. Following the purchase, the insider directly owned 109,816,832 shares in the company, valued at $25,797,072,005.12. This trade represents a 0.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Gregg Brummer sold 7,338 shares of the firm’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $233.94, for a total value of $1,716,651.72. Following the completion of the transaction, the executive vice president owned 4,060 shares of the company’s stock, valued at approximately $949,796.40. This represents a 64.38% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.11% of the company’s stock.

Republic Services Trading Down 1.0%

Shares of RSG opened at $220.91 on Tuesday. The business has a 50-day moving average of $227.52 and a 200 day moving average of $238.56. Republic Services, Inc. has a fifty-two week low of $197.60 and a fifty-two week high of $258.75. The firm has a market cap of $68.97 billion, a P/E ratio of 32.68, a price-to-earnings-growth ratio of 3.60 and a beta of 0.59. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.66 and a current ratio of 0.66.

Republic Services (NYSE:RSG) last announced its quarterly earnings data on Tuesday, July 29th. The business services provider reported $1.77 earnings per share for the quarter, topping the consensus estimate of $1.76 by $0.01. Republic Services had a return on equity of 18.27% and a net margin of 12.97%.The company had revenue of $4.24 billion during the quarter, compared to analyst estimates of $4.26 billion. During the same quarter last year, the firm posted $1.61 EPS. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. As a group, research analysts forecast that Republic Services, Inc. will post 6.86 EPS for the current year.

Republic Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Friday, January 2nd will be issued a $0.625 dividend. The ex-dividend date of this dividend is Friday, January 2nd. This represents a $2.50 annualized dividend and a yield of 1.1%. Republic Services’s dividend payout ratio (DPR) is 36.98%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on RSG shares. UBS Group cut their price objective on shares of Republic Services from $260.00 to $240.00 and set a “neutral” rating on the stock in a report on Thursday, October 16th. National Bankshares cut their price objective on shares of Republic Services from $270.00 to $241.00 and set a “sector perform” rating on the stock in a report on Tuesday, October 7th. Raymond James Financial set a $260.00 price objective on shares of Republic Services and gave the stock an “outperform” rating in a report on Monday, October 6th. Stifel Nicolaus began coverage on shares of Republic Services in a report on Monday, September 29th. They set a “buy” rating and a $257.00 price objective on the stock. Finally, JPMorgan Chase & Co. lowered their target price on Republic Services from $275.00 to $260.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 14th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $257.10.

Republic Services Profile

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.