Cobblestone Capital Advisors LLC NY Purchases 37,208 Shares of Republic Services, Inc. (NYSE:RSG)

Cobblestone Capital Advisors LLC NY boosted its position in Republic Services, Inc. (NYSE:RSG) by 1,815.9% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 39,257 shares of the business services provider’s stock after purchasing an additional 37,208 shares during the quarter. Cobblestone Capital Advisors LLC NY’s holdings in Republic Services were worth $7,629,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. RFG Advisory LLC increased its holdings in shares of Republic Services by 0.5% in the second quarter. RFG Advisory LLC now owns 10,603 shares of the business services provider’s stock worth $2,061,000 after purchasing an additional 53 shares during the period. Commerzbank Aktiengesellschaft FI increased its holdings in shares of Republic Services by 2.9% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 1,860 shares of the business services provider’s stock worth $362,000 after purchasing an additional 53 shares during the period. Capital Advisors Ltd. LLC increased its holdings in shares of Republic Services by 2.9% in the first quarter. Capital Advisors Ltd. LLC now owns 1,903 shares of the business services provider’s stock worth $364,000 after purchasing an additional 54 shares during the period. Hexagon Capital Partners LLC increased its holdings in shares of Republic Services by 4.0% in the second quarter. Hexagon Capital Partners LLC now owns 1,433 shares of the business services provider’s stock worth $278,000 after purchasing an additional 55 shares during the period. Finally, Assenagon Asset Management S.A. increased its holdings in shares of Republic Services by 1.2% in the second quarter. Assenagon Asset Management S.A. now owns 4,917 shares of the business services provider’s stock worth $956,000 after purchasing an additional 57 shares during the period. 57.73% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on RSG shares. Oppenheimer reduced their target price on Republic Services from $211.00 to $210.00 and set an “outperform” rating on the stock in a research note on Thursday, July 25th. Truist Financial raised Republic Services from a “hold” rating to a “buy” rating and increased their target price for the company from $192.00 to $220.00 in a research note on Thursday, July 11th. BMO Capital Markets increased their target price on Republic Services from $209.00 to $211.00 and gave the company a “market perform” rating in a research note on Thursday, July 25th. Stifel Nicolaus upped their price target on shares of Republic Services from $215.00 to $230.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Finally, Robert W. Baird upped their price target on shares of Republic Services from $208.00 to $210.00 and gave the company a “neutral” rating in a research report 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $211.00.

Republic Services Stock Down 1.3 %

RSG traded down $2.61 on Friday, hitting $202.82. The company had a trading volume of 1,033,364 shares, compared to its average volume of 1,174,679. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.59 and a quick ratio of 0.59. Republic Services, Inc. has a 52-week low of $140.23 and a 52-week high of $208.69. The stock has a fifty day simple moving average of $200.65 and a 200-day simple moving average of $192.34. The firm has a market capitalization of $63.87 billion, a P/E ratio of 35.58, a P/E/G ratio of 3.34 and a beta of 0.70.

Republic Services (NYSE:RSG) last issued its quarterly earnings data 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 net margin of 12.11% and a return on equity of 17.81%. The business had revenue of $4.05 billion during the quarter, compared to analyst estimates of $4.03 billion. As a group, equities analysts expect that Republic Services, Inc. will post 6.18 EPS for the current fiscal year.

Republic Services Increases Dividend

The firm also recently announced 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 is an increase from Republic Services’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend is Wednesday, October 2nd. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.14%. Republic Services’s dividend payout ratio (DPR) is currently 40.70%.

Insider Buying and Selling at Republic Services

In other Republic Services news, Director Tomago Collins sold 3,200 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $203.01, for a total transaction of $649,632.00. Following the completion of the transaction, the director now owns 17,486 shares of the company’s stock, valued at $3,549,832.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.09% of the company’s stock.

Republic Services Company 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.