Mather Group LLC. Increases Stock Holdings in Republic Services, Inc. (NYSE:RSG)

Mather Group LLC. lifted its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 6.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,098 shares of the business services provider’s stock after purchasing an additional 65 shares during the quarter. Mather Group LLC.’s holdings in Republic Services were worth $210,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the business. YHB Investment Advisors Inc. acquired a new position in shares of Republic Services in the first quarter worth $29,000. EntryPoint Capital LLC acquired a new stake in Republic Services in the 1st quarter valued at about $29,000. Bogart Wealth LLC purchased a new position in shares of Republic Services in the 4th quarter valued at about $30,000. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Republic Services during the fourth quarter worth about $34,000. Finally, Jones Financial Companies Lllp raised its holdings in Republic Services by 3,014.3% in the fourth quarter. Jones Financial Companies Lllp now owns 218 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 211 shares in the last quarter. Institutional investors and hedge funds own 57.73% of the company’s stock.

Insiders Place Their Bets

In other news, Director Katharine Weymouth purchased 540 shares of the stock in a transaction that occurred on Tuesday, June 4th. The shares were acquired at an average price of $185.26 per share, for a total transaction of $100,040.40. Following the acquisition, the director now directly owns 540 shares in the company, valued at approximately $100,040.40. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.09% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on RSG shares. TD Cowen raised their price objective on shares of Republic Services from $195.00 to $200.00 and gave the company a “hold” rating in a report on Monday. UBS Group increased their price objective on Republic Services from $195.00 to $200.00 and gave the company a “neutral” rating in a report on Wednesday, May 1st. Scotiabank upped their target price on shares of Republic Services from $211.00 to $213.00 and gave the company a “sector perform” rating in a report on Wednesday, May 1st. Raymond James cut their price target on shares of Republic Services from $219.00 to $214.00 and set an “outperform” rating on the stock in a research note on Thursday, July 25th. Finally, Oppenheimer dropped their price objective on Republic Services from $211.00 to $210.00 and set an “outperform” rating on the stock in a report on Thursday, July 25th. Ten investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Republic Services has a consensus rating of “Hold” and an average price target of $211.00.

Republic Services Stock Performance

NYSE RSG traded up $5.81 on Wednesday, hitting $202.51. 726,693 shares of the company’s stock were exchanged, compared to its average volume of 1,220,119. The firm’s 50-day moving average price is $193.55 and its two-hundred day moving average price is $187.60. The firm has a market cap of $63.60 billion, a price-to-earnings ratio of 34.51, 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 current ratio of 0.59 and a quick ratio of 0.59. Republic Services, Inc. has a fifty-two week low of $140.23 and a fifty-two week high of $206.54.

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. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.15%. 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. Republic Services’s dividend payout ratio (DPR) is currently 37.54%.

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.