Republic Services, Inc. $RSG Shares Sold by Eastover Investment Advisors LLC

by · The Cerbat Gem

Eastover Investment Advisors LLC cut its position in Republic Services, Inc. (NYSE:RSGFree Report) by 8.8% during the third quarter, Holdings Channel reports. The firm owned 29,996 shares of the business services provider’s stock after selling 2,898 shares during the period. Republic Services makes up approximately 3.0% of Eastover Investment Advisors LLC’s portfolio, making the stock its 19th largest position. Eastover Investment Advisors LLC’s holdings in Republic Services were worth $6,883,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of RSG. Assenagon Asset Management S.A. raised its position in Republic Services by 6.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 6,218 shares of the business services provider’s stock worth $1,427,000 after buying an additional 354 shares during the last quarter. Union Bancaire Privee UBP SA increased its stake in shares of Republic Services by 51.5% in the third quarter. Union Bancaire Privee UBP SA now owns 160,575 shares of the business services provider’s stock worth $36,539,000 after acquiring an additional 54,612 shares during the period. Venture Visionary Partners LLC raised its holdings in shares of Republic Services by 5.0% during the third quarter. Venture Visionary Partners LLC now owns 2,574 shares of the business services provider’s stock worth $591,000 after purchasing an additional 123 shares during the last quarter. Nilsine Partners LLC boosted its holdings in Republic Services by 9.9% in the third quarter. Nilsine Partners LLC now owns 16,374 shares of the business services provider’s stock valued at $3,758,000 after purchasing an additional 1,478 shares during the last quarter. Finally, Aaron Wealth Advisors LLC grew its position in Republic Services by 32.2% during the 3rd quarter. Aaron Wealth Advisors LLC now owns 2,929 shares of the business services provider’s stock worth $672,000 after purchasing an additional 714 shares during the period. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Republic Services Price Performance

Republic Services stock opened at $214.26 on Wednesday. The stock has a market capitalization of $66.33 billion, a P/E ratio of 31.88, a P/E/G ratio of 3.45 and a beta of 0.54. The company’s fifty day moving average price is $214.75 and its 200 day moving average price is $229.52. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.58 and a current ratio of 0.58. Republic Services, Inc. has a 1 year low of $199.43 and a 1 year high of $258.75.

Republic Services (NYSE:RSGGet Free Report) last posted its quarterly earnings data on Friday, October 31st. The business services provider reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.78 by $0.12. The business had revenue of $4.21 billion for the quarter, compared to the consensus estimate of $4.25 billion. Republic Services had a net margin of 12.77% and a return on equity of 18.24%. The company’s revenue was up 3.3% compared to the same quarter last year. During the same period last year, the firm posted $1.81 earnings per share. As a group, equities research analysts anticipate that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.

Republic Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Friday, January 2nd will be paid a $0.625 dividend. The ex-dividend date of this dividend is Friday, January 2nd. This represents a $2.50 dividend on an annualized basis and a yield of 1.2%. Republic Services’s dividend payout ratio (DPR) is currently 37.20%.

Wall Street Analyst Weigh In

RSG has been the subject of several analyst reports. JPMorgan Chase & Co. decreased their price objective on Republic Services from $260.00 to $233.00 and set a “neutral” rating for the company in a report on Friday, October 31st. UBS Group lowered their price objective on Republic Services from $260.00 to $240.00 and set a “neutral” rating on the stock in a research report on Thursday, October 16th. Scotiabank cut their target price on shares of Republic Services from $250.00 to $246.00 and set a “sector perform” rating for the company in a report on Friday, October 31st. Wells Fargo & Company assumed coverage on shares of Republic Services in a report on Thursday, November 13th. They set an “overweight” rating and a $238.00 price target on the stock. Finally, Stifel Nicolaus cut their price objective on shares of Republic Services from $257.00 to $251.00 and set a “buy” rating for the company in a report on Friday, October 31st. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Republic Services presently has an average rating of “Moderate Buy” and an average price target of $251.10.

View Our Latest Stock Report on Republic Services

Insider Buying and Selling

In other news, Director Katharine Weymouth acquired 478 shares of the business’s stock in a transaction on Tuesday, December 9th. The stock was bought at an average cost of $209.46 per share, for a total transaction of $100,121.88. Following the purchase, the director owned 5,740 shares in the company, valued at approximately $1,202,300.40. This represents a 9.08% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.11% of the company’s stock.

About Republic Services

(Free Report)

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.

See Also

Want to see what other hedge funds are holding RSG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Republic Services, Inc. (NYSE:RSGFree Report).