Republic Services, Inc. $RSG Stake Boosted by Union Bancaire Privee UBP SA

by · The Cerbat Gem

Union Bancaire Privee UBP SA increased its stake in shares of Republic Services, Inc. (NYSE:RSG – Free Report) by 51.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 160,575 shares of the business services provider’s stock after buying an additional 54,612 shares during the quarter. Union Bancaire Privee UBP SA owned about 0.05% of Republic Services worth $36,539,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Ignite Planners LLC boosted its position in shares of Republic Services by 2.8% during the 2nd quarter. Ignite Planners LLC now owns 1,562 shares of the business services provider’s stock valued at $376,000 after purchasing an additional 43 shares in the last quarter. L2 Asset Management LLC boosted its stake in shares of Republic Services by 5.0% during the 2nd quarter. L2 Asset Management LLC now owns 908 shares of the business services provider’s stock valued at $224,000 after buying an additional 43 shares during the period. Gries Financial LLC boosted its position in Republic Services by 3.8% during the second quarter. Gries Financial LLC now owns 1,249 shares of the business services provider’s stock valued at $308,000 after purchasing an additional 46 shares during the last quarter. TD Private Client Wealth LLC increased its holdings in Republic Services by 17.8% in the second quarter. TD Private Client Wealth LLC now owns 305 shares of the business services provider’s stock worth $75,000 after buying an additional 46 shares during the last quarter. Finally, Empirical Finance LLC raised its holdings in shares of Republic Services by 0.7% during the 2nd quarter. Empirical Finance LLC now owns 7,232 shares of the business services provider’s stock valued at $1,783,000 after purchasing an additional 47 shares in the last quarter. Institutional investors own 57.73% of the company’s stock.

Insider Activity at Republic Services

In other Republic Services news, Director Katharine Weymouth bought 478 shares of Republic Services stock in a transaction that occurred on Tuesday, December 9th. The stock was acquired at an average price of $209.46 per share, for a total transaction of $100,121.88. Following the completion of the acquisition, the director owned 5,740 shares of the company’s stock, valued at $1,202,300.40. This trade represents a 9.08% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.11% of the stock is currently owned by corporate insiders.

Republic Services Price Performance

Shares of NYSE RSG opened at $214.26 on Wednesday. The company has a fifty day moving average price of $214.75 and a 200 day moving average price of $229.52. Republic Services, Inc. has a 1-year low of $199.43 and a 1-year high of $258.75. The firm has a market cap of $66.33 billion, a PE ratio of 31.88, a PEG ratio of 3.45 and a beta of 0.54. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.04.

Republic Services (NYSE:RSG – Get Free Report) last posted its quarterly earnings data on Friday, October 31st. The business services provider reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.12. Republic Services had a return on equity of 18.24% and a net margin of 12.77%.The company had revenue of $4.21 billion during the quarter, compared to analysts’ expectations of $4.25 billion. During the same period in the prior year, the firm earned $1.81 earnings per share. Republic Services’s revenue for the quarter was up 3.3% compared to the same quarter last year. Research analysts predict that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.

Republic Services Announces Dividend

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

Analysts Set New Price Targets

Several analysts recently issued reports on RSG shares. Scotiabank decreased their price objective 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. Robert W. Baird set a $240.00 target price on shares of Republic Services in a research report on Friday, October 31st. Jefferies Financial Group set a $248.00 price objective on Republic Services and gave the stock a “buy” rating in a research report on Monday, November 3rd. Citigroup cut their price target on Republic Services from $280.00 to $270.00 and set a “buy” rating on the stock in a research note on Wednesday, September 17th. Finally, Sanford C. Bernstein initiated coverage on shares of Republic Services in a research note on Wednesday, November 12th. They set a “market perform” rating and a $205.00 price objective on the stock. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $251.10.

Check Out Our Latest Report on Republic Services

Republic Services Company Profile

(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.

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