Y Intercept Hong Kong Ltd Has $4.24 Million Stake in Republic Services, Inc. $RSG

by · The Cerbat Gem

Y Intercept Hong Kong Ltd grew its stake in Republic Services, Inc. (NYSE:RSG – Free Report) by 1,026.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,454 shares of the business services provider’s stock after purchasing an additional 16,816 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Republic Services were worth $4,235,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in RSG. Financial Consulate Inc. acquired a new stake in Republic Services in the third quarter valued at approximately $25,000. NewSquare Capital LLC lifted its stake in shares of Republic Services by 68.5% in the 2nd quarter. NewSquare Capital LLC now owns 123 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 50 shares during the last quarter. Foster Dykema Cabot & Partners LLC acquired a new stake in shares of Republic Services during the 2nd quarter valued at $33,000. Hilltop National Bank bought a new stake in Republic Services during the 2nd quarter worth $47,000. Finally, Tradewinds Capital Management LLC increased its holdings in Republic Services by 154.1% in the 2nd quarter. Tradewinds Capital Management LLC now owns 216 shares of the business services provider’s stock worth $53,000 after purchasing an additional 131 shares in the last quarter. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Republic Services news, Director Katharine Weymouth bought 478 shares of the stock in a transaction on Tuesday, December 9th. The stock was acquired at an average cost 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 in the company, valued at $1,202,300.40. This trade represents a 9.08% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 0.11% of the stock is owned by corporate insiders.

Republic Services Trading Up 0.9%

NYSE:RSG opened at $217.75 on Monday. Republic Services, Inc. has a 52 week low of $201.42 and a 52 week high of $258.75. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.58 and a current ratio of 0.58. The firm’s fifty day moving average is $213.36 and its 200-day moving average is $222.59. The firm has a market cap of $67.41 billion, a P/E ratio of 32.40, a P/E/G ratio of 3.56 and a beta of 0.55.

Republic Services (NYSE:RSG – Get Free Report) last released its earnings results 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. Republic Services had a net margin of 12.77% and a return on equity of 18.24%. The business had revenue of $4.21 billion for the quarter, compared to analyst estimates of $4.25 billion. During the same quarter in the previous year, the business earned $1.81 earnings per share. Republic Services’s revenue for the quarter was up 3.3% on a year-over-year basis. Equities analysts expect that Republic Services, Inc. will post 6.86 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Wells Fargo & Company initiated coverage on Republic Services in a report on Thursday, November 13th. They set an “overweight” rating and a $238.00 price target on the stock. Stifel Nicolaus cut their target price on shares of Republic Services from $257.00 to $251.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. Oppenheimer decreased their price target on shares of Republic Services from $256.00 to $255.00 and set an “outperform” rating for the company in a research report on Friday. Jefferies Financial Group set a $248.00 price target on shares of Republic Services and gave the stock a “buy” rating in a report on Monday, November 3rd. Finally, Sanford C. Bernstein boosted their price objective on shares of Republic Services from $205.00 to $220.00 and gave the stock a “market perform” rating in a research note on Monday, January 5th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $248.82.

View Our Latest Stock Report on RSG

Republic Services Profile

(Free Report)

Republic Services, Inc is a leading provider of non-hazardous solid waste and recycling services in the United States. The company offers a broad range of waste management solutions to residential, commercial, industrial and municipal customers, positioning itself as a full-service partner for everyday waste collection as well as specialized disposal needs.

Republic’s core operations include curbside and commercial collection, transfer and hauling, materials recovery and recycling facilities, and landfill disposal.

See Also

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