22,256 Shares in Republic Services, Inc. (NYSE:RSG) Bought by BDF Gestion

BDF Gestion purchased a new stake in shares of Republic Services, Inc. (NYSE:RSG) in the second quarter, HoldingsChannel.com reports. The firm purchased 22,256 shares of the business services provider’s stock, valued at approximately $4,325,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in RSG. Unigestion Holding SA lifted its stake in Republic Services by 2,178.2% during the fourth quarter. Unigestion Holding SA now owns 127,647 shares of the business services provider’s stock worth $21,048,000 after purchasing an additional 122,044 shares during the last quarter. Bank of Nova Scotia lifted its holdings in shares of Republic Services by 52.3% in the 4th quarter. Bank of Nova Scotia now owns 214,504 shares of the business services provider’s stock worth $35,357,000 after purchasing an additional 73,651 shares during the last quarter. TCW Group Inc. bought a new position in Republic Services during the 4th quarter worth $17,903,000. Hsbc Holdings PLC increased its position in Republic Services by 8.7% in the fourth quarter. Hsbc Holdings PLC now owns 456,726 shares of the business services provider’s stock worth $75,297,000 after buying an additional 36,484 shares during the period. Finally, Allianz Asset Management GmbH boosted its position in shares of Republic Services by 10.4% during the fourth quarter. Allianz Asset Management GmbH now owns 591,209 shares of the business services provider’s stock worth $97,496,000 after buying an additional 55,668 shares during the period. 57.73% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Republic Services

In other Republic Services news, Director Katharine Weymouth purchased 540 shares of the company’s 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 purchase, the director now owns 540 shares in the company, valued at $100,040.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.09% of the stock is currently owned by company insiders.

Republic Services Stock Down 0.1 %

Shares of NYSE:RSG traded down $0.27 during midday trading on Friday, reaching $201.22. 900,922 shares of the company were exchanged, compared to its average volume of 1,232,156. The firm has a market cap of $63.20 billion, a PE ratio of 35.25, a P/E/G ratio of 3.22 and a beta of 0.69. The stock has a fifty day simple moving average of $194.34 and a two-hundred day simple moving average of $187.79. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.05. 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 company also recently announced 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%. This is a boost from Republic Services’s previous quarterly dividend of $0.54. The ex-dividend date is Wednesday, October 2nd. Republic Services’s dividend payout ratio is presently 37.54%.

Analyst Upgrades and Downgrades

RSG has been the topic of several research reports. Raymond James dropped 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 report on Thursday, July 25th. The Goldman Sachs Group increased their price target on Republic Services from $209.00 to $230.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Oppenheimer cut their target price on shares of Republic Services from $211.00 to $210.00 and set an “outperform” rating for the company in a research report on Thursday, July 25th. Robert W. Baird boosted their price target on shares of Republic Services from $208.00 to $210.00 and gave the company a “neutral” rating in a report on Thursday, July 25th. Finally, StockNews.com lowered shares of Republic Services from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 1st. Ten investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $211.00.

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.