Intech Investment Management LLC Boosts Position in Republic Services, Inc. (NYSE:RSG)

Intech Investment Management LLC lifted its position in Republic Services, Inc. (NYSE:RSG) by 29.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 86,189 shares of the business services provider’s stock after purchasing an additional 19,566 shares during the quarter. Intech Investment Management LLC’s holdings in Republic Services were worth $17,310,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Assenagon Asset Management S.A. boosted its holdings in shares of Republic Services by 15.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 5,663 shares of the business services provider’s stock worth $1,137,000 after purchasing an additional 746 shares in the last quarter. Lifeworks Advisors LLC boosted its stake in Republic Services by 1,112.3% in the third quarter. Lifeworks Advisors LLC now owns 21,469 shares of the business services provider’s stock worth $4,312,000 after buying an additional 19,698 shares in the last quarter. PGGM Investments raised its stake in shares of Republic Services by 264.3% during the second quarter. PGGM Investments now owns 8,842 shares of the business services provider’s stock worth $1,718,000 after acquiring an additional 6,415 shares in the last quarter. Natixis lifted its holdings in shares of Republic Services by 78.6% in the 1st quarter. Natixis now owns 27,858 shares of the business services provider’s stock worth $5,333,000 after acquiring an additional 12,260 shares during the last quarter. Finally, YCG LLC grew its holdings in shares of Republic Services by 2.2% during the 3rd quarter. YCG LLC now owns 208,232 shares of the business services provider’s stock valued at $41,821,000 after purchasing an additional 4,428 shares during the last quarter. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Insiders Place Their Bets

In other Republic Services news, CFO Brian M. Delghiaccio sold 5,071 shares of Republic Services stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $210.02, for a total value of $1,065,011.42. Following the completion of the transaction, the chief financial officer now directly owns 6,318 shares of the company’s stock, valued at approximately $1,326,906.36. The trade was a 44.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.09% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on RSG shares. William Blair started coverage on shares of Republic Services in a research report on Thursday, October 3rd. They set an “outperform” rating for the company. Royal Bank of Canada lifted their price target on Republic Services from $211.00 to $219.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 30th. Raymond James dropped their price objective on Republic Services from $219.00 to $214.00 and set an “outperform” rating for the company in a research note on Thursday, July 25th. Oppenheimer upped their price target on shares of Republic Services from $219.00 to $220.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Finally, TD Cowen raised their price target on shares of Republic Services from $195.00 to $200.00 and gave the stock a “hold” rating in a report on Monday, August 5th. Nine research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, Republic Services presently has an average rating of “Moderate Buy” and an average price target of $215.71.

Republic Services Price Performance

RSG opened at $212.62 on Thursday. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.07. The company has a market cap of $66.58 billion, a price-to-earnings ratio of 34.02, a price-to-earnings-growth ratio of 3.22 and a beta of 0.70. The stock has a fifty day simple moving average of $204.17 and a two-hundred day simple moving average of $198.54. Republic Services, Inc. has a 12-month low of $158.68 and a 12-month high of $216.18.

Republic Services (NYSE:RSG) last issued its quarterly earnings results on Tuesday, October 29th. The business services provider reported $1.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.61 by $0.20. The company had revenue of $4.08 billion during the quarter, compared to analysts’ expectations of $4.12 billion. Republic Services had a net margin of 12.46% and a return on equity of 18.18%. Republic Services’s revenue was up 6.5% on a year-over-year basis. During the same period last year, the company posted $1.54 EPS. Research analysts predict that Republic Services, Inc. will post 6.24 earnings per share for the current fiscal year.

Republic Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd will be paid a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date of this dividend is Thursday, January 2nd. Republic Services’s payout ratio is 37.12%.

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.