Republic Services, Inc. $RSG Holdings Raised by Candriam S.C.A.

Candriam S.C.A. grew its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 16.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 14,808 shares of the business services provider’s stock after purchasing an additional 2,046 shares during the period. Candriam S.C.A.’s holdings in Republic Services were worth $3,652,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the business. BNP Paribas Financial Markets grew its holdings in Republic Services by 10.0% during the first quarter. BNP Paribas Financial Markets now owns 479,222 shares of the business services provider’s stock worth $116,048,000 after acquiring an additional 43,387 shares during the period. Zurich Insurance Group Ltd FI acquired a new position in shares of Republic Services in the 1st quarter worth approximately $22,078,000. Ascent Group LLC raised its holdings in shares of Republic Services by 6.3% in the 2nd quarter. Ascent Group LLC now owns 19,063 shares of the business services provider’s stock worth $4,701,000 after purchasing an additional 1,130 shares in the last quarter. Advyzon Investment Management LLC acquired a new stake in Republic Services during the first quarter valued at approximately $272,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its position in Republic Services by 5.9% in the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 31,699 shares of the business services provider’s stock worth $7,817,000 after buying an additional 1,769 shares during the last quarter. Institutional investors own 57.73% of the company’s stock.

Insider Transactions at Republic Services

In related news, EVP Gregg Brummer sold 7,338 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $233.94, for a total value of $1,716,651.72. Following the completion of the sale, the executive vice president owned 4,060 shares of the company’s stock, valued at approximately $949,796.40. The trade was a 64.38% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Cascade Investment, L.L.C. acquired 4,258 shares of the business’s stock in a transaction that occurred on Tuesday, August 19th. The shares were acquired at an average cost of $234.91 per share, for a total transaction of $1,000,246.78. Following the transaction, the insider owned 109,816,832 shares of the company’s stock, valued at approximately $25,797,072,005.12. This represents a 0.00% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 0.11% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on RSG. National Bankshares cut their price objective on Republic Services from $270.00 to $241.00 and set a “sector perform” rating for the company in a research report on Tuesday, October 7th. Wells Fargo & Company started coverage on Republic Services in a report on Thursday. They set an “overweight” rating and a $238.00 target price for the company. JPMorgan Chase & Co. dropped their price target on Republic Services from $260.00 to $233.00 and set a “neutral” rating on the stock in a research note on Friday, October 31st. Robert W. Baird set a $240.00 price objective on shares of Republic Services in a research note on Friday, October 31st. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Republic Services in a research report on Thursday. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $250.91.

Republic Services Price Performance

NYSE RSG opened at $209.74 on Friday. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.66 and a quick ratio of 0.66. The firm has a market capitalization of $64.93 billion, a price-to-earnings ratio of 31.03, a price-to-earnings-growth ratio of 3.40 and a beta of 0.57. The company has a 50 day simple moving average of $220.23 and a 200-day simple moving average of $235.08. Republic Services, Inc. has a 52-week low of $199.43 and a 52-week high of $258.75.

Republic Services (NYSE:RSG) last released its quarterly earnings data on Friday, October 31st. The business services provider reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.78 by $0.12. The firm had revenue of $4.21 billion for the quarter, compared to analyst estimates of $4.25 billion. Republic Services had a net margin of 12.97% and a return on equity of 18.27%. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.81 EPS. Equities research analysts predict that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.

Republic Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Friday, January 2nd will be given a dividend of $0.625 per share. 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 presently 37.20%.

Republic Services 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.