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

Y Intercept Hong Kong Ltd boosted its position in shares of Republic Services, Inc. (NYSE:RSG) by 1,026.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,454 shares of the business services provider’s stock after acquiring an additional 16,816 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Republic Services were worth $4,235,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in Republic Services by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 19,057,995 shares of the business services provider’s stock valued at $4,699,892,000 after purchasing an additional 296,719 shares during the last quarter. Geode Capital Management LLC increased its position in Republic Services by 3.1% during the second quarter. Geode Capital Management LLC now owns 4,821,387 shares of the business services provider’s stock worth $1,187,328,000 after buying an additional 144,003 shares during the last quarter. Norges Bank acquired a new stake in shares of Republic Services in the second quarter valued at approximately $690,313,000. Franklin Resources Inc. boosted its stake in shares of Republic Services by 10.1% during the 2nd quarter. Franklin Resources Inc. now owns 2,379,682 shares of the business services provider’s stock worth $586,854,000 after acquiring an additional 218,114 shares during the period. Finally, Invesco Ltd. increased its holdings in shares of Republic Services by 21.3% during the 2nd quarter. Invesco Ltd. now owns 2,325,302 shares of the business services provider’s stock worth $573,443,000 after acquiring an additional 408,885 shares during the last quarter. Institutional investors own 57.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on RSG. Citigroup cut their price target on Republic Services from $268.00 to $244.00 and set a “buy” rating for the company in a report on Friday, January 16th. Stifel Nicolaus reduced their target price on shares of Republic Services from $257.00 to $251.00 and set a “buy” rating for the company in a report on Friday, October 31st. Scotiabank lowered their price target on shares of Republic Services from $246.00 to $242.00 and set a “sector perform” rating on the stock in a report on Wednesday, January 21st. Bank of America cut their price objective on shares of Republic Services from $271.00 to $241.00 and set a “buy” rating for the company in a research report on Monday, December 22nd. Finally, Raymond James Financial reaffirmed an “outperform” rating and issued a $240.00 target price on shares of Republic Services in a research report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, Republic Services presently has an average rating of “Moderate Buy” and a consensus target price of $248.82.

Republic Services Trading Up 0.9%

Shares of Republic Services stock opened at $217.75 on Monday. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 1.04. Republic Services, Inc. has a 12-month low of $201.42 and a 12-month high of $258.75. The company has a market capitalization of $67.41 billion, a price-to-earnings ratio of 32.40, a PEG ratio of 3.56 and a beta of 0.55. The firm’s 50-day moving average price is $213.36 and its two-hundred day moving average price is $222.59.

Republic Services (NYSE:RSG) last issued its quarterly earnings results on Friday, October 31st. The business services provider reported $1.90 earnings per share for the quarter, topping analysts’ consensus estimates of $1.78 by $0.12. The company had revenue of $4.21 billion during the quarter, compared to the consensus estimate of $4.25 billion. Republic Services had a net margin of 12.77% and a return on equity of 18.24%. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.81 EPS. On average, analysts forecast that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Republic Services news, Director Katharine Weymouth bought 478 shares of Republic Services stock in a transaction on Tuesday, December 9th. The shares were purchased at an average price of $209.46 per share, with a total value of $100,121.88. Following 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 filing with the Securities & Exchange Commission, which is available through the SEC website. 0.11% of the stock is owned by insiders.

About Republic Services

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.