Republic Services, Inc. $RSG Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. reduced its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 24.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 611,240 shares of the business services provider’s stock after selling 195,169 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.20% of Republic Services worth $140,267,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Republic Services by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 19,057,995 shares of the business services provider’s stock worth $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 in the last quarter. Norges Bank acquired a new position in shares of Republic Services in the second quarter worth $690,313,000. Franklin Resources Inc. lifted its position in shares of Republic Services by 10.1% in the second quarter. Franklin Resources Inc. now owns 2,379,682 shares of the business services provider’s stock valued at $586,854,000 after acquiring an additional 218,114 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in shares of Republic Services by 21.3% during the second quarter. Invesco Ltd. now owns 2,325,302 shares of the business services provider’s stock valued at $573,443,000 after acquiring an additional 408,885 shares during the last quarter. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on RSG shares. National Bankshares cut their target price on shares of Republic Services from $270.00 to $241.00 and set a “sector perform” rating for the company in a research note on Tuesday, October 7th. The Goldman Sachs Group assumed coverage on shares of Republic Services in a report on Monday, November 24th. They set a “buy” rating and a $255.00 price target for the company. Oppenheimer set a $256.00 price objective on shares of Republic Services in a research note on Friday, October 31st. JPMorgan Chase & Co. decreased their target price on shares of Republic Services from $260.00 to $233.00 and set a “neutral” rating on the stock in a research report on Friday, October 31st. Finally, Robert W. Baird set a $240.00 price target on Republic Services in a report on Friday, October 31st. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $250.41.

Republic Services Trading Up 1.2%

Shares of Republic Services stock opened at $212.77 on Tuesday. The business has a fifty day simple moving average of $212.20 and a 200-day simple moving average of $225.76. Republic Services, Inc. has a fifty-two week low of $200.24 and a fifty-two week high of $258.75. The firm has a market cap of $65.87 billion, a price-to-earnings ratio of 31.66, a price-to-earnings-growth ratio of 3.43 and a beta of 0.55. 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 (NYSE:RSG) last issued its quarterly earnings results on Friday, October 31st. The business services provider reported $1.90 EPS for the quarter, topping 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 firm had revenue of $4.21 billion for the quarter, compared to analysts’ expectations of $4.25 billion. During the same period in the previous year, the business earned $1.81 earnings per share. Republic Services’s revenue for the quarter was up 3.3% compared to the same quarter last year. On average, equities analysts forecast that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.

Republic Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Friday, January 2nd will be paid a dividend of $0.625 per share. The ex-dividend date of this dividend is Friday, January 2nd. This represents a $2.50 annualized dividend and a yield of 1.2%. Republic Services’s dividend payout ratio is currently 37.20%.

Insiders Place Their Bets

In other Republic Services news, Director Katharine Weymouth purchased 478 shares of the firm’s stock in a transaction on Tuesday, December 9th. The shares were purchased at an average price of $209.46 per share, for a total transaction of $100,121.88. Following the completion of the transaction, the director owned 5,740 shares in the company, valued at $1,202,300.40. This represents a 9.08% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.11% of the company’s stock.

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.