Lombard Odier Asset Management Switzerland SA Raises Stock Holdings in Republic Services, Inc. $RSG

Lombard Odier Asset Management Switzerland SA boosted its holdings in Republic Services, Inc. (NYSE:RSG) by 44.6% in the fourth quarter, HoldingsChannel reports. The firm owned 37,653 shares of the business services provider’s stock after purchasing an additional 11,606 shares during the period. Lombard Odier Asset Management Switzerland SA’s holdings in Republic Services were worth $7,980,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of RSG. Laurel Wealth Advisors LLC purchased a new position in Republic Services in the fourth quarter valued at about $25,000. Wealth Watch Advisors INC bought a new position in Republic Services during the 3rd quarter valued at $26,000. Ameriflex Group Inc. bought a new position in Republic Services during the 3rd quarter valued at $29,000. Sound Income Strategies LLC bought a new position in Republic Services during the 4th quarter valued at $32,000. Finally, Hilton Head Capital Partners LLC bought a new position in Republic Services during the 4th quarter valued at $32,000. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Insider Activity

In other Republic Services news, major shareholder Cascade Investment, L.L.C. bought 60,700 shares of the business’s stock in a transaction on Monday, May 18th. The shares were purchased at an average price of $213.31 per share, with a total value of $12,947,917.00. Following the purchase, the insider directly owned 110,803,982 shares of the company’s stock, valued at approximately $23,635,597,400.42. The trade was a 0.05% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Sandra M. Volpe sold 1,800 shares of Republic Services stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $211.28, for a total value of $380,304.00. Following the sale, the director directly owned 58 shares in the company, valued at $12,254.24. The trade was a 96.88% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders purchased 987,150 shares of company stock worth $202,366,682. 0.12% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Weiss Ratings downgraded shares of Republic Services from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, April 29th. UBS Group reduced their target price on Republic Services from $240.00 to $223.00 and set a “neutral” rating on the stock in a report on Tuesday, May 12th. Wolfe Research began coverage on Republic Services in a report on Friday, March 13th. They set a “peer perform” rating on the stock. Argus downgraded Republic Services from a “buy” rating to a “hold” rating in a report on Monday, May 11th. Finally, Wells Fargo & Company raised their price target on shares of Republic Services from $238.00 to $252.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 18th. Eleven equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat, Republic Services presently has a consensus rating of “Moderate Buy” and a consensus target price of $243.26.

Republic Services Trading Up 0.6%

Shares of NYSE RSG opened at $209.30 on Wednesday. The company has a market cap of $64.39 billion, a price-to-earnings ratio of 30.03, a price-to-earnings-growth ratio of 3.42 and a beta of 0.41. Republic Services, Inc. has a 12-month low of $196.41 and a 12-month high of $251.17. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 1.11. The stock’s 50 day simple moving average is $208.25 and its 200 day simple moving average is $214.39.

Republic Services (NYSE:RSG) last announced its quarterly earnings results on Friday, May 8th. The business services provider reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.06. The business had revenue of $4.11 billion for the quarter, compared to the consensus estimate of $4.10 billion. Republic Services had a return on equity of 18.57% and a net margin of 13.00%.The business’s revenue was up 2.6% on a year-over-year basis. During the same quarter last year, the business posted $1.58 EPS. Equities research analysts expect that Republic Services, Inc. will post 7.28 EPS for the current year.

Republic Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Thursday, July 2nd will be given a $0.625 dividend. The ex-dividend date is Thursday, July 2nd. This represents a $2.50 annualized dividend and a yield of 1.2%. Republic Services’s dividend payout ratio (DPR) is currently 36.15%.

Republic Services Profile

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.