Robeco Schweiz AG Lowers Holdings in Republic Services, Inc. $RSG

Robeco Schweiz AG trimmed its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 50.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 49,200 shares of the business services provider’s stock after selling 49,930 shares during the quarter. Robeco Schweiz AG’s holdings in Republic Services were worth $11,290,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in RSG. Brighton Jones LLC raised its position in Republic Services by 75.8% in the 4th quarter. Brighton Jones LLC now owns 19,822 shares of the business services provider’s stock valued at $3,988,000 after purchasing an additional 8,547 shares in the last quarter. Modern Wealth Management LLC purchased a new position in shares of Republic Services during the first quarter worth approximately $218,000. Wesbanco Bank Inc. grew its holdings in shares of Republic Services by 9.5% during the second quarter. Wesbanco Bank Inc. now owns 1,156 shares of the business services provider’s stock worth $285,000 after buying an additional 100 shares during the last quarter. Parallel Advisors LLC grew its position in Republic Services by 3.7% in the 2nd quarter. Parallel Advisors LLC now owns 3,944 shares of the business services provider’s stock valued at $973,000 after buying an additional 139 shares during the last quarter. Finally, Gallacher Capital Management LLC acquired a new stake in Republic Services in the second quarter valued at about $262,000. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Republic Services news, Director Katharine Weymouth bought 478 shares of Republic Services stock in a transaction dated Tuesday, December 9th. The stock was bought at an average price of $209.46 per share, with a total value 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. The trade was a 9.08% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.11% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Raymond James Financial reiterated an “outperform” rating and set a $240.00 price target on shares of Republic Services in a research report on Friday, October 31st. UBS Group set a $220.00 price target on Republic Services in a report on Monday, January 5th. Citigroup reduced their price objective on Republic Services from $280.00 to $270.00 and set a “buy” rating on the stock in a research note on Wednesday, September 17th. JPMorgan Chase & Co. cut their price objective 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. Finally, Wells Fargo & Company initiated coverage on shares of Republic Services in a report on Thursday, November 13th. They issued an “overweight” rating and a $238.00 price objective on the stock. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $250.41.

Republic Services Stock Performance

RSG stock opened at $209.59 on Wednesday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.58 and a current ratio of 0.58. Republic Services, Inc. has a 52 week low of $201.42 and a 52 week high of $258.75. The firm has a 50 day simple moving average of $212.29 and a 200 day simple moving average of $224.22. The stock has a market cap of $64.88 billion, a P/E ratio of 31.19, a P/E/G ratio of 3.45 and a beta of 0.55.

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

Republic Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders 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 annualized dividend and a dividend yield of 1.2%. Republic Services’s payout ratio is 37.20%.

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.