Partners Group Holding AG Grows Position in Republic Services, Inc. (NYSE:RSG)

Partners Group Holding AG raised its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 41.4% in the 3rd quarter, Holdings Channel.com reports. The fund owned 347,885 shares of the business services provider’s stock after buying an additional 101,831 shares during the period. Republic Services makes up approximately 4.7% of Partners Group Holding AG’s portfolio, making the stock its 5th largest position. Partners Group Holding AG’s holdings in Republic Services were worth $69,869,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. International Assets Investment Management LLC raised its stake in Republic Services by 83,671.9% in the third quarter. International Assets Investment Management LLC now owns 538,653 shares of the business services provider’s stock valued at $108,183,000 after buying an additional 538,010 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in shares of Republic Services by 31.7% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 614,586 shares of the business services provider’s stock valued at $123,434,000 after purchasing an additional 147,799 shares during the period. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of Republic Services by 1,946.2% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 136,279 shares of the business services provider’s stock worth $26,484,000 after buying an additional 129,619 shares during the last quarter. Clearbridge Investments LLC boosted its holdings in shares of Republic Services by 3,827.6% during the 2nd quarter. Clearbridge Investments LLC now owns 106,241 shares of the business services provider’s stock worth $20,647,000 after buying an additional 103,536 shares during the period. Finally, Legal & General Group Plc grew its stake in Republic Services by 5.4% in the 2nd quarter. Legal & General Group Plc now owns 1,808,580 shares of the business services provider’s stock valued at $351,480,000 after buying an additional 92,013 shares during the last quarter. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Republic Services

In related news, CFO Brian M. Delghiaccio sold 5,071 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $210.02, for a total transaction of $1,065,011.42. Following the completion of the sale, the chief financial officer now directly owns 6,318 shares in the company, valued at approximately $1,326,906.36. The trade was a 44.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Morgan Stanley boosted their price objective on Republic Services from $208.00 to $217.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. CIBC boosted their price target on Republic Services from $208.00 to $217.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. William Blair assumed coverage on Republic Services in a research report on Thursday, October 3rd. They set an “outperform” rating on the stock. Scotiabank started coverage on shares of Republic Services in a research report on Friday, October 4th. They issued a “sector perform” rating and a $224.00 target price for the company. Finally, Royal Bank of Canada raised their price target on shares of Republic Services from $211.00 to $219.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 30th. Nine research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, Republic Services has an average rating of “Moderate Buy” and an average price target of $215.71.

Republic Services Stock Performance

NYSE RSG opened at $217.83 on Tuesday. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.64 and a quick ratio of 0.64. The company’s 50 day simple moving average is $204.81 and its two-hundred day simple moving average is $199.22. The stock has a market capitalization of $68.21 billion, a PE ratio of 34.85, a P/E/G ratio of 3.31 and a beta of 0.70. Republic Services, Inc. has a 1 year low of $159.10 and a 1 year high of $218.90.

Republic Services (NYSE:RSG) last announced its quarterly earnings data on Tuesday, October 29th. The business services provider reported $1.81 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.20. Republic Services had a return on equity of 18.18% and a net margin of 12.46%. The firm had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $4.12 billion. During the same quarter in the previous year, the company posted $1.54 earnings per share. The business’s revenue was up 6.5% on a year-over-year basis. Analysts predict that Republic Services, Inc. will post 6.24 earnings per share for the current fiscal year.

Republic Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be paid a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 1.07%. The ex-dividend date is Thursday, January 2nd. Republic Services’s payout ratio is currently 37.12%.

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.