Republic Services, Inc. (NYSE:RSG) Shares Sold by Gulf International Bank UK Ltd

Gulf International Bank UK Ltd trimmed its holdings in Republic Services, Inc. (NYSE:RSG) by 4.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 16,755 shares of the business services provider’s stock after selling 755 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Republic Services were worth $3,365,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. QRG Capital Management Inc. increased its holdings in shares of Republic Services by 77.0% during the 3rd quarter. QRG Capital Management Inc. now owns 35,627 shares of the business services provider’s stock valued at $7,155,000 after purchasing an additional 15,503 shares in the last quarter. National Pension Service raised its position in shares of Republic Services by 18.9% in the third quarter. National Pension Service now owns 318,629 shares of the business services provider’s stock worth $63,993,000 after acquiring an additional 50,568 shares during the period. Intact Investment Management Inc. acquired a new stake in shares of Republic Services during the 3rd quarter valued at about $72,000. Robeco Institutional Asset Management B.V. increased its stake in shares of Republic Services by 7.5% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 417,756 shares of the business services provider’s stock valued at $83,902,000 after purchasing an additional 29,273 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its position in Republic Services by 1.3% during the third quarter. Janney Montgomery Scott LLC now owns 55,581 shares of the business services provider’s stock worth $11,163,000 after purchasing an additional 726 shares in the last quarter. 57.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Raymond James reduced their target price on Republic Services from $219.00 to $214.00 and set an “outperform” rating for the company in a research note on Thursday, July 25th. Stifel Nicolaus lifted their target price on shares of Republic Services from $215.00 to $230.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Robert W. Baird raised their price target on shares of Republic Services from $208.00 to $210.00 and gave the company a “neutral” rating in a research note on Thursday, July 25th. Oppenheimer increased their target price on Republic Services from $219.00 to $220.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Finally, Morgan Stanley increased their price objective on Republic Services from $208.00 to $217.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Nine research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $215.71.

Republic Services Trading Up 0.8 %

NYSE RSG opened at $202.10 on Wednesday. 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 stock has a market capitalization of $63.29 billion, a P/E ratio of 32.34, a PEG ratio of 3.04 and a beta of 0.70. The firm’s 50-day moving average is $203.21 and its two-hundred day moving average is $197.03. Republic Services, Inc. has a 12 month low of $153.13 and a 12 month high of $208.69.

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

Republic Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be issued a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date is Thursday, January 2nd. Republic Services’s dividend payout ratio (DPR) is 37.12%.

Insider Buying and Selling at Republic Services

In other news, Director Tomago Collins sold 3,200 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $203.01, for a total value of $649,632.00. Following the completion of the transaction, the director now owns 17,486 shares of the company’s stock, valued at approximately $3,549,832.86. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.09% of the stock is currently owned by corporate insiders.

Republic Services Company 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.