Unigestion Holding SA Grows Position in Republic Services, Inc. (NYSE:RSG)

Unigestion Holding SA boosted its position in shares of Republic Services, Inc. (NYSE:RSG) by 40.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 179,703 shares of the business services provider’s stock after acquiring an additional 52,056 shares during the period. Republic Services comprises 1.7% of Unigestion Holding SA’s investment portfolio, making the stock its 20th biggest holding. Unigestion Holding SA owned about 0.06% of Republic Services worth $36,088,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. TCW Group Inc. increased its holdings in shares of Republic Services by 13.0% in the 3rd quarter. TCW Group Inc. now owns 114,582 shares of the business services provider’s stock valued at $23,013,000 after acquiring an additional 13,138 shares during the last quarter. Rehmann Capital Advisory Group raised its holdings in Republic Services by 3.1% during the third quarter. Rehmann Capital Advisory Group now owns 2,023 shares of the business services provider’s stock worth $409,000 after purchasing an additional 61 shares in the last quarter. Toronto Dominion Bank boosted its holdings in shares of Republic Services by 2.1% in the 3rd quarter. Toronto Dominion Bank now owns 105,517 shares of the business services provider’s stock valued at $21,192,000 after buying an additional 2,144 shares in the last quarter. Coldstream Capital Management Inc. grew its position in shares of Republic Services by 16.0% in the 3rd quarter. Coldstream Capital Management Inc. now owns 3,320 shares of the business services provider’s stock valued at $673,000 after buying an additional 457 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in Republic Services by 1.7% in the third quarter. Geode Capital Management LLC now owns 4,507,521 shares of the business services provider’s stock valued at $903,316,000 after acquiring an additional 73,207 shares during the last quarter. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Republic Services

In other news, CFO Brian M. Delghiaccio sold 5,071 shares of the company’s stock in a transaction dated 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 transaction, the chief financial officer now owns 6,318 shares of the company’s stock, valued at $1,326,906.36. This represents a 44.53 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Katharine Weymouth sold 1,859 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $215.27, for a total transaction of $400,186.93. Following the completion of the sale, the director now directly owns 879 shares in the company, valued at $189,222.33. This represents a 67.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.09% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have recently weighed in on RSG shares. Deutsche Bank Aktiengesellschaft raised Republic Services from a “hold” rating to a “buy” rating and boosted their target price for the company from $219.00 to $237.00 in a report on Tuesday. Morgan Stanley raised their target price on shares of Republic Services from $208.00 to $217.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Scotiabank started coverage on shares of Republic Services in a research note on Friday, October 4th. They set a “sector perform” rating and a $224.00 price target for the company. Royal Bank of Canada lifted their price objective on shares of Republic Services from $211.00 to $219.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 30th. Finally, Truist Financial increased their target price on shares of Republic Services from $220.00 to $244.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $219.88.

Republic Services Price Performance

RSG stock opened at $211.63 on Wednesday. Republic Services, Inc. has a 12-month low of $160.65 and a 12-month high of $220.58. The company has a market cap of $66.27 billion, a price-to-earnings ratio of 33.86, a PEG ratio of 3.31 and a beta of 0.71. The firm has a 50 day moving average of $207.79 and a 200-day moving average of $201.26. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.07.

Republic Services (NYSE:RSG) last posted its earnings results 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 company had revenue of $4.08 billion for the quarter, compared to analyst estimates of $4.12 billion. During the same quarter in the prior year, the company earned $1.54 earnings per share. Republic Services’s revenue was up 6.5% compared to the same quarter last year. As a group, equities analysts expect that Republic Services, Inc. will post 6.24 EPS 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. Stockholders of record on Thursday, January 2nd will be paid a dividend of $0.58 per share. The ex-dividend date is Thursday, January 2nd. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.10%. Republic Services’s dividend payout ratio (DPR) is 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.