AEGON ASSET MANAGEMENT UK Plc Has $40.28 Million Stake in Republic Services, Inc. (NYSE:RSG)

AEGON ASSET MANAGEMENT UK Plc cut its position in Republic Services, Inc. (NYSE:RSG) by 0.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 200,215 shares of the business services provider’s stock after selling 1,015 shares during the quarter. AEGON ASSET MANAGEMENT UK Plc’s holdings in Republic Services were worth $40,283,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. AE Wealth Management LLC boosted its holdings in shares of Republic Services by 27.1% in the 2nd quarter. AE Wealth Management LLC now owns 2,743 shares of the business services provider’s stock valued at $533,000 after purchasing an additional 585 shares in the last quarter. Public Sector Pension Investment Board raised its stake in Republic Services by 130.0% during the second quarter. Public Sector Pension Investment Board now owns 5,761 shares of the business services provider’s stock worth $1,120,000 after acquiring an additional 3,256 shares in the last quarter. Evergreen Capital Management LLC lifted its holdings in shares of Republic Services by 7.6% in the second quarter. Evergreen Capital Management LLC now owns 1,999 shares of the business services provider’s stock worth $388,000 after acquiring an additional 142 shares during the last quarter. Marshall Wace LLP acquired a new stake in shares of Republic Services in the 2nd quarter valued at approximately $4,625,000. Finally, Squarepoint Ops LLC grew its holdings in shares of Republic Services by 810.6% during the 2nd quarter. Squarepoint Ops LLC now owns 46,241 shares of the business services provider’s stock valued at $8,986,000 after purchasing an additional 41,163 shares during the last quarter. Institutional investors and hedge funds own 57.73% of the company’s stock.

Insider Activity at Republic Services

In other news, CFO Brian M. Delghiaccio sold 5,071 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The stock was 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 owns 6,318 shares in the company, valued at $1,326,906.36. The trade was a 44.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Katharine Weymouth sold 1,859 shares of the stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $215.27, for a total value of $400,186.93. Following the completion of the transaction, the director now owns 879 shares in the company, valued at approximately $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.

Analyst Ratings Changes

RSG has been the topic of a number of research analyst reports. BMO Capital Markets raised shares of Republic Services from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $211.00 to $238.00 in a research note on Friday, December 6th. Oppenheimer upped their target price on Republic Services from $219.00 to $220.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. William Blair began coverage on Republic Services in a research note on Thursday, October 3rd. They set an “outperform” rating on the stock. Royal Bank of Canada raised Republic Services from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from $219.00 to $237.00 in a research note on Monday, January 6th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Republic Services from a “hold” rating to a “buy” rating and lifted their target price for the stock from $219.00 to $237.00 in a research report on Tuesday, December 10th. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $222.24.

Republic Services Stock Performance

Shares of Republic Services stock opened at $211.74 on Friday. The company has a market cap of $66.31 billion, a P/E ratio of 33.88, a PEG ratio of 3.07 and a beta of 0.73. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.07. The business has a 50-day moving average price of $209.45 and a two-hundred day moving average price of $205.09. Republic Services, Inc. has a 1-year low of $168.58 and a 1-year high of $220.58.

Republic Services (NYSE:RSG) last issued its earnings results 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. The business had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $4.12 billion. Republic Services had a return on equity of 18.18% and a net margin of 12.46%. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.54 earnings per share. As a group, analysts anticipate that Republic Services, Inc. will post 6.25 EPS for the current year.

About Republic Services

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.