J. Safra Sarasin Holding AG Sells 3,040 Shares of Republic Services, Inc. $RSG

J. Safra Sarasin Holding AG lowered its stake in Republic Services, Inc. (NYSE:RSG) by 1.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 248,233 shares of the business services provider’s stock after selling 3,040 shares during the period. J. Safra Sarasin Holding AG’s holdings in Republic Services were worth $56,965,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Ignite Planners LLC grew its holdings in Republic Services by 2.8% during the 2nd quarter. Ignite Planners LLC now owns 1,562 shares of the business services provider’s stock valued at $376,000 after purchasing an additional 43 shares during the last quarter. L2 Asset Management LLC raised its holdings in shares of Republic Services by 5.0% in the second quarter. L2 Asset Management LLC now owns 908 shares of the business services provider’s stock worth $224,000 after buying an additional 43 shares during the period. TD Private Client Wealth LLC lifted its stake in shares of Republic Services by 17.8% during the 2nd quarter. TD Private Client Wealth LLC now owns 305 shares of the business services provider’s stock worth $75,000 after acquiring an additional 46 shares during the last quarter. ANB Bank boosted its holdings in Republic Services by 2.8% during the 3rd quarter. ANB Bank now owns 1,691 shares of the business services provider’s stock valued at $388,000 after acquiring an additional 46 shares during the period. Finally, Empirical Finance LLC increased its stake in Republic Services by 0.7% in the second quarter. Empirical Finance LLC now owns 7,232 shares of the business services provider’s stock worth $1,783,000 after purchasing an additional 47 shares during the period. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on RSG. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Republic Services in a research note on Monday, December 29th. Jefferies Financial Group set a $248.00 price objective on Republic Services and gave the stock a “buy” rating in a report on Monday, November 3rd. National Bankshares lowered their target price on Republic Services from $270.00 to $241.00 and set a “sector perform” rating for the company in a report on Tuesday, October 7th. Oppenheimer cut their price target on Republic Services from $256.00 to $255.00 and set an “outperform” rating on the stock in a research note on Friday. Finally, Raymond James Financial reaffirmed an “outperform” rating and issued a $240.00 price objective on shares of Republic Services in a research note on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $248.82.

Republic Services Stock Performance

RSG stock opened at $219.02 on Tuesday. The firm has a 50-day simple moving average of $213.54 and a two-hundred day simple moving average of $222.44. 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 one year low of $201.42 and a one year high of $258.75. The firm has a market cap of $67.80 billion, a price-to-earnings ratio of 32.59, a PEG ratio of 3.56 and a beta of 0.55.

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

Insider Activity at Republic Services

In related news, Director Katharine Weymouth bought 478 shares of the company’s stock in a transaction on Tuesday, December 9th. The shares were bought at an average price of $209.46 per share, with a total value of $100,121.88. Following the transaction, the director owned 5,740 shares in the company, valued at approximately $1,202,300.40. This trade represents a 9.08% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.11% of the stock is owned by insiders.

About Republic Services

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.