Republic Services, Inc. $RSG Holdings Boosted by Oddo BHF Asset Management Sas

Oddo BHF Asset Management Sas grew its stake in shares of Republic Services, Inc. (NYSE:RSG) by 22.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 54,702 shares of the business services provider’s stock after acquiring an additional 9,964 shares during the period. Oddo BHF Asset Management Sas’ holdings in Republic Services were worth $11,593,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of RSG. Laurel Wealth Advisors LLC acquired a new stake in shares of Republic Services in the 4th quarter valued at $25,000. Wealth Watch Advisors INC acquired a new stake in shares of Republic Services in the 3rd quarter valued at $26,000. Ameriflex Group Inc. acquired a new stake in shares of Republic Services in the 3rd quarter valued at $29,000. Sound Income Strategies LLC acquired a new stake in shares of Republic Services in the 4th quarter valued at $32,000. Finally, Hilton Head Capital Partners LLC acquired a new stake in shares of Republic Services in the 4th quarter valued at $32,000. Institutional investors and hedge funds own 57.73% of the company’s stock.

Insider Activity

In other news, major shareholder Cascade Investment, L.L.C. acquired 60,700 shares of the firm’s stock in a transaction on Monday, May 18th. The shares were purchased at an average cost of $213.31 per share, with a total value of $12,947,917.00. Following the completion of the purchase, the insider owned 110,803,982 shares of the company’s stock, valued at $23,635,597,400.42. This represents a 0.05% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Sandra M. Volpe sold 1,800 shares of the company’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $211.28, for a total transaction of $380,304.00. Following the sale, the director directly owned 58 shares in the company, valued at $12,254.24. This represents a 96.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have acquired 987,150 shares of company stock worth $202,366,682 over the last ninety days. Insiders own 0.12% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on RSG. Morgan Stanley reduced their price objective on shares of Republic Services from $230.00 to $225.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 18th. Argus lowered shares of Republic Services from a “buy” rating to a “hold” rating in a research note on Monday, May 11th. Canadian Imperial Bank of Commerce reissued an “outperform” rating and set a $249.00 target price on shares of Republic Services in a research report on Friday, May 8th. Weiss Ratings cut shares of Republic Services from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, April 29th. Finally, Royal Bank Of Canada upped their target price on shares of Republic Services from $265.00 to $267.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. Eleven analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $243.26.

Republic Services Stock Performance

NYSE RSG opened at $207.96 on Tuesday. The stock has a market cap of $63.98 billion, a P/E ratio of 29.84, a PEG ratio of 3.45 and a beta of 0.41. The company’s 50-day simple moving average is $208.53 and its 200 day simple moving average is $214.45. Republic Services, Inc. has a twelve month low of $196.41 and a twelve month high of $252.45. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 1.11.

Republic Services (NYSE:RSG) last posted its earnings results on Friday, May 8th. The business services provider reported $1.70 earnings per share for the quarter, beating analysts’ consensus estimates of $1.64 by $0.06. The business had revenue of $4.11 billion for the quarter, compared to analysts’ expectations of $4.10 billion. Republic Services had a net margin of 13.00% and a return on equity of 18.57%. The firm’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.58 earnings per share. As a group, research analysts forecast that Republic Services, Inc. will post 7.28 earnings per share for the current fiscal year.

Republic Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Thursday, July 2nd will be paid a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Thursday, July 2nd. Republic Services’s dividend payout ratio is currently 36.15%.

Republic Services Profile

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.