Republic Services, Inc. $RSG Shares Sold by Lombard Odier Asset Management USA Corp

Lombard Odier Asset Management USA Corp decreased its stake in Republic Services, Inc. (NYSE:RSG) by 79.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 6,312 shares of the business services provider’s stock after selling 24,129 shares during the period. Lombard Odier Asset Management USA Corp’s holdings in Republic Services were worth $1,338,000 as of its most recent SEC filing.

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

Republic Services Stock Up 0.6%

RSG stock opened at $209.30 on Wednesday. Republic Services, Inc. has a one year low of $196.41 and a one year high of $251.17. The stock has a market capitalization of $64.39 billion, a PE ratio of 30.03, a price-to-earnings-growth ratio of 3.42 and a beta of 0.41. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.67 and a current ratio of 0.67. The company has a fifty day moving average of $208.25 and a 200-day moving average of $214.39.

Republic Services (NYSE:RSG) last released its earnings results on Friday, May 8th. The business services provider reported $1.70 EPS for the quarter, topping the consensus estimate of $1.64 by $0.06. Republic Services had a net margin of 13.00% and a return on equity of 18.57%. The company had revenue of $4.11 billion during the quarter, compared to analysts’ expectations of $4.10 billion. During the same quarter last year, the business earned $1.58 EPS. The business’s revenue was up 2.6% on a year-over-year basis. As a group, analysts expect that Republic Services, Inc. will post 7.28 EPS for the current year.

Republic Services Announces Dividend

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

Insider Buying and Selling at Republic Services

In related news, major shareholder Cascade Investment, L.L.C. acquired 60,700 shares of Republic Services stock in a transaction that occurred on Monday, May 18th. The stock was purchased at an average price of $213.31 per share, for a total transaction of $12,947,917.00. Following the completion of the purchase, the insider directly owned 110,803,982 shares of the company’s stock, valued at approximately $23,635,597,400.42. This trade represents a 0.05% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Sandra M. Volpe sold 1,800 shares of the firm’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $211.28, for a total transaction of $380,304.00. Following the completion of the sale, the director owned 58 shares of the company’s stock, valued at $12,254.24. This trade represents a 96.88% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders bought a total of 987,150 shares of company stock valued at $202,366,682 in the last 90 days. Company insiders own 0.12% of the company’s stock.

Wall Street Analysts Forecast Growth

RSG has been the subject of a number of recent research reports. Royal Bank Of Canada increased their price target on shares of Republic Services from $265.00 to $267.00 and gave the stock an “outperform” rating in a research note on Friday, May 8th. Wells Fargo & Company increased their price target on shares of Republic Services from $238.00 to $252.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 18th. Citigroup decreased their price target on shares of Republic Services from $253.00 to $247.00 and set a “buy” rating for the company in a research note on Tuesday, May 12th. BMO Capital Markets decreased their price target on shares of Republic Services from $251.00 to $248.00 and set an “outperform” rating for the company in a research note on Wednesday, February 18th. Finally, Morgan Stanley decreased their price target 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. Eleven analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat, Republic Services currently has an average rating of “Moderate Buy” and a consensus target price of $243.26.

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.