Lbp Am Sa Purchases 38,448 Shares of Republic Services, Inc. (NYSE:RSG)

LBP AM SA grew its position in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 49.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 115,479 shares of the business services provider's stock after acquiring an additional 38,448 shares during the period. LBP AM SA's holdings in Republic Services were worth $23,232,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Commonwealth Equity Services LLC lifted its holdings in Republic Services by 28.3% in the 4th quarter. Commonwealth Equity Services LLC now owns 45,684 shares of the business services provider's stock worth $9,191,000 after buying an additional 10,072 shares during the period. Impact Capital Partners LLC bought a new position in shares of Republic Services during the fourth quarter valued at approximately $1,702,000. CFO4Life Group LLC purchased a new stake in Republic Services in the fourth quarter worth $216,000. Bowen Hanes & Co. Inc. boosted its holdings in Republic Services by 12.9% in the fourth quarter. Bowen Hanes & Co. Inc. now owns 224,760 shares of the business services provider's stock valued at $45,217,000 after acquiring an additional 25,675 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ increased its position in Republic Services by 1.9% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 44,256 shares of the business services provider's stock valued at $8,904,000 after purchasing an additional 817 shares during the period. 57.73% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

A number of equities research analysts have recently weighed in on RSG shares. Royal Bank of Canada raised shares of Republic Services from a "sector perform" rating to an "outperform" rating and lifted their target price for the company from $219.00 to $237.00 in a research note on Monday, January 6th. Jefferies Financial Group lifted their price objective on Republic Services from $235.00 to $244.00 and gave the company a "buy" rating in a research report on Thursday, January 23rd. William Blair reissued an "outperform" rating on shares of Republic Services in a research report on Friday, February 14th. Morgan Stanley lifted their price target on Republic Services from $220.00 to $230.00 and gave the company an "equal weight" rating in a research report on Friday, February 14th. Finally, The Goldman Sachs Group increased their price objective on Republic Services from $239.00 to $265.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. Five analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $236.88.

Insider Activity

In related news, COO Gregg Brummer sold 6,293 shares of Republic Services stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $228.20, for a total transaction of $1,436,062.60. Following the transaction, the chief operating officer now directly owns 10,416 shares in the company, valued at approximately $2,376,931.20. The trade was a 37.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.09% of the company's stock.

Republic Services Stock Down 0.8 %

Republic Services stock traded down $1.90 during trading hours on Tuesday, hitting $233.86. The stock had a trading volume of 946,122 shares, compared to its average volume of 1,015,508. The stock has a market capitalization of $73.03 billion, a P/E ratio of 36.03, a price-to-earnings-growth ratio of 3.64 and a beta of 0.73. The company has a quick ratio of 0.64, a current ratio of 0.58 and a debt-to-equity ratio of 1.04. The stock's 50-day moving average price is $222.65 and its 200-day moving average price is $211.95. Republic Services, Inc. has a 12-month low of $180.92 and a 12-month high of $240.95.

Republic Services (NYSE:RSG - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The business services provider reported $1.58 EPS for the quarter, topping the consensus estimate of $1.37 by $0.21. Republic Services had a return on equity of 18.28% and a net margin of 12.74%. The company had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $4.08 billion. During the same period last year, the company earned $1.41 EPS. Equities research analysts anticipate that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.

Republic Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Wednesday, April 2nd will be given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date is Wednesday, April 2nd. Republic Services's dividend payout ratio (DPR) is presently 35.75%.

Republic Services Company 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.