Oddo BHF Asset Management Sas Invests $7.16 Million in Republic Services, Inc. (NYSE:RSG)

Oddo BHF Asset Management Sas acquired a new position in Republic Services, Inc. (NYSE:RSG - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 35,637 shares of the business services provider's stock, valued at approximately $7,157,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Stifel Financial Corp increased its stake in Republic Services by 437.9% during the 3rd quarter. Stifel Financial Corp now owns 1,814,613 shares of the business services provider's stock valued at $364,449,000 after purchasing an additional 1,477,255 shares in the last quarter. Wellington Management Group LLP lifted its position in Republic Services by 23.2% during the 3rd quarter. Wellington Management Group LLP now owns 6,004,199 shares of the business services provider's stock worth $1,205,883,000 after acquiring an additional 1,131,850 shares during the period. International Assets Investment Management LLC grew its stake in Republic Services by 83,671.9% during the 3rd quarter. International Assets Investment Management LLC now owns 538,653 shares of the business services provider's stock valued at $108,183,000 after purchasing an additional 538,010 shares during the last quarter. National Bank of Canada FI raised its stake in shares of Republic Services by 544.7% in the third quarter. National Bank of Canada FI now owns 545,613 shares of the business services provider's stock worth $109,580,000 after purchasing an additional 460,989 shares during the last quarter. Finally, Two Sigma Advisers LP lifted its holdings in shares of Republic Services by 169.3% during the third quarter. Two Sigma Advisers LP now owns 554,500 shares of the business services provider's stock worth $111,366,000 after purchasing an additional 348,600 shares during the period. 57.73% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Morgan Stanley raised their price target on shares of Republic Services from $217.00 to $220.00 and gave the stock an "equal weight" rating in a research report on Thursday. Truist Financial upped their price target on shares of Republic Services from $220.00 to $244.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. Oppenheimer boosted their price objective on Republic Services from $219.00 to $220.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. Scotiabank initiated coverage on Republic Services in a research report on Friday, October 4th. They set a "sector perform" rating and a $224.00 price target for the company. Finally, Royal Bank of Canada upped their price objective on Republic Services from $211.00 to $219.00 and gave the stock a "sector perform" rating in a research report on Wednesday, October 30th. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $220.06.

Insider Transactions at Republic Services

In related news, CFO Brian M. Delghiaccio sold 5,071 shares of the company's stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $210.02, for a total transaction of $1,065,011.42. Following the sale, the chief financial officer now directly owns 6,318 shares in the company, valued at approximately $1,326,906.36. This represents a 44.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Katharine Weymouth sold 1,859 shares of Republic Services stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $215.27, for a total transaction of $400,186.93. Following the completion of the transaction, the director now owns 879 shares of the company's stock, valued at $189,222.33. This represents a 67.90 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.09% of the company's stock.

Republic Services Price Performance

RSG traded down $1.16 on Friday, reaching $208.97. 805,722 shares of the company's stock were exchanged, compared to its average volume of 1,108,608. The stock's fifty day moving average price is $208.36 and its 200-day moving average price is $201.56. The stock has a market cap of $65.44 billion, a PE ratio of 33.64, a P/E/G ratio of 3.21 and a beta of 0.71. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.64 and a quick ratio of 0.64. Republic Services, Inc. has a twelve month low of $160.65 and a twelve month high of $220.58.

Republic Services (NYSE:RSG - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The business services provider reported $1.81 earnings per share (EPS) 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 net margin of 12.46% and a return on equity of 18.18%. The business's revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.54 EPS. Sell-side analysts expect that Republic Services, Inc. will post 6.25 EPS for the current year.

Republic Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be issued a $0.58 dividend. The ex-dividend date is Thursday, January 2nd. This represents a $2.32 annualized dividend and a dividend yield of 1.11%. Republic Services's dividend payout ratio is presently 37.12%.

Republic Services 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.