Partners Group Holding AG Has $56.22 Million Stock Position in Republic Services, Inc. (NYSE:RSG)

Partners Group Holding AG cut its position in Republic Services, Inc. (NYSE:RSG - Free Report) by 19.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 279,467 shares of the business services provider's stock after selling 68,418 shares during the quarter. Republic Services comprises approximately 2.0% of Partners Group Holding AG's holdings, making the stock its 6th biggest position. Partners Group Holding AG owned approximately 0.09% of Republic Services worth $56,223,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in RSG. FSA Wealth Management LLC acquired a new position in shares of Republic Services during the 3rd quarter worth about $25,000. Arcadia Investment Management Corp MI grew its holdings in Republic Services by 200.0% during the fourth quarter. Arcadia Investment Management Corp MI now owns 132 shares of the business services provider's stock worth $27,000 after purchasing an additional 88 shares during the period. R Squared Ltd acquired a new position in Republic Services during the fourth quarter worth approximately $32,000. Truvestments Capital LLC acquired a new stake in shares of Republic Services in the third quarter valued at approximately $34,000. Finally, Generali Asset Management SPA SGR bought a new position in shares of Republic Services during the 4th quarter worth approximately $45,000. 57.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Republic Services

In other news, COO Gregg Brummer sold 6,293 shares of the firm's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $228.20, for a total value of $1,436,062.60. Following the sale, the chief operating officer now directly owns 10,416 shares in the company, valued at approximately $2,376,931.20. This trade represents a 37.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.09% of the company's stock.

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Analysts Set New Price Targets

Several equities research analysts have issued reports on RSG shares. Stifel Nicolaus raised their price target on Republic Services from $240.00 to $257.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. Jefferies Financial Group raised their target price on shares of Republic Services from $235.00 to $244.00 and gave the stock a "buy" rating in a research note on Thursday, January 23rd. Truist Financial reiterated a "buy" rating and issued a $250.00 price target (up previously from $244.00) on shares of Republic Services in a research note on Friday, February 14th. CIBC upgraded shares of Republic Services from a "neutral" rating to a "sector outperform" rating and set a $264.00 price objective for the company in a research report on Tuesday, March 4th. Finally, William Blair reiterated an "outperform" rating on shares of Republic Services in a research note on Friday, February 14th. Five analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $236.88.

Republic Services Price Performance

RSG traded up $2.23 on Thursday, hitting $239.98. 1,256,528 shares of the stock were exchanged, compared to its average volume of 1,009,454. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.58 and a quick ratio of 0.64. Republic Services, Inc. has a 12 month low of $180.92 and a 12 month high of $240.97. The firm has a market capitalization of $74.94 billion, a price-to-earnings ratio of 36.98, a PEG ratio of 3.64 and a beta of 0.73. The business has a 50-day moving average of $227.23 and a two-hundred day moving average of $213.52.

Republic Services (NYSE:RSG - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The business services provider reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.21. Republic Services had a net margin of 12.74% and a return on equity of 18.28%. The business had revenue of $4.05 billion for the quarter, compared to analyst estimates of $4.08 billion. During the same quarter last year, the business posted $1.41 EPS. Sell-side analysts forecast that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.

Republic Services Announces Dividend

The firm 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. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $2.32 annualized dividend and a dividend yield of 0.97%. Republic Services's dividend payout ratio is currently 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.