Republic Services, Inc. (NYSE:RSG) is Partners Group Holding AG's 5th Largest Position

Partners Group Holding AG increased its stake in Republic Services, Inc. (NYSE:RSG - Free Report) by 41.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 347,885 shares of the business services provider's stock after acquiring an additional 101,831 shares during the period. Republic Services comprises approximately 4.7% of Partners Group Holding AG's portfolio, making the stock its 5th largest position. Partners Group Holding AG owned about 0.11% of Republic Services worth $69,869,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. EntryPoint Capital LLC purchased a new position in shares of Republic Services in the first quarter worth $29,000. Lazard Asset Management LLC lifted its position in Republic Services by 13.0% in the 1st quarter. Lazard Asset Management LLC now owns 32,573 shares of the business services provider's stock valued at $6,235,000 after acquiring an additional 3,735 shares in the last quarter. B. Riley Wealth Advisors Inc. increased its holdings in Republic Services by 1.4% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 30,409 shares of the business services provider's stock worth $5,821,000 after buying an additional 407 shares in the last quarter. Tidal Investments LLC raised its holdings in shares of Republic Services by 55.1% during the first quarter. Tidal Investments LLC now owns 10,093 shares of the business services provider's stock valued at $1,932,000 after purchasing an additional 3,587 shares during the last quarter. Finally, Garner Asset Management Corp boosted its stake in shares of Republic Services by 11.9% in the 1st quarter. Garner Asset Management Corp now owns 4,067 shares of the business services provider's stock worth $779,000 after buying an additional 434 shares during the last quarter. Institutional investors own 57.73% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on RSG. Scotiabank began coverage on Republic Services in a research note on Friday, October 4th. They set a "sector perform" rating and a $224.00 price objective for the company. Truist Financial increased their price objective 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. Royal Bank of Canada boosted their target price 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. CIBC lifted their price objective on Republic Services from $208.00 to $217.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 30th. Finally, William Blair began coverage on Republic Services in a research report on Thursday, October 3rd. They set an "outperform" rating for the company. Nine investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, Republic Services presently has a consensus rating of "Moderate Buy" and an average target price of $215.71.

Insider Buying and Selling at Republic Services

In related news, CFO Brian M. Delghiaccio sold 5,071 shares of Republic Services stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $210.02, for a total value of $1,065,011.42. Following the sale, the chief financial officer now owns 6,318 shares of the company's stock, valued at approximately $1,326,906.36. This trade represents a 44.53 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.09% of the stock is owned by corporate insiders.

Republic Services Stock Performance

Shares of Republic Services stock traded up $0.94 during trading on Tuesday, hitting $218.80. 834,902 shares of the company's stock were exchanged, compared to its average volume of 1,121,347. The stock has a market capitalization of $68.52 billion, a price-to-earnings ratio of 34.85, a PEG ratio of 3.31 and a beta of 0.70. The business has a 50-day simple moving average of $204.81 and a 200-day simple moving average of $199.22. Republic Services, Inc. has a 52-week low of $159.10 and a 52-week high of $219.94. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.64 and a current ratio of 0.64.

Republic Services (NYSE:RSG - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The business services provider reported $1.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.20. The business had revenue of $4.08 billion during the quarter, compared to analysts' expectations of $4.12 billion. Republic Services had a return on equity of 18.18% and a net margin of 12.46%. The company's revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.54 EPS. On average, research analysts forecast that Republic Services, Inc. will post 6.24 EPS for the current year.

Republic Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be given a dividend of $0.58 per share. The ex-dividend date is Thursday, January 2nd. This represents a $2.32 annualized dividend and a yield of 1.06%. Republic Services's dividend payout ratio is presently 37.12%.

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.