Republic Services, Inc. (NYSE:RSG) Position Cut by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its position in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 20.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,270,224 shares of the business services provider's stock after selling 316,591 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.41% of Republic Services worth $255,112,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wolff Wiese Magana LLC raised its position in Republic Services by 351.6% during the third quarter. Wolff Wiese Magana LLC now owns 140 shares of the business services provider's stock worth $28,000 after acquiring an additional 109 shares during the last quarter. Webster Bank N. A. acquired a new position in shares of Republic Services during the 3rd quarter worth approximately $31,000. Truvestments Capital LLC purchased a new stake in Republic Services in the 3rd quarter valued at approximately $34,000. Itau Unibanco Holding S.A. acquired a new stake in Republic Services during the 2nd quarter valued at $36,000. Finally, Ashton Thomas Securities LLC purchased a new position in Republic Services during the third quarter worth $39,000. 57.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on RSG shares. 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 on the stock. CIBC lifted their price target on shares of Republic Services from $208.00 to $217.00 and gave the stock a "neutral" rating in a report on Wednesday, October 30th. Oppenheimer upped their price objective on shares of Republic Services from $219.00 to $220.00 and gave the company an "outperform" rating in a research note on Wednesday, October 30th. TD Cowen boosted their price target on Republic Services from $195.00 to $200.00 and gave the company a "hold" rating in a report on Monday, August 5th. Finally, Royal Bank of Canada lifted their price objective on Republic Services from $211.00 to $219.00 and gave the company a "sector perform" rating in a research report on Wednesday, October 30th. Nine equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $215.71.

Republic Services Stock Up 0.0 %

Shares of RSG traded up $0.02 during mid-day trading on Friday, reaching $218.30. 631,459 shares of the stock traded hands, compared to its average volume of 1,117,714. The stock has a fifty day simple moving average of $206.22 and a 200 day simple moving average of $199.90. The firm has a market cap of $68.36 billion, a price-to-earnings ratio of 34.93, a P/E/G ratio of 3.34 and a beta of 0.70. Republic Services, Inc. has a 12-month low of $159.38 and a 12-month high of $220.58. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.07.

Republic Services (NYSE:RSG - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The business services provider reported $1.81 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 return on equity of 18.18% and a net margin of 12.46%. The company's revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period last year, the firm earned $1.54 earnings per share. Sell-side analysts expect that Republic Services, Inc. will post 6.24 EPS for the current fiscal year.

Republic Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd will be issued a dividend of $0.58 per share. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.06%. Republic Services's dividend payout ratio (DPR) is 37.12%.

Insider Transactions at Republic Services

In related news, CFO Brian M. Delghiaccio sold 5,071 shares of the firm's stock in a transaction that occurred on Tuesday, November 19th. The stock was 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.09% of the company's stock.

About Republic Services

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.