Van ECK Associates Corp Has $8.38 Million Stake in Republic Services, Inc. (NYSE:RSG)

Van ECK Associates Corp decreased its position in Republic Services, Inc. (NYSE:RSG - Free Report) by 8.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 41,099 shares of the business services provider's stock after selling 3,556 shares during the period. Van ECK Associates Corp's holdings in Republic Services were worth $8,384,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. TD Asset Management Inc lifted its holdings in Republic Services by 424.7% in the first quarter. TD Asset Management Inc now owns 1,722,107 shares of the business services provider's stock valued at $329,680,000 after acquiring an additional 1,393,918 shares during the period. Capital World Investors boosted its holdings in shares of Republic Services by 20.5% in the 1st quarter. Capital World Investors now owns 7,909,008 shares of the business services provider's stock valued at $1,514,100,000 after buying an additional 1,346,588 shares in the last quarter. M&G Plc purchased a new position in shares of Republic Services during the first quarter worth about $130,892,000. 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 worth $108,183,000 after buying an additional 538,010 shares during the last quarter. Finally, Earnest Partners LLC boosted its stake in shares of Republic Services by 16.9% during the first quarter. Earnest Partners LLC now owns 1,262,519 shares of the business services provider's stock worth $241,697,000 after buying an additional 182,645 shares during the period. Hedge funds and other institutional investors own 57.73% of the company's stock.

Insider Transactions at Republic Services

In other news, Director Tomago Collins sold 3,200 shares of the firm's stock in a transaction on Friday, August 16th. The stock was sold at an average price of $203.01, for a total value of $649,632.00. Following the completion of the sale, the director now owns 17,486 shares of the company's stock, valued at $3,549,832.86. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.09% of the company's stock.

Republic Services Stock Up 0.5 %

RSG stock traded up $0.99 during mid-day trading on Thursday, hitting $208.06. 348,972 shares of the company were exchanged, compared to its average volume of 1,124,787. The company has a market capitalization of $65.15 billion, a PE ratio of 33.13, a price-to-earnings-growth ratio of 3.07 and a beta of 0.70. The firm has a fifty day simple moving average of $203.21 and a 200 day simple moving average of $197.10. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.07. Republic Services, Inc. has a twelve month low of $154.49 and a twelve month high of $209.09.

Republic Services (NYSE:RSG - Get Free Report) last announced 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. Republic Services had a return on equity of 18.18% and a net margin of 12.46%. The firm had revenue of $4.08 billion for the quarter, compared to analysts' expectations of $4.12 billion. During the same quarter in the prior year, the firm posted $1.54 earnings per share. Republic Services's revenue for the quarter was up 6.5% compared to the same quarter last year. On average, research analysts forecast that Republic Services, Inc. will post 6.24 earnings per share for the current fiscal year.

Republic Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be paid a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 1.12%. The ex-dividend date of this dividend is Thursday, January 2nd. Republic Services's dividend payout ratio is presently 37.12%.

Analyst Ratings Changes

Several research firms have weighed in on RSG. Stifel Nicolaus raised their price target on Republic Services from $215.00 to $230.00 and gave the stock a "buy" rating in a research report on Thursday, July 25th. CIBC increased their price target on shares of Republic Services from $208.00 to $217.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 30th. Scotiabank started coverage on Republic Services in a research report on Friday, October 4th. They issued a "sector perform" rating and a $224.00 target price on the stock. William Blair assumed coverage on shares of Republic Services in a research report on Thursday, October 3rd. They set an "outperform" rating for the company. Finally, Morgan Stanley upped their target price on Republic Services from $208.00 to $217.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 30th. Nine research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, Republic Services presently has an average rating of "Moderate Buy" and an average price target of $215.71.

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.