Republic Services Inc. (RSG) Shares Bought by KBC Group NV
KBC Group NV raised its stake in shares of Republic Services Inc. (NYSE:RSG) by 29.7% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 147,373 shares of the company’s stock after buying an additional 33,706 shares during the period. KBC Group NV’s holdings in Republic Services were worth $7,435,000 at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. Victory Capital Management Inc. raised its stake in Republic Services by 11.0% in the third quarter. Victory Capital Management Inc. now owns 1,467,057 shares of the company’s stock valued at $74,013,000 after buying an additional 145,075 shares in the last quarter. Tdam USA Inc. raised its stake in Republic Services by 34.1% in the third quarter. Tdam USA Inc. now owns 21,581 shares of the company’s stock valued at $1,089,000 after buying an additional 5,482 shares in the last quarter. TD Asset Management Inc. raised its stake in Republic Services by 9.4% in the third quarter. TD Asset Management Inc. now owns 921,472 shares of the company’s stock valued at $46,488,000 after buying an additional 79,361 shares in the last quarter. Timber Hill LLC bought a new stake in Republic Services during the third quarter valued at approximately $852,000. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp increased its stake in Republic Services by 161.5% in the third quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 305,400 shares of the company’s stock valued at $15,407,000 after buying an additional 188,600 shares during the period. 60.80% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Republic Services Inc. (NYSE:RSG) traded down 0.68% during mid-day trading on Wednesday, reaching $55.52. The company’s stock had a trading volume of 686,270 shares. The firm has a market cap of $18.87 billion, a P/E ratio of 32.28 and a beta of 0.61. The firm’s 50-day moving average price is $52.17 and its 200 day moving average price is $50.88. Republic Services Inc. has a 12-month low of $41.82 and a 12-month high of $55.93.
Republic Services (NYSE:RSG) last posted its earnings results on Thursday, October 27th. The company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.58 by $0.04. The firm had revenue of $2.41 billion for the quarter, compared to analyst estimates of $2.40 billion. Republic Services had a return on equity of 9.62% and a net margin of 6.40%. Republic Services’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.53 earnings per share. On average, analysts expect that Republic Services Inc. will post $2.20 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, January 16th. Investors of record on Tuesday, January 3rd will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 2.29%. The ex-dividend date of this dividend is Thursday, December 29th. Republic Services’s dividend payout ratio (DPR) is presently 74.85%.
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Several equities research analysts have commented on RSG shares. Zacks Investment Research downgraded Republic Services from a “buy” rating to a “hold” rating in a report on Tuesday, November 1st. Deutsche Bank AG cut Republic Services from a “buy” rating to a “hold” rating and boosted their price target for the stock from $108.00 to $112.00 in a research note on Saturday, October 22nd. Goldman Sachs Group Inc. assumed coverage on Republic Services in a research note on Tuesday, November 1st. They issued a “neutral” rating and a $52.00 price target for the company. Imperial Capital boosted their price target on Republic Services from $52.00 to $58.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 2nd. Finally, Macquarie assumed coverage on Republic Services in a research note on Thursday, August 25th. They issued a “neutral” rating and a $53.00 price target for the company. Eight investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $57.91.
In other Republic Services news, insider Donald W. Slager sold 26,000 shares of the company’s stock in a transaction on Monday, October 3rd. The shares were sold at an average price of $50.37, for a total value of $1,309,620.00. Following the completion of the transaction, the insider now owns 234,397 shares in the company, valued at $11,806,576.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Donald W. Slager sold 164,628 shares of the company’s stock in a transaction on Friday, October 28th. The shares were sold at an average price of $52.00, for a total transaction of $8,560,656.00. Following the completion of the transaction, the insider now owns 257,367 shares of the company’s stock, valued at approximately $13,383,084. The disclosure for this sale can be found here. 0.50% of the stock is owned by corporate insiders.
Republic Services Company Profile
Republic Services, Inc is a provider of non-hazardous solid waste collection, transfer, disposal, recycling and energy services in the United States. The Company operates through three segments: East, Central and West. The Company operates in over 40 states and Puerto Rico through approximately 340 collection operations, over 200 transfer stations, over 190 active landfills, approximately 70 recycling centers, approximately 10 treatment, recovery and disposal facilities, and over 10 salt water disposal wells.
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