Trium Capital LLP Boosts Holdings in Republic Services, Inc. $RSG

Trium Capital LLP boosted its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 92.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,824 shares of the business services provider’s stock after buying an additional 3,748 shares during the quarter. Republic Services makes up about 0.7% of Trium Capital LLP’s investment portfolio, making the stock its 19th largest holding. Trium Capital LLP’s holdings in Republic Services were worth $1,795,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in shares of Republic Services by 1.6% in the second quarter. Vanguard Group Inc. now owns 19,057,995 shares of the business services provider’s stock valued at $4,699,892,000 after acquiring an additional 296,719 shares in the last quarter. Geode Capital Management LLC raised its stake in Republic Services by 3.1% during the 2nd quarter. Geode Capital Management LLC now owns 4,821,387 shares of the business services provider’s stock valued at $1,187,328,000 after purchasing an additional 144,003 shares during the period. Norges Bank purchased a new position in Republic Services in the 2nd quarter worth approximately $690,313,000. Franklin Resources Inc. boosted its stake in Republic Services by 10.1% in the 2nd quarter. Franklin Resources Inc. now owns 2,379,682 shares of the business services provider’s stock worth $586,854,000 after purchasing an additional 218,114 shares during the period. Finally, Invesco Ltd. boosted its stake in Republic Services by 21.3% in the 2nd quarter. Invesco Ltd. now owns 2,325,302 shares of the business services provider’s stock worth $573,443,000 after purchasing an additional 408,885 shares during the period. 57.73% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Raymond James Financial reissued an “outperform” rating and issued a $240.00 target price on shares of Republic Services in a report on Friday, October 31st. Oppenheimer set a $256.00 price target on shares of Republic Services in a research note on Friday, October 31st. Robert W. Baird set a $240.00 price objective on Republic Services in a research report on Friday, October 31st. Stifel Nicolaus reduced their target price on Republic Services from $257.00 to $251.00 and set a “buy” rating on the stock in a report on Friday, October 31st. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Republic Services in a research note on Monday. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Republic Services has a consensus rating of “Moderate Buy” and a consensus target price of $250.64.

Insider Buying and Selling

In other Republic Services news, Director Katharine Weymouth bought 478 shares of Republic Services stock in a transaction on Tuesday, December 9th. The shares were acquired at an average price of $209.46 per share, for a total transaction of $100,121.88. Following the completion of the purchase, the director directly owned 5,740 shares in the company, valued at approximately $1,202,300.40. This trade represents a 9.08% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.11% of the stock is owned by company insiders.

Republic Services Stock Up 0.1%

Shares of NYSE RSG opened at $213.20 on Friday. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.04. Republic Services, Inc. has a 12-month low of $199.43 and a 12-month high of $258.75. The firm’s 50-day moving average price is $213.44 and its 200-day moving average price is $227.85. The stock has a market capitalization of $66.00 billion, a price-to-earnings ratio of 31.73, a P/E/G ratio of 3.67 and a beta of 0.54.

Republic Services (NYSE:RSG) last issued its quarterly earnings data on Friday, October 31st. The business services provider reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.12. The company had revenue of $4.21 billion for the quarter, compared to analysts’ expectations of $4.25 billion. Republic Services had a return on equity of 18.24% and a net margin of 12.77%.The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.81 earnings per share. On average, equities research analysts anticipate that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.

Republic Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Friday, January 2nd will be given a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Friday, January 2nd. Republic Services’s payout ratio is 37.20%.

About Republic Services

Republic Services, Inc is a leading provider of non-hazardous solid waste and recycling services in the United States. The company offers a broad range of waste management solutions to residential, commercial, industrial and municipal customers, positioning itself as a full-service partner for everyday waste collection as well as specialized disposal needs.

Republic’s core operations include curbside and commercial collection, transfer and hauling, materials recovery and recycling facilities, and landfill disposal.