Natixis Advisors LLC Has $36.14 Million Position in Republic Services, Inc. $RSG

Natixis Advisors LLC lessened its holdings in Republic Services, Inc. (NYSE:RSG) by 16.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 170,507 shares of the business services provider’s stock after selling 32,937 shares during the period. Natixis Advisors LLC’s holdings in Republic Services were worth $36,135,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Wealth Watch Advisors INC acquired a new position in Republic Services during the 3rd quarter worth $26,000. Laurel Wealth Advisors LLC acquired a new position in Republic Services during the 4th quarter worth $25,000. Ameriflex Group Inc. acquired a new position in Republic Services during the 3rd quarter worth $29,000. Sound Income Strategies LLC acquired a new position in Republic Services during the 4th quarter worth $32,000. Finally, Westside Investment Management Inc. lifted its position in Republic Services by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 172 shares of the business services provider’s stock worth $39,000 after acquiring an additional 86 shares during the last quarter. Institutional investors and hedge funds own 57.73% of the company’s stock.

Insider Activity

In related news, major shareholder Cascade Investment, L.L.C. bought 366,000 shares of Republic Services stock in a transaction dated Wednesday, May 13th. The shares were bought at an average cost of $202.24 per share, for a total transaction of $74,019,840.00. Following the completion of the transaction, the insider owned 110,315,982 shares of the company’s stock, valued at approximately $22,310,304,199.68. This trade represents a 0.33% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders have purchased 987,150 shares of company stock worth $202,366,682 in the last quarter. 0.12% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently issued reports on RSG shares. UBS Group dropped their price objective on shares of Republic Services from $240.00 to $223.00 and set a “neutral” rating on the stock in a report on Tuesday, May 12th. Robert W. Baird dropped their price objective on shares of Republic Services from $242.00 to $240.00 and set a “neutral” rating on the stock in a report on Thursday, April 16th. BMO Capital Markets dropped their price objective on shares of Republic Services from $251.00 to $248.00 and set an “outperform” rating on the stock in a report on Wednesday, February 18th. Morgan Stanley dropped their price objective on shares of Republic Services from $230.00 to $225.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 18th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Republic Services from $233.00 to $245.00 and gave the stock a “neutral” rating in a report on Friday, April 10th. Eleven analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $245.15.

Republic Services Price Performance

Shares of Republic Services stock opened at $208.15 on Friday. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $64.04 billion, a price-to-earnings ratio of 29.86, a P/E/G ratio of 3.36 and a beta of 0.41. Republic Services, Inc. has a 1-year low of $196.41 and a 1-year high of $255.47. The firm’s 50-day moving average price is $209.91 and its two-hundred day moving average price is $214.78.

Republic Services (NYSE:RSG) last issued its quarterly earnings data on Friday, May 8th. The business services provider reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.64 by $0.06. Republic Services had a net margin of 13.00% and a return on equity of 18.57%. The firm had revenue of $4.11 billion for the quarter, compared to analysts’ expectations of $4.10 billion. During the same period in the prior year, the firm earned $1.58 earnings per share. The company’s quarterly revenue was up 2.6% compared to the same quarter last year. On average, equities analysts predict that Republic Services, Inc. will post 7.28 earnings per share for the current fiscal year.

Republic Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Thursday, July 2nd will be given a dividend of $0.625 per share. This represents a $2.50 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Thursday, July 2nd. Republic Services’s dividend payout ratio is presently 36.15%.

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.