Robeco Institutional Asset Management B.V. Has $80.94 Million Stock Holdings in Republic Services, Inc. (NYSE:RSG)

Robeco Institutional Asset Management B.V. reduced its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 3.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 402,319 shares of the business services provider’s stock after selling 15,437 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.13% of Republic Services worth $80,939,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in RSG. Public Sector Pension Investment Board increased its position in shares of Republic Services by 130.0% during the 2nd quarter. Public Sector Pension Investment Board now owns 5,761 shares of the business services provider’s stock worth $1,120,000 after purchasing an additional 3,256 shares in the last quarter. Marshall Wace LLP acquired a new stake in shares of Republic Services during the second quarter worth approximately $4,625,000. Creative Planning raised its stake in shares of Republic Services by 9.2% in the second quarter. Creative Planning now owns 29,087 shares of the business services provider’s stock valued at $5,653,000 after acquiring an additional 2,452 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in shares of Republic Services by 52.3% in the 2nd quarter. NewEdge Advisors LLC now owns 25,771 shares of the business services provider’s stock worth $5,008,000 after acquiring an additional 8,845 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in Republic Services by 158.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 31,171 shares of the business services provider’s stock valued at $6,058,000 after purchasing an additional 19,113 shares in the last quarter. Institutional investors and hedge funds own 57.73% of the company’s stock.

Insider Activity at Republic Services

In other Republic Services news, CFO Brian M. Delghiaccio sold 5,071 shares of Republic Services stock in a transaction dated 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 $1,326,906.36. This trade represents a 44.53 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Katharine Weymouth sold 1,859 shares of the company’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $215.27, for a total value of $400,186.93. Following the transaction, the director now directly owns 879 shares of the company’s stock, valued at $189,222.33. This represents a 67.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.09% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have commented on RSG. William Blair started coverage on Republic Services in a research note on Thursday, October 3rd. They issued an “outperform” rating on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Republic Services from a “hold” rating to a “buy” rating and raised their price objective for the company from $219.00 to $237.00 in a research report on Tuesday, December 10th. BMO Capital Markets upgraded shares of Republic Services from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $211.00 to $238.00 in a research report on Friday, December 6th. Jefferies Financial Group boosted their price objective on shares of Republic Services from $235.00 to $244.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Finally, Scotiabank started coverage on Republic Services in a research report on Friday, October 4th. They issued a “sector perform” rating and a $224.00 price objective on the stock. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $222.24.

Republic Services Trading Down 1.7 %

Shares of NYSE RSG opened at $212.42 on Thursday. Republic Services, Inc. has a twelve month low of $169.83 and a twelve month high of $220.58. The stock has a market cap of $66.52 billion, a price-to-earnings ratio of 33.99, a P/E/G ratio of 3.07 and a beta of 0.73. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.07. The company’s fifty day moving average is $209.68 and its 200-day moving average is $205.45.

Republic Services (NYSE:RSG) last posted its earnings results on Tuesday, October 29th. The business services provider reported $1.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $4.12 billion. During the same period in the previous year, the firm earned $1.54 earnings per share. The company’s revenue was up 6.5% on a year-over-year basis. Equities research analysts predict that Republic Services, Inc. will post 6.25 EPS for the current year.

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.