Partners Group Holding AG Has $69.87 Million Stake in Republic Services, Inc. (NYSE:RSG)

Partners Group Holding AG lifted its position in Republic Services, Inc. (NYSE:RSG) by 41.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 347,885 shares of the business services provider’s stock after buying an additional 101,831 shares during the quarter. Republic Services comprises approximately 4.7% of Partners Group Holding AG’s holdings, making the stock its 5th largest position. Partners Group Holding AG owned 0.11% of Republic Services worth $69,869,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Wolff Wiese Magana LLC lifted its holdings in shares of Republic Services by 351.6% during the 3rd quarter. Wolff Wiese Magana LLC now owns 140 shares of the business services provider’s stock worth $28,000 after acquiring an additional 109 shares during the period. EntryPoint Capital LLC bought a new position in shares of Republic Services during the first quarter valued at $29,000. Webster Bank N. A. acquired a new stake in shares of Republic Services in the 3rd quarter valued at $31,000. Truvestments Capital LLC bought a new position in Republic Services during the 3rd quarter valued at about $34,000. Finally, Itau Unibanco Holding S.A. acquired a new position in Republic Services in the second quarter valued at about $36,000. 57.73% of the stock is owned by institutional investors.

Insider Buying and Selling at Republic Services

In other news, CFO Brian M. Delghiaccio sold 5,071 shares of the stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $210.02, for a total transaction of $1,065,011.42. Following the completion of the sale, the chief financial officer now owns 6,318 shares of the company’s stock, valued at $1,326,906.36. This represents a 44.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.09% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Truist Financial lifted their target price on shares of Republic Services from $220.00 to $244.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Oppenheimer boosted their price objective on Republic Services from $219.00 to $220.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Scotiabank initiated coverage on Republic Services in a research note on Friday, October 4th. They issued a “sector perform” rating and a $224.00 target price for the company. William Blair assumed coverage on shares of Republic Services in a research report on Thursday, October 3rd. They set an “outperform” rating on the stock. Finally, TD Cowen raised their price objective on shares of Republic Services from $195.00 to $200.00 and gave the company a “hold” rating in a research report on Monday, August 5th. Nine equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $215.71.

Republic Services Trading Up 0.5 %

NYSE:RSG opened at $217.83 on Tuesday. The firm has a market capitalization of $68.21 billion, a price-to-earnings ratio of 34.85, a PEG ratio of 3.31 and a beta of 0.70. Republic Services, Inc. has a 1-year low of $159.10 and a 1-year high of $218.90. The business’s 50-day moving average price is $204.81 and its two-hundred day moving average price is $199.22. 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 (NYSE:RSG) last issued its quarterly earnings data 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. The firm had revenue of $4.08 billion during the quarter, compared to analysts’ expectations of $4.12 billion. Republic Services had a net margin of 12.46% and a return on equity of 18.18%. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.54 earnings per share. On average, equities analysts expect that Republic Services, Inc. will post 6.24 earnings per share for the current year.

Republic Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd will be issued a dividend of $0.58 per share. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $2.32 annualized dividend and a yield of 1.07%. Republic Services’s dividend payout ratio is presently 37.12%.

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.