EULAV Asset Management Has $55.32 Million Holdings in Republic Services, Inc. (NYSE:RSG)

EULAV Asset Management grew its position in Republic Services, Inc. (NYSE:RSG) by 0.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 275,458 shares of the business services provider’s stock after purchasing an additional 1,004 shares during the period. Republic Services comprises about 1.3% of EULAV Asset Management’s portfolio, making the stock its 23rd largest position. EULAV Asset Management owned approximately 0.09% of Republic Services worth $55,323,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. First Horizon Advisors Inc. lifted its holdings in shares of Republic Services by 11.6% in the third quarter. First Horizon Advisors Inc. now owns 529 shares of the business services provider’s stock valued at $106,000 after purchasing an additional 55 shares in the last quarter. Advisors Asset Management Inc. increased its holdings in shares of Republic Services by 35.7% during the 3rd quarter. Advisors Asset Management Inc. now owns 30,730 shares of the business services provider’s stock worth $6,172,000 after acquiring an additional 8,081 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Republic Services in the third quarter valued at about $6,102,000. Hilton Capital Management LLC acquired a new stake in Republic Services during the third quarter worth approximately $15,624,000. Finally, Kirtland Hills Capital Management LLC boosted its stake in Republic Services by 1.3% in the 3rd quarter. Kirtland Hills Capital Management LLC now owns 7,955 shares of the business services provider’s stock valued at $1,598,000 after purchasing an additional 105 shares during the period. Institutional investors and hedge funds own 57.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on RSG. CIBC lifted their price objective on Republic Services from $208.00 to $217.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Morgan Stanley upped their target price on Republic Services from $208.00 to $217.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Oppenheimer boosted their price target on shares of Republic Services from $219.00 to $220.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. William Blair initiated coverage on shares of Republic Services in a research report on Thursday, October 3rd. They issued an “outperform” rating on the stock. Finally, Stifel Nicolaus raised their price objective on Republic Services from $215.00 to $230.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Nine analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $215.71.

Republic Services Price Performance

RSG opened at $210.91 on Wednesday. The stock’s 50 day moving average price is $204.01 and its 200-day moving average price is $198.44. Republic Services, Inc. has a 52-week low of $157.91 and a 52-week high of $216.18. The stock has a market capitalization of $66.05 billion, a PE ratio of 33.75, a price-to-earnings-growth ratio of 3.18 and a beta of 0.70. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.64 and a current ratio of 0.64.

Republic Services (NYSE:RSG) last announced its earnings results on Tuesday, October 29th. The business services provider reported $1.81 earnings per share for the quarter, beating analysts’ consensus estimates of $1.61 by $0.20. Republic Services had a net margin of 12.46% and a return on equity of 18.18%. The firm had revenue of $4.08 billion for the quarter, compared to analyst estimates of $4.12 billion. During the same quarter in the previous year, the firm posted $1.54 EPS. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. On average, equities research analysts predict that Republic Services, Inc. will post 6.24 EPS for the current year.

Republic Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd will be given a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend is Thursday, January 2nd. Republic Services’s dividend payout ratio is currently 37.12%.

Insider Activity

In other news, CFO Brian M. Delghiaccio sold 5,071 shares of the firm’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $210.02, for a total transaction of $1,065,011.42. Following the completion of the transaction, the chief financial officer now directly owns 6,318 shares in the company, valued at $1,326,906.36. This trade 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 through the SEC website. Company insiders own 0.09% of the company’s stock.

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.