BNP PARIBAS ASSET MANAGEMENT Holding S.A. Buys 147,799 Shares of Republic Services, Inc. (NYSE:RSG)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in shares of Republic Services, Inc. (NYSE:RSG) by 31.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 614,586 shares of the business services provider’s stock after buying an additional 147,799 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned about 0.20% of Republic Services worth $123,434,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Simmons Bank grew its stake in Republic Services by 2.8% in the third quarter. Simmons Bank now owns 1,895 shares of the business services provider’s stock valued at $381,000 after acquiring an additional 51 shares during the period. RFG Advisory LLC increased its stake in Republic Services by 0.5% during the 2nd quarter. RFG Advisory LLC now owns 10,603 shares of the business services provider’s stock worth $2,061,000 after purchasing an additional 53 shares in the last quarter. Commerzbank Aktiengesellschaft FI raised its holdings in Republic Services by 2.9% during the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 1,860 shares of the business services provider’s stock worth $362,000 after buying an additional 53 shares during the period. Venturi Wealth Management LLC lifted its stake in Republic Services by 16.5% in the third quarter. Venturi Wealth Management LLC now owns 382 shares of the business services provider’s stock valued at $77,000 after buying an additional 54 shares in the last quarter. Finally, Hexagon Capital Partners LLC increased its holdings in Republic Services by 4.0% during the second quarter. Hexagon Capital Partners LLC now owns 1,433 shares of the business services provider’s stock worth $278,000 after buying an additional 55 shares during the last quarter. 57.73% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. TD Cowen lifted 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. StockNews.com lowered Republic Services from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 1st. Stifel Nicolaus lifted their target price on Republic Services from $215.00 to $230.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. Royal Bank of Canada increased their price target on Republic Services from $211.00 to $219.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 30th. Finally, Raymond James reduced their price objective on shares of Republic Services from $219.00 to $214.00 and set an “outperform” rating for the company in a research report on Thursday, July 25th. Nine investment 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, the stock currently has an average rating of “Moderate Buy” and an average target price of $215.71.

Insider Buying and Selling at Republic Services

In other Republic Services news, CFO Brian M. Delghiaccio sold 5,071 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The shares were 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 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 filing with the SEC, which is available at this link. Company insiders own 0.09% of the company’s stock.

Republic Services Trading Up 0.8 %

Shares of Republic Services stock opened at $212.62 on Thursday. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.07. Republic Services, Inc. has a 12-month low of $158.68 and a 12-month high of $216.18. The company has a market capitalization of $66.58 billion, a price-to-earnings ratio of 34.02, a PEG ratio of 3.22 and a beta of 0.70. The firm’s 50-day moving average price is $204.17 and its two-hundred day moving average price is $198.54.

Republic Services (NYSE:RSG) last announced 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. Republic Services had a net margin of 12.46% and a return on equity of 18.18%. The business had revenue of $4.08 billion for the quarter, compared to analysts’ expectations of $4.12 billion. During the same period last year, the firm posted $1.54 earnings per share. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. On average, analysts forecast that Republic Services, Inc. will post 6.24 earnings per share for the current fiscal year.

Republic Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be paid a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 1.09%. The ex-dividend date is Thursday, January 2nd. Republic Services’s dividend payout ratio (DPR) is presently 37.12%.

Republic Services 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.