Republic Services, Inc. (NYSE:RSG) is Trium Capital LLP’s 10th Largest Position

Trium Capital LLP grew its holdings in Republic Services, Inc. (NYSE:RSG) by 11.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,178 shares of the business services provider’s stock after acquiring an additional 1,139 shares during the period. Republic Services comprises approximately 0.3% of Trium Capital LLP’s holdings, making the stock its 10th biggest holding. Trium Capital LLP’s holdings in Republic Services were worth $2,249,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Wellington Management Group LLP lifted its position in shares of Republic Services by 23.2% during the third quarter. Wellington Management Group LLP now owns 6,004,199 shares of the business services provider’s stock worth $1,205,883,000 after purchasing an additional 1,131,850 shares in the last quarter. Geode Capital Management LLC increased its stake in Republic Services by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 4,507,521 shares of the business services provider’s stock worth $903,316,000 after buying an additional 73,207 shares during the period. Nordea Investment Management AB boosted its position in Republic Services by 19.4% in the 4th quarter. Nordea Investment Management AB now owns 3,129,322 shares of the business services provider’s stock valued at $626,553,000 after buying an additional 509,116 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Republic Services by 2.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,520,738 shares of the business services provider’s stock valued at $506,265,000 after acquiring an additional 57,040 shares in the last quarter. Finally, Stifel Financial Corp increased its position in shares of Republic Services by 437.9% during the third quarter. Stifel Financial Corp now owns 1,814,613 shares of the business services provider’s stock worth $364,449,000 after acquiring an additional 1,477,255 shares during the last quarter. 57.73% of the stock is owned by hedge funds and other institutional investors.

Republic Services Trading Up 0.9 %

Republic Services stock opened at $213.85 on Friday. The firm has a 50-day moving average price of $209.23 and a two-hundred day moving average price of $204.29. Republic Services, Inc. has a 52-week low of $165.99 and a 52-week high of $220.58. The firm has a market capitalization of $66.97 billion, a price-to-earnings ratio of 34.22, a PEG ratio of 2.98 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.

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

Republic Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd were given a dividend of $0.58 per share. The ex-dividend date was Thursday, January 2nd. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.08%. Republic Services’s dividend payout ratio (DPR) is 37.12%.

Insider Activity

In related news, Director Katharine Weymouth sold 1,859 shares of Republic Services stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $215.27, for a total transaction of $400,186.93. Following the transaction, the director now directly owns 879 shares of the company’s stock, valued at $189,222.33. The trade was a 67.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Brian M. Delghiaccio sold 5,071 shares of the firm’s stock in a transaction dated 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 transaction, the chief financial officer now owns 6,318 shares of the company’s stock, valued at approximately $1,326,906.36. This trade represents a 44.53 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.09% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. CIBC raised their price objective on Republic Services from $217.00 to $227.00 and gave the company a “neutral” rating in a research note on Wednesday, December 4th. Morgan Stanley raised their price target on shares of Republic Services from $217.00 to $220.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. William Blair assumed coverage on shares of Republic Services in a research note on Thursday, October 3rd. They set an “outperform” rating on the stock. Deutsche Bank Aktiengesellschaft raised shares of Republic Services from a “hold” rating to a “buy” rating and boosted their target price for the stock from $219.00 to $237.00 in a research report on Tuesday, December 10th. Finally, BMO Capital Markets raised shares of Republic Services from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $211.00 to $238.00 in a research report on Friday, December 6th. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $221.12.

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.