Partners Group Holding AG Has $56.22 Million Stake in Republic Services, Inc. (NYSE:RSG)

Partners Group Holding AG decreased its position in shares of Republic Services, Inc. (NYSE:RSG) by 19.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 279,467 shares of the business services provider’s stock after selling 68,418 shares during the period. Republic Services comprises 2.0% of Partners Group Holding AG’s portfolio, making the stock its 6th biggest position. Partners Group Holding AG’s holdings in Republic Services were worth $56,223,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. increased its holdings in Republic Services by 37.5% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,682 shares of the business services provider’s stock valued at $3,586,000 after purchasing an additional 4,827 shares in the last quarter. TCW Group Inc. raised its holdings in shares of Republic Services by 13.0% in the third quarter. TCW Group Inc. now owns 114,582 shares of the business services provider’s stock valued at $23,013,000 after buying an additional 13,138 shares during the last quarter. Avanza Fonder AB acquired a new position in Republic Services during the 4th quarter worth about $4,430,000. Czech National Bank increased its position in Republic Services by 6.1% in the 4th quarter. Czech National Bank now owns 44,134 shares of the business services provider’s stock valued at $8,879,000 after acquiring an additional 2,548 shares in the last quarter. Finally, Hickory Point Bank & Trust bought a new position in shares of Republic Services in the fourth quarter worth about $790,000. Institutional investors own 57.73% of the company’s stock.

Insider Buying and Selling

In other news, COO Gregg Brummer sold 6,293 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $228.20, for a total transaction of $1,436,062.60. Following the transaction, the chief operating officer now directly owns 10,416 shares of the company’s stock, valued at approximately $2,376,931.20. This trade represents a 37.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.09% of the stock is owned by insiders.

Republic Services Stock Performance

NYSE RSG opened at $232.95 on Friday. The stock has a market cap of $72.75 billion, a PE ratio of 35.89, a P/E/G ratio of 3.64 and a beta of 0.73. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.64 and a current ratio of 0.58. The firm has a 50-day moving average of $224.90 and a 200-day moving average of $212.66. Republic Services, Inc. has a 52-week low of $180.92 and a 52-week high of $240.95.

Republic Services (NYSE:RSG) last posted its earnings results on Thursday, February 13th. The business services provider reported $1.58 EPS for the quarter, beating the consensus estimate of $1.37 by $0.21. The company had revenue of $4.05 billion for the quarter, compared to the consensus estimate of $4.08 billion. Republic Services had a return on equity of 18.28% and a net margin of 12.74%. During the same quarter in the prior year, the business earned $1.41 earnings per share. On average, sell-side analysts anticipate that Republic Services, Inc. will post 6.86 EPS for the current year.

Republic Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Wednesday, April 2nd will be given a $0.58 dividend. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.00%. Republic Services’s payout ratio is presently 35.75%.

Analyst Ratings Changes

RSG has been the subject of a number of research reports. William Blair reissued an “outperform” rating on shares of Republic Services in a report on Friday, February 14th. UBS Group boosted their target price on Republic Services from $212.00 to $240.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 19th. Cibc World Mkts upgraded Republic Services from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 4th. Jefferies Financial Group upped their target price on shares of Republic Services from $235.00 to $244.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Finally, The Goldman Sachs Group lifted their price target on shares of Republic Services from $239.00 to $265.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Five research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $236.88.

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.