EULAV Asset Management Has $78.55 Million Stock Holdings in Republic Services, Inc. (NYSE:RSG)

EULAV Asset Management raised its position in Republic Services, Inc. (NYSE:RSG) by 41.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 390,458 shares of the business services provider’s stock after purchasing an additional 115,000 shares during the quarter. Republic Services makes up approximately 1.9% of EULAV Asset Management’s holdings, making the stock its 12th biggest position. EULAV Asset Management’s holdings in Republic Services were worth $78,552,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of RSG. Stifel Financial Corp grew its position in Republic Services by 437.9% in 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 in the last quarter. Wellington Management Group LLP lifted its stake in shares of Republic Services by 23.2% in the 3rd quarter. Wellington Management Group LLP now owns 6,004,199 shares of the business services provider’s stock valued at $1,205,883,000 after purchasing an additional 1,131,850 shares during the last quarter. International Assets Investment Management LLC increased its position in Republic Services by 83,671.9% during the third quarter. International Assets Investment Management LLC now owns 538,653 shares of the business services provider’s stock worth $108,183,000 after buying an additional 538,010 shares during the last quarter. Nordea Investment Management AB raised its holdings in Republic Services by 19.4% during the fourth 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 in the last quarter. Finally, National Bank of Canada FI boosted its stake in shares of Republic Services by 544.7% during the 3rd quarter. National Bank of Canada FI now owns 545,613 shares of the business services provider’s stock worth $109,580,000 after acquiring an additional 460,989 shares in the last quarter. 57.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

RSG has been the subject of several analyst reports. Royal Bank of Canada upgraded Republic Services from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from $219.00 to $237.00 in a report on Monday, January 6th. Deutsche Bank Aktiengesellschaft raised shares of Republic Services from a “hold” rating to a “buy” rating and upped their price objective for the stock from $219.00 to $237.00 in a report on Tuesday, December 10th. BMO Capital Markets raised shares of Republic Services from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $211.00 to $238.00 in a research report on Friday, December 6th. Oppenheimer raised their price target on Republic Services from $219.00 to $220.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Finally, Morgan Stanley increased their target price on Republic Services from $217.00 to $220.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. Six investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $224.38.

Insiders Place Their Bets

In related news, Director Katharine Weymouth sold 1,859 shares of the company’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $215.27, for a total transaction of $400,186.93. Following the transaction, the director now owns 879 shares in the company, valued at $189,222.33. This represents a 67.90 % decrease in their position. The sale was disclosed in a 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 completion of the sale, the chief financial officer now owns 6,318 shares of the company’s stock, valued at $1,326,906.36. The trade was 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.

Republic Services Price Performance

Shares of RSG stock opened at $220.91 on Friday. The firm has a market cap of $69.18 billion, a price-to-earnings ratio of 35.35, a P/E/G ratio of 3.24 and a beta of 0.74. The stock’s fifty day simple moving average is $209.96 and its 200 day simple moving average is $206.15. Republic Services, Inc. has a one year low of $171.06 and a one year high of $222.65. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.64 and a quick ratio of 0.64.

Republic Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Wednesday, April 2nd will be issued a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 1.05%. The ex-dividend date of this dividend is Wednesday, April 2nd. Republic Services’s dividend payout ratio is currently 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.