Union Bancaire Privee UBP SA Purchases New Position in Republic Services, Inc. (NYSE:RSG)

Union Bancaire Privee UBP SA acquired a new position in shares of Republic Services, Inc. (NYSE:RSG) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 156,174 shares of the business services provider’s stock, valued at approximately $30,676,000.

Other hedge funds have also recently modified their holdings of the company. FSA Wealth Management LLC purchased a new position in Republic Services during the 3rd quarter worth $25,000. Wolff Wiese Magana LLC lifted its stake in shares of Republic Services by 351.6% in the third quarter. Wolff Wiese Magana LLC now owns 140 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 109 shares during the period. Webster Bank N. A. purchased a new stake in shares of Republic Services during the 3rd quarter worth approximately $31,000. Truvestments Capital LLC acquired a new stake in Republic Services in the third quarter valued at $34,000. Finally, Ashton Thomas Securities LLC purchased a new position in Republic Services during the 3rd quarter valued at about $39,000. 57.73% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Katharine Weymouth sold 1,859 shares of the stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $215.27, for a total transaction of $400,186.93. Following the completion of the sale, the director now owns 879 shares in the company, valued at approximately $189,222.33. This represents a 67.90 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Brian M. Delghiaccio sold 5,071 shares of Republic Services stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $210.02, for a total value of $1,065,011.42. Following the completion of the transaction, the chief financial officer now owns 6,318 shares in the company, valued at $1,326,906.36. The trade was a 44.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.09% of the stock is owned by corporate insiders.

Republic Services Trading Down 0.2 %

Shares of NYSE:RSG opened at $211.74 on Monday. Republic Services, Inc. has a twelve month low of $168.58 and a twelve month high of $220.58. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.07. The firm has a market cap of $66.31 billion, a P/E ratio of 33.88, a P/E/G ratio of 3.07 and a beta of 0.73. The company has a 50 day moving average of $209.45 and a 200-day moving average of $205.16.

Republic Services (NYSE:RSG) last issued its quarterly earnings results 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 return on equity of 18.18% and a net margin of 12.46%. The firm had revenue of $4.08 billion during the quarter, compared to analyst estimates of $4.12 billion. During the same period last year, the company posted $1.54 EPS. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. As a group, analysts anticipate that Republic Services, Inc. will post 6.25 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

RSG has been the subject of several recent research reports. Royal Bank of Canada raised Republic Services from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from $219.00 to $237.00 in a research report on Monday, January 6th. Scotiabank started coverage on shares of Republic Services in a report on Friday, October 4th. They issued a “sector perform” rating and a $224.00 price target on the stock. Oppenheimer increased their target price 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. BMO Capital Markets raised shares of Republic Services from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $211.00 to $238.00 in a research report on Friday, December 6th. Finally, Morgan Stanley lifted their price objective on Republic Services from $217.00 to $220.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $222.24.

About Republic Services

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.