Lombard Odier Asset Management Switzerland SA Has $4.98 Million Stake in Republic Services, Inc. $RSG

Lombard Odier Asset Management Switzerland SA decreased its position in shares of Republic Services, Inc. (NYSE:RSG) by 26.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,179 shares of the business services provider’s stock after selling 7,076 shares during the period. Lombard Odier Asset Management Switzerland SA’s holdings in Republic Services were worth $4,976,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Ignite Planners LLC grew its stake in shares of Republic Services by 2.8% in the 2nd quarter. Ignite Planners LLC now owns 1,562 shares of the business services provider’s stock valued at $376,000 after buying an additional 43 shares in the last quarter. L2 Asset Management LLC grew its position in Republic Services by 5.0% in the second quarter. L2 Asset Management LLC now owns 908 shares of the business services provider’s stock worth $224,000 after acquiring an additional 43 shares in the last quarter. Gries Financial LLC increased its stake in shares of Republic Services by 3.8% during the 2nd quarter. Gries Financial LLC now owns 1,249 shares of the business services provider’s stock worth $308,000 after purchasing an additional 46 shares during the last quarter. TD Private Client Wealth LLC lifted its stake in shares of Republic Services by 17.8% in the 2nd quarter. TD Private Client Wealth LLC now owns 305 shares of the business services provider’s stock valued at $75,000 after purchasing an additional 46 shares during the last quarter. Finally, Empirical Finance LLC boosted its holdings in Republic Services by 0.7% in the second quarter. Empirical Finance LLC now owns 7,232 shares of the business services provider’s stock worth $1,783,000 after purchasing an additional 47 shares in the last quarter. 57.73% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have weighed in on RSG shares. Raymond James Financial reaffirmed an “outperform” rating and issued a $240.00 price target on shares of Republic Services in a research report on Friday, October 31st. Sanford C. Bernstein assumed coverage on Republic Services in a research report on Wednesday, November 12th. They set a “market perform” rating and a $205.00 target price for the company. Wells Fargo & Company initiated coverage on shares of Republic Services in a research report on Thursday, November 13th. They issued an “overweight” rating and a $238.00 price target on the stock. Oppenheimer set a $256.00 price objective on shares of Republic Services in a report on Friday, October 31st. Finally, Stifel Nicolaus lowered their target price on shares of Republic Services from $257.00 to $251.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $250.45.

Republic Services Stock Down 2.4%

Shares of RSG opened at $211.37 on Tuesday. Republic Services, Inc. has a 52 week low of $199.43 and a 52 week high of $258.75. The firm has a market capitalization of $65.43 billion, a P/E ratio of 31.45, a P/E/G ratio of 3.47 and a beta of 0.54. The company has a 50-day simple moving average of $216.30 and a 200-day simple moving average of $231.32. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.58 and a current ratio of 0.58.

Republic Services (NYSE:RSG) last posted its quarterly earnings results on Friday, October 31st. The business services provider reported $1.90 EPS for the quarter, beating the consensus estimate of $1.78 by $0.12. Republic Services had a return on equity of 18.24% and a net margin of 12.77%.The firm had revenue of $4.21 billion during the quarter, compared to analysts’ expectations of $4.25 billion. During the same quarter in the prior year, the firm posted $1.81 EPS. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. On average, equities research analysts expect that Republic Services, Inc. will post 6.86 earnings per share for the current year.

Republic Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Friday, January 2nd will be issued a $0.625 dividend. This represents a $2.50 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, January 2nd. Republic Services’s payout ratio is 37.20%.

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.