Trium Capital LLP Increases Stake in Republic Services, Inc. $RSG

Trium Capital LLP grew its holdings in Republic Services, Inc. (NYSE:RSG) by 92.0% in the 3rd quarter, HoldingsChannel reports. The firm owned 7,824 shares of the business services provider’s stock after buying an additional 3,748 shares during the quarter. Republic Services comprises approximately 0.7% of Trium Capital LLP’s holdings, making the stock its 19th largest holding. Trium Capital LLP’s holdings in Republic Services were worth $1,795,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of Republic Services by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 19,057,995 shares of the business services provider’s stock valued at $4,699,892,000 after buying an additional 296,719 shares in the last quarter. Geode Capital Management LLC lifted its position in Republic Services by 3.1% during the second quarter. Geode Capital Management LLC now owns 4,821,387 shares of the business services provider’s stock valued at $1,187,328,000 after acquiring an additional 144,003 shares during the last quarter. Norges Bank acquired a new stake in Republic Services in the second quarter valued at approximately $690,313,000. Franklin Resources Inc. grew its holdings in Republic Services by 10.1% in the second quarter. Franklin Resources Inc. now owns 2,379,682 shares of the business services provider’s stock worth $586,854,000 after purchasing an additional 218,114 shares during the last quarter. Finally, Invesco Ltd. increased its position in shares of Republic Services by 21.3% during the second quarter. Invesco Ltd. now owns 2,325,302 shares of the business services provider’s stock worth $573,443,000 after purchasing an additional 408,885 shares in the last quarter. 57.73% of the stock is currently owned by hedge funds and other institutional investors.

Republic Services Stock Up 0.1%

RSG stock opened at $213.20 on Friday. The company has a market capitalization of $66.00 billion, a P/E ratio of 31.73, a price-to-earnings-growth ratio of 3.67 and a beta of 0.54. Republic Services, Inc. has a 12 month low of $199.43 and a 12 month high of $258.75. The firm’s fifty day simple moving average is $213.44 and its 200-day simple moving average is $227.85. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.58 and a quick ratio of 0.58.

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

Republic Services Announces Dividend

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

Analyst Ratings Changes

A number of brokerages have recently weighed in on RSG. Scotiabank dropped their price target on Republic Services from $250.00 to $246.00 and set a “sector perform” rating on the stock in a research note on Friday, October 31st. Robert W. Baird set a $240.00 target price on shares of Republic Services in a research report on Friday, October 31st. The Goldman Sachs Group started coverage on shares of Republic Services in a report on Monday, November 24th. They issued a “buy” rating and a $255.00 price target for the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of Republic Services in a research note on Monday. Finally, Sanford C. Bernstein began coverage on Republic Services in a research report on Wednesday, November 12th. They issued a “market perform” rating and a $205.00 target price on the stock. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $250.64.

Insider Activity at Republic Services

In related news, Director Katharine Weymouth bought 478 shares of the company’s stock in a transaction that occurred on Tuesday, December 9th. The shares were purchased at an average cost of $209.46 per share, with a total value of $100,121.88. Following the completion of the acquisition, the director directly owned 5,740 shares in the company, valued at approximately $1,202,300.40. The trade was a 9.08% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.11% of the stock is owned by insiders.

Republic Services Profile

Republic Services, Inc is a leading provider of non-hazardous solid waste and recycling services in the United States. The company offers a broad range of waste management solutions to residential, commercial, industrial and municipal customers, positioning itself as a full-service partner for everyday waste collection as well as specialized disposal needs.

Republic’s core operations include curbside and commercial collection, transfer and hauling, materials recovery and recycling facilities, and landfill disposal.