Lombard Odier Asset Management Europe Ltd Has $14.19 Million Stock Holdings in Republic Services, Inc. $RSG

Lombard Odier Asset Management Europe Ltd lessened its stake in shares of Republic Services, Inc. (NYSE:RSG) by 29.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 66,947 shares of the business services provider’s stock after selling 27,613 shares during the period. Lombard Odier Asset Management Europe Ltd’s holdings in Republic Services were worth $14,188,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Lombard Odier Asset Management Switzerland SA boosted its position in shares of Republic Services by 44.6% in the fourth quarter. Lombard Odier Asset Management Switzerland SA now owns 37,653 shares of the business services provider’s stock valued at $7,980,000 after acquiring an additional 11,606 shares during the period. London Co. of Virginia boosted its position in shares of Republic Services by 19.1% in the fourth quarter. London Co. of Virginia now owns 383,498 shares of the business services provider’s stock valued at $81,275,000 after acquiring an additional 61,389 shares during the period. Punch & Associates Investment Management Inc. boosted its position in shares of Republic Services by 0.7% in the fourth quarter. Punch & Associates Investment Management Inc. now owns 41,987 shares of the business services provider’s stock valued at $8,898,000 after acquiring an additional 301 shares during the period. Captrust Financial Advisors boosted its position in shares of Republic Services by 318.2% in the fourth quarter. Captrust Financial Advisors now owns 93,298 shares of the business services provider’s stock valued at $19,773,000 after acquiring an additional 70,987 shares during the period. Finally, &PARTNERS boosted its position in shares of Republic Services by 7.6% in the fourth quarter. &PARTNERS now owns 18,626 shares of the business services provider’s stock valued at $3,945,000 after acquiring an additional 1,319 shares during the period. Institutional investors and hedge funds own 57.73% of the company’s stock.

Analyst Ratings Changes

RSG has been the subject of several research reports. Morgan Stanley reduced their price objective on Republic Services from $230.00 to $225.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 18th. Barclays raised their target price on Republic Services from $227.00 to $233.00 and gave the stock an “equal weight” rating in a research report on Monday, May 11th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating and issued a $249.00 target price on shares of Republic Services in a research report on Friday, May 8th. Royal Bank Of Canada raised their target price on Republic Services from $265.00 to $267.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. Finally, Wolfe Research began coverage on Republic Services in a research report on Friday, March 13th. They issued a “peer perform” rating for the company. Eleven equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $243.26.

Insider Transactions at Republic Services

In other news, major shareholder Cascade Investment, L.L.C. acquired 60,700 shares of the stock in a transaction that occurred on Monday, May 18th. The stock was purchased at an average cost of $213.31 per share, for a total transaction of $12,947,917.00. Following the completion of the transaction, the insider directly owned 110,803,982 shares in the company, valued at $23,635,597,400.42. This trade represents a 0.05% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Sandra M. Volpe sold 1,800 shares of Republic Services stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $211.28, for a total value of $380,304.00. Following the completion of the sale, the director owned 58 shares of the company’s stock, valued at approximately $12,254.24. The trade was a 96.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders purchased 987,150 shares of company stock valued at $202,366,682. Corporate insiders own 0.12% of the company’s stock.

Republic Services Stock Performance

Shares of NYSE:RSG opened at $209.30 on Wednesday. Republic Services, Inc. has a twelve month low of $196.41 and a twelve month high of $251.17. The firm has a market cap of $64.39 billion, a PE ratio of 30.03, a price-to-earnings-growth ratio of 3.42 and a beta of 0.41. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.67 and a current ratio of 0.67. The business has a fifty day moving average of $208.25 and a 200-day moving average of $214.39.

Republic Services (NYSE:RSG) last announced its earnings results on Friday, May 8th. The business services provider reported $1.70 earnings per share for the quarter, beating analysts’ consensus estimates of $1.64 by $0.06. The company had revenue of $4.11 billion during the quarter, compared to analyst estimates of $4.10 billion. Republic Services had a return on equity of 18.57% and a net margin of 13.00%.The firm’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period last year, the company posted $1.58 earnings per share. On average, equities research analysts predict that Republic Services, Inc. will post 7.28 EPS for the current fiscal year.

Republic Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Thursday, July 2nd will be given a $0.625 dividend. This represents a $2.50 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Thursday, July 2nd. Republic Services’s dividend payout ratio (DPR) is presently 36.15%.

About Republic Services

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.