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

Union Bancaire Privee UBP SA acquired a new position in Republic Services, Inc. (NYSE:RSG) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 156,174 shares of the business services provider’s stock, valued at approximately $30,676,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Stifel Financial Corp boosted its stake in shares of Republic Services by 437.9% during the third quarter. Stifel Financial Corp now owns 1,814,613 shares of the business services provider’s stock valued at $364,449,000 after purchasing an additional 1,477,255 shares during the period. Wellington Management Group LLP boosted its stake in shares of Republic Services by 23.2% during the third 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 in the last quarter. International Assets Investment Management LLC increased its holdings 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 valued at $108,183,000 after buying an additional 538,010 shares during the period. Nordea Investment Management AB raised its stake in Republic Services by 19.4% in the fourth quarter. Nordea Investment Management AB now owns 3,129,322 shares of the business services provider’s stock worth $626,553,000 after buying an additional 509,116 shares in the last quarter. Finally, National Bank of Canada FI lifted its holdings in Republic Services by 544.7% during the third quarter. National Bank of Canada FI now owns 545,613 shares of the business services provider’s stock worth $109,580,000 after buying an additional 460,989 shares during the period. Institutional investors own 57.73% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on RSG shares. Deutsche Bank Aktiengesellschaft raised Republic Services from a “hold” rating to a “buy” rating and boosted their price target for the stock from $219.00 to $237.00 in a research report on Tuesday, December 10th. Truist Financial boosted their target price on shares of Republic Services from $220.00 to $244.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. William Blair began coverage on shares of Republic Services in a report on Thursday, October 3rd. They issued an “outperform” rating on the stock. Scotiabank began coverage on shares of Republic Services in a research report on Friday, October 4th. They set a “sector perform” rating and a $224.00 target price for the company. Finally, Jefferies Financial Group upped their price target on Republic Services from $235.00 to $244.00 and gave the stock a “buy” rating in a research report on Thursday. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Republic Services has a consensus rating of “Moderate Buy” and a consensus price target of $222.24.

Republic Services Stock Performance

Shares of NYSE RSG opened at $211.74 on Monday. Republic Services, Inc. has a 1 year low of $168.58 and a 1 year high of $220.58. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.64 and a current ratio of 0.64. The company’s fifty day moving average price is $209.45 and its 200 day moving average price is $205.16. The company has a market capitalization of $66.31 billion, a PE ratio of 33.88, a price-to-earnings-growth ratio of 3.07 and a beta of 0.73.

Republic Services (NYSE:RSG) last announced its 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. The firm had revenue of $4.08 billion for the quarter, compared to analyst estimates of $4.12 billion. Republic Services had a return on equity of 18.18% and a net margin of 12.46%. The business’s revenue was up 6.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.54 EPS. On average, research analysts predict that Republic Services, Inc. will post 6.25 earnings per share for the current year.

Insider Activity at Republic Services

In related news, Director Katharine Weymouth sold 1,859 shares of the stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $215.27, for a total value of $400,186.93. Following the completion of the transaction, the director now directly owns 879 shares in the company, valued at approximately $189,222.33. This represents a 67.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Brian M. Delghiaccio sold 5,071 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $210.02, for a total transaction of $1,065,011.42. Following the sale, the chief financial officer now directly owns 6,318 shares in the company, valued at approximately $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 currently owned by insiders.

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.