Bank Julius Baer & Co. Ltd Zurich Has $95.88 Million Stock Holdings in Republic Services, Inc. (NYSE:RSG)

Bank Julius Baer & Co. Ltd Zurich raised its position in shares of Republic Services, Inc. (NYSE:RSG) by 3.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 443,965 shares of the business services provider’s stock after purchasing an additional 14,360 shares during the period. Bank Julius Baer & Co. Ltd Zurich owned approximately 0.14% of Republic Services worth $95,884,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FSA Wealth Management LLC acquired a new position in shares of Republic Services during the 3rd quarter worth $25,000. Arcadia Investment Management Corp MI grew its position in Republic Services by 200.0% in the fourth quarter. Arcadia Investment Management Corp MI now owns 132 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 88 shares during the last quarter. R Squared Ltd bought a new position in shares of Republic Services in the fourth quarter worth about $32,000. Truvestments Capital LLC acquired a new stake in shares of Republic Services in the 3rd quarter valued at approximately $34,000. Finally, Ashton Thomas Securities LLC bought a new stake in shares of Republic Services during the 3rd quarter valued at approximately $39,000. 57.73% of the stock is currently owned by institutional investors.

Republic Services Price Performance

Shares of NYSE RSG opened at $234.28 on Friday. The company has a quick ratio of 0.64, a current ratio of 0.58 and a debt-to-equity ratio of 1.04. The company has a market capitalization of $73.16 billion, a PE ratio of 36.10, a P/E/G ratio of 3.64 and a beta of 0.73. The firm has a fifty day simple moving average of $218.91 and a 200 day simple moving average of $210.80. Republic Services, Inc. has a twelve month low of $180.91 and a twelve month high of $240.95.

Republic Services (NYSE:RSG) last posted its quarterly earnings results on Thursday, February 13th. The business services provider reported $1.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.21. The firm had revenue of $4.05 billion for the quarter, compared to analysts’ expectations of $4.08 billion. Republic Services had a return on equity of 18.28% and a net margin of 12.74%. During the same period in the prior year, the business earned $1.41 EPS. On average, sell-side analysts forecast that Republic Services, Inc. will post 6.86 EPS for the current year.

Republic Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Wednesday, April 2nd will be given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date of this dividend is Wednesday, April 2nd. Republic Services’s payout ratio is 35.75%.

Analyst Ratings Changes

A number of analysts have weighed in on RSG shares. Deutsche Bank Aktiengesellschaft upgraded shares of Republic Services from a “hold” rating to a “buy” rating and raised their target price for the company from $219.00 to $237.00 in a research report on Tuesday, December 10th. Royal Bank of Canada raised Republic Services from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from $219.00 to $237.00 in a report on Monday, January 6th. BMO Capital Markets raised Republic Services from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $211.00 to $238.00 in a report on Friday, December 6th. Stifel Nicolaus lifted their price target on Republic Services from $240.00 to $257.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Finally, UBS Group upped their price objective on Republic Services from $212.00 to $240.00 and gave the company a “neutral” rating in a research note on Wednesday, February 19th. Five research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $236.88.

Insider Buying and Selling

In other Republic Services news, COO Gregg Brummer sold 6,293 shares of the company’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $228.20, for a total transaction of $1,436,062.60. Following the transaction, the chief operating officer now owns 10,416 shares in the company, valued at approximately $2,376,931.20. This represents a 37.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.09% of the stock is owned by company insiders.

Republic Services Company 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.