Epoch Investment Partners Inc. Has $15.29 Million Holdings in Republic Services, Inc. $RSG

Epoch Investment Partners Inc. lifted its holdings in Republic Services, Inc. (NYSE:RSG) by 4.2% during the first quarter, HoldingsChannel.com reports. The firm owned 69,835 shares of the business services provider’s stock after purchasing an additional 2,788 shares during the period. Epoch Investment Partners Inc.’s holdings in Republic Services were worth $15,295,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. CBIZ Investment Advisory Services LLC increased its stake in Republic Services by 11.3% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 445 shares of the business services provider’s stock valued at $94,000 after buying an additional 45 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. lifted its position in Republic Services by 0.5% during the 4th quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 10,454 shares of the business services provider’s stock worth $2,216,000 after buying an additional 48 shares in the last quarter. Williams Jones Wealth Management LLC. boosted its stake in shares of Republic Services by 2.6% during the 4th quarter. Williams Jones Wealth Management LLC. now owns 1,925 shares of the business services provider’s stock worth $408,000 after buying an additional 49 shares during the last quarter. AlphaCentric Advisors LLC grew its holdings in shares of Republic Services by 5.9% in the 1st quarter. AlphaCentric Advisors LLC now owns 903 shares of the business services provider’s stock valued at $198,000 after acquiring an additional 50 shares in the last quarter. Finally, ICONIQ Capital LLC increased its position in shares of Republic Services by 3.3% in the second quarter. ICONIQ Capital LLC now owns 1,558 shares of the business services provider’s stock valued at $384,000 after acquiring an additional 50 shares during the last quarter. Institutional investors and hedge funds own 57.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on RSG. Weiss Ratings lowered Republic Services from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, April 29th. Royal Bank Of Canada boosted their price target on Republic Services from $265.00 to $267.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. Citigroup upped their price objective on Republic Services from $247.00 to $259.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. Argus downgraded Republic Services from a “buy” rating to a “hold” rating in a report on Monday, May 11th. Finally, UBS Group decreased their target price on shares of Republic Services from $240.00 to $223.00 and set a “neutral” rating for the company in a research note on Tuesday, May 12th. Eleven research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $243.89.

Republic Services Trading Down 0.3%

Shares of NYSE:RSG opened at $216.79 on Friday. Republic Services, Inc. has a 52-week low of $196.41 and a 52-week high of $246.25. 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 company has a market capitalization of $66.70 billion, a P/E ratio of 31.10, a price-to-earnings-growth ratio of 3.63 and a beta of 0.40. The company has a 50-day simple moving average of $212.24 and a 200 day simple moving average of $214.85.

Republic Services (NYSE:RSG) last announced its quarterly earnings results on Friday, May 8th. The business services provider reported $1.70 earnings per share for the quarter, topping analysts’ consensus estimates of $1.64 by $0.06. The firm had revenue of $4.11 billion for the quarter, compared to the consensus estimate of $4.10 billion. Republic Services had a return on equity of 18.57% and a net margin of 13.00%.The business’s revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.58 earnings per share. Sell-side analysts forecast that Republic Services, Inc. will post 7.29 earnings per share for the current year.

Republic Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Thursday, July 2nd were issued a dividend of $0.625 per share. The ex-dividend date of this dividend was Thursday, July 2nd. This represents a $2.50 dividend on an annualized basis and a dividend yield of 1.2%. Republic Services’s payout ratio is presently 35.87%.

Insiders Place Their Bets

In other Republic Services news, Director Sandra M. Volpe sold 1,800 shares of the firm’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $211.28, for a total transaction of $380,304.00. Following the completion of the sale, the director owned 58 shares of the company’s stock, valued at $12,254.24. This trade represents a 96.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Cascade Investment, L.L.C. acquired 60,700 shares of Republic Services stock in a transaction on Monday, May 18th. The shares were bought at an average cost of $213.31 per share, with a total value of $12,947,917.00. Following the completion of the transaction, the insider owned 110,803,982 shares of the company’s stock, valued at approximately $23,635,597,400.42. This trade represents a 0.05% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last 90 days, insiders purchased 987,150 shares of company stock worth $202,366,682. 0.12% of the stock is owned by company insiders.

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.