Bank Julius Baer & Co. Ltd Zurich Has $91.83 Million Stock Position in Republic Services, Inc. $RSG

Bank Julius Baer & Co. Ltd Zurich lowered its stake in shares of Republic Services, Inc. (NYSE:RSG) by 13.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 372,363 shares of the business services provider’s stock after selling 55,959 shares during the quarter. Republic Services comprises approximately 1.5% of Bank Julius Baer & Co. Ltd Zurich’s holdings, making the stock its 20th largest holding. Bank Julius Baer & Co. Ltd Zurich owned 0.12% of Republic Services worth $91,828,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in RSG. BNP Paribas Financial Markets increased its holdings in Republic Services by 10.0% in the 1st quarter. BNP Paribas Financial Markets now owns 479,222 shares of the business services provider’s stock valued at $116,048,000 after buying an additional 43,387 shares during the period. Zurich Insurance Group Ltd FI bought a new position in shares of Republic Services during the 1st quarter worth about $22,078,000. Ascent Group LLC increased its stake in Republic Services by 6.3% in the second quarter. Ascent Group LLC now owns 19,063 shares of the business services provider’s stock valued at $4,701,000 after acquiring an additional 1,130 shares during the period. Advyzon Investment Management LLC acquired a new position in Republic Services in the first quarter worth about $272,000. Finally, USA Financial Formulas lifted its stake in Republic Services by 107.6% during the second quarter. USA Financial Formulas now owns 4,885 shares of the business services provider’s stock worth $1,205,000 after purchasing an additional 2,532 shares during the period. 57.73% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on RSG. Citigroup lowered their price objective on Republic Services from $280.00 to $270.00 and set a “buy” rating on the stock in a research note on Wednesday, September 17th. JPMorgan Chase & Co. lowered their price target on Republic Services from $260.00 to $233.00 and set a “neutral” rating on the stock in a research report on Friday, October 31st. UBS Group cut their price objective on Republic Services from $260.00 to $240.00 and set a “neutral” rating for the company in a report on Thursday, October 16th. Robert W. Baird set a $240.00 target price on shares of Republic Services in a research note on Friday, October 31st. Finally, Scotiabank dropped their target price on shares of Republic Services from $250.00 to $246.00 and set a “sector perform” rating for the company in a research report on Friday, October 31st. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $250.91.

Republic Services Stock Performance

Republic Services stock opened at $218.57 on Friday. The stock has a 50-day simple moving average of $219.07 and a 200 day simple moving average of $234.21. The stock has a market capitalization of $67.66 billion, a price-to-earnings ratio of 32.33, a P/E/G ratio of 3.40 and a beta of 0.57. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.04. Republic Services, Inc. has a 12-month low of $199.43 and a 12-month high of $258.75.

Republic Services (NYSE:RSG) last posted its quarterly earnings data on Friday, October 31st. The business services provider reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.78 by $0.12. Republic Services had a net margin of 12.97% and a return on equity of 18.27%. 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 EPS. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. On average, research analysts anticipate that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.

Republic Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Friday, January 2nd will be given a $0.625 dividend. This represents a $2.50 annualized dividend and a yield of 1.1%. The ex-dividend date is Friday, January 2nd. Republic Services’s payout ratio is 37.20%.

Republic Services 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.