Epoch Investment Partners Inc. Has $17.50 Million Holdings in Republic Services, Inc. $RSG

Epoch Investment Partners Inc. grew its stake in Republic Services, Inc. (NYSE:RSG) by 6.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 70,947 shares of the business services provider’s stock after purchasing an additional 4,496 shares during the period. Epoch Investment Partners Inc.’s holdings in Republic Services were worth $17,496,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in Republic Services by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 19,057,995 shares of the business services provider’s stock valued at $4,699,892,000 after acquiring an additional 296,719 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Republic Services by 0.7% during the first quarter. Wellington Management Group LLP now owns 5,939,202 shares of the business services provider’s stock valued at $1,438,237,000 after purchasing an additional 42,019 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of Republic Services by 0.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 5,335,515 shares of the business services provider’s stock valued at $1,292,050,000 after purchasing an additional 17,711 shares in the last quarter. Geode Capital Management LLC boosted its stake in Republic Services by 3.1% during the second quarter. Geode Capital Management LLC now owns 4,821,387 shares of the business services provider’s stock worth $1,187,328,000 after buying an additional 144,003 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Republic Services by 4.3% in the 1st quarter. JPMorgan Chase & Co. now owns 2,872,235 shares of the business services provider’s stock valued at $695,541,000 after buying an additional 119,158 shares during the period. Institutional investors own 57.73% of the company’s stock.

Republic Services Stock Performance

Shares of RSG stock opened at $216.49 on Friday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.58 and a current ratio of 0.58. Republic Services, Inc. has a 52 week low of $199.43 and a 52 week high of $258.75. The company’s 50 day moving average price is $216.65 and its two-hundred day moving average price is $231.88. The company has a market capitalization of $67.02 billion, a P/E ratio of 32.22, a price-to-earnings-growth ratio of 3.44 and a beta of 0.54.

Republic Services (NYSE:RSG) last released its quarterly earnings results on Friday, October 31st. The business services provider reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.78 by $0.12. Republic Services had a return on equity of 18.24% and a net margin of 12.77%.The firm had revenue of $4.21 billion for the quarter, compared to the consensus estimate of $4.25 billion. During the same quarter last year, the business posted $1.81 EPS. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. On average, analysts expect that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.

Republic Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Friday, January 2nd will be issued a $0.625 dividend. This represents a $2.50 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, January 2nd. Republic Services’s dividend payout ratio is presently 37.20%.

Analyst Ratings Changes

Several research firms recently issued reports on RSG. Citigroup dropped their price target on shares of Republic Services from $280.00 to $270.00 and set a “buy” rating for the company in a research report on Wednesday, September 17th. Sanford C. Bernstein initiated coverage on Republic Services in a report on Wednesday, November 12th. They issued a “market perform” rating and a $205.00 target price on the stock. Raymond James Financial reissued an “outperform” rating and set a $240.00 price objective on shares of Republic Services in a report on Friday, October 31st. JPMorgan Chase & Co. decreased their price objective 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. Finally, Oppenheimer set a $256.00 price objective on Republic Services in a report on Friday, October 31st. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $250.45.

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.