Lbp Am Sa Sells 30,416 Shares of Republic Services, Inc. $RSG

Lbp Am Sa reduced its position in shares of Republic Services, Inc. (NYSE:RSG) by 46.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 35,288 shares of the business services provider’s stock after selling 30,416 shares during the period. Lbp Am Sa’s holdings in Republic Services were worth $8,098,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the company. Bowen Hanes & Co. Inc. grew its stake in Republic Services by 7.3% in the 2nd quarter. Bowen Hanes & Co. Inc. now owns 254,540 shares of the business services provider’s stock valued at $62,772,000 after buying an additional 17,280 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its position in shares of Republic Services by 32.9% during the third quarter. Oregon Public Employees Retirement Fund now owns 23,211 shares of the business services provider’s stock worth $5,326,000 after acquiring an additional 5,740 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Republic Services by 60.0% in the third quarter. Farther Finance Advisors LLC now owns 12,665 shares of the business services provider’s stock worth $2,906,000 after acquiring an additional 4,750 shares during the period. Valley National Advisers Inc. grew its position in shares of Republic Services by 148,250.0% in the third quarter. Valley National Advisers Inc. now owns 8,901 shares of the business services provider’s stock valued at $2,042,000 after purchasing an additional 8,895 shares in the last quarter. Finally, Carnegie Investment Counsel raised its stake in shares of Republic Services by 12.2% during the 3rd quarter. Carnegie Investment Counsel now owns 66,142 shares of the business services provider’s stock valued at $15,178,000 after purchasing an additional 7,174 shares during the period. Institutional investors own 57.73% of the company’s stock.

Republic Services Trading Up 0.6%

NYSE RSG opened at $219.02 on Tuesday. The firm has a market cap of $67.80 billion, a PE ratio of 32.59, a price-to-earnings-growth ratio of 3.56 and a beta of 0.55. Republic Services, Inc. has a 1-year low of $201.42 and a 1-year high of $258.75. The stock has a 50-day moving average of $213.54 and a 200-day moving average of $222.44. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.04.

Republic Services (NYSE:RSG) last posted its quarterly earnings results on Friday, October 31st. The business services provider reported $1.90 EPS for the quarter, beating analysts’ consensus estimates of $1.78 by $0.12. The company had revenue of $4.21 billion during the quarter, compared to analyst estimates of $4.25 billion. Republic Services had a net margin of 12.77% and a return on equity of 18.24%. The firm’s revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.81 EPS. As a group, sell-side analysts forecast that Republic Services, Inc. will post 6.86 EPS for the current year.

Wall Street Analyst Weigh In

RSG has been the topic of several research analyst reports. Citigroup decreased their price objective on shares of Republic Services from $268.00 to $244.00 and set a “buy” rating on the stock in a research report on Friday, January 16th. The Goldman Sachs Group assumed coverage on shares of Republic Services in a research report on Monday, November 24th. They set a “buy” rating and a $255.00 price objective on the stock. Raymond James Financial reaffirmed an “outperform” rating and set a $240.00 price objective on shares of Republic Services in a report on Friday, October 31st. Weiss Ratings restated a “buy (b-)” rating on shares of Republic Services in a research report on Monday, December 29th. Finally, UBS Group set a $220.00 price objective on Republic Services in a report on Monday, January 5th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $248.82.

Insider Activity at Republic Services

In other news, Director Katharine Weymouth bought 478 shares of Republic Services stock in a transaction on Tuesday, December 9th. The shares were purchased at an average price of $209.46 per share, for a total transaction of $100,121.88. Following the acquisition, the director owned 5,740 shares of the company’s stock, valued at approximately $1,202,300.40. The trade was a 9.08% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.11% of the company’s stock.

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.