Savant Capital LLC Cuts Stock Holdings in Republic Services, Inc. $RSG

Savant Capital LLC cut its holdings in Republic Services, Inc. (NYSE:RSG) by 7.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,194 shares of the business services provider’s stock after selling 2,458 shares during the period. Savant Capital LLC’s holdings in Republic Services were worth $7,388,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in RSG. Vanguard Group Inc. grew its stake in shares of Republic Services by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 19,057,995 shares of the business services provider’s stock worth $4,699,892,000 after acquiring an additional 296,719 shares during the period. Geode Capital Management LLC grew its position in shares of Republic Services by 3.1% during the 2nd quarter. Geode Capital Management LLC now owns 4,821,387 shares of the business services provider’s stock valued at $1,187,328,000 after purchasing an additional 144,003 shares in the last quarter. Norges Bank purchased a new position in Republic Services during the second quarter worth about $690,313,000. Franklin Resources Inc. raised its holdings in shares of Republic Services by 10.1% in the 2nd quarter. Franklin Resources Inc. now owns 2,379,682 shares of the business services provider’s stock valued at $586,854,000 after acquiring an additional 218,114 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Republic Services by 21.3% during the second quarter. Invesco Ltd. now owns 2,325,302 shares of the business services provider’s stock worth $573,443,000 after purchasing an additional 408,885 shares in the last quarter. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Insider Buying and Selling

In other Republic Services news, Director Katharine Weymouth purchased 478 shares of the firm’s stock in a transaction dated Tuesday, December 9th. The stock was purchased at an average price of $209.46 per share, for a total transaction of $100,121.88. Following the completion of the purchase, the director directly owned 5,740 shares of the company’s stock, valued at $1,202,300.40. This trade represents 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 the SEC website. Corporate insiders own 0.11% of the company’s stock.

Republic Services Trading Up 0.2%

Republic Services stock opened at $218.66 on Friday. The business’s fifty day simple moving average is $213.44 and its two-hundred day simple moving average is $221.31. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.04. The company has a market capitalization of $67.69 billion, a price-to-earnings ratio of 32.54, a price-to-earnings-growth ratio of 3.56 and a beta of 0.54. Republic Services, Inc. has a 12 month low of $201.42 and a 12 month high of $258.75.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Oppenheimer dropped their price objective on shares of Republic Services from $256.00 to $255.00 and set an “outperform” rating for the company in a report on Friday, January 23rd. Jefferies Financial Group set a $248.00 price objective on shares of Republic Services and gave the company a “buy” rating in a research note on Monday, November 3rd. Barclays reduced their price objective on Republic Services from $237.00 to $236.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 20th. The Goldman Sachs Group started coverage on Republic Services in a research report on Monday, November 24th. They issued a “buy” rating and a $255.00 price objective for the company. Finally, Stifel Nicolaus dropped their price objective on Republic Services from $257.00 to $251.00 and set a “buy” rating for the company in a report on Friday, October 31st. 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. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $248.82.

Republic Services Profile

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.