Republic Services, Inc. $RSG Shares Sold by Strs Ohio

Strs Ohio cut its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 24.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 47,754 shares of the business services provider’s stock after selling 15,580 shares during the period. Strs Ohio’s holdings in Republic Services were worth $10,959,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its stake in 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 valued at $4,699,892,000 after purchasing an additional 296,719 shares in the last quarter. Geode Capital Management LLC grew its position in shares of 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. Norges Bank bought a new stake in shares of Republic Services in the second quarter worth $690,313,000. Franklin Resources Inc. raised its holdings in Republic Services by 10.1% in the second 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. boosted its stake in Republic Services by 21.3% during the 2nd quarter. Invesco Ltd. now owns 2,325,302 shares of the business services provider’s stock valued at $573,443,000 after acquiring an additional 408,885 shares during the last quarter. Institutional investors and hedge funds own 57.73% of the company’s stock.

Republic Services Stock Up 0.9%

Shares of Republic Services stock opened at $217.75 on Monday. Republic Services, Inc. has a twelve month low of $201.42 and a twelve month high of $258.75. The stock has a market capitalization of $67.41 billion, a price-to-earnings ratio of 32.40, a PEG ratio of 3.56 and a beta of 0.55. 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 business’s 50 day simple moving average is $213.36 and its 200-day simple moving average is $222.59.

Republic Services (NYSE:RSG) last issued its quarterly earnings data on Friday, October 31st. The business services provider reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.78 by $0.12. The firm had revenue of $4.21 billion during the quarter, compared to the consensus estimate of $4.25 billion. Republic Services had a return on equity of 18.24% and a net margin of 12.77%.The firm’s revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.81 EPS. Equities research analysts forecast that Republic Services, Inc. will post 6.86 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on RSG shares. Robert W. Baird set a $240.00 target price on shares of Republic Services in a research report on Friday, October 31st. Stifel Nicolaus cut their price objective on Republic Services from $257.00 to $251.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. National Bankshares reduced their target price on Republic Services from $270.00 to $241.00 and set a “sector perform” rating on the stock in a report on Tuesday, October 7th. UBS Group set a $220.00 price target on Republic Services in a report on Monday, January 5th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Republic Services in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $248.82.

Insiders Place Their Bets

In other news, Director Katharine Weymouth bought 478 shares of Republic Services stock in a transaction on Tuesday, December 9th. The stock was purchased at an average cost of $209.46 per share, with a total value of $100,121.88. Following the purchase, the director directly owned 5,740 shares of the company’s stock, valued at approximately $1,202,300.40. This trade represents a 9.08% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.11% of the stock is currently owned by corporate insiders.

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.