Republic Services, Inc. (NYSE:RSG) Shares Sold by Fifth Third Bancorp

Fifth Third Bancorp trimmed its position in shares of Republic Services, Inc. (NYSE:RSG) by 11.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 33,205 shares of the business services provider’s stock after selling 4,167 shares during the quarter. Fifth Third Bancorp’s holdings in Republic Services were worth $6,680,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Exchange Traded Concepts LLC increased its holdings in Republic Services by 255.2% during the 4th quarter. Exchange Traded Concepts LLC now owns 16,953 shares of the business services provider’s stock valued at $3,411,000 after acquiring an additional 12,180 shares in the last quarter. McGlone Suttner Wealth Management Inc. grew its position in shares of Republic Services by 2.2% in the fourth quarter. McGlone Suttner Wealth Management Inc. now owns 2,213 shares of the business services provider’s stock valued at $445,000 after purchasing an additional 48 shares during the last quarter. Brighton Jones LLC raised its position in shares of Republic Services by 75.8% during the 4th quarter. Brighton Jones LLC now owns 19,822 shares of the business services provider’s stock worth $3,988,000 after purchasing an additional 8,547 shares during the last quarter. Avior Wealth Management LLC lifted its stake in Republic Services by 4.3% in the 4th quarter. Avior Wealth Management LLC now owns 10,503 shares of the business services provider’s stock valued at $2,113,000 after buying an additional 430 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its position in Republic Services by 18.2% during the fourth quarter. Janney Montgomery Scott LLC now owns 65,723 shares of the business services provider’s stock worth $13,222,000 after buying an additional 10,142 shares in the last quarter. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Royal Bank of Canada raised Republic Services from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $219.00 to $237.00 in a research note on Monday, January 6th. BMO Capital Markets upgraded shares of Republic Services from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $211.00 to $238.00 in a report on Friday, December 6th. CIBC raised their target price on shares of Republic Services from $217.00 to $227.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 4th. Oppenheimer boosted their price target on Republic Services from $219.00 to $220.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Finally, Deutsche Bank Aktiengesellschaft raised Republic Services from a “hold” rating to a “buy” rating and lifted their price objective for the company from $219.00 to $237.00 in a research report on Tuesday, December 10th. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $222.24.

Republic Services Stock Down 0.2 %

NYSE RSG opened at $211.74 on Monday. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.07. Republic Services, Inc. has a fifty-two week low of $168.58 and a fifty-two week high of $220.58. The business has a 50 day moving average price of $209.45 and a two-hundred day moving average price of $205.16. The stock has a market cap of $66.31 billion, a PE ratio of 33.88, a P/E/G ratio of 3.07 and a beta of 0.73.

Republic Services (NYSE:RSG) last released its quarterly earnings results on Tuesday, October 29th. The business services provider reported $1.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.20. The firm had revenue of $4.08 billion for the quarter, compared to the consensus estimate of $4.12 billion. Republic Services had a net margin of 12.46% and a return on equity of 18.18%. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.54 EPS. As a group, sell-side analysts predict that Republic Services, Inc. will post 6.25 EPS for the current fiscal year.

Insider Buying and Selling at Republic Services

In related news, Director Katharine Weymouth sold 1,859 shares of Republic Services stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $215.27, for a total value of $400,186.93. Following the completion of the sale, the director now owns 879 shares in the company, valued at approximately $189,222.33. The trade was a 67.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Brian M. Delghiaccio sold 5,071 shares of the stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $210.02, for a total transaction of $1,065,011.42. Following the transaction, the chief financial officer now owns 6,318 shares in the company, valued at $1,326,906.36. This trade represents a 44.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.09% of the stock is owned by insiders.

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.