IFM Investors Pty Ltd Trims Position in Republic Services, Inc. (NYSE:RSG)

IFM Investors Pty Ltd reduced its holdings in Republic Services, Inc. (NYSE:RSG) by 19.6% during the 3rd quarter, Holdings Channel reports. The fund owned 41,117 shares of the business services provider’s stock after selling 10,013 shares during the period. IFM Investors Pty Ltd’s holdings in Republic Services were worth $8,258,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in RSG. Hennion & Walsh Asset Management Inc. raised its stake in shares of Republic Services by 1.9% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 10,795 shares of the business services provider’s stock valued at $2,168,000 after buying an additional 204 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in Republic Services by 83,671.9% in the third quarter. International Assets Investment Management LLC now owns 538,653 shares of the business services provider’s stock valued at $108,183,000 after acquiring an additional 538,010 shares during the period. Axecap Investments LLC acquired a new stake in shares of Republic Services during the 3rd quarter worth approximately $2,869,000. Commerzbank Aktiengesellschaft FI lifted its stake in shares of Republic Services by 17.7% in the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 2,190 shares of the business services provider’s stock valued at $440,000 after purchasing an additional 330 shares during the period. Finally, Segment Wealth Management LLC grew its position in Republic Services by 99.7% during the third quarter. Segment Wealth Management LLC now owns 5,147 shares of the business services provider’s stock valued at $1,034,000 after buying an additional 2,570 shares during the period. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Stifel Nicolaus raised their target price on Republic Services from $215.00 to $230.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Truist Financial upgraded Republic Services from a “hold” rating to a “buy” rating and boosted their price objective for the company from $192.00 to $220.00 in a research report on Thursday, July 11th. Raymond James dropped their price target on shares of Republic Services from $219.00 to $214.00 and set an “outperform” rating on the stock in a research note on Thursday, July 25th. TD Cowen upped their price objective on shares of Republic Services from $195.00 to $200.00 and gave the stock a “hold” rating in a research report on Monday, August 5th. Finally, CIBC boosted their target price on shares of Republic Services from $196.00 to $208.00 and gave the stock a “neutral” rating in a research note on Thursday, July 25th. Nine research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $212.18.

Republic Services Stock Down 0.8 %

NYSE RSG opened at $199.83 on Friday. Republic Services, Inc. has a 52 week low of $145.32 and a 52 week high of $208.69. The business’s fifty day simple moving average is $204.09 and its 200-day simple moving average is $196.27. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.05. The firm has a market cap of $62.76 billion, a PE ratio of 33.47, a P/E/G ratio of 3.27 and a beta of 0.69.

Republic Services (NYSE:RSG) last posted its quarterly earnings results on Wednesday, July 24th. The business services provider reported $1.61 earnings per share for the quarter, beating analysts’ consensus estimates of $1.53 by $0.08. Republic Services had a return on equity of 17.81% and a net margin of 12.11%. The company had revenue of $4.05 billion for the quarter, compared to analysts’ expectations of $4.03 billion. As a group, equities analysts anticipate that Republic Services, Inc. will post 6.18 earnings per share for the current year.

Insider Activity at Republic Services

In other news, Director Tomago Collins sold 3,200 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $203.01, for a total transaction of $649,632.00. Following the completion of the sale, the director now owns 17,486 shares in the company, valued at approximately $3,549,832.86. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.09% of the stock is currently owned by corporate 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.