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

Lbp Am Sa cut its holdings in Republic Services, Inc. (NYSE:RSG) by 46.3% during the third quarter, HoldingsChannel.com reports. 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 reporting period.

Other large investors have also recently modified their holdings of the company. Financial Consulate Inc. bought a new position in Republic Services in the 3rd quarter worth about $25,000. NewSquare Capital LLC boosted its holdings in shares of Republic Services by 68.5% in the second quarter. NewSquare Capital LLC now owns 123 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 50 shares during the period. Foster Dykema Cabot & Partners LLC purchased a new position in Republic Services during the 2nd quarter worth $33,000. Hilltop National Bank bought a new stake in Republic Services during the 2nd quarter valued at $47,000. Finally, Tradewinds Capital Management LLC lifted its holdings in shares of Republic Services by 154.1% in the 2nd quarter. Tradewinds Capital Management LLC now owns 216 shares of the business services provider’s stock worth $53,000 after buying an additional 131 shares during the period. Institutional investors own 57.73% of the company’s stock.

Insiders Place Their Bets

In related news, Director Katharine Weymouth acquired 478 shares of Republic Services stock in a transaction on Tuesday, December 9th. The stock was acquired at an average price of $209.46 per share, for a total transaction of $100,121.88. Following the purchase, the director owned 5,740 shares of the company’s stock, valued at approximately $1,202,300.40. This represents a 9.08% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.11% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on RSG. Scotiabank decreased their price objective on Republic Services from $246.00 to $242.00 and set a “sector perform” rating for the company in a report on Wednesday, January 21st. Jefferies Financial Group set a $248.00 price target on shares of Republic Services and gave the stock a “buy” rating in a research report on Monday, November 3rd. JPMorgan Chase & Co. dropped their price objective on shares of Republic Services from $260.00 to $233.00 and set a “neutral” rating on the stock in a research note on Friday, October 31st. Barclays lowered their target price on Republic Services from $237.00 to $236.00 and set an “equal weight” rating for the company in a report on Tuesday, January 20th. Finally, Wells Fargo & Company started coverage on Republic Services in a research report on Thursday, November 13th. They issued an “overweight” rating and a $238.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $248.82.

Republic Services Price Performance

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

Republic Services (NYSE:RSG) last issued its 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. Republic Services had a return on equity of 18.24% and a net margin of 12.77%.The firm had revenue of $4.21 billion for the quarter, compared to analyst estimates of $4.25 billion. During the same quarter in the prior year, the firm earned $1.81 earnings per share. Republic Services’s revenue for the quarter was up 3.3% on a year-over-year basis. As a group, equities research analysts forecast that Republic Services, Inc. will post 6.86 earnings per share for the current year.

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.