Investors bought shares of Republic Services, Inc. (NYSE:RSG) on weakness during trading on Tuesday. $49.70 million flowed into the stock on the tick-up and $32.37 million flowed out of the stock on the tick-down, for a money net flow of $17.33 million into the stock. Of all companies tracked, Republic Services had the 32nd highest net in-flow for the day. Republic Services traded down ($0.38) for the day and closed at $64.56

Several research analysts have recently weighed in on the stock. BMO Capital Markets reiterated a “buy” rating and set a $72.00 price target on shares of Republic Services in a research note on Friday, October 13th. Zacks Investment Research upgraded shares of Republic Services from a “sell” rating to a “hold” rating in a research report on Friday, October 20th. Credit Suisse Group decreased their price objective on shares of Republic Services from $69.00 to $67.00 and set a “neutral” rating on the stock in a research report on Monday, November 6th. Stifel Nicolaus upgraded shares of Republic Services from a “hold” rating to a “buy” rating and raised their price objective for the company from $70.00 to $73.00 in a research report on Thursday, January 4th. Finally, Bank of America raised their price objective on shares of Republic Services from $70.00 to $73.00 and gave the company a “buy” rating in a research report on Monday. One research analyst has rated the stock with a sell rating, five have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and an average price target of $69.00.

The company has a debt-to-equity ratio of 0.93, a current ratio of 0.54 and a quick ratio of 0.51. The company has a market capitalization of $21,577.53, a price-to-earnings ratio of 27.37, a price-to-earnings-growth ratio of 2.23 and a beta of 0.53.

Republic Services announced that its board has authorized a share repurchase program on Thursday, November 2nd that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the business services provider to repurchase shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.

In related news, CEO Donald W. Slager sold 98,132 shares of Republic Services stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $64.19, for a total transaction of $6,299,093.08. Following the completion of the transaction, the chief executive officer now directly owns 322,541 shares of the company’s stock, valued at approximately $20,703,906.79. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Brian A. Goebel sold 1,220 shares of Republic Services stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $68.06, for a total transaction of $83,033.20. Following the transaction, the chief accounting officer now directly owns 7,406 shares of the company’s stock, valued at $504,052.36. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 137,063 shares of company stock worth $8,816,258. Insiders own 0.40% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the stock. Sei Investments Co. boosted its stake in shares of Republic Services by 9.2% during the 4th quarter. Sei Investments Co. now owns 517,564 shares of the business services provider’s stock worth $34,993,000 after purchasing an additional 43,471 shares during the period. Ffcm LLC boosted its stake in shares of Republic Services by 20.2% during the 4th quarter. Ffcm LLC now owns 8,934 shares of the business services provider’s stock worth $603,000 after purchasing an additional 1,502 shares during the period. Candriam Luxembourg S.C.A. boosted its stake in shares of Republic Services by 2.3% during the 4th quarter. Candriam Luxembourg S.C.A. now owns 37,689 shares of the business services provider’s stock worth $2,548,000 after purchasing an additional 852 shares during the period. Wealthstreet Investment Advisors LLC purchased a new position in shares of Republic Services during the 4th quarter worth about $264,000. Finally, KBC Group NV boosted its stake in shares of Republic Services by 2.1% during the 4th quarter. KBC Group NV now owns 127,635 shares of the business services provider’s stock worth $8,630,000 after purchasing an additional 2,682 shares during the period. 59.57% of the stock is owned by hedge funds and other institutional investors.

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Republic Services Company Profile

Republic Services, Inc is a provider of non-hazardous solid waste collection, transfer, disposal, recycling and energy services. The Company’s segments include Group 1, Group 2 and Corporate entities. Its Group 1 and Group 2 segments provide integrated waste management services. Group 1 consists of geographic areas located in the western and portions of the mid-western United States.

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