Traders Buy Republic Services (RSG) on Weakness
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.
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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