Republic Services, Inc. $RSG Shares Sold by Impax Asset Management Group plc

Impax Asset Management Group plc reduced its holdings in Republic Services, Inc. (NYSE:RSG) by 4.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 647,983 shares of the business services provider’s stock after selling 28,409 shares during the quarter. Impax Asset Management Group plc’s holdings in Republic Services were worth $148,699,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Financial Consulate Inc. bought a new position in shares of Republic Services in the 3rd quarter valued at approximately $25,000. Annis Gardner Whiting Capital Advisors LLC grew its holdings in Republic Services by 121.8% during the third quarter. Annis Gardner Whiting Capital Advisors LLC now owns 122 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 67 shares during the last quarter. NewSquare Capital LLC raised its position 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 acquired a new stake in shares of Republic Services in the second quarter worth $33,000. Finally, Westside Investment Management Inc. boosted its holdings in shares of Republic Services by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 172 shares of the business services provider’s stock worth $39,000 after buying an additional 86 shares during the period. Institutional investors own 57.73% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on RSG shares. UBS Group set a $220.00 target price on Republic Services in a research note on Monday, January 5th. Wells Fargo & Company began coverage on shares of Republic Services in a research report on Thursday, November 13th. They set an “overweight” rating and a $238.00 target price on the stock. Citigroup reduced their target price on shares of Republic Services from $268.00 to $244.00 and set a “buy” rating on the stock in a research note on Friday, January 16th. The Goldman Sachs Group began coverage on shares of Republic Services in a research note on Monday, November 24th. They set a “buy” rating and a $255.00 price target for the company. Finally, Jefferies Financial Group set a $248.00 price objective on shares of Republic Services and gave the company a “buy” rating in a research note on Monday, November 3rd. Fourteen analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, Republic Services presently has a consensus rating of “Moderate Buy” and an average target price of $248.82.

Republic Services Trading Down 0.4%

Shares of NYSE:RSG opened at $223.13 on Wednesday. The company’s 50-day moving average price is $213.91 and its two-hundred day moving average price is $220.57. Republic Services, Inc. has a one year low of $201.42 and a one year high of $258.75. 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 has a market capitalization of $69.07 billion, a PE ratio of 33.20, a price-to-earnings-growth ratio of 3.66 and a beta of 0.54.

Insider Activity

In other news, Director Katharine Weymouth acquired 478 shares of Republic Services stock in a transaction dated Tuesday, December 9th. The stock was bought at an average price of $209.46 per share, for a total transaction of $100,121.88. Following the completion of the acquisition, the director directly owned 5,740 shares in the company, valued at approximately $1,202,300.40. The trade was a 9.08% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.11% of the stock is currently owned by insiders.

Republic Services Company Profile

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.