Rhumbline Advisers Sells 11,145 Shares of Republic Services, Inc. $RSG

Rhumbline Advisers trimmed its stake in shares of Republic Services, Inc. (NYSE:RSG) by 2.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 433,121 shares of the business services provider’s stock after selling 11,145 shares during the period. Rhumbline Advisers owned approximately 0.14% of Republic Services worth $99,392,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of RSG. Bowen Hanes & Co. Inc. raised its stake in Republic Services by 7.3% during the 2nd quarter. Bowen Hanes & Co. Inc. now owns 254,540 shares of the business services provider’s stock worth $62,772,000 after buying an additional 17,280 shares during the period. Oregon Public Employees Retirement Fund increased its holdings in shares of Republic Services by 32.9% in the third quarter. Oregon Public Employees Retirement Fund now owns 23,211 shares of the business services provider’s stock worth $5,326,000 after acquiring an additional 5,740 shares in the last quarter. Farther Finance Advisors LLC raised its position in shares of Republic Services by 60.0% during the third quarter. Farther Finance Advisors LLC now owns 12,665 shares of the business services provider’s stock worth $2,906,000 after purchasing an additional 4,750 shares during the period. National Pension Service grew its position in shares of Republic Services by 1.2% in the 3rd quarter. National Pension Service now owns 758,644 shares of the business services provider’s stock valued at $174,094,000 after purchasing an additional 9,041 shares during the period. Finally, Valley National Advisers Inc. increased its holdings in Republic Services by 148,250.0% during the 3rd quarter. Valley National Advisers Inc. now owns 8,901 shares of the business services provider’s stock worth $2,042,000 after purchasing an additional 8,895 shares in the last quarter. Institutional investors and hedge funds own 57.73% of the company’s stock.

Insider Buying and Selling at Republic Services

In related news, Director Katharine Weymouth purchased 478 shares of the firm’s stock in a transaction that occurred on Tuesday, December 9th. The shares were bought at an average price of $209.46 per share, for a total transaction of $100,121.88. Following the completion of the transaction, the director owned 5,740 shares of the company’s stock, valued at approximately $1,202,300.40. This trade represents a 9.08% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.11% of the company’s stock.

Republic Services Stock Up 1.3%

Republic Services stock opened at $225.93 on Thursday. The company’s 50-day moving average price is $214.12 and its two-hundred day moving average price is $220.61. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 1.04. The stock has a market cap of $69.94 billion, a P/E ratio of 33.62, a P/E/G ratio of 3.64 and a beta of 0.54. Republic Services, Inc. has a twelve month low of $201.42 and a twelve month high of $258.75.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on RSG shares. Barclays decreased their price objective 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. UBS Group set a $220.00 price target on Republic Services in a research note on Monday, January 5th. Jefferies Financial Group set a $248.00 price objective on Republic Services and gave the company a “buy” rating in a report on Monday, November 3rd. Sanford C. Bernstein upped their price target on shares of Republic Services from $205.00 to $220.00 and gave the stock a “market perform” rating in a research report on Monday, January 5th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Republic Services from $260.00 to $233.00 and set a “neutral” rating for the company in a research report on Friday, October 31st. Fourteen equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $248.82.

Republic Services 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.