Republic Services, Inc. $RSG Shares Sold by AEGON ASSET MANAGEMENT UK Plc

AEGON ASSET MANAGEMENT UK Plc lowered its stake in Republic Services, Inc. (NYSE:RSG) by 20.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 174,446 shares of the business services provider’s stock after selling 45,931 shares during the quarter. AEGON ASSET MANAGEMENT UK Plc owned about 0.06% of Republic Services worth $40,037,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Financial Consulate Inc. acquired a new stake in Republic Services in the third quarter valued at approximately $25,000. NewSquare Capital LLC boosted its stake 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 Republic Services during the 2nd quarter valued at $33,000. Hilltop National Bank purchased a new stake in Republic Services during the 2nd quarter worth $47,000. Finally, Tradewinds Capital Management LLC lifted its holdings in 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 in the last quarter. 57.73% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Katharine Weymouth purchased 478 shares of the stock in a transaction dated 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 completion of the transaction, the director owned 5,740 shares of the company’s stock, valued at approximately $1,202,300.40. The trade was a 9.08% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.11% of the company’s stock.

Republic Services Stock Performance

Shares of RSG stock opened at $217.75 on Monday. The company has a market cap of $67.41 billion, a P/E ratio of 32.40, a PEG ratio of 3.56 and a beta of 0.55. The business has a 50 day moving average of $213.36 and a two-hundred day moving average of $222.59. Republic Services, Inc. has a 52 week low of $201.42 and a 52 week high of $258.75. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 1.04.

Republic Services (NYSE:RSG) last announced its quarterly earnings results on Friday, October 31st. The business services provider reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.78 by $0.12. The business had revenue of $4.21 billion for the quarter, compared to the consensus estimate of $4.25 billion. Republic Services had a return on equity of 18.24% and a net margin of 12.77%.The business’s revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the business posted $1.81 EPS. As a group, analysts anticipate that Republic Services, Inc. will post 6.86 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently weighed in on RSG. JPMorgan Chase & Co. lowered their target price on Republic Services from $260.00 to $233.00 and set a “neutral” rating for the company in a research note on Friday, October 31st. Wells Fargo & Company started coverage on Republic Services in a report on Thursday, November 13th. They set an “overweight” rating and a $238.00 price objective on the stock. National Bankshares reduced their target price on Republic Services from $270.00 to $241.00 and set a “sector perform” rating for the company in a research note on Tuesday, October 7th. 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. Finally, Sanford C. Bernstein upped their price target on shares of Republic Services from $205.00 to $220.00 and gave the company a “market perform” rating in a report on Monday, January 5th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat, Republic Services presently has a consensus rating of “Moderate Buy” and an average price target 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.