Keybank National Association OH Has $101.08 Million Holdings in Republic Services, Inc. $RSG

Keybank National Association OH trimmed its stake in Republic Services, Inc. (NYSE:RSG) by 2.3% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 440,453 shares of the business services provider’s stock after selling 10,314 shares during the period. Keybank National Association OH owned 0.14% of Republic Services worth $101,075,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of RSG. Financial Consulate Inc. acquired a new stake in shares of Republic Services during the third quarter worth approximately $25,000. Annis Gardner Whiting Capital Advisors LLC increased its holdings in Republic Services by 121.8% during the 3rd 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 in the last quarter. NewSquare Capital LLC raised its position in Republic Services by 68.5% in the 2nd 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 last quarter. Foster Dykema Cabot & Partners LLC bought a new stake in shares of Republic Services during the second quarter worth $33,000. Finally, Hilltop National Bank acquired a new stake in shares of Republic Services in the second quarter valued at $47,000. 57.73% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on RSG. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Republic Services in a research note on Monday, December 29th. Oppenheimer reduced their price objective on Republic Services from $256.00 to $255.00 and set an “outperform” rating on the stock in a report on Friday, January 23rd. Robert W. Baird set a $240.00 target price on Republic Services in a research note on Friday, October 31st. Stifel Nicolaus dropped their target price on shares of Republic Services from $257.00 to $251.00 and set a “buy” rating for the company in a research report on Friday, October 31st. Finally, Scotiabank reduced their price target on Republic Services from $246.00 to $242.00 and set a “sector perform” rating on the stock in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, Republic Services has an average rating of “Moderate Buy” and an average price target of $248.82.

Insider Buying and Selling

In other news, Director Katharine Weymouth acquired 478 shares of the firm’s stock in a transaction dated Tuesday, December 9th. The stock was bought at an average price of $209.46 per share, with a total value of $100,121.88. Following the transaction, 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 purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.11% of the stock is currently owned by corporate insiders.

Republic Services Price Performance

Shares of NYSE RSG opened at $214.85 on Friday. Republic Services, Inc. has a fifty-two week low of $201.42 and a fifty-two week high of $258.75. The stock has a market capitalization of $66.51 billion, a price-to-earnings ratio of 31.97, a PEG ratio of 3.50 and a beta of 0.55. 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 business has a 50-day moving average of $213.45 and a 200-day moving average of $221.99.

Republic Services (NYSE:RSG) last posted its quarterly earnings results on Friday, October 31st. The business services provider reported $1.90 earnings per share for the quarter, beating analysts’ consensus estimates of $1.78 by $0.12. The firm had revenue of $4.21 billion during 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% compared to the same quarter last year. During the same period last year, the company earned $1.81 earnings per share. As a group, sell-side analysts predict that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.

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.