Republic Services, Inc. $RSG Shares Sold by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. cut its stake in shares of Republic Services, Inc. (NYSE:RSG) by 18.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 26,758 shares of the business services provider’s stock after selling 5,952 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Republic Services were worth $6,140,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the company. Financial Consulate Inc. purchased a new stake in shares of Republic Services during the 3rd quarter worth $25,000. NewSquare Capital LLC lifted its holdings in Republic Services by 68.5% during the 2nd quarter. NewSquare Capital LLC now owns 123 shares of the business services provider’s stock worth $30,000 after buying an additional 50 shares during the last quarter. Foster Dykema Cabot & Partners LLC acquired a new position in shares of Republic Services during the 2nd quarter worth about $33,000. Hilltop National Bank purchased a new position in shares of Republic Services in the 2nd quarter valued at about $47,000. Finally, Tradewinds Capital Management LLC raised its position in shares of Republic Services by 154.1% during the 2nd quarter. Tradewinds Capital Management LLC now owns 216 shares of the business services provider’s stock worth $53,000 after acquiring an additional 131 shares in the last quarter. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Republic Services Stock Up 0.0%

Shares of NYSE RSG opened at $214.85 on Friday. 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 firm has a 50-day moving average price of $213.45 and a 200 day moving average price of $221.85. Republic Services, Inc. has a 52 week low of $201.42 and a 52 week high of $258.75. The stock has a market capitalization of $66.51 billion, a price-to-earnings ratio of 31.97, a price-to-earnings-growth ratio of 3.50 and a beta of 0.55.

Republic Services (NYSE:RSG) last posted its earnings results on Friday, October 31st. The business services provider reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.78 by $0.12. Republic Services had a return on equity of 18.24% and a net margin of 12.77%.The company had revenue of $4.21 billion for the quarter, compared to analyst estimates of $4.25 billion. During the same quarter in the prior year, the company earned $1.81 earnings per share. Republic Services’s revenue was up 3.3% compared to the same quarter last year. Equities research analysts anticipate that Republic Services, Inc. will post 6.86 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. UBS Group set a $220.00 price target on shares of Republic Services in a research note on Monday, January 5th. Robert W. Baird set a $240.00 target price on shares of Republic Services in a research report on Friday, October 31st. National Bankshares cut their price target on shares of Republic Services from $270.00 to $241.00 and set a “sector perform” rating on the stock in a research note on Tuesday, October 7th. Weiss Ratings restated a “buy (b-)” rating on shares of Republic Services in a research note on Monday, December 29th. Finally, Stifel Nicolaus cut their target price on Republic Services from $257.00 to $251.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, Republic Services has a consensus rating of “Moderate Buy” and an average target price of $248.82.

Insider Activity

In related news, Director Katharine Weymouth acquired 478 shares of the firm’s stock in a transaction that occurred on Tuesday, December 9th. The shares were acquired at an average price of $209.46 per share, with a total value of $100,121.88. Following the completion of the purchase, 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 ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.11% of the stock is owned by corporate insiders.

About Republic Services

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.