Republic Services, Inc. $RSG Shares Sold by Baader Bank Aktiengesellschaft

Baader Bank Aktiengesellschaft lowered its position in Republic Services, Inc. (NYSE:RSG) by 11.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,350 shares of the business services provider’s stock after selling 5,078 shares during the period. Baader Bank Aktiengesellschaft’s holdings in Republic Services were worth $8,580,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Norges Bank purchased a new position in Republic Services during the second quarter worth $690,313,000. Bessemer Group Inc. increased its position in shares of Republic Services by 7,683.2% in the third quarter. Bessemer Group Inc. now owns 739,792 shares of the business services provider’s stock worth $169,768,000 after acquiring an additional 730,287 shares in the last quarter. M&G PLC lifted its position in Republic Services by 113.0% during the 2nd quarter. M&G PLC now owns 1,164,656 shares of the business services provider’s stock worth $287,670,000 after acquiring an additional 617,939 shares in the last quarter. Qube Research & Technologies Ltd increased its stake in Republic Services by 174.6% during the 2nd quarter. Qube Research & Technologies Ltd now owns 685,448 shares of the business services provider’s stock worth $169,038,000 after buying an additional 435,816 shares during the period. Finally, Invesco Ltd. boosted its holdings in Republic Services by 21.3% in the second quarter. Invesco Ltd. now owns 2,325,302 shares of the business services provider’s stock valued at $573,443,000 after purchasing an additional 408,885 shares during the last quarter. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Barclays dropped their price target on shares of Republic Services from $237.00 to $236.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 20th. Citigroup dropped their target price on shares of Republic Services from $268.00 to $244.00 and set a “buy” rating for the company in a research report on Friday, January 16th. UBS Group set a $220.00 price target on shares of Republic Services in a research report on Monday, January 5th. JPMorgan Chase & Co. decreased their price target 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. Finally, Bank of America cut their price objective on Republic Services from $271.00 to $241.00 and set a “buy” rating on the stock in a research note on Monday, December 22nd. Fourteen equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat, Republic Services has a consensus rating of “Moderate Buy” and a consensus price target of $248.82.

Republic Services Trading Down 0.4%

Shares of NYSE:RSG opened at $223.13 on Wednesday. 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 company’s 50-day moving average price is $213.91 and its 200 day moving average price is $220.57. The company has a market cap of $69.07 billion, a PE ratio of 33.20, a P/E/G ratio of 3.66 and a beta of 0.54. Republic Services, Inc. has a fifty-two week low of $201.42 and a fifty-two week high of $258.75.

Insider Transactions at Republic Services

In other Republic Services news, Director Katharine Weymouth bought 478 shares of the stock in a transaction that occurred on Tuesday, December 9th. The shares were purchased at an average cost of $209.46 per share, for a total transaction of $100,121.88. Following the transaction, the director directly owned 5,740 shares in the company, valued at $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 Securities & Exchange Commission, which is accessible through this hyperlink. 0.11% of the stock is owned by company 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.