Republic Services, Inc. $RSG Shares Sold by Townsquare Capital LLC

Townsquare Capital LLC lessened its stake in shares of Republic Services, Inc. (NYSE:RSG) by 60.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,133 shares of the business services provider’s stock after selling 3,261 shares during the quarter. Townsquare Capital LLC’s holdings in Republic Services were worth $489,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Financial Consulate Inc. purchased a new stake in Republic Services in the 3rd quarter worth approximately $25,000. Annis Gardner Whiting Capital Advisors LLC boosted its holdings in shares of Republic Services by 121.8% during the third quarter. Annis Gardner Whiting Capital Advisors LLC now owns 122 shares of the business services provider’s stock worth $28,000 after purchasing an additional 67 shares during the last quarter. NewSquare Capital LLC increased its stake in 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 last quarter. Foster Dykema Cabot & Partners LLC purchased a new position in Republic Services during the second quarter worth about $33,000. Finally, Hilltop National Bank acquired a new stake in Republic Services in the 2nd quarter worth about $47,000. 57.73% of the stock is owned by institutional investors and hedge funds.

Republic Services Stock Up 0.0%

Shares of NYSE RSG opened at $214.85 on Friday. The stock has a fifty day moving average price of $213.45 and a 200 day moving average price of $221.99. The company has a market cap of $66.51 billion, a P/E ratio of 31.97, a P/E/G ratio of 3.50 and a beta of 0.55. Republic Services, Inc. has a 12-month low of $201.42 and a 12-month high of $258.75. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.04.

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

Insider Buying and Selling at Republic Services

In other news, Director Katharine Weymouth purchased 478 shares of the stock in a transaction that occurred on Tuesday, December 9th. The stock was acquired at an average cost of $209.46 per share, with a total value of $100,121.88. Following the acquisition, the director owned 5,740 shares in the company, valued at approximately $1,202,300.40. This trade represents a 9.08% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.11% of the company’s stock.

Wall Street Analyst Weigh In

RSG has been the topic of several recent analyst reports. Oppenheimer cut their price objective on shares of Republic Services from $256.00 to $255.00 and set an “outperform” rating on the stock in a report on Friday, January 23rd. Scotiabank cut their price target on shares of Republic Services from $246.00 to $242.00 and set a “sector perform” rating on the stock in a research note on Wednesday, January 21st. UBS Group set a $220.00 price objective on shares of Republic Services in a research note on Monday, January 5th. 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. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $240.00 target price on shares of Republic Services in a report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $248.82.

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.