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

Baader Bank Aktiengesellschaft decreased its position in shares of Republic Services, Inc. (NYSE:RSG) by 11.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Financial Consulate Inc. purchased a new stake in shares of Republic Services in the 3rd quarter valued at approximately $25,000. Annis Gardner Whiting Capital Advisors LLC boosted its holdings in shares of 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 worth $28,000 after buying an additional 67 shares during the period. NewSquare Capital LLC boosted its stake in Republic Services by 68.5% during 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 period. Foster Dykema Cabot & Partners LLC bought a new stake in Republic Services in the 2nd quarter valued at $33,000. Finally, Westside Investment Management Inc. grew its position in Republic Services by 100.0% during the third quarter. Westside Investment Management Inc. now owns 172 shares of the business services provider’s stock worth $39,000 after buying an additional 86 shares in the last quarter. 57.73% of the stock is currently owned by institutional investors.

Republic Services Trading Down 0.4%

Shares of NYSE:RSG opened at $223.13 on Wednesday. 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 company’s 50-day moving average price is $213.91 and its two-hundred day moving average price is $220.57. The stock has a market capitalization of $69.07 billion, a PE ratio of 33.20, a price-to-earnings-growth ratio of 3.66 and a beta of 0.54. Republic Services, Inc. has a one year low of $201.42 and a one year high of $258.75.

Insider Buying and Selling at Republic Services

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on RSG. Scotiabank dropped their price objective on shares of Republic Services from $246.00 to $242.00 and set a “sector perform” rating for the company in a research note on Wednesday, January 21st. Bank of America lowered their price objective on shares of Republic Services from $271.00 to $241.00 and set a “buy” rating for the company in a research report on Monday, December 22nd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Republic Services in a research report on Monday, December 29th. JPMorgan Chase & Co. reduced their price target on Republic Services from $260.00 to $233.00 and set a “neutral” rating on the stock in a research report on Friday, October 31st. Finally, Wells Fargo & Company initiated coverage on shares of Republic Services in a research note on Thursday, November 13th. They issued an “overweight” rating and a $238.00 target price for the company. Fourteen equities research analysts have rated the stock with a Buy rating and ten have assigned 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 target price 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.