Republic Services, Inc. (NYSE:RSG) Shares Sold by Fifth Third Bancorp

Fifth Third Bancorp decreased its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 11.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 33,205 shares of the business services provider’s stock after selling 4,167 shares during the period. Fifth Third Bancorp’s holdings in Republic Services were worth $6,680,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Exchange Traded Concepts LLC lifted its holdings in shares of Republic Services by 255.2% in the 4th quarter. Exchange Traded Concepts LLC now owns 16,953 shares of the business services provider’s stock worth $3,411,000 after purchasing an additional 12,180 shares during the last quarter. McGlone Suttner Wealth Management Inc. lifted its stake in Republic Services by 2.2% in the fourth quarter. McGlone Suttner Wealth Management Inc. now owns 2,213 shares of the business services provider’s stock valued at $445,000 after buying an additional 48 shares during the last quarter. Brighton Jones LLC grew its position in shares of Republic Services by 75.8% during the fourth quarter. Brighton Jones LLC now owns 19,822 shares of the business services provider’s stock worth $3,988,000 after acquiring an additional 8,547 shares during the last quarter. Avior Wealth Management LLC increased its holdings in shares of Republic Services by 4.3% in the 4th quarter. Avior Wealth Management LLC now owns 10,503 shares of the business services provider’s stock worth $2,113,000 after acquiring an additional 430 shares during the period. Finally, Janney Montgomery Scott LLC boosted its stake in Republic Services by 18.2% during the 4th quarter. Janney Montgomery Scott LLC now owns 65,723 shares of the business services provider’s stock valued at $13,222,000 after purchasing an additional 10,142 shares during the period. Institutional investors own 57.73% of the company’s stock.

Insider Activity

In related news, Director Katharine Weymouth sold 1,859 shares of the stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $215.27, for a total value of $400,186.93. Following the completion of the sale, the director now directly owns 879 shares of the company’s stock, valued at approximately $189,222.33. This represents a 67.90 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Brian M. Delghiaccio sold 5,071 shares of Republic Services stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $210.02, for a total value of $1,065,011.42. Following the transaction, the chief financial officer now directly owns 6,318 shares in the company, valued at approximately $1,326,906.36. This trade represents a 44.53 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.09% of the company’s stock.

Republic Services Trading Down 0.2 %

NYSE:RSG opened at $211.74 on Monday. The stock has a fifty day simple moving average of $209.45 and a 200 day simple moving average of $205.16. The firm has a market capitalization of $66.31 billion, a price-to-earnings ratio of 33.88, a price-to-earnings-growth ratio of 3.07 and a beta of 0.73. Republic Services, Inc. has a 1-year low of $168.58 and a 1-year high of $220.58. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.07.

Republic Services (NYSE:RSG) last released its earnings results on Tuesday, October 29th. The business services provider reported $1.81 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.20. The business had revenue of $4.08 billion for the quarter, compared to the consensus estimate of $4.12 billion. Republic Services had a net margin of 12.46% and a return on equity of 18.18%. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period last year, the firm posted $1.54 earnings per share. Sell-side analysts forecast that Republic Services, Inc. will post 6.25 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on RSG. Jefferies Financial Group lifted their price target on Republic Services from $235.00 to $244.00 and gave the company a “buy” rating in a report on Thursday. Morgan Stanley boosted their price target on Republic Services from $217.00 to $220.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. Royal Bank of Canada raised shares of Republic Services from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from $219.00 to $237.00 in a report on Monday, January 6th. Oppenheimer raised their target price on shares of Republic Services from $219.00 to $220.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Finally, CIBC upped their price target on shares of Republic Services from $217.00 to $227.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 4th. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $222.24.

About Republic Services

Republic Services, Inc, together with its subsidiaries, offers environmental services in the United States and Canada. It is involved in the collection and processing of recyclable, solid waste, and industrial waste materials; transportation and disposal of non-hazardous and hazardous waste streams; and other environmental solutions.