Los Angeles Capital Management LLC Sells 31,086 Shares of Republic Services, Inc. (NYSE:RSG)

Los Angeles Capital Management LLC decreased its position in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 28.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 78,690 shares of the business services provider's stock after selling 31,086 shares during the quarter. Los Angeles Capital Management LLC's holdings in Republic Services were worth $19,056,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Golden State Wealth Management LLC boosted its holdings in shares of Republic Services by 3,533.3% during the 1st quarter. Golden State Wealth Management LLC now owns 109 shares of the business services provider's stock valued at $26,000 after acquiring an additional 106 shares in the last quarter. Key Financial Inc raised its position in Republic Services by 380.8% during the 1st quarter. Key Financial Inc now owns 125 shares of the business services provider's stock worth $30,000 after purchasing an additional 99 shares during the last quarter. New Age Alpha Advisors LLC raised its position in Republic Services by 70.2% during the 4th quarter. New Age Alpha Advisors LLC now owns 177 shares of the business services provider's stock worth $36,000 after purchasing an additional 73 shares during the last quarter. Park Square Financial Group LLC bought a new position in Republic Services during the 4th quarter worth $44,000. Finally, Proathlete Wealth Management LLC bought a new position in Republic Services during the 1st quarter worth $76,000. Institutional investors and hedge funds own 57.73% of the company's stock.

Republic Services Stock Performance

Shares of NYSE RSG traded up $2.38 during midday trading on Thursday, reaching $245.65. The company's stock had a trading volume of 403,948 shares, compared to its average volume of 1,278,299. Republic Services, Inc. has a 12-month low of $188.82 and a 12-month high of $258.75. The firm has a 50 day moving average price of $247.41 and a 200-day moving average price of $236.78. The stock has a market capitalization of $76.77 billion, a P/E ratio of 37.05, a PEG ratio of 3.68 and a beta of 0.61. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.66 and a quick ratio of 0.66.

Republic Services (NYSE:RSG - Get Free Report) last announced its earnings results on Thursday, April 24th. The business services provider reported $1.58 earnings per share for the quarter, topping analysts' consensus estimates of $1.53 by $0.05. The firm had revenue of $4.01 billion for the quarter, compared to the consensus estimate of $4.08 billion. Republic Services had a return on equity of 18.28% and a net margin of 12.88%. The company's revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.45 EPS. As a group, equities analysts predict that Republic Services, Inc. will post 6.86 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on RSG shares. UBS Group raised their target price on Republic Services from $240.00 to $250.00 and gave the stock a "neutral" rating in a research report on Friday, April 11th. Morgan Stanley raised their target price on Republic Services from $230.00 to $245.00 and gave the stock an "equal weight" rating in a research report on Friday, April 25th. Melius Research raised Republic Services to a "hold" rating and set a $281.00 price objective for the company in a research report on Monday, June 9th. Seaport Res Ptn raised Republic Services to a "strong-buy" rating in a research report on Tuesday, May 6th. Finally, BMO Capital Markets reissued an "outperform" rating and issued a $280.00 price objective (up from $268.00) on shares of Republic Services in a research report on Monday, June 9th. Ten investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, Republic Services currently has a consensus rating of "Moderate Buy" and an average price target of $258.16.

Republic Services Company Profile

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.