Private Advisor Group LLC Sells 1,240 Shares of Republic Services, Inc. (NYSE:RSG)

Private Advisor Group LLC cut its stake in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 7.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,044 shares of the business services provider's stock after selling 1,240 shares during the period. Private Advisor Group LLC's holdings in Republic Services were worth $3,643,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Republic Services by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 18,590,728 shares of the business services provider's stock valued at $3,740,083,000 after purchasing an additional 144,719 shares during the last quarter. Pictet Asset Management Holding SA grew its holdings in Republic Services by 3.6% during the fourth quarter. Pictet Asset Management Holding SA now owns 6,262,325 shares of the business services provider's stock worth $1,259,855,000 after acquiring an additional 218,729 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in Republic Services by 10.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,317,804 shares of the business services provider's stock valued at $1,069,836,000 after purchasing an additional 499,237 shares during the period. Geode Capital Management LLC lifted its position in shares of Republic Services by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 4,565,137 shares of the business services provider's stock valued at $918,045,000 after acquiring an additional 57,616 shares in the last quarter. Finally, Norges Bank purchased a new position in Republic Services during the fourth quarter worth approximately $553,039,000. 57.73% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on RSG shares. Melius began coverage on Republic Services in a report on Monday, June 9th. They issued a "hold" rating on the stock. JPMorgan Chase & Co. lifted their target price on Republic Services from $229.00 to $275.00 and gave the stock a "neutral" rating in a research report on Friday, May 23rd. William Blair restated an "outperform" rating on shares of Republic Services in a research note on Friday, April 25th. Melius Research raised Republic Services to a "hold" rating and set a $281.00 target price on the stock in a report on Monday, June 9th. Finally, Robert W. Baird lifted their price objective on shares of Republic Services from $232.00 to $245.00 and gave the stock a "neutral" rating in a research report on Friday, April 25th. Ten research 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. Based on data from MarketBeat, Republic Services currently has a consensus rating of "Moderate Buy" and a consensus price target of $258.16.

Republic Services Stock Performance

Shares of Republic Services stock traded up $0.03 during trading on Friday, reaching $245.14. The company's stock had a trading volume of 445,662 shares, compared to its average volume of 1,276,806. Republic Services, Inc. has a one year low of $188.82 and a one year high of $258.75. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.66 and a current ratio of 0.66. The firm has a market cap of $76.61 billion, a price-to-earnings ratio of 36.97, a price-to-earnings-growth ratio of 3.69 and a beta of 0.61. The business's fifty day moving average price is $247.41 and its 200-day moving average price is $237.09.

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

Republic Services 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.