Rhumbline Advisers Sells 11,145 Shares of Republic Services, Inc. $RSG

Rhumbline Advisers trimmed its position in Republic Services, Inc. (NYSE:RSG) by 2.5% in the third quarter, according to its most recent filing with the SEC. The fund owned 433,121 shares of the business services provider’s stock after selling 11,145 shares during the period. Rhumbline Advisers’ holdings in Republic Services were worth $99,392,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Brighton Jones LLC grew its position in shares of Republic Services by 75.8% in the 4th quarter. Brighton Jones LLC now owns 19,822 shares of the business services provider’s stock valued at $3,988,000 after buying an additional 8,547 shares during the last quarter. IFP Advisors Inc boosted its holdings in Republic Services by 33.6% in the second quarter. IFP Advisors Inc now owns 2,264 shares of the business services provider’s stock valued at $558,000 after acquiring an additional 569 shares during the last quarter. CWM LLC boosted its holdings in Republic Services by 9.1% in the second quarter. CWM LLC now owns 11,890 shares of the business services provider’s stock valued at $2,932,000 after acquiring an additional 996 shares during the last quarter. Sequoia Financial Advisors LLC raised its holdings in Republic Services by 5.0% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 4,895 shares of the business services provider’s stock worth $1,207,000 after purchasing an additional 235 shares during the last quarter. Finally, NorthRock Partners LLC lifted its position in shares of Republic Services by 14.4% in the 2nd quarter. NorthRock Partners LLC now owns 2,735 shares of the business services provider’s stock worth $674,000 after purchasing an additional 345 shares during the period. Institutional investors own 57.73% of the company’s stock.

Republic Services Stock Up 1.3%

Shares of NYSE:RSG opened at $225.93 on Thursday. The firm has a market cap of $69.94 billion, a P/E ratio of 33.62, a PEG ratio of 3.64 and a beta of 0.54. Republic Services, Inc. has a 52-week low of $201.42 and a 52-week high of $258.75. The business’s 50 day simple moving average is $214.12 and its two-hundred day simple moving average is $220.61. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.58 and a current ratio of 0.58.

Wall Street Analyst Weigh In

RSG has been the subject of several recent analyst reports. Raymond James Financial reiterated an “outperform” rating and set a $240.00 price objective on shares of Republic Services in a research report on Friday, October 31st. The Goldman Sachs Group assumed coverage on Republic Services in a report on Monday, November 24th. They set a “buy” rating and a $255.00 price target for the company. UBS Group set a $220.00 price objective on Republic Services in a research note on Monday, January 5th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Republic Services in a research note on Monday, December 29th. Finally, Oppenheimer dropped their price target on Republic Services from $256.00 to $255.00 and set an “outperform” rating on the stock in a research note on Friday, January 23rd. Fourteen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Republic Services presently has a consensus rating of “Moderate Buy” and a consensus price target of $248.82.

Insiders Place Their Bets

In other Republic Services news, Director Katharine Weymouth acquired 478 shares of the company’s stock in a transaction on Tuesday, December 9th. The shares were purchased at an average cost of $209.46 per share, with a total value of $100,121.88. Following the completion of the purchase, the director owned 5,740 shares of the company’s stock, 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.11% of the company’s stock.

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.