Baader Bank Aktiengesellschaft Reduces Holdings in Republic Services, Inc. (NYSE:RSG)

Baader Bank Aktiengesellschaft cut its holdings in Republic Services, Inc. (NYSE:RSG - Free Report) by 2.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,090 shares of the business services provider's stock after selling 1,192 shares during the quarter. Republic Services makes up about 0.5% of Baader Bank Aktiengesellschaft's holdings, making the stock its 26th biggest holding. Baader Bank Aktiengesellschaft's holdings in Republic Services were worth $8,266,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of RSG. TCW Group Inc. boosted its stake in Republic Services by 13.0% in the 3rd quarter. TCW Group Inc. now owns 114,582 shares of the business services provider's stock worth $23,013,000 after purchasing an additional 13,138 shares in the last quarter. Avanza Fonder AB bought a new position in Republic Services during the 4th quarter valued at about $4,430,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in Republic Services during the 3rd quarter valued at about $6,102,000. Lifeworks Advisors LLC lifted its stake in Republic Services by 1,112.3% during the 3rd quarter. Lifeworks Advisors LLC now owns 21,469 shares of the business services provider's stock valued at $4,312,000 after acquiring an additional 19,698 shares during the period. Finally, Pallas Capital Advisors LLC bought a new position in Republic Services during the 4th quarter valued at about $204,000. 57.73% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Katharine Weymouth sold 1,859 shares of the firm's stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $215.27, for a total transaction of $400,186.93. Following the transaction, the director now owns 879 shares in the company, valued at approximately $189,222.33. This trade represents a 67.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Brian M. Delghiaccio sold 5,071 shares of the firm's stock in a transaction on 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 owns 6,318 shares in the company, valued at approximately $1,326,906.36. This represents a 44.53 % decrease in their position. The disclosure for this sale can be found here. 0.09% of the stock is owned by corporate insiders.

Republic Services Price Performance

RSG traded up $5.90 during trading on Thursday, reaching $218.21. 388,352 shares of the company traded hands, compared to its average volume of 987,681. The firm has a fifty day simple moving average of $209.68 and a 200 day simple moving average of $205.50. Republic Services, Inc. has a 12-month low of $169.83 and a 12-month high of $220.58. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.64 and a current ratio of 0.64. The company has a market cap of $68.33 billion, a P/E ratio of 34.90, a PEG ratio of 3.07 and a beta of 0.73.

Republic Services (NYSE:RSG - Get Free Report) last posted its earnings results on Tuesday, October 29th. The business services provider reported $1.81 earnings per share for the quarter, beating analysts' consensus estimates of $1.61 by $0.20. The firm had revenue of $4.08 billion during the quarter, compared to analyst estimates of $4.12 billion. Republic Services had a net margin of 12.46% and a return on equity of 18.18%. Republic Services's revenue for the quarter 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. On average, equities analysts forecast that Republic Services, Inc. will post 6.25 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have issued reports on RSG shares. Morgan Stanley upped their target price on shares of Republic Services from $217.00 to $220.00 and gave the company an "equal weight" rating in a research note on Thursday, December 12th. William Blair initiated coverage on shares of Republic Services in a research note on Thursday, October 3rd. They issued an "outperform" rating on the stock. Oppenheimer increased their price objective on shares of Republic Services from $219.00 to $220.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 30th. CIBC increased their price objective 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. Finally, Jefferies Financial Group increased their price objective on shares of Republic Services from $235.00 to $244.00 and gave the stock a "buy" rating in a research note on Thursday, January 23rd. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, Republic Services has a consensus rating of "Moderate Buy" and a consensus price target of $222.24.

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.