CLS Investments LLC reduced its position in shares of Republic Services, Inc. (NYSE:RSG) by 3.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 25,716 shares of the company’s stock after selling 892 shares during the period. CLS Investments LLC’s holdings in Republic Services were worth $1,467,000 as of its most recent filing with the SEC.
Other large investors have also recently made changes to their positions in the company. TLP Group LLC acquired a new position in shares of Republic Services during the third quarter valued at approximately $125,000. M&R Capital Management Inc. increased its position in shares of Republic Services by 120.0% in the fourth quarter. M&R Capital Management Inc. now owns 2,200 shares of the company’s stock valued at $125,000 after buying an additional 1,200 shares in the last quarter. Farmers National Bank acquired a new position in shares of Republic Services during the second quarter valued at approximately $183,000. RFG Advisory Group LLC acquired a new position in shares of Republic Services during the fourth quarter valued at approximately $202,000. Finally, BOKF NA acquired a new position in shares of Republic Services during the third quarter valued at approximately $224,000. 61.53% of the stock is currently owned by institutional investors and hedge funds.
Republic Services, Inc. (NYSE:RSG) traded up 0.17% during trading on Friday, hitting $57.96. The stock had a trading volume of 1,154,917 shares. Republic Services, Inc. has a 52 week low of $44.26 and a 52 week high of $58.35. The stock has a market capitalization of $19.70 billion, a P/E ratio of 33.70 and a beta of 0.59. The company has a 50-day moving average of $57.29 and a 200-day moving average of $53.42.
Several brokerages have recently commented on RSG. Zacks Investment Research downgraded Republic Services from a “buy” rating to a “hold” rating in a research note on Tuesday, November 1st. Goldman Sachs Group, Inc. (The) assumed coverage on Republic Services in a research note on Tuesday, November 1st. They set a “neutral” rating and a $52.00 target price for the company. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Republic Services in a research note on Thursday, October 27th. Finally, Deutsche Bank AG downgraded Republic Services from a “buy” rating to a “hold” rating and boosted their price target for the company from $108.00 to $112.00 in a research note on Saturday, October 22nd. Eight equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $58.80.
Republic Services Company Profile
Republic Services, Inc is a provider of non-hazardous solid waste collection, transfer, disposal, recycling and energy services in the United States. The Company operates through three segments: East, Central and West. The Company operates in over 40 states and Puerto Rico through approximately 340 collection operations, over 200 transfer stations, over 190 active landfills, approximately 70 recycling centers, approximately 10 treatment, recovery and disposal facilities, and over 10 salt water disposal wells.
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