Martingale Asset Management L P boosted its position in Republic Services, Inc. (NYSE:RSG) by 6.2% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 589,522 shares of the company’s stock after buying an additional 34,303 shares during the period. Martingale Asset Management L P’s holdings in Republic Services were worth $33,633,000 as of its most recent filing with the SEC.
Other institutional investors have also recently modified their holdings of the company. Sumitomo Mitsui Asset Management Company LTD boosted its position in shares of Republic Services by 8.0% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 19,211 shares of the company’s stock worth $985,000 after buying an additional 1,430 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Republic Services by 1.7% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 896,795 shares of the company’s stock worth $46,015,000 after buying an additional 14,589 shares in the last quarter. Moody Lynn & Lieberson LLC boosted its position in shares of Republic Services by 1.3% in the second quarter. Moody Lynn & Lieberson LLC now owns 7,703 shares of the company’s stock worth $395,000 after buying an additional 98 shares in the last quarter. USS Investment Management Ltd boosted its position in shares of Republic Services by 2.5% in the second quarter. USS Investment Management Ltd now owns 135,677 shares of the company’s stock worth $6,961,000 after buying an additional 3,300 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Republic Services by 2.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 178,163 shares of the company’s stock worth $9,142,000 after buying an additional 4,927 shares in the last quarter. Institutional investors own 62.52% of the company’s stock.
Shares of Republic Services, Inc. (NYSE:RSG) traded down 0.248% during midday trading on Tuesday, hitting $58.345. The stock had a trading volume of 467,202 shares. The stock’s 50-day moving average is $57.33 and its 200-day moving average is $53.49. The stock has a market cap of $19.84 billion, a PE ratio of 33.922 and a beta of 0.59. Republic Services, Inc. has a 12 month low of $44.26 and a 12 month high of $58.64.
“Martingale Asset Management L P Has $33,633,000 Position in Republic Services, Inc. (RSG)” was originally reported by sleekmoney and is the property of of sleekmoney. If you are reading this piece of content on another site, it was illegally stolen and republished in violation of US & international copyright and trademark law. The legal version of this piece of content can be viewed at http://sleekmoney.com/martingale-asset-management-l-p-has-33633000-position-in-republic-services-inc-rsg/1660672.html.
A number of equities analysts recently issued reports on RSG shares. Zacks Investment Research cut Republic Services from a “buy” rating to a “hold” rating in a report on Tuesday, October 18th. Deutsche Bank AG cut Republic Services from a “buy” rating to a “hold” rating and increased their target price for the stock from $108.00 to $112.00 in a report on Saturday, October 22nd. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Republic Services in a report on Thursday, October 27th. Goldman Sachs Group, Inc. (The) started coverage on Republic Services in a research report on Tuesday, November 1st. They issued a “neutral” rating and a $52.00 price target for the company. Finally, Stifel Nicolaus increased their price target on Republic Services from $60.00 to $64.00 and gave the company a “buy” rating in a research report on Monday. Eight investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Republic Services currently has an average rating of “Hold” and an average price target of $60.10.
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.
Want to see what other hedge funds are holding RSG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Republic Services, Inc. (NYSE:RSG).
This story was originally published by sleekmoney (http://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://sleekmoney.com/martingale-asset-management-l-p-has-33633000-position-in-republic-services-inc-rsg/1660672.html
Receive News & Ratings for Republic Services Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Republic Services Inc. and related companies with MarketBeat.com's FREE daily email newsletter.