Republic Services, Inc. (NYSE:RSG) Shares Sold by Argent Capital Management LLC

Argent Capital Management LLC decreased its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 2.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 113,025 shares of the business services provider’s stock after selling 2,630 shares during the period. Argent Capital Management LLC’s holdings in Republic Services were worth $22,700,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. RFG Advisory LLC raised its position in Republic Services by 0.5% in the second quarter. RFG Advisory LLC now owns 10,603 shares of the business services provider’s stock worth $2,061,000 after acquiring an additional 53 shares in the last quarter. Commerzbank Aktiengesellschaft FI lifted its stake in shares of Republic Services by 2.9% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 1,860 shares of the business services provider’s stock valued at $362,000 after purchasing an additional 53 shares during the period. Capital Advisors Ltd. LLC grew its position in Republic Services by 2.9% during the first quarter. Capital Advisors Ltd. LLC now owns 1,903 shares of the business services provider’s stock worth $364,000 after buying an additional 54 shares during the period. Hexagon Capital Partners LLC increased its holdings in Republic Services by 4.0% in the second quarter. Hexagon Capital Partners LLC now owns 1,433 shares of the business services provider’s stock valued at $278,000 after buying an additional 55 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in shares of Republic Services by 1.2% during the 2nd quarter. Assenagon Asset Management S.A. now owns 4,917 shares of the business services provider’s stock valued at $956,000 after acquiring an additional 57 shares during the period. 57.73% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Republic Services

In other Republic Services news, Director Tomago Collins sold 3,200 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $203.01, for a total transaction of $649,632.00. Following the transaction, the director now owns 17,486 shares of the company’s stock, valued at $3,549,832.86. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.09% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Oppenheimer upped their price target on Republic Services from $210.00 to $219.00 and gave the stock an “outperform” rating in a report on Monday. BMO Capital Markets raised their price target on Republic Services from $209.00 to $211.00 and gave the company a “market perform” rating in a research report on Thursday, July 25th. Robert W. Baird boosted their price objective on shares of Republic Services from $208.00 to $210.00 and gave the stock a “neutral” rating in a research report on Thursday, July 25th. Raymond James lowered their price objective on shares of Republic Services from $219.00 to $214.00 and set an “outperform” rating on the stock in a research note on Thursday, July 25th. Finally, CIBC lifted their target price on shares of Republic Services from $196.00 to $208.00 and gave the stock a “neutral” rating in a research report on Thursday, July 25th. Nine research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, Republic Services currently has an average rating of “Moderate Buy” and an average price target of $212.18.

Republic Services Trading Down 0.4 %

Shares of NYSE:RSG traded down $0.86 during midday trading on Thursday, reaching $203.12. The company’s stock had a trading volume of 139,952 shares, compared to its average volume of 1,129,145. The business has a 50 day moving average price of $204.11 and a 200 day moving average price of $196.23. Republic Services, Inc. has a 1 year low of $143.55 and a 1 year high of $208.69. The firm has a market cap of $63.79 billion, a price-to-earnings ratio of 33.99, a price-to-earnings-growth ratio of 3.27 and a beta of 0.69. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.05.

Republic Services (NYSE:RSG) last posted its quarterly earnings data on Wednesday, July 24th. The business services provider reported $1.61 EPS for the quarter, beating analysts’ consensus estimates of $1.53 by $0.08. Republic Services had a net margin of 12.11% and a return on equity of 17.81%. The company had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $4.03 billion. Research analysts forecast that Republic Services, Inc. will post 6.18 EPS for the current year.

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.