Impax Asset Management Group plc Sells 28,409 Shares of Republic Services, Inc. $RSG

Impax Asset Management Group plc cut its position in shares of Republic Services, Inc. (NYSE:RSG) by 4.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 647,983 shares of the business services provider’s stock after selling 28,409 shares during the period. Impax Asset Management Group plc owned 0.21% of Republic Services worth $148,699,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. L2 Asset Management LLC raised its stake in Republic Services by 5.0% during the second quarter. L2 Asset Management LLC now owns 908 shares of the business services provider’s stock worth $224,000 after buying an additional 43 shares during the last quarter. ANB Bank lifted its stake in shares of Republic Services by 2.8% in the 3rd quarter. ANB Bank now owns 1,691 shares of the business services provider’s stock valued at $388,000 after purchasing an additional 46 shares during the period. Empirical Finance LLC grew its stake in Republic Services by 0.7% during the second quarter. Empirical Finance LLC now owns 7,232 shares of the business services provider’s stock worth $1,783,000 after purchasing an additional 47 shares during the period. ORG Partners LLC increased its holdings in Republic Services by 5.8% in the third quarter. ORG Partners LLC now owns 899 shares of the business services provider’s stock worth $206,000 after purchasing an additional 49 shares in the last quarter. Finally, NewSquare Capital LLC boosted its holdings in shares of Republic Services by 68.5% during the 2nd quarter. NewSquare Capital LLC now owns 123 shares of the business services provider’s stock worth $30,000 after buying an additional 50 shares in the last quarter. 57.73% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

RSG has been the topic of several recent research reports. The Goldman Sachs Group started coverage on Republic Services in a report on Monday, November 24th. They issued a “buy” rating and a $255.00 price target on the stock. Robert W. Baird set a $240.00 price target on Republic Services in a research report on Friday, October 31st. JPMorgan Chase & Co. lowered their target price on shares of Republic Services from $260.00 to $233.00 and set a “neutral” rating for the company in a report on Friday, October 31st. Scotiabank dropped their price target on shares of Republic Services from $246.00 to $242.00 and set a “sector perform” rating on the stock in a research report on Wednesday, January 21st. Finally, Bank of America reduced their price objective on shares of Republic Services from $271.00 to $241.00 and set a “buy” rating for the company in a research report on Monday, December 22nd. Fourteen investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $248.82.

Republic Services Stock Down 0.4%

RSG stock opened at $223.13 on Wednesday. Republic Services, Inc. has a one year low of $201.42 and a one year high of $258.75. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.58 and a current ratio of 0.58. The firm’s fifty day moving average is $213.91 and its 200 day moving average is $220.57. The firm has a market cap of $69.07 billion, a PE ratio of 33.20, a P/E/G ratio of 3.66 and a beta of 0.54.

Insider Activity at Republic Services

In other Republic Services news, Director Katharine Weymouth acquired 478 shares of the business’s stock in a transaction on Tuesday, December 9th. The stock was purchased at an average price of $209.46 per share, for a total transaction of $100,121.88. Following the completion of the transaction, the director owned 5,740 shares of the company’s stock, valued at $1,202,300.40. The trade was a 9.08% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.11% of the stock is owned by insiders.

Republic Services Profile

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.