US Bancorp DE trimmed its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 1.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 208,430 shares of the business services provider’s stock after selling 2,659 shares during the period. US Bancorp DE’s holdings in Republic Services were worth $14,091,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its holdings in shares of Republic Services by 0.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,833,445 shares of the business services provider’s stock worth $453,398,000 after acquiring an additional 23,456 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of Republic Services by 2.2% during the 3rd quarter. Wells Fargo & Company MN now owns 5,201,905 shares of the business services provider’s stock worth $343,639,000 after acquiring an additional 114,211 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of Republic Services by 2.7% during the 3rd quarter. Janus Henderson Group PLC now owns 3,847,676 shares of the business services provider’s stock worth $254,177,000 after acquiring an additional 102,801 shares during the period. Gamco Investors INC. ET AL lifted its holdings in shares of Republic Services by 0.3% during the 3rd quarter. Gamco Investors INC. ET AL now owns 2,663,050 shares of the business services provider’s stock worth $175,921,000 after acquiring an additional 7,903 shares during the period. Finally, Victory Capital Management Inc. lifted its holdings in shares of Republic Services by 8.4% during the 4th quarter. Victory Capital Management Inc. now owns 2,249,231 shares of the business services provider’s stock worth $152,070,000 after acquiring an additional 174,621 shares during the period. 59.57% of the stock is owned by institutional investors.

In related news, CEO Donald W. Slager sold 98,132 shares of Republic Services stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $64.19, for a total transaction of $6,299,093.08. Following the completion of the transaction, the chief executive officer now directly owns 322,541 shares of the company’s stock, valued at approximately $20,703,906.79. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Donald W. Slager sold 32,421 shares of Republic Services stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $64.00, for a total transaction of $2,074,944.00. The disclosure for this sale can be found here. Insiders have sold a total of 137,063 shares of company stock valued at $8,816,258 over the last three months. 0.40% of the stock is currently owned by insiders.

RSG has been the subject of a number of analyst reports. Credit Suisse Group reduced their price objective on shares of Republic Services from $69.00 to $67.00 and set a “neutral” rating for the company in a report on Monday, November 6th. Zacks Investment Research raised shares of Republic Services from a “hold” rating to a “buy” rating and set a $76.00 price target for the company in a report on Monday, January 22nd. Stifel Nicolaus raised shares of Republic Services from a “hold” rating to a “buy” rating and lifted their price target for the company from $70.00 to $73.00 in a report on Thursday, January 4th. BMO Capital Markets cut their price target on shares of Republic Services from $72.00 to $70.00 and set an “outperform” rating for the company in a report on Monday, November 6th. Finally, Bank of America lifted their price target on shares of Republic Services from $70.00 to $73.00 and gave the company a “buy” rating in a report on Monday. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $69.14.

Republic Services, Inc. (RSG) opened at $64.56 on Wednesday. Republic Services, Inc. has a 1-year low of $57.37 and a 1-year high of $69.40. The stock has a market cap of $21,704.54, a PE ratio of 27.06, a P/E/G ratio of 2.86 and a beta of 0.53. The company has a current ratio of 0.54, a quick ratio of 0.51 and a debt-to-equity ratio of 0.93.

Republic Services declared that its Board of Directors has authorized a share buyback program on Thursday, November 2nd that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the business services provider to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

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About Republic Services

Republic Services, Inc is a provider of non-hazardous solid waste collection, transfer, disposal, recycling and energy services. The Company’s segments include Group 1, Group 2 and Corporate entities. Its Group 1 and Group 2 segments provide integrated waste management services. Group 1 consists of geographic areas located in the western and portions of the mid-western United States.

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Institutional Ownership by Quarter for Republic Services (NYSE:RSG)

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