Republic Services, Inc. (NYSE:RSG) Short Interest Down 18.0% in January

Republic Services, Inc. (NYSE:RSG) was the recipient of a large decline in short interest in the month of January. As of January 15th, there was short interest totaling 2,671,813 shares, a decline of 18.0% from the December 31st total of 3,257,553 shares. Based on an average daily trading volume, of 1,373,701 shares, the short-interest ratio is currently 1.9 days. Approximately 0.9% of the company’s stock are short sold. Approximately 0.9% of the company’s stock are short sold. Based on an average daily trading volume, of 1,373,701 shares, the short-interest ratio is currently 1.9 days.

Insider Buying and Selling

In other news, Director Katharine Weymouth acquired 478 shares of the firm’s stock in a transaction on Tuesday, December 9th. The stock was bought at an average cost of $209.46 per share, with a total value of $100,121.88. Following the transaction, the director directly owned 5,740 shares in the company, valued at approximately $1,202,300.40. This represents a 9.08% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.11% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Republic Services

Several large investors have recently added to or reduced their stakes in the stock. Ignite Planners LLC boosted its holdings in shares of Republic Services by 2.8% during the second quarter. Ignite Planners LLC now owns 1,562 shares of the business services provider’s stock valued at $376,000 after acquiring an additional 43 shares during the period. L2 Asset Management LLC lifted its position in Republic Services by 5.0% in the 2nd quarter. L2 Asset Management LLC now owns 908 shares of the business services provider’s stock valued at $224,000 after purchasing an additional 43 shares during the last quarter. ANB Bank boosted its stake in Republic Services by 2.8% during 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 position in Republic Services by 0.7% in the 2nd 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 last quarter. Finally, ORG Partners LLC increased its stake in shares of Republic Services by 5.8% in the third quarter. ORG Partners LLC now owns 899 shares of the business services provider’s stock valued at $206,000 after purchasing an additional 49 shares during the period. 57.73% of the stock is owned by institutional investors and hedge funds.

Republic Services Stock Performance

Republic Services stock traded up $0.64 during mid-day trading on Monday, reaching $215.73. The company’s stock had a trading volume of 1,072,391 shares, compared to its average volume of 1,391,164. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.04. Republic Services has a twelve month low of $201.42 and a twelve month high of $258.75. The business has a 50 day moving average price of $213.47 and a 200-day moving average price of $221.54. The firm has a market cap of $66.78 billion, a price-to-earnings ratio of 32.10, a PEG ratio of 3.51 and a beta of 0.54.

Republic Services (NYSE:RSG) last posted its quarterly earnings results on Friday, October 31st. The business services provider reported $1.90 EPS for the quarter, beating the consensus estimate of $1.78 by $0.12. Republic Services had a net margin of 12.77% and a return on equity of 18.24%. The business had revenue of $4.21 billion during the quarter, compared to analyst estimates of $4.25 billion. During the same period in the previous year, the business posted $1.81 EPS. The company’s quarterly revenue was up 3.3% on a year-over-year basis. Sell-side analysts predict that Republic Services will post 6.86 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on RSG shares. Bank of America reduced their price target on Republic Services from $271.00 to $241.00 and set a “buy” rating for the company in a report on Monday, December 22nd. UBS Group set a $220.00 target price on Republic Services in a research note on Monday, January 5th. Wells Fargo & Company started coverage on shares of Republic Services in a research note on Thursday, November 13th. They issued an “overweight” rating and a $238.00 price target for the company. Sanford C. Bernstein upped their price target on shares of Republic Services from $205.00 to $220.00 and gave the company a “market perform” rating in a report on Monday, January 5th. Finally, Stifel Nicolaus decreased their price objective on shares of Republic Services from $257.00 to $251.00 and set a “buy” rating for the company in a report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $248.82.

Republic Services Company 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.