Ownership Action Alert: Republic Services Inc (NYSE:RSG) Institutional Investors Sentiment Index Flat in Q2 2016

November 28, 2016 - By Clifton Ray   ·   0 Comments

Ownership Action Alert: Republic Services Inc (NYSE:RSG) Institutional Investors Sentiment Index Flat in  Q2 2016

Sentiment for Republic Services Inc (NYSE:RSG)

Republic Services Inc (NYSE:RSG) institutional sentiment decreased to 0.95 in 2016 Q2. Its down -0.29, from 1.24 in 2016Q1. The ratio worsened, as 241 hedge funds increased and opened new stock positions, while 194 decreased and sold their stakes in Republic Services Inc. The hedge funds in our partner’s database now possess: 202.99 million shares, down from 213.26 million shares in 2016Q1. Also, the number of hedge funds holding Republic Services Inc in their top 10 stock positions increased from 13 to 17 for an increase of 4. Sold All: 34 Reduced: 160 Increased: 194 New Position: 47.

Republic Services, Inc. is a provider of non-hazardous solid waste collection, transfer, disposal, recycling and energy services in the United States. The company has a market cap of $19.07 billion. The Firm operates through three divisions: East, Central and West. It has a 32.34 P/E ratio. The Firm 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.

The stock increased 0.04% or $0.03 on November 25, hitting $55.63. Republic Services, Inc. (NYSE:RSG) has risen 21.57% since April 25, 2016 and is uptrending. It has outperformed by 15.56% the S&P500.

Analysts await Republic Services, Inc. (NYSE:RSG) to report earnings on February, 9. They expect $0.55 EPS, up 10.00% or $0.05 from last year’s $0.5 per share. RSG’s profit will be $188.54M for 25.29 P/E if the $0.55 EPS becomes a reality. After $0.62 actual EPS reported by Republic Services, Inc. for the previous quarter, Wall Street now forecasts -11.29% negative EPS growth.

According to Zacks Investment Research, “Republic Services, Inc., is a leading provider of services in the domestic non-hazardous solid waste industry. They provide non-hazardous solid waste collection services for commercial, industrial, municipal and residential customers through their collection companies. They also own or operate transfer stations and solid waste landfills.”

Rwwm Inc. holds 8.59% of its portfolio in Republic Services, Inc. for 410,112 shares. Corbyn Investment Management Inc Md owns 448,255 shares or 7.48% of their US portfolio. Moreover, Partners Group Holding Ag has 5.36% invested in the company for 448,700 shares. The New York-based General American Investors Co Inc has invested 5.2% in the stock. Sasco Capital Inc Ct, a Connecticut-based fund reported 3.95 million shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 insider purchases, and 5 sales for $13.20 million net activity.

Republic Services, Inc. (NYSE:RSG) Ratings Coverage

Ratings analysis reveals 44% of Republic Services’s analysts are positive. Out of 9 Wall Street analysts rating Republic Services, 4 give it “Buy”, 0 “Sell” rating, while 5 recommend “Hold”. The lowest target is $44 while the high is $56. The stock’s average target of $52.20 is -6.17% below today’s ($55.63) share price. RSG was included in 14 notes of analysts from August 19, 2015. The stock of Republic Services, Inc. (NYSE:RSG) earned “Overweight” rating by JP Morgan on Thursday, December 17. The company was initiated on Wednesday, May 18 by Argus Research. The stock of Republic Services, Inc. (NYSE:RSG) earned “Buy” rating by Bank of America on Friday, November 6. On Thursday, October 22 the stock rating was initiated by Barclays Capital with “Equal-Weight”. Sterne Agee CRT initiated the shares of RSG in a report on Tuesday, March 22 with “Neutral” rating. As per Friday, August 26, the company rating was initiated by Macquarie Research. Barclays Capital upgraded it to “Overweight” rating and $52 target price in Tuesday, May 3 report. Bank of America initiated the stock with “Buy” rating in Sunday, November 8 report. Credit Suisse initiated Republic Services, Inc. (NYSE:RSG) on Friday, November 6 with “Neutral” rating. The stock of Republic Services, Inc. (NYSE:RSG) earned “Buy” rating by Zacks on Wednesday, August 19.

RSG Company Profile

Republic Services, Inc., incorporated on December 20, 1996, is a well-known provider of non-hazardous solid waste collection, transfer, disposal, recycling and energy services in the United States. The Firm operates through three divisions: East, Central and West. The Firm 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. It also operates approximately 70 landfill gas and renewable energy projects. It has post-closure responsibility for approximately 130 closed landfills.

More notable recent Republic Services, Inc. (NYSE:RSG) news were published by: Forbes.com which released: “Republic Services Reaches Analyst Target Price” on November 22, 2016, also Prnewswire.com with their article: “Republic Services Honored With Excellence Award for Landfill Gas Utilization” published on November 18, 2016, Prnewswire.com published: “Republic Services Honored by Washington Secretary of State Kim Wyman with 2016 …” on November 18, 2016. More interesting news about Republic Services, Inc. (NYSE:RSG) were released by: Prnewswire.com and their article: “Republic Services Named to Prestigious CDP Climate A List” published on November 10, 2016 as well as Finance.Yahoo.com‘s news article titled: “Republic Services Hits 52-Week High on Solid Q3 Results” with publication date: November 16, 2016.

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By Clifton Ray


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