Institutional Investors Are Dumping Republic Services Inc (NYSE:RSG)

Lloyd Doyle
January 13, 2018

Mn Services Vermogensbeheer B.V. now owns 6,170 shares of the company's stock worth $311,000 after buying an additional 118 shares during the period. The institutional investor held 455,800 shares of the precious metals company at the end of 2017Q3, valued at $21.51M, down from 500,300 at the end of the previous reported quarter. Ashfield Capital Partners Llc who had been investing in Alibaba Group Hldg Ltd for a number of months, seems to be bullish on the $481.84 billion market cap company. The stock decreased 0.62% or $0.42 during the last trading session, reaching $67.56. About 2,499 shares traded.

Republic Services (NYSE:RSG) last posted its earnings results on Thursday, November 2nd. It has underperformed by 25.94% the S&P500.

Rfg Advisory Group Llc decreased its stake in Republic Svcs Inc (RSG) by 56.15% based on its latest 2017Q3 regulatory filing with the SEC. Shares for $1.49 million were sold by SLAGER DONALD W on Friday, September 29. The stock has a market capitalization of $22,850.00, a PE ratio of 28.97, a PEG ratio of 3.12 and a beta of 0.61. The stock decreased 0.16% or $0.11 during the last trading session, reaching $68.15. About 383,013 shares traded.

Media stories about Republic Services (NYSE:RSG) have trended somewhat positive on Saturday, according to Accern Sentiment. It has outperformed by 11.98% the S&P500. Bank of America reduced their target price on Republic Services from $72.00 to $70.00 and set a "buy" rating on the stock in a research note on Thursday, October 5th. RSG was included in 4 notes of analysts from August 26, 2016. Sun Life Financial INC now owns 1,680 shares of the business services provider's stock valued at $107,000 after purchasing an additional 1,672 shares in the last quarter. (NYSE:RSG) has "Hold" rating given on Friday, July 28 by Oppenheimer. The rating was maintained by BMO Capital Markets on Monday, November 6 with "Outperform". Finally, First Allied Advisory Services Inc. acquired a new stake in Republic Services in the 2nd quarter valued at $224,000.

Republic Services (NYSE RSG) opened at $68.38 on Thursday. Finally, Credit Suisse Group cut their target price on Republic Services from $69.00 to $67.00 and set a "neutral" rating on the stock in a research report on Monday, November 6th. Zacks downgraded Republic Services, Inc. The rating was upgraded by Barclays Capital on Tuesday, May 3 to "Overweight". The company was maintained on Tuesday, February 21 by Wedbush. The company was maintained on Friday, August 25 by Oppenheimer. The firm has "Buy" rating by Stifel Nicolaus given on Tuesday, July 18. Stifel Nicolaus has "Buy" rating and $64 target. The firm has "Overweight" rating given on Tuesday, August 9 by Barclays Capital.

Since September 12, 2017, it had 0 buys, and 4 selling transactions for $2.99 million activity.

Ratings analysis reveals 36% of Republic Services's analysts are positive. Litespeed Management Llc sold 2.23 million shares as the company's stock declined 38.37% while stock markets rallied. Japan-based Nomura Asset Mgmt Co Ltd has invested 0.12% in Republic Services, Inc. (NYSE:RSG) to report earnings on February, 8 after the close. During the same period a year ago, the company earned $0.62 earnings per share. RSG's profit would be $193.85M giving it 29.47 P/E if the $0.58 EPS is correct. Janus Henderson Group PLC increased its stake in shares of Republic Services by 13,584.4% during the second quarter. Its down 0.20, from 1 in 2017Q2. 47 funds opened positions while 152 raised stakes. Almanack Investment Partners LLC. purchased a new stake in shares of Republic Services during the second quarter worth approximately $141,000. (NYSE:RSG). Moreover, Buckhead Cap Management Limited has 0.23% invested in Republic Services, Inc. (NYSE:RSG). Horizon Invs Limited Co invested in 0.13% or 36,679 shares. California Pub Employees Retirement Systems holds 0.09% in Republic Services, Inc. (NYSE:RSG). Bank Of Nova Scotia has 40,279 shares for 0.02% of their portfolio. (NYSE:RSG). Northwestern Mutual Wealth Management accumulated 4,767 shares. The insider GOEBEL BRIAN A sold 2,000 shares worth $135,760. State Of Tennessee Treasury Department has 62,556 shares. Patten Group Inc Inc holds 0.13% of its portfolio in Republic Services, Inc. (NYSE:GS) or 3,260 shares. 23,682 were accumulated by Ahl Limited Liability Partnership.

Rwwm Inc. holds 8.18% of its portfolio in Republic Services, Inc. for 345,431 shares. (NYSE:RSG) for 386,413 shares. (NYSE:RSG). Waddell & Reed Financial Incorporated owns 145,002 shares or 0.02% of their United States portfolio. (NYSE:RSG). Hartford has 84,348 shares. Royal Bank of Canada boosted its holdings in Republic Services by 11.0% in the 2nd quarter. (NYSE:RSG). 12,980 were reported by Tcw Gru. Ballentine Prtn Ltd Liability Corporation holds 24,614 shares or 0.07% of its portfolio.

Investors sentiment increased to 1.12 in 2017 Q3. Its the same as in 2017Q2. The ratio has worsened, as 199 institutional investors increased or started new holdings, while 237 reduced and sold their stock positions in Republic Services Inc. The New York-based General American Investors Co Inc has invested 4.94% in the stock. Vail Resorts Inc (NYSE:MTN) was reduced too. Northcoast Asset Management Ltd has 45,728 shares for 0.36% of their portfolio. First Foundation Advisors reported 203,673 shares. Mogy Joel R Inv Counsel Incorporated holds 1.06% or 123,201 shares in its portfolio. Shelton Cap Mngmt holds 39,943 shares. Morgan Stanley has invested 0.22% of its portfolio in Medtronic plc (NYSE:MDT). Sigma Planning accumulated 7,413 shares. Moody Lynn & Lieberson LLC now owns 7,703 shares of the company's stock worth $395,000 after buying an additional 98 shares during the period.

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