Republic Services, Inc. (RSG) Hit All-Time High

June 16, 2017 - By Dolores Ford

Investors sentiment increased to 1.14 in Q4 2016. Its up 0.19, from 0.95 in 2016Q3. It improved, as 32 investors sold Republic Services, Inc. shares while 177 reduced holdings. 59 funds opened positions while 179 raised stakes. 205.81 million shares or 1.25% more from 203.26 million shares in 2016Q3 were reported.
Mason Street Advsrs Limited Liability, a Wisconsin-based fund reported 31,623 shares. Ibm Retirement Fund holds 22,089 shares or 0.06% of its portfolio. Moreover, Fenimore Asset Mngmt Incorporated has 0.36% invested in Republic Services, Inc. (NYSE:RSG) for 139,331 shares. Lsv Asset Mngmt owns 1.34 million shares. Stevens First Principles Invest Advsr invested in 7,360 shares or 0.29% of the stock. Bnp Paribas Arbitrage reported 116,103 shares. Regions Corporation holds 967,881 shares. Moreover, Metropolitan Life Ny has 0.05% invested in Republic Services, Inc. (NYSE:RSG) for 115,674 shares. Endurance Wealth Mngmt reported 0.01% stake. Hl Svcs Ltd Liability Corp reported 0.01% stake. Westpac holds 150,675 shares. Blackrock Invest Lc invested in 0.04% or 535,138 shares. Susquehanna International Group Inc Llp holds 0% or 17,829 shares in its portfolio. Mechanics Retail Bank Tru Department, a California-based fund reported 41,300 shares. Fjarde Ap holds 42,961 shares or 0.06% of its portfolio.

Since February 21, 2017, it had 0 buys, and 5 selling transactions for $9.07 million activity. 1,625 shares were sold by Ellingsen Catharine D, worth $101,091. Collins Tomago sold $79,066 worth of Republic Services, Inc. (NYSE:RSG) on Tuesday, March 7. Serianni Charles F had sold 9,500 shares worth $583,627. SLAGER DONALD W also sold $6.92 million worth of Republic Services, Inc. (NYSE:RSG) on Thursday, February 23. The insider Hughes Jeffrey A sold $1.39M.

The stock of Republic Services, Inc. (NYSE:RSG) reached all time high today, Jun, 16 and still has $67.11 target or 4.00 % above today’s $64.53 share price. This indicates more upside for the $22.14 billion company. This technical setup was reported by Barchart.com. If the $67.11 PT is reached, the company will be worth $885.60 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

About 336,311 shares traded. Republic Services, Inc. (NYSE:RSG) has risen 28.68% since June 16, 2016 and is uptrending. It has outperformed by 11.98% the S&P500.

Analysts expect Republic Services, Inc. (NYSE:RSG) to report $0.59 EPS on July, 27.They anticipate $0.04 EPS change or 7.27 % from last quarter’s $0.55 EPS. RSG’s profit would be $202.46M giving it 27.35 P/E if the $0.59 EPS is correct. After having $0.55 EPS previously, Republic Services, Inc.’s analysts see 7.27 % EPS growth.

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

Among 11 analysts covering Republic Services (NYSE:RSG), 4 have Buy rating, 0 Sell and 7 Hold. Therefore 36% are positive. Republic Services had 18 analyst reports since August 19, 2015 according to SRatingsIntel. Barclays Capital maintained Republic Services, Inc. (NYSE:RSG) rating on Tuesday, August 9. Barclays Capital has “Overweight” rating and $56 target. The company was downgraded on Wednesday, August 19 by Zacks. The firm earned “Neutral” rating on Tuesday, February 21 by Wedbush. The firm has “Buy” rating by Bank of America given on Sunday, November 8. The firm has “Neutral” rating given on Friday, November 6 by Credit Suisse. The stock of Republic Services, Inc. (NYSE:RSG) has “Overweight” rating given on Thursday, December 17 by JP Morgan. Barclays Capital initiated the shares of RSG in report on Thursday, October 22 with “Equal-Weight” rating. The company was upgraded on Tuesday, May 3 by Barclays Capital. The stock has “Buy” rating by Stifel Nicolaus on Monday, February 13. Argus Research initiated Republic Services, Inc. (NYSE:RSG) rating on Wednesday, May 18. Argus Research has “Hold” rating and $50 target.

More notable recent Republic Services, Inc. (NYSE:RSG) news were published by: Nasdaq.com which released: “3 Reasons to Add Republic Services (RSG) to Your Portfolio” on May 30, 2017, also Nasdaq.com with their article: “Republic Services Down to Hold on Competition, Margin Woes” published on May 24, 2017, Nasdaq.com published: “Republic Services (RSG) Hits 52-Week High on Core Focus” on June 05, 2017. More interesting news about Republic Services, Inc. (NYSE:RSG) were released by: Recyclingtoday.com and their article: “Alabama Coastal Foundation and Republic Services launch oyster recycling program” published on May 24, 2017 as well as Prnewswire.com‘s news article titled: “Waste Management Stocks on Investors’ Radar — Covanta, Darling Ingredients …” with publication date: May 25, 2017.

Republic Services, Inc. is a provider of non-hazardous solid waste collection, transfer, disposal, recycling and energy services. The company has market cap of $22.14 billion. The Company’s divisions include Group 1, Group 2 and Corporate entities. It has a 34.39 P/E ratio. The Company’s Group 1 and Group 2 divisions provide integrated waste management services.

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