Republic Services, Inc. (NYSE:RSG) Shares Sold by Cornerstone Capital Management Holdings LLC.

Cornerstone Capital Management Holdings LLC. lessened its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 40.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 40,013 shares of the business services provider’s stock after selling 27,255 shares during the period. Cornerstone Capital Management Holdings LLC.’s holdings in Republic Services were worth $2,549,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the company. BlackRock Inc. lifted its holdings in shares of Republic Services by 6.4% during the second quarter. BlackRock Inc. now owns 20,282,248 shares of the business services provider’s stock worth $1,292,589,000 after purchasing an additional 1,223,613 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Republic Services by 2.2% during the second quarter. Vanguard Group Inc. now owns 19,214,975 shares of the business services provider’s stock worth $1,224,571,000 after purchasing an additional 418,797 shares during the period. State Street Corp lifted its holdings in shares of Republic Services by 4.5% during the first quarter. State Street Corp now owns 11,649,668 shares of the business services provider’s stock worth $731,866,000 after purchasing an additional 501,491 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Republic Services by 6.0% during the second quarter. JPMorgan Chase & Co. now owns 6,809,989 shares of the business services provider’s stock worth $434,002,000 after purchasing an additional 388,147 shares during the period. Finally, Wells Fargo & Company MN lifted its holdings in shares of Republic Services by 8.3% during the second quarter. Wells Fargo & Company MN now owns 5,087,694 shares of the business services provider’s stock worth $324,239,000 after purchasing an additional 391,482 shares during the period. Institutional investors own 60.55% of the company’s stock.

Republic Services, Inc. (RSG) traded up 0.20% during midday trading on Friday, hitting $65.50. 183,397 shares of the stock traded hands. Republic Services, Inc. has a 52 week low of $50.75 and a 52 week high of $67.18. The stock’s 50-day moving average price is $65.04 and its 200-day moving average price is $64.17. The stock has a market capitalization of $22.06 billion, a P/E ratio of 33.62 and a beta of 0.60.

Republic Services (NYSE:RSG) last announced its quarterly earnings results on Thursday, July 27th. The business services provider reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.02. Republic Services had a net margin of 6.86% and a return on equity of 10.42%. The firm had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.47 billion. During the same period in the previous year, the business posted $0.55 earnings per share. The business’s revenue for the quarter was up 7.5% on a year-over-year basis. Equities research analysts expect that Republic Services, Inc. will post $2.38 EPS for the current fiscal year.

In related news, EVP Catharine D. Ellingsen sold 14,250 shares of the business’s stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $66.02, for a total transaction of $940,785.00. Following the completion of the sale, the executive vice president now directly owns 8,007 shares in the company, valued at $528,622.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Donald W. Slager sold 22,608 shares of the business’s stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $66.05, for a total transaction of $1,493,258.40. Following the sale, the insider now owns 246,617 shares of the company’s stock, valued at $16,289,052.85. The disclosure for this sale can be found here. Insiders sold 43,187 shares of company stock valued at $2,854,922 over the last quarter. Company insiders own 0.40% of the company’s stock.

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Several equities analysts recently issued reports on RSG shares. BidaskClub lowered shares of Republic Services from a “hold” rating to a “sell” rating in a report on Thursday, August 17th. Barclays PLC restated a “neutral” rating on shares of Republic Services in a report on Friday, July 28th. Zacks Investment Research upgraded shares of Republic Services from a “hold” rating to a “buy” rating and set a $72.00 target price on the stock in a report on Friday, July 14th. BMO Capital Markets boosted their target price on shares of Republic Services from $71.00 to $72.00 and gave the company an “outperform” rating in a report on Friday, July 28th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $73.00 target price on shares of Republic Services in a report on Wednesday, July 19th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $66.25.

Republic Services Profile

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.

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

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