CHURCHILL MANAGEMENT Corp Sells 5,499 Shares of Republic Services, Inc. (NYSE:RSG)

CHURCHILL MANAGEMENT Corp cut its position in Republic Services, Inc. (NYSE:RSG) by 1.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 382,615 shares of the business services provider’s stock after selling 5,499 shares during the quarter. Republic Services makes up 0.6% of CHURCHILL MANAGEMENT Corp’s investment portfolio, making the stock its 20th biggest holding. CHURCHILL MANAGEMENT Corp owned about 0.11% of Republic Services worth $25,869,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Patten Group Inc. lifted its position in Republic Services by 279.6% during the 3rd quarter. Patten Group Inc. now owns 18,789 shares of the business services provider’s stock worth $327,000 after acquiring an additional 13,839 shares during the period. Advisory Services Network LLC lifted its position in Republic Services by 6.3% during the 2nd quarter. Advisory Services Network LLC now owns 3,782 shares of the business services provider’s stock worth $241,000 after acquiring an additional 223 shares during the period. Royal Bank of Canada lifted its position in Republic Services by 11.0% during the 2nd quarter. Royal Bank of Canada now owns 1,230,173 shares of the business services provider’s stock worth $78,399,000 after acquiring an additional 121,632 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in Republic Services by 9.0% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 18,624 shares of the business services provider’s stock worth $1,230,000 after acquiring an additional 1,544 shares during the period. Finally, Mackenzie Financial Corp acquired a new stake in Republic Services during the 3rd quarter worth approximately $1,897,000. 59.68% of the stock is owned by hedge funds and other institutional investors.

In related news, CEO Donald W. Slager sold 98,132 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $64.19, for a total value of $6,299,093.08. Following the completion of the transaction, the chief executive officer now directly owns 322,541 shares of the company’s stock, valued at approximately $20,703,906.79. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Donald W. Slager sold 32,421 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $64.00, for a total value of $2,074,944.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 137,063 shares of company stock valued at $8,816,258. Company insiders own 0.40% of the company’s stock.

A number of analysts have weighed in on RSG shares. BMO Capital Markets reaffirmed a “buy” rating and set a $72.00 price objective on shares of Republic Services in a research report on Friday, October 13th. Zacks Investment Research raised Republic Services from a “hold” rating to a “buy” rating and set a $76.00 price objective for the company in a research report on Monday, January 22nd. Stifel Nicolaus raised Republic Services from a “hold” rating to a “buy” rating and increased their price objective for the stock from $70.00 to $73.00 in a research report on Thursday, January 4th. Finally, Credit Suisse Group cut their target price on Republic Services from $69.00 to $67.00 and set a “neutral” rating for the company in a research note on Monday, November 6th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $68.71.

Republic Services, Inc. (NYSE:RSG) opened at $68.24 on Friday. The stock has a market capitalization of $22,991.30, a P/E ratio of 28.66, a PEG ratio of 3.03 and a beta of 0.53. Republic Services, Inc. has a one year low of $57.31 and a one year high of $69.40. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.51 and a current ratio of 0.54.

Republic Services (NYSE:RSG) last issued its earnings results on Thursday, November 2nd. The business services provider reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.04. The business had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.54 billion. Republic Services had a return on equity of 10.58% and a net margin of 8.15%. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.62 EPS. research analysts anticipate that Republic Services, Inc. will post 2.4 earnings per share for the current year.

Republic Services declared that its board has authorized a stock repurchase plan on Thursday, November 2nd that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the business services provider to purchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

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About Republic Services

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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