Investors sold shares of Republic Services, Inc. (NYSE:RSG) on strength during trading hours on Monday. $17.10 million flowed into the stock on the tick-up and $34.52 million flowed out of the stock on the tick-down, for a money net flow of $17.42 million out of the stock. Of all stocks tracked, Republic Services had the 0th highest net out-flow for the day. Republic Services traded up $0.12 for the day and closed at $65.50

Several equities analysts have recently commented on RSG shares. Bank of America Corporation decreased their price objective on shares of Republic Services from $72.00 to $70.00 and set a “buy” rating on the stock in a report on Thursday, October 5th. Credit Suisse Group set a $69.00 price objective on shares of Republic Services and gave the stock a “hold” rating in a report on Saturday, July 29th. KeyCorp restated a “hold” rating on shares of Republic Services in a report on Thursday, August 24th. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Republic Services in a report on Friday, August 25th. Finally, Stifel Nicolaus lowered shares of Republic Services from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $76.00 to $70.00 in a report on Wednesday, October 4th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $66.25.

The firm has a market cap of $21.76 billion, a P/E ratio of 33.17 and a beta of 0.60. The stock has a 50 day moving average price of $65.05 and a 200-day moving average price of $64.25.

In other news, insider Donald W. Slager sold 22,608 shares of the business’s stock in a transaction 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 transaction, the insider now directly owns 246,617 shares of the company’s stock, valued at $16,289,052.85. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Jeffrey A. Hughes sold 6,329 shares of the business’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $66.50, for a total transaction of $420,878.50. Following the transaction, the executive vice president now directly owns 428 shares in the company, valued at $28,462. The disclosure for this sale can be found here. Over the last three months, insiders have sold 43,187 shares of company stock worth $2,854,922. Corporate insiders own 0.40% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. lifted its position 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 in the last quarter. Vanguard Group Inc. lifted its position 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 in the last quarter. JPMorgan Chase & Co. lifted its position 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 in the last quarter. Wells Fargo & Company MN lifted its position 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 in the last quarter. Finally, Janus Henderson Group PLC lifted its position in shares of Republic Services by 13,584.4% during the second quarter. Janus Henderson Group PLC now owns 3,744,875 shares of the business services provider’s stock worth $238,663,000 after purchasing an additional 3,717,509 shares in the last quarter. 60.65% of the stock is currently owned by institutional investors and hedge funds.

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Republic Services Company 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.

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