Hartford Investment Management Co. Cuts Stock Holdings in Republic Services, Inc. (NYSE:RSG)

Hartford Investment Management Co. decreased its holdings in Republic Services, Inc. (NYSE:RSG) by 2.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,863 shares of the business services provider’s stock after selling 294 shares during the quarter. Hartford Investment Management Co.’s holdings in Republic Services were worth $2,583,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the stock. Wolff Wiese Magana LLC grew its holdings in shares of Republic Services by 351.6% during the 3rd quarter. Wolff Wiese Magana LLC now owns 140 shares of the business services provider’s stock worth $28,000 after acquiring an additional 109 shares during the period. EntryPoint Capital LLC purchased a new stake in shares of Republic Services in the 1st quarter worth about $29,000. Webster Bank N. A. bought a new position in shares of Republic Services in the 3rd quarter worth about $31,000. Itau Unibanco Holding S.A. purchased a new position in Republic Services during the 2nd quarter valued at about $36,000. Finally, Indiana Trust & Investment Management CO purchased a new stake in Republic Services in the second quarter worth about $45,000. 57.73% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

RSG has been the topic of several recent research reports. Robert W. Baird upped their price target on Republic Services from $208.00 to $210.00 and gave the stock a “neutral” rating in a research note on Thursday, July 25th. StockNews.com lowered Republic Services from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 1st. William Blair began coverage on Republic Services in a report on Thursday, October 3rd. They set an “outperform” rating on the stock. Stifel Nicolaus lifted their price objective on Republic Services from $215.00 to $230.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Finally, Oppenheimer boosted their target price on Republic Services from $210.00 to $219.00 and gave the stock an “outperform” rating in a research report on Monday. Nine analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $212.18.

Insider Activity

In related news, Director Tomago Collins sold 3,200 shares of the stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $203.01, for a total transaction of $649,632.00. Following the completion of the sale, the director now owns 17,486 shares in the company, valued at approximately $3,549,832.86. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.09% of the company’s stock.

Republic Services Price Performance

NYSE RSG opened at $201.53 on Friday. The stock has a market cap of $63.29 billion, a price-to-earnings ratio of 33.76, a PEG ratio of 3.27 and a beta of 0.69. Republic Services, Inc. has a 12 month low of $143.55 and a 12 month high of $208.69. The company’s 50 day moving average is $204.11 and its two-hundred day moving average is $196.23. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.05.

Republic Services (NYSE:RSG) last released its earnings results on Wednesday, July 24th. The business services provider reported $1.61 earnings per share for the quarter, beating analysts’ consensus estimates of $1.53 by $0.08. Republic Services had a net margin of 12.11% and a return on equity of 17.81%. The company had revenue of $4.05 billion for the quarter, compared to analysts’ expectations of $4.03 billion. As a group, research analysts anticipate that Republic Services, Inc. will post 6.18 earnings per share for the current year.

Republic Services Company Profile

Republic Services, Inc, together with its subsidiaries, offers environmental services in the United States and Canada. It is involved in the collection and processing of recyclable, solid waste, and industrial waste materials; transportation and disposal of non-hazardous and hazardous waste streams; and other environmental solutions.