Three Peaks Capital Management LLC Has Decreased Republic Svcs INC (RSG) Holding as Valuation Rose

July 16, 2018 - By Pearl Odom

Republic Services, Inc. (NYSE:RSG) LogoInvestors sentiment decreased to 0.87 in Q1 2018. Its down 0.06, from 0.93 in 2017Q4. It dived, as 41 investors sold RSG shares while 203 reduced holdings. 63 funds opened positions while 149 raised stakes. 191.63 million shares or 1.79% less from 195.12 million shares in 2017Q4 were reported. Oxbow Advsrs Ltd Company has invested 0.1% in Republic Services, Inc. (NYSE:RSG). Stevens Management LP accumulated 143,502 shares. Ledyard Comml Bank holds 0% in Republic Services, Inc. (NYSE:RSG) or 400 shares. Wealthfront reported 0.01% stake. Sei Invests, Pennsylvania-based fund reported 459,327 shares. Moreover, Ameriprise Fin Inc has 0.02% invested in Republic Services, Inc. (NYSE:RSG). Zeke Cap Advsrs Ltd Liability Corp reported 0.31% in Republic Services, Inc. (NYSE:RSG). Peak6 Invs Limited Partnership owns 34,311 shares. First Republic Invest stated it has 0.02% in Republic Services, Inc. (NYSE:RSG). First Quadrant Lp Ca invested in 64,466 shares or 0.08% of the stock. Vident Investment Advisory Ltd Liability Com holds 8,135 shares. M&R Cap holds 0.03% or 2,206 shares. Mitsubishi Ufj Trust & accumulated 709,759 shares or 0.08% of the stock. Comm Bancorp holds 36,058 shares or 0.03% of its portfolio. Pittenger & Anderson holds 40,000 shares.

Since January 23, 2018, it had 0 insider buys, and 6 insider sales for $3.33 million activity. $540,836 worth of stock was sold by RODRIGUEZ RAMON A on Friday, February 23. On Thursday, March 8 the insider Collins Tomago sold $305,770. 1,220 Republic Services, Inc. (NYSE:RSG) shares with value of $83,033 were sold by GOEBEL BRIAN A. Another trade for 9,236 shares valued at $632,192 was sold by Vander Ark Jon. The insider Hughes Jeffrey A sold 16,200 shares worth $1.10 million.

Three Peaks Capital Management Llc decreased its stake in Republic Svcs Inc (RSG) by 27.97% based on its latest 2018Q1 regulatory filing with the SEC. Three Peaks Capital Management Llc sold 64,040 shares as the company’s stock rose 1.07% while stock markets declined. The institutional investor held 164,938 shares of the public utilities company at the end of 2018Q1, valued at $10.92 million, down from 228,978 at the end of the previous reported quarter. Three Peaks Capital Management Llc who had been investing in Republic Svcs Inc for a number of months, seems to be less bullish one the $22.81 billion market cap company. The stock decreased 0.83% or $0.5822 during the last trading session, reaching $69.5578. About 428,954 shares traded. Republic Services, Inc. (NYSE:RSG) has risen 7.75% since July 16, 2017 and is uptrending. It has underperformed by 4.82% the S&P500.

Analysts await Republic Services, Inc. (NYSE:RSG) to report earnings on July, 26 after the close. They expect $0.79 EPS, up 29.51 % or $0.18 from last year’s $0.61 per share. RSG’s profit will be $259.06 million for 22.01 P/E if the $0.79 EPS becomes a reality. After $0.74 actual EPS reported by Republic Services, Inc. for the previous quarter, Wall Street now forecasts 6.76 % EPS growth.

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

Among 6 analysts covering Republic Services (NYSE:RSG), 5 have Buy rating, 0 Sell and 1 Hold. Therefore 83% are positive. Republic Services had 7 analyst reports since January 22, 2018 according to SRatingsIntel. The stock of Republic Services, Inc. (NYSE:RSG) has “Neutral” rating given on Monday, February 12 by Credit Suisse. Bank of America maintained Republic Services, Inc. (NYSE:RSG) rating on Monday, February 5. Bank of America has “Buy” rating and $73 target. Argus Research upgraded the shares of RSG in report on Thursday, May 10 to “Buy” rating. The rating was downgraded by Raymond James on Wednesday, April 11 to “Outperform”. The company was maintained on Monday, January 22 by BMO Capital Markets. As per Friday, February 9, the company rating was maintained by BMO Capital Markets.

Republic Services, Inc. (NYSE:RSG) Institutional Positions Chart

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