It Seems Republic Services Inc (NYSE:RSG) Will Go Up. Just Reported Less Shorted Shares

July 27, 2018 - By Matthew Richard

Republic Services, Inc. (NYSE:RSG) Logo

Investors sentiment decreased to 0.87 in 2018 Q1. Its down 0.06, from 0.93 in 2017Q4. It turned negative, as 41 investors sold Republic Services, Inc. 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.
Lmr Ltd Liability Partnership holds 0.09% or 12,440 shares in its portfolio. 17,300 are held by South Dakota Inv Council. Gam Ag invested 0.08% in Republic Services, Inc. (NYSE:RSG). Nippon Life Glob Americas accumulated 45,640 shares or 0.25% of the stock. Credit Suisse Ag has invested 0.07% in Republic Services, Inc. (NYSE:RSG). Toronto Dominion Bank & Trust has 0.02% invested in Republic Services, Inc. (NYSE:RSG) for 126,270 shares. Farmers Commercial Bank accumulated 0.08% or 1,996 shares. Ogorek Anthony Joseph Adv, a New York-based fund reported 100 shares. Capital Fund Management Sa has invested 0.02% in Republic Services, Inc. (NYSE:RSG). Focused Wealth Mgmt stated it has 2,950 shares. State Street Corporation, Massachusetts-based fund reported 10.12M shares. Ny State Common Retirement Fund reported 0.05% of its portfolio in Republic Services, Inc. (NYSE:RSG). Credit Agricole S A invested in 0.6% or 134,271 shares. Sandler Management reported 108,080 shares stake. Fenimore Asset reported 134,354 shares.

Since February 23, 2018, it had 0 insider buys, and 5 insider sales for $3.25 million activity. Vander Ark Jon had sold 9,236 shares worth $632,192. The insider RODRIGUEZ RAMON A sold $540,836. $305,770 worth of Republic Services, Inc. (NYSE:RSG) was sold by Collins Tomago on Thursday, March 8. Shares for $665,000 were sold by Serianni Charles F.

The stock of Republic Services Inc (NYSE:RSG) registered a decrease of 11.56% in short interest. RSG’s total short interest was 5.43M shares in July as published by FINRA. Its down 11.56% from 6.14M shares, reported previously. With 1.37 million shares average volume, it will take short sellers 4 days to cover their RSG’s short positions. The short interest to Republic Services Inc’s float is 2.41%.

The stock increased 0.72% or $0.51 during the last trading session, reaching $71.1. About 2.12 million shares traded or 51.59% up from the average. Republic Services, Inc. (NYSE:RSG) has risen 7.75% since July 27, 2017 and is uptrending. It has underperformed by 4.82% the S&P500.

Republic Services, Inc., together with its subsidiaries, provides non-hazardous solid waste collection, transfer, recycling, disposal, and energy services for commercial, industrial, municipal, and residential clients in the United States and Puerto Rico. The company has market cap of $23.32 billion. The companyÂ’s collection services include curbside collection of waste; supply of waste containers; and renting of compactors. It has a 18 P/E ratio. It is also involved in the processing and sale of old corrugated cardboard, old newspapers, aluminum, glass, and other materials; and provision of landfill services.

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 has $78 highest and $64 lowest target. $71.25’s average target is 0.21% above currents $71.1 stock price. Republic Services had 6 analyst reports since February 5, 2018 according to SRatingsIntel. The firm has “Buy” rating by Argus Research given on Thursday, May 10. As per Monday, February 12, the company rating was maintained by Credit Suisse. On Monday, February 5 the stock rating was maintained by Bank of America with “Buy”. The company was downgraded on Wednesday, April 11 by Raymond James. The firm has “Outperform” rating by BMO Capital Markets given on Friday, February 9.

More news for Republic Services, Inc. (NYSE:RSG) were recently published by: Benzinga.com, which released: “Earnings Scheduled For July 26, 2018” on July 26, 2018. Seekingalpha.com‘s article titled: “Republic Services (RSG) Q2 2018 Results – Earnings Call Transcript” and published on July 27, 2018 is yet another important article.

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

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