The stock of Republic Services, Inc. (NYSE:RSG) hit a new 52-week high and has $75.14 target or 38.00% above today’s $54.45 share price. The 8 months bullish chart indicates low risk for the $18.79B company. The 1-year high was reported on Nov, 16 by Barchart.com. If the $75.14 price target is reached, the company will be worth $7.14 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 262,243 shares traded hands. Republic Services, Inc. (NYSE:RSG) has risen 19.53% since April 14, 2016 and is uptrending. It has outperformed by 14.84% the S&P500.
Republic Services, Inc. (NYSE:RSG) Ratings Coverage
Out of 9 analysts covering Republic Services (NYSE:RSG), 4 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 44% are positive. Republic Services has been the topic of 14 analyst reports since August 19, 2015 according to StockzIntelligence Inc. Goldman Sachs initiated it with “Neutral” rating and $52 target price in Tuesday, November 1 report. The company was downgraded on Thursday, August 27 by Zacks. Barclays Capital maintained the stock with “Overweight” rating in Tuesday, August 9 report. On Wednesday, May 18 the stock rating was initiated by Argus Research with “Hold”. Barclays Capital initiated Republic Services, Inc. (NYSE:RSG) rating on Thursday, October 22. Barclays Capital has “Equal-Weight” rating and $44 price target. The rating was initiated by Credit Suisse on Friday, November 6 with “Neutral”. The firm has “Buy” rating by Bank of America given on Sunday, November 8. The firm earned “Neutral” rating on Tuesday, March 22 by Sterne Agee CRT. The rating was initiated by Bank of America on Friday, November 6 with “Buy”. The rating was downgraded by Zacks on Wednesday, August 19 to “Buy”.
According to Zacks Investment Research, “Republic Services, Inc., is a leading provider of services in the domestic non-hazardous solid waste industry. They provide non-hazardous solid waste collection services for commercial, industrial, municipal and residential customers through their collection companies. They also own or operate transfer stations and solid waste landfills.”
Insitutional Activity: The institutional sentiment increased to 1.24 in 2016 Q2. Its up 0.13, from 1.11 in 2016Q1. The ratio improved, as 34 funds sold all Republic Services, Inc. shares owned while 160 reduced positions. 47 funds bought stakes while 194 increased positions. They now own 202.99 million shares or 4.81% less from 213.26 million shares in 2016Q1.
Exxonmobil Mngmt Inc Tx, a Texas-based fund reported 61,423 shares. Royal Natl Bank Of Scotland Gru Pcl accumulated 16,782 shares or 0.22% of the stock. Gemmer Asset Mgmt Ltd Company owns 189 shares or 0.01% of their US portfolio. Schroder Inv Grp accumulated 0.04% or 340,248 shares. Verition Fund Ltd Liability owns 16,029 shares or 0.1% of their US portfolio. Hanson Doremus Management reported 837 shares or 0.02% of all its holdings. Moreover, Dnb Asset As has 0% invested in Republic Services, Inc. (NYSE:RSG) for 22,783 shares. Delta Lloyd Nv, a Netherlands-based fund reported 13,884 shares. Signaturefd Limited Liability, a Georgia-based fund reported 725 shares. Axa, a France-based fund reported 1.64 million shares. Westpac Corp has 0% invested in the company for 73,481 shares. Paradigm Asset Management Limited, a New York-based fund reported 102,855 shares. Tower Cap Limited Liability (Trc) holds 5,675 shares or 0.03% of its portfolio. Sigma Planning holds 0.05% of its portfolio in Republic Services, Inc. (NYSE:RSG) for 6,861 shares. Diam Limited holds 81,082 shares or 0.06% of its portfolio.
Insider Transactions: Since June 10, 2016, the stock had 0 insider buys, and 5 insider sales for $13.20 million net activity. SLAGER DONALD W sold $1.31M worth of stock or 26,000 shares. $88,310 worth of Republic Services, Inc. (NYSE:RSG) was sold by GOEBEL BRIAN A on Tuesday, July 5. Shares for $3.05 million were sold by Rissman Michael P on Friday, June 10.
More recent Republic Services, Inc. (NYSE:RSG) news were published by: Prnewswire.com which released: “Republic Services Named to Prestigious CDP Climate A List” on November 10, 2016. Also Fool.com published the news titled: “Republic Services, Inc. Continues Its Slow and Steady Pace” on October 28, 2016. Zacks.com‘s news article titled: “Republic Services Hits 52-Week High on Solid Q3 Results” with publication date: November 16, 2016 was also an interesting one.
RSG Company Profile
Republic Services, Inc., incorporated on December 20, 1996, is a well-known provider of non-hazardous solid waste collection, transfer, disposal, recycling and energy services in the United States. The Firm operates through three divisions: East, Central and West. The Firm operates in over 40 states and Puerto Rico through approximately 340 collection operations, over 200 transfer stations, over 190 active landfills, approximately 70 recycling centers, approximately 10 treatment, recovery and disposal facilities, and over 10 salt water disposal wells. It also operates approximately 70 landfill gas and renewable energy projects. It has post-closure responsibility for approximately 130 closed landfills.
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