The stock of Republic Services, Inc. (NYSE:RSG) reached all time high today, Nov, 22 and still has $59.25 target or 7.00% above today’s $55.37 share price. This indicates more upside for the $18.80 billion company. This technical setup was reported by Barchart.com. If the $59.25 PT is reached, the company will be worth $1.32B more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 742,307 shares traded hands. Republic Services, Inc. (NYSE:RSG) has risen 19.86% since April 20, 2016 and is uptrending. It has outperformed by 15.30% 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. The rating was initiated by Credit Suisse with “Neutral” on Friday, November 6. Zacks downgraded Republic Services, Inc. (NYSE:RSG) on Wednesday, August 19 to “Buy” rating. The company was initiated on Wednesday, May 18 by Argus Research. The rating was initiated by Macquarie Research on Friday, August 26 with “Neutral”. On Sunday, November 8 the stock rating was initiated by Bank of America with “Buy”. The company was downgraded on Thursday, August 27 by Zacks. As per Tuesday, May 3, the company rating was upgraded by Barclays Capital. On Tuesday, August 9 the stock rating was maintained by Barclays Capital with “Overweight”. JP Morgan initiated the stock with “Overweight” rating in Thursday, December 17 report. The stock has “Outperform” rating given by Imperial Capital on Monday, November 2.
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 decreased to 0.95 in 2016 Q2. Its down 0.29, from 1.24 in 2016Q1. The ratio fall, 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.
Verition Fund Ltd Liability Com owns 16,029 shares or 0.1% of their US portfolio. Neuberger Berman Limited Liability Corp owns 44,198 shares or 0% of their US portfolio. Cibc Ww Markets Incorporated owns 21,952 shares or 0% of their US portfolio. Exxonmobil Inv Management Tx has 61,423 shares for 0.07% of their US portfolio. The New York-based Ogorek Anthony Joseph New York Adv has invested 0% in Republic Services, Inc. (NYSE:RSG). Independent Portfolio Consultants holds 0.13% or 8,007 shares in its portfolio. Td Asset has invested 0.08% of its portfolio in Republic Services, Inc. (NYSE:RSG). Gulf Interest National Bank & Trust (Uk) Limited holds 72,995 shares or 0.06% of its portfolio. Eqis Capital Mgmt Inc has 0.37% invested in the company for 105,459 shares. Martingale Asset Ltd Partnership accumulated 0.49% or 582,313 shares. Davy Asset Mgmt Limited has 0.22% invested in the company for 20,970 shares. Wallace Capital Management reported 163,098 shares or 1.39% of all its holdings. Great Lakes Advsrs Lc has 0.07% invested in the company for 51,008 shares. Chevy Chase Tru Holdg owns 203,132 shares or 0.06% of their US portfolio. Employees Retirement Association Of Colorado accumulated 0.02% or 49,902 shares.
Insider Transactions: Since June 10, 2016, the stock had 0 buys, and 5 insider sales for $13.20 million net activity. On Friday, October 28 the insider SLAGER DONALD W sold $8.56M. GOEBEL BRIAN A also sold $192,155 worth of Republic Services, Inc. (NYSE:RSG) on Thursday, June 30. On Friday, June 10 the insider Rissman Michael P sold $3.05M.
More notable recent Republic Services, Inc. (NYSE:RSG) news were published by: Forbes.com which released: “Republic Services Reaches Analyst Target Price” on November 22, 2016, also Prnewswire.com with their article: “Republic Services Honored With Excellence Award for Landfill Gas Utilization” published on November 18, 2016, Fool.com published: “Republic Services, Inc. Continues Its Slow and Steady Pace” on October 28, 2016. More interesting news about Republic Services, Inc. (NYSE:RSG) were released by: Prnewswire.com and their article: “Republic Services Named to Prestigious CDP Climate A List” published on November 10, 2016 as well as Csrwire.com‘s news article titled: “Republic Services Honored by Washington Secretary of State Kim Wyman with 2016 …” with publication date: November 22, 2016.
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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