How Analysts Feel About Republic Services, Inc. After Today’s Bearish Options Activity?

 How Analysts Feel About Republic Services, Inc. After Today's Bearish Options Activity?

In today’s session Republic Services, Inc. (RSG) recorded an unusually high (288) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious RSG decrease. With 288 contracts traded and 2944 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: RSG170120P00055000 closed last at: $1.15 or 14.8% down. The stock decreased 0.45% or $0.25 on November 23, hitting $55.18. It is down 20.64% since April 22, 2016 and is uptrending. It has outperformed by 15.23% the S&P500.

Analysts await Republic Services, Inc. (NYSE:RSG) to report earnings on February, 9. They expect $0.55 earnings per share, up 10.00% or $0.05 from last year’s $0.5 per share. RSG’s profit will be $187.29 million for 25.08 P/E if the $0.55 EPS becomes a reality. After $0.62 actual earnings per share reported by Republic Services, Inc. for the previous quarter, Wall Street now forecasts -11.29% negative EPS growth.

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. Sterne Agee CRT initiated Republic Services, Inc. (NYSE:RSG) on Tuesday, March 22 with “Neutral” rating. Zacks downgraded Republic Services, Inc. (NYSE:RSG) on Wednesday, August 19 to “Buy” rating. Barclays Capital maintained the shares of RSG in a report on Tuesday, August 9 with “Overweight” rating. The firm earned “Hold” rating on Wednesday, May 18 by Argus Research. The stock has “Buy” rating given by Bank of America on Sunday, November 8. The firm has “Neutral” rating given on Friday, November 6 by Credit Suisse. On Friday, August 26 the stock rating was initiated by Macquarie Research with “Neutral”. The stock of Republic Services, Inc. (NYSE:RSG) has “Buy” rating given on Friday, November 6 by Bank of America. On Thursday, August 27 the stock rating was downgraded by Zacks to “Buy”. The firm has “Outperform” rating by Imperial Capital given 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.
Mizuho Trust And last reported 376,879 shares in the company. Blackrock Institutional Co Na holds 0.06% of its portfolio in Republic Services, Inc. (NYSE:RSG) for 7.74 million shares. Moreover, Lpl Ltd Liability has 0.01% invested in Republic Services, Inc. (NYSE:RSG) for 14,771 shares. Great Lakes Limited Liability Company, a Illinois-based fund reported 51,008 shares. Vident Investment Advisory Limited Company reported 49,178 shares or 0.35% of all its holdings. Paloma Ptnrs Management last reported 0% of its portfolio in the stock. Shinko Asset Mgmt last reported 618 shares in the company. Ny State Common Retirement Fund holds 604,513 shares or 0.05% of its portfolio. First Republic Invest Mgmt last reported 7,494 shares in the company. Sunbelt Inc reported 109 shares or 0% of all its holdings. First Midwest Comml Bank Tru Division holds 8,226 shares or 0.05% of its portfolio. Euclid Advisors Ltd Llc owns 111,034 shares or 0.25% of their US portfolio. Tower Limited Liability Company (Trc) holds 0.03% or 5,675 shares in its portfolio. Ingalls & Snyder Limited Liability Corporation last reported 30,151 shares in the company. The California-based Primecap Mgmt Com Ca has invested 0.02% in Republic Services, Inc. (NYSE:RSG).

Insider Transactions: Since June 10, 2016, the stock had 0 insider buys, and 5 sales for $13.20 million net activity. SLAGER DONALD W also sold $8.56M worth of Republic Services, Inc. (NYSE:RSG) shares. 1,695 shares were sold by GOEBEL BRIAN A, worth $88,310 on Tuesday, July 5. Shares for $3.05 million were sold by Rissman Michael P on Friday, June 10.

Republic Services, Inc. is a provider of non-hazardous solid waste collection, transfer, disposal, recycling and energy services in the United States. The company has a market cap of $18.79 billion. The Firm operates through three divisions: East, Central and West. It has a 32.08 P/E ratio. 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.

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.

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 by Washington Secretary of State Kim Wyman with 2016 …” 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 Prnewswire.com‘s news article titled: “Republic Services Honored With Excellence Award for Landfill Gas Utilization” with publication date: November 18, 2016.

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