Republic Services, Inc. (RSG) Position Increased by Edgestream Partners L.P.

Edgestream Partners L.P. increased its stake in Republic Services, Inc. (NYSE:RSG) by 91.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,606 shares of the business services provider’s stock after purchasing an additional 6,484 shares during the period. Edgestream Partners L.P.’s holdings in Republic Services were worth $899,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its stake in Republic Services by 6.4% in the 2nd quarter. BlackRock Inc. now owns 20,282,248 shares of the business services provider’s stock worth $1,292,589,000 after purchasing an additional 1,223,613 shares in the last quarter. Vanguard Group Inc. boosted its stake in Republic Services by 2.2% in the 2nd quarter. Vanguard Group Inc. now owns 19,214,975 shares of the business services provider’s stock worth $1,224,571,000 after purchasing an additional 418,797 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Republic Services by 6.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 6,809,989 shares of the business services provider’s stock worth $434,002,000 after purchasing an additional 388,147 shares in the last quarter. Wells Fargo & Company MN boosted its stake in Republic Services by 8.3% in the 2nd quarter. Wells Fargo & Company MN now owns 5,087,694 shares of the business services provider’s stock worth $324,239,000 after purchasing an additional 391,482 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its stake in Republic Services by 13,584.4% in the 2nd quarter. Janus Henderson Group PLC now owns 3,744,875 shares of the business services provider’s stock worth $238,663,000 after purchasing an additional 3,717,509 shares in the last quarter. Institutional investors own 60.65% of the company’s stock.

In other Republic Services news, insider Donald W. Slager sold 22,608 shares of the business’s stock in a transaction on Friday, September 29th. The stock was sold at an average price of $66.05, for a total transaction of $1,493,258.40. Following the completion of the transaction, the insider now owns 246,617 shares in the company, valued at approximately $16,289,052.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Catharine D. Ellingsen sold 14,250 shares of the business’s stock in a transaction on Friday, September 29th. The stock was sold at an average price of $66.02, for a total value of $940,785.00. Following the transaction, the executive vice president now owns 8,007 shares of the company’s stock, valued at approximately $528,622.14. The disclosure for this sale can be found here. Over the last three months, insiders sold 43,187 shares of company stock worth $2,854,922. 0.40% of the stock is owned by corporate insiders.

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A number of research firms recently commented on RSG. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Republic Services in a research note on Friday, August 25th. Zacks Investment Research cut shares of Republic Services from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Stifel Nicolaus cut shares of Republic Services from a “buy” rating to a “hold” rating and decreased their price objective for the company from $76.00 to $70.00 in a research note on Wednesday, October 4th. BMO Capital Markets restated a “buy” rating and set a $72.00 price objective on shares of Republic Services in a research note on Friday, October 13th. Finally, BidaskClub cut shares of Republic Services from a “hold” rating to a “sell” rating in a research note on Thursday, August 17th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. Republic Services presently has a consensus rating of “Hold” and a consensus target price of $68.29.

Republic Services Profile

Republic Services, Inc is a provider of non-hazardous solid waste collection, transfer, disposal, recycling and energy services. The Company’s segments include Group 1, Group 2 and Corporate entities. Its Group 1 and Group 2 segments provide integrated waste management services. Group 1 consists of geographic areas located in the western and portions of the mid-western United States.

Institutional Ownership by Quarter for Republic Services (NYSE:RSG)

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