Thompson Davis & CO. Inc. Sells 4,101 Shares of Republic Services, Inc. (RSG)

Thompson Davis & CO. Inc. lowered its position in shares of Republic Services, Inc. (NYSE:RSG) by 47.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,500 shares of the business services provider’s stock after selling 4,101 shares during the quarter. Thompson Davis & CO. Inc.’s holdings in Republic Services were worth $297,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in RSG. Cambridge Investment Research Advisors Inc. raised its position in shares of Republic Services by 0.3% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 4,821 shares of the business services provider’s stock worth $307,000 after purchasing an additional 16 shares during the last quarter. MUFG Americas Holdings Corp raised its position in shares of Republic Services by 0.4% in the 2nd quarter. MUFG Americas Holdings Corp now owns 4,971 shares of the business services provider’s stock worth $317,000 after purchasing an additional 20 shares during the last quarter. Blue Chip Partners Inc. raised its position in shares of Republic Services by 0.5% in the 2nd quarter. Blue Chip Partners Inc. now owns 4,763 shares of the business services provider’s stock worth $304,000 after purchasing an additional 25 shares during the last quarter. Pinnacle Financial Partners Inc. raised its position in shares of Republic Services by 1.9% in the 2nd quarter. Pinnacle Financial Partners Inc. now owns 3,293 shares of the business services provider’s stock worth $210,000 after purchasing an additional 60 shares during the last quarter. Finally, Ameritas Investment Partners Inc. raised its position in shares of Republic Services by 1.5% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,383 shares of the business services provider’s stock worth $342,000 after purchasing an additional 78 shares during the last quarter. 60.65% of the stock is owned by institutional investors and hedge funds.

Several equities analysts have recently issued reports on RSG shares. Bank of America Corporation lowered their price target on Republic Services from $72.00 to $70.00 and set a “buy” rating for the company in a research report on Thursday, October 5th. Credit Suisse Group set a $69.00 price target on Republic Services and gave the stock a “hold” rating in a research report on Saturday, July 29th. KeyCorp reaffirmed a “hold” rating on shares of Republic Services in a research report on Thursday, August 24th. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Republic Services in a research report on Friday, August 25th. Finally, Stifel Nicolaus lowered Republic Services from a “buy” rating to a “hold” rating and lowered their price target for the stock from $76.00 to $70.00 in a research report on Wednesday, October 4th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. Republic Services has a consensus rating of “Hold” and an average target price of $68.29.

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In other news, EVP Jeffrey A. Hughes sold 6,329 shares of the firm’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $66.50, for a total value of $420,878.50. Following the completion of the transaction, the executive vice president now directly owns 428 shares in the company, valued at $28,462. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Donald W. Slager sold 22,608 shares of the firm’s stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $66.05, for a total value of $1,493,258.40. Following the completion of the transaction, the insider now owns 246,617 shares of the company’s stock, valued at $16,289,052.85. The disclosure for this sale can be found here. Over the last quarter, insiders sold 43,187 shares of company stock valued at $2,854,922. 0.40% of the stock is currently owned by company insiders.

Republic Services Company 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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