Republic Services, Inc. (RSG) Reaches $69.11 52-Week High; Riverpark Advisors Has Increased Equinix (EQIX) Position

June 13, 2018 - By Sherry Myers

Equinix, Inc. (NASDAQ:REIT) Logo

The stock of Republic Services, Inc. (NYSE:RSG) hit a new 52-week high and has $71.87 target or 4.00% above today’s $69.11 share price. The 8 months bullish chart indicates low risk for the $22.66 billion company. The 1-year high was reported on Jun, 13 by Barchart.com. If the $71.87 price target is reached, the company will be worth $906.52 million more. The stock decreased 0.43% or $0.3 during the last trading session, reaching $69.11. About 292,921 shares traded. Republic Services, Inc. (NYSE:RSG) has risen 7.75% since June 13, 2017 and is uptrending. It has underperformed by 4.82% the S&P500. Some Historical RSG News: ; 02/05/2018 – REPUBLIC SERVICES 1Q ADJ EPS 74C, EST. 68C; 02/05/2018 – Republic Services 1Q Rev $2.43B; 20/04/2018 – Republic Services Closes Below 200-Day Moving Average; 07/05/2018 – REPUBLIC SERVICES TO Baa2 FROM Baa3 BY MOODY’S, OUTLOOK STABLE; 11/04/2018 – Republic Services Closes Below 50-Day Moving Average; 15/03/2018 Teamsters Local 284 Files Lawsuit Against Republic Services For Wage Violations; 07/05/2018 – Moody’s Upgrades Republic Services’ Senior Unsecured Rating To Baa2; Outlook To Stable; 13/04/2018 – Newman Ferrara LLP Announces Corporate Governance Investigation of Republic Services, Inc. – RSG; 26/03/2018 – The City Of Maywood Files Lawsuit Against Its Contracted Waste Hauler Consolidated Disposal Service, LLC And Republic Services,; 03/05/2018 – FITCH RTS REPUBLIC SERVICES’ PROPOSED 10-YEAR SR UNSEC NTS

Riverpark Advisors Llc increased Equinix Inc (EQIX) stake by 40.25% reported in 2018Q1 SEC filing. Riverpark Advisors Llc acquired 3,997 shares as Equinix Inc (EQIX)’s stock declined 1.56%. The Riverpark Advisors Llc holds 13,927 shares with $5.82 million value, up from 9,930 last quarter. Equinix Inc now has $32.13B valuation. The stock decreased 0.24% or $0.98 during the last trading session, reaching $404.35. About 73,195 shares traded. Equinix, Inc. (NASDAQ:EQIX) has declined 12.79% since June 13, 2017 and is downtrending. It has underperformed by 25.36% the S&P500.

Among 16 analysts covering Republic Services (NYSE:RSG), 8 have Buy rating, 0 Sell and 8 Hold. Therefore 50% are positive. Republic Services had 43 analyst reports since August 19, 2015 according to SRatingsIntel. The company was maintained on Thursday, October 12 by KeyBanc Capital Markets. The firm has “Neutral” rating by Credit Suisse given on Monday, November 6. The rating was maintained by Oppenheimer on Friday, August 25 with “Hold”. On Thursday, October 22 the stock rating was initiated by Barclays Capital with “Equal-Weight”. On Tuesday, May 3 the stock rating was upgraded by Barclays Capital to “Overweight”. JP Morgan initiated the stock with “Overweight” rating in Thursday, December 17 report. Stifel Nicolaus upgraded the shares of RSG in report on Thursday, January 4 to “Buy” rating. Oppenheimer maintained the stock with “Hold” rating in Friday, July 28 report. The company was maintained on Monday, February 13 by Stifel Nicolaus. The firm has “Neutral” rating by Sterne Agee CRT given on Tuesday, March 22.

Since January 4, 2018, it had 0 insider purchases, and 8 insider sales for $3.02 million activity. $305,770 worth of Republic Services, Inc. (NYSE:RSG) was sold by Collins Tomago. Another trade for 1,290 shares valued at $88,288 was made by GOEBEL BRIAN A on Tuesday, January 16. $632,192 worth of Republic Services, Inc. (NYSE:RSG) was sold by Vander Ark Jon on Tuesday, March 20. Another trade for 8,118 shares valued at $540,836 was made by RODRIGUEZ RAMON A on Friday, February 23. On Wednesday, May 30 Hughes Jeffrey A sold $1.10 million worth of Republic Services, Inc. (NYSE:RSG) or 16,200 shares.

Analysts await Republic Services, Inc. (NYSE:RSG) to report earnings on July, 26. They expect $0.79 EPS, up 29.51% or $0.18 from last year’s $0.61 per share. RSG’s profit will be $259.06 million for 21.87 P/E if the $0.79 EPS becomes a reality. After $0.74 actual EPS reported by Republic Services, Inc. for the previous quarter, Wall Street now forecasts 6.76% EPS growth.

Another recent and important Republic Services, Inc. (NYSE:RSG) news was published by Seekingalpha.com which published an article titled: “Republic Services: One Man’s Waste Disposal Service Is Another Man’s Next Stock Purchase” on May 29, 2018.

Investors sentiment decreased to 0.87 in 2018 Q1. Its down 0.06, from 0.93 in 2017Q4. It worsened, as 41 investors sold Republic Services, Inc. shares while 203 reduced holdings. 63 funds opened positions while 149 raised stakes. 191.63 million shares or 1.79% less from 195.12 million shares in 2017Q4 were reported. Dupont Management reported 0.03% in Republic Services, Inc. (NYSE:RSG). Tci Wealth Inc invested in 0.01% or 241 shares. Quantitative Management invested 0.09% of its portfolio in Republic Services, Inc. (NYSE:RSG). First Amer Financial Bank owns 15,868 shares or 0.08% of their US portfolio. Millennium Mgmt Ltd Com accumulated 9,682 shares. Mariner Ltd Llc holds 0.02% in Republic Services, Inc. (NYSE:RSG) or 7,299 shares. 6,973 were accumulated by Profund Advsr Limited Liability Co. Horizon invested 0.12% of its portfolio in Republic Services, Inc. (NYSE:RSG). Commercial Bank Of Montreal Can stated it has 1.00 million shares or 0.06% of all its holdings. Boston Private Wealth Ltd Llc has 33,750 shares for 0.09% of their portfolio. Kentucky Retirement has 0.07% invested in Republic Services, Inc. (NYSE:RSG) for 11,754 shares. Price T Rowe Assoc Md stated it has 0.05% of its portfolio in Republic Services, Inc. (NYSE:RSG). Barclays Public Ltd Company stated it has 543,987 shares. Ingalls & Snyder Ltd Liability Com, New York-based fund reported 29,183 shares. Voya Inv Mgmt Limited Liability Co reported 0.02% stake.

Republic Services, Inc., together with its subsidiaries, provides non-hazardous solid waste collection, transfer, recycling, disposal, and energy services for commercial, industrial, municipal, and residential clients in the United States and Puerto Rico. The company has market cap of $22.66 billion. The companyÂ’s collection services include curbside collection of waste; supply of waste containers; and renting of compactors. It has a 17.5 P/E ratio. It is also involved in the processing and sale of old corrugated cardboard, old newspapers, aluminum, glass, and other materials; and provision of landfill services.

Among 24 analysts covering Equinix (NASDAQ:EQIX), 23 have Buy rating, 0 Sell and 1 Hold. Therefore 96% are positive. Equinix had 72 analyst reports since July 31, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Tuesday, October 24 by Deutsche Bank. As per Thursday, February 16, the company rating was maintained by Stifel Nicolaus. The firm earned “Buy” rating on Thursday, February 15 by Wells Fargo. SunTrust maintained Equinix, Inc. (NASDAQ:REIT) on Thursday, October 12 with “Buy” rating. Oppenheimer maintained the shares of EQIX in report on Wednesday, August 2 with “Buy” rating. Guggenheim maintained it with “Buy” rating and $515.0 target in Thursday, February 15 report. On Thursday, August 3 the stock rating was maintained by Stifel Nicolaus with “Buy”. The rating was upgraded by Cowen & Co on Friday, February 19 to “Outperform”. RBC Capital Markets maintained the shares of EQIX in report on Friday, July 7 with “Buy” rating. Canaccord Genuity maintained it with “Buy” rating and $315 target in Thursday, July 30 report.

Since December 14, 2017, it had 0 insider purchases, and 31 insider sales for $32.23 million activity. $165,032 worth of stock was sold by Meyers Charles J on Thursday, March 15. VAN CAMP PETER sold 1,593 shares worth $703,395. Another trade for 10,706 shares valued at $4.74 million was sold by Smith Stephen M. Another trade for 5,960 shares valued at $2.40M was sold by Lee Yau Tat. Shares for $785,503 were sold by TAYLOR KEITH D. Shares for $435,490 were sold by STROHMEYER KARL on Tuesday, February 27. $46,115 worth of Equinix, Inc. (NASDAQ:REIT) was sold by Campbell Michael Earl on Thursday, March 1.

Another recent and important Equinix, Inc. (NASDAQ:REIT) news was published by Nasdaq.com which published an article titled: “PacketFabric’s Connectivity-as-a-Service Platform Expanding to London” on June 05, 2018.

Republic Services, Inc. (NYSE:RSG) Institutional Positions Chart

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