New York State Common Retirement Fund Trimmed Its Holding in Republic Services (RSG) by $2.48 Million as Market Value Rose; As Diageo Plc (DEO) Stock Price Rose, Gratry & Company Has Cut Its Position

June 29, 2018 - By Henry Gaston

Diageo plc (NYSE:DEO) Logo

New York State Common Retirement Fund decreased its stake in Republic Services Inc (RSG) by 6.18% based on its latest 2018Q1 regulatory filing with the SEC. New York State Common Retirement Fund sold 37,500 shares as the company’s stock rose 1.07% while stock markets declined. The institutional investor held 569,081 shares of the public utilities company at the end of 2018Q1, valued at $37.69 million, down from 606,581 at the end of the previous reported quarter. New York State Common Retirement Fund who had been investing in Republic Services Inc for a number of months, seems to be less bullish one the $22.59 billion market cap company. The stock increased 0.55% or $0.38 during the last trading session, reaching $68.885. About 402,538 shares traded. Republic Services, Inc. (NYSE:RSG) has risen 7.75% since June 29, 2017 and is uptrending. It has underperformed by 4.82% the S&P500. Some Historical RSG News: 13/04/2018 – Newman Ferrara LLP Announces Corporate Governance Investigation of Republic Services, Inc. – RSG; 15/03/2018 Teamsters Local 284 Files Lawsuit Against Republic Services For Wage Violations; 07/05/2018 – REPUBLIC SERVICES TO Baa2 FROM Baa3 BY MOODY’S, OUTLOOK STABLE; 18/04/2018 – This Earth Day, Take #1MORE Step to Being a Better Recycler; 07/05/2018 – Moody’s Upgrades Republic Services’ Senior Unsecured Rating To Baa2; Outlook To Stable; 04/05/2018 – S&PGR Rts Republic Services’ $800M Sr Unscrd Nts ‘BBB+’; 02/05/2018 – Republic Services 1Q Net $237.9M; 21/04/2018 – DJ Republic Services Inc, Inst Holders, 1Q 2018 (RSG); 02/04/2018 – Cal EMA Spills: SPILL Report – Republic Services – 04/02/2018 05:07 PM; 02/05/2018 – REPUBLIC SERVICES 1Q REV. $2.43B, EST. $2.42B

Gratry & Company Llc decreased its stake in Diageo Plc (DEO) by 17.61% based on its latest 2018Q1 regulatory filing with the SEC. Gratry & Company Llc sold 2,508 shares as the company’s stock rose 4.97% while stock markets declined. The institutional investor held 11,734 shares of the beverages (production and distribution) company at the end of 2018Q1, valued at $1.59 million, down from 14,242 at the end of the previous reported quarter. Gratry & Company Llc who had been investing in Diageo Plc for a number of months, seems to be less bullish one the $89.51 billion market cap company. The stock increased 0.23% or $0.33 during the last trading session, reaching $144.33. About 252,396 shares traded. Diageo plc (NYSE:DEO) has risen 20.09% since June 29, 2017 and is uptrending. It has outperformed by 7.52% the S&P500. Some Historical DEO News: 06/03/2018 – Diageo North America Named Among Top Companies for Executive Women; 15/05/2018 – NEW DEAL: Diageo $Benchmark; 2Y, 2Y FRN, 5Y, 10Y; 02/05/2018 – Diageo Appoints New Executives in North America; 05/04/2018 – Blade and Bow 22-Year-Old Kentucky Straight Bourbon Whiskey Returns with a Limited Re-Release ahead of Derby Day; 16/05/2018 – DIAGEO SEES MID-TO-HIGH LATAM SALES, PROFIT GROWTH IN MIDTERM; 02/05/2018 – Diageo Appoints Ed Pilkington Chief Marketing and Innovation Officer, Diageo North America; 24/04/2018 – Bulleit Partners with Tribeca Film FestivalĀ® to Celebrate the Modern Frontier of Film and those Disrupting the Industry through Innovation; 25/05/2018 – FOCUS-Aperitif, anyone? Spirits firms chase cocktail for growth; 16/03/2018 – Diageo Among Top Marketers Recognized For Shopper Marketing Effectiveness At North American Shopper Marketing Effie Awards; 24/05/2018 – Diageo Is Said to Seek Popov, Myers’s Sale for Up to $1 Billion

More news for Republic Services, Inc. (NYSE:RSG) were recently published by: Globenewswire.com, which released: “Report: Exploring Fundamental Drivers Behind Chegg, CH Robinson Worldwide, Republic Services, CorMedix …” on June 26, 2018. Bizjournals.com‘s article titled: “Largest Arizona-based public companies bring in $114B in revenue” and published on June 22, 2018 is yet another important article.

New York State Common Retirement Fund, which manages about $80.46 billion US Long portfolio, upped its stake in Sap Ag Spons Adr (NYSE:SAP) by 102,616 shares to 111,116 shares, valued at $11.69M in 2018Q1, according to the filing. It also increased its holding in Cna Financial Corp (NYSE:CNA) by 13,500 shares in the quarter, for a total of 191,700 shares, and has risen its stake in Visa Inc (NYSE:V).

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 $259.06M for 21.80 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.

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 stock has “Neutral” rating by Goldman Sachs on Tuesday, November 1. Credit Suisse maintained it with “Neutral” rating and $67 target in Monday, November 6 report. Bank of America maintained the shares of RSG in report on Thursday, October 5 with “Buy” rating. On Tuesday, May 3 the stock rating was upgraded by Barclays Capital to “Overweight”. The company was downgraded on Thursday, August 27 by Zacks. The firm earned “Buy” rating on Friday, November 6 by Bank of America. The rating was upgraded by Argus Research on Thursday, May 10 to “Buy”. Argus Research initiated it with “Hold” rating and $50 target in Wednesday, May 18 report. As per Sunday, November 8, the company rating was initiated by Bank of America. On Friday, July 28 the stock rating was maintained by BMO Capital Markets with “Outperform”.

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) shares were sold by Collins Tomago. Hughes Jeffrey A sold $1.10M worth of stock or 16,200 shares. Vander Ark Jon had sold 9,236 shares worth $632,192. RODRIGUEZ RAMON A also sold $540,836 worth of Republic Services, Inc. (NYSE:RSG) on Friday, February 23.

Investors sentiment decreased to 0.87 in 2018 Q1. Its down 0.06, from 0.93 in 2017Q4. It dived, as 41 investors sold RSG 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. Gulf Retail Bank (Uk) Ltd has 0.06% invested in Republic Services, Inc. (NYSE:RSG) for 73,114 shares. Huntington Savings Bank has 0% invested in Republic Services, Inc. (NYSE:RSG). Deutsche Commercial Bank Ag stated it has 0.04% of its portfolio in Republic Services, Inc. (NYSE:RSG). The Ohio-based Strs Ohio has invested 0.01% in Republic Services, Inc. (NYSE:RSG). 1,000 are owned by Farmers Merchants Inc. Meiji Yasuda Life holds 0.08% or 8,190 shares. Johnson Financial Gru reported 16,455 shares. 46 are owned by Cornerstone Advsr Incorporated. 5,233 are held by Cambridge Inv Advsr Inc. 16,814 are owned by Cibc World. Legal & General Public Ltd accumulated 1.31 million shares. Greenwood Cap Ltd Llc stated it has 0.05% in Republic Services, Inc. (NYSE:RSG). 10,758 were accumulated by Global X Mgmt Ltd. Raymond James And Associates accumulated 376,284 shares. Kentucky Retirement System Insur Trust Fund reported 0.07% in Republic Services, Inc. (NYSE:RSG).

Among 26 analysts covering Diageo (NYSE:DEO), 17 have Buy rating, 2 Sell and 7 Hold. Therefore 65% are positive. Diageo had 43 analyst reports since July 31, 2015 according to SRatingsIntel. Goldman Sachs maintained Diageo plc (NYSE:DEO) on Wednesday, September 23 with “Sell” rating. The stock of Diageo plc (NYSE:DEO) has “Buy” rating given on Thursday, September 24 by Natixis. The stock has “Hold” rating by Societe Generale on Monday, June 27. The firm has “Buy” rating given on Friday, July 31 by Deutsche Bank. The firm earned “Buy” rating on Monday, April 24 by Jefferies. The company was maintained on Thursday, January 11 by Jefferies. The rating was maintained by Credit Suisse on Friday, July 31 with “Neutral”. The firm has “Buy” rating by UBS given on Thursday, October 1. The firm has “Buy” rating by HSBC given on Wednesday, October 26. As per Friday, July 31, the company rating was maintained by Berenberg.

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

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.