What Is the Outlook for Republic Services Shares?

After this morning's 4.6% surge to $143.99 per share, Republic Services might just keep moving past its target price of $149.25. With an average analyst rating of buy, and target prices from $136.0 to $173.0, the stock's next move is anyone's guess.

Republic Services's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 0.9%. The stock's short ratio is 1.35. At 0.1%, the company's rate of insider ownership does not indicate that management is heavily invested in the corporation.

Another number to watch is the company's rate of institutional share ownership, which now stands at 94.6%. In conclusion, we believe there is mixed market sentiment regarding Republic Services.

Institutions Invested in Republic Services

Date Reported Holder Percentage Shares Value
2022-12-31 Blackrock Inc. 7% 20,819,639 $2,997,819,933
2022-12-31 Vanguard Group, Inc. (The) 6% 18,272,564 $2,631,066,590
2022-12-31 State Street Corporation 3% 9,047,574 $1,302,760,229
2022-12-31 Pictet Asset Management SA 2% 7,339,757 $1,056,851,650
2022-12-31 Geode Capital Management, LLC 1% 4,425,487 $637,225,897
2022-12-31 JP Morgan Chase & Company 1% 4,389,386 $632,027,714
2022-12-31 Price (T.Rowe) Associates Inc 1% 3,919,350 $564,347,228
2023-03-31 Nordea Investment Management AB 1% 3,799,812 $547,134,950
2023-03-31 Allspring Global Investments Holdings, LLC 1% 3,720,836 $535,763,196
2022-12-31 Dimensional Fund Advisors LP 1% 3,396,343 $489,039,447
The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.