Ballentine Partners LLC Purchases 105 Shares of Republic Services, Inc. (NYSE:RSG)

Ballentine Partners LLC increased its position in Republic Services, Inc. (NYSE:RSG) by 1.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 7,687 shares of the business services provider’s stock after buying an additional 105 shares during the period. Ballentine Partners LLC’s holdings in Republic Services were worth $1,546,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. TCW Group Inc. raised its holdings in Republic Services by 13.0% in the 3rd quarter. TCW Group Inc. now owns 114,582 shares of the business services provider’s stock worth $23,013,000 after acquiring an additional 13,138 shares during the period. Avanza Fonder AB acquired a new stake in Republic Services in the 4th quarter worth $4,430,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Republic Services in the 3rd quarter worth $6,102,000. Lifeworks Advisors LLC grew its position in Republic Services by 1,112.3% in the 3rd quarter. Lifeworks Advisors LLC now owns 21,469 shares of the business services provider’s stock worth $4,312,000 after purchasing an additional 19,698 shares during the last quarter. Finally, Pallas Capital Advisors LLC acquired a new stake in Republic Services in the 4th quarter worth $204,000. Institutional investors own 57.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. CIBC boosted their price target on shares of Republic Services from $217.00 to $227.00 and gave the company a “neutral” rating in a research report on Wednesday, December 4th. Scotiabank initiated coverage on shares of Republic Services in a research note on Friday, October 4th. They issued a “sector perform” rating and a $224.00 target price for the company. William Blair initiated coverage on shares of Republic Services in a research note on Thursday, October 3rd. They set an “outperform” rating for the company. Deutsche Bank Aktiengesellschaft raised shares of Republic Services from a “hold” rating to a “buy” rating and boosted their price target for the stock from $219.00 to $237.00 in a research note on Tuesday, December 10th. Finally, Royal Bank of Canada raised shares of Republic Services from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from $219.00 to $237.00 in a research note on Monday, January 6th. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, Republic Services presently has an average rating of “Moderate Buy” and a consensus price target of $221.12.

Insider Buying and Selling

In other Republic Services news, CFO Brian M. Delghiaccio sold 5,071 shares of the company’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $210.02, for a total transaction of $1,065,011.42. Following the sale, the chief financial officer now directly owns 6,318 shares of the company’s stock, valued at approximately $1,326,906.36. This represents a 44.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Katharine Weymouth sold 1,859 shares of the company’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $215.27, for a total transaction of $400,186.93. Following the sale, the director now directly owns 879 shares in the company, valued at $189,222.33. This trade represents a 67.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by corporate insiders.

Republic Services Stock Up 0.5 %

Republic Services stock opened at $214.87 on Wednesday. The stock has a market capitalization of $67.29 billion, a PE ratio of 34.38, a price-to-earnings-growth ratio of 3.10 and a beta of 0.73. Republic Services, Inc. has a twelve month low of $167.51 and a twelve month high of $220.58. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.07. The company has a 50 day moving average of $209.31 and a 200-day moving average of $204.74.

Republic Services (NYSE:RSG) last released its quarterly earnings results on Tuesday, October 29th. The business services provider reported $1.81 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.20. Republic Services had a net margin of 12.46% and a return on equity of 18.18%. The company had revenue of $4.08 billion during the quarter, compared to analysts’ expectations of $4.12 billion. During the same quarter in the prior year, the company earned $1.54 earnings per share. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. On average, equities research analysts anticipate that Republic Services, Inc. will post 6.25 EPS for the current fiscal year.

Republic Services Profile

Republic Services, Inc, together with its subsidiaries, offers environmental services in the United States and Canada. It is involved in the collection and processing of recyclable, solid waste, and industrial waste materials; transportation and disposal of non-hazardous and hazardous waste streams; and other environmental solutions.