Avior Wealth Management LLC Grows Stake in Republic Services, Inc. (NYSE:RSG)

Avior Wealth Management LLC increased its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 4.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,503 shares of the business services provider’s stock after purchasing an additional 430 shares during the quarter. Avior Wealth Management LLC’s holdings in Republic Services were worth $2,113,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in RSG. FSA Wealth Management LLC acquired a new stake in shares of Republic Services in the 3rd quarter valued at about $25,000. Wolff Wiese Magana LLC raised its position in Republic Services by 351.6% in the 3rd quarter. Wolff Wiese Magana LLC now owns 140 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 109 shares during the last quarter. Webster Bank N. A. acquired a new stake in Republic Services during the 3rd quarter worth $31,000. Truvestments Capital LLC purchased a new position in Republic Services during the 3rd quarter worth $34,000. Finally, Ashton Thomas Securities LLC purchased a new stake in shares of Republic Services in the third quarter valued at about $39,000. 57.73% of the stock is currently owned by hedge funds and other institutional investors.

Republic Services Price Performance

NYSE:RSG opened at $212.28 on Friday. The firm has a market cap of $66.47 billion, a price-to-earnings ratio of 33.96, a price-to-earnings-growth ratio of 3.07 and a beta of 0.73. Republic Services, Inc. has a 12-month low of $168.58 and a 12-month high of $220.58. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.07. The company’s 50-day moving average is $209.32 and its two-hundred day moving average is $204.93.

Republic Services (NYSE:RSG) last released its earnings results on Tuesday, October 29th. The business services provider reported $1.81 EPS for the quarter, topping 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 firm had revenue of $4.08 billion during the quarter, compared to analysts’ expectations of $4.12 billion. During the same period in the previous year, the company earned $1.54 EPS. Republic Services’s revenue for the quarter was up 6.5% on a year-over-year basis. Research analysts expect that Republic Services, Inc. will post 6.25 EPS for the current year.

Insider Buying and Selling

In other Republic Services news, Director Katharine Weymouth sold 1,859 shares of the stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $215.27, for a total transaction of $400,186.93. Following the transaction, the director now owns 879 shares of the company’s stock, valued at $189,222.33. This trade represents a 67.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Brian M. Delghiaccio sold 5,071 shares of the business’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 $1,326,906.36. This represents a 44.53 % 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 company insiders.

Analyst Upgrades and Downgrades

RSG has been the topic of several analyst reports. Scotiabank began coverage on Republic Services in a research note on Friday, October 4th. They issued a “sector perform” rating and a $224.00 target price on the stock. Oppenheimer lifted their price objective on Republic Services from $219.00 to $220.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Jefferies Financial Group increased their target price on Republic Services from $235.00 to $244.00 and gave the stock a “buy” rating in a research note on Thursday. Morgan Stanley upped their price objective on Republic Services from $217.00 to $220.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. Finally, Royal Bank of Canada raised shares of Republic Services from a “sector perform” rating to an “outperform” rating and upped 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 issued a buy rating to the stock. According to MarketBeat.com, Republic Services currently has a consensus rating of “Moderate Buy” and an average price target of $222.24.

Republic Services Company 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.