McGlone Suttner Wealth Management Inc. Increases Stake in Republic Services, Inc. (NYSE:RSG)

McGlone Suttner Wealth Management Inc. raised its position in Republic Services, Inc. (NYSE:RSG) by 2.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,213 shares of the business services provider’s stock after purchasing an additional 48 shares during the quarter. McGlone Suttner Wealth Management Inc.’s holdings in Republic Services were worth $445,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of RSG. FSA Wealth Management LLC purchased a new stake in shares of Republic Services during the third quarter valued at $25,000. Wolff Wiese Magana LLC raised its position in Republic Services by 351.6% during 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 in the last quarter. Webster Bank N. A. purchased a new stake in shares of Republic Services in the 3rd quarter worth $31,000. Truvestments Capital LLC purchased a new position in shares of Republic Services during the third quarter valued at $34,000. Finally, Ashton Thomas Securities LLC bought a new stake in shares of Republic Services in the third quarter valued at about $39,000. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Republic Services Stock Performance

Shares of RSG stock opened at $212.28 on Friday. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.64 and a quick ratio of 0.64. The business has a fifty day moving average of $209.32 and a 200 day moving average of $204.93. The firm has a market capitalization 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 1 year low of $168.58 and a 1 year high of $220.58.

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 analysts’ consensus estimates of $1.61 by $0.20. Republic Services had a return on equity of 18.18% and a net margin of 12.46%. The firm had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $4.12 billion. During the same quarter in the previous year, the company posted $1.54 earnings per share. The company’s revenue was up 6.5% compared to the same quarter last year. As a group, research analysts expect that Republic Services, Inc. will post 6.25 earnings per share for the current year.

Insider Transactions at Republic Services

In other news, Director Katharine Weymouth sold 1,859 shares of the firm’s 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 sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Brian M. Delghiaccio sold 5,071 shares of the stock in a transaction on Tuesday, November 19th. The stock was 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 in the company, valued at $1,326,906.36. This trade represents a 44.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.09% of the company’s stock.

Analyst Ratings Changes

RSG has been the subject of several recent research reports. BMO Capital Markets upgraded shares of Republic Services from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $211.00 to $238.00 in a report on Friday, December 6th. CIBC upped their target price on Republic Services from $217.00 to $227.00 and gave the stock a “neutral” rating in a report on Wednesday, December 4th. William Blair initiated coverage on Republic Services in a report on Thursday, October 3rd. They issued an “outperform” rating on the stock. Deutsche Bank Aktiengesellschaft upgraded Republic Services from a “hold” rating to a “buy” rating and upped their price objective for the stock from $219.00 to $237.00 in a research note on Tuesday, December 10th. Finally, Truist Financial boosted their target price on shares of Republic Services from $220.00 to $244.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $222.24.

About Republic Services

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.