Financial Life Planners Makes New Investment in Republic Services, Inc. (NYSE:RSG)

Financial Life Planners purchased a new position in shares of Republic Services, Inc. (NYSE:RSG) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 253 shares of the business services provider’s stock, valued at approximately $51,000.

Other large investors have also made changes to their positions in the company. Wellington Management Group LLP boosted its holdings in shares of Republic Services by 23.2% in the 3rd quarter. Wellington Management Group LLP now owns 6,004,199 shares of the business services provider’s stock valued at $1,205,883,000 after purchasing an additional 1,131,850 shares in the last quarter. Geode Capital Management LLC boosted its stake in Republic Services by 1.7% in the third quarter. Geode Capital Management LLC now owns 4,507,521 shares of the business services provider’s stock valued at $903,316,000 after buying an additional 73,207 shares in the last quarter. Nordea Investment Management AB grew its position in Republic Services by 19.4% in the fourth quarter. Nordea Investment Management AB now owns 3,129,322 shares of the business services provider’s stock valued at $626,553,000 after acquiring an additional 509,116 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Republic Services by 2.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,520,738 shares of the business services provider’s stock worth $506,265,000 after acquiring an additional 57,040 shares during the last quarter. Finally, Stifel Financial Corp boosted its stake in shares of Republic Services by 437.9% in the 3rd quarter. Stifel Financial Corp now owns 1,814,613 shares of the business services provider’s stock valued at $364,449,000 after purchasing an additional 1,477,255 shares in the last quarter. Institutional investors and hedge funds own 57.73% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on RSG shares. CIBC upped their price objective on shares of Republic Services from $217.00 to $227.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 4th. Truist Financial increased their price target on Republic Services from $220.00 to $244.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Jefferies Financial Group boosted their price objective on Republic Services from $235.00 to $244.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. BMO Capital Markets raised Republic Services from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $211.00 to $238.00 in a research note on Friday, December 6th. Finally, Royal Bank of Canada raised Republic Services from a “sector perform” rating to an “outperform” rating and upped their price objective for the company 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 has a consensus rating of “Moderate Buy” and an average price target of $222.24.

Republic Services Stock Down 0.7 %

Shares of Republic Services stock opened at $216.82 on Monday. The stock’s 50-day moving average is $209.77 and its 200 day moving average is $205.71. Republic Services, Inc. has a one year low of $169.83 and a one year high of $220.58. The firm has a market cap of $67.90 billion, a price-to-earnings ratio of 34.69, a PEG ratio of 3.17 and a beta of 0.74. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.64 and a quick ratio of 0.64.

Insiders Place Their Bets

In related news, Director Katharine Weymouth sold 1,859 shares of the stock in a transaction 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 directly owns 879 shares of the company’s stock, valued at $189,222.33. This represents a 67.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Brian M. Delghiaccio sold 5,071 shares of Republic Services 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 completion of 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 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.

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.