Princeton Global Asset Management LLC Has $2.36 Million Stock Position in Republic Services, Inc. (NYSE:RSG)

Princeton Global Asset Management LLC raised its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 5.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 11,724 shares of the business services provider’s stock after buying an additional 595 shares during the quarter. Princeton Global Asset Management LLC’s holdings in Republic Services were worth $2,359,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of RSG. TCW Group Inc. lifted its position in shares of Republic Services by 13.0% during the 3rd quarter. TCW Group Inc. now owns 114,582 shares of the business services provider’s stock worth $23,013,000 after buying an additional 13,138 shares during the period. Avanza Fonder AB acquired a new stake in shares of Republic Services in the 4th quarter valued at $4,430,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Republic Services in the 3rd quarter worth about $6,102,000. Lifeworks Advisors LLC increased its position in shares of Republic Services by 1,112.3% during 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 in the last quarter. Finally, Czech National Bank boosted its position in Republic Services by 6.1% in the fourth quarter. Czech National Bank now owns 44,134 shares of the business services provider’s stock valued at $8,879,000 after buying an additional 2,548 shares in the last quarter. Institutional investors and hedge funds own 57.73% of the company’s stock.

Insider Activity at Republic Services

In other news, 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 value of $1,065,011.42. Following the sale, the chief financial officer now owns 6,318 shares of the company’s stock, valued at $1,326,906.36. The trade was a 44.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Katharine Weymouth sold 1,859 shares of Republic Services 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 completion of the sale, the director now owns 879 shares in the company, valued at $189,222.33. The trade was 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 insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on RSG shares. BMO Capital Markets raised shares of Republic Services from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $211.00 to $238.00 in a report on Friday, December 6th. Oppenheimer lifted their price objective on Republic Services from $219.00 to $220.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft upgraded Republic Services from a “hold” rating to a “buy” rating and increased their target price for the stock from $219.00 to $237.00 in a report on Tuesday, December 10th. Royal Bank of Canada raised Republic Services from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from $219.00 to $237.00 in a report on Monday, January 6th. Finally, Truist Financial lifted their target price on Republic Services from $220.00 to $244.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Republic Services has an average rating of “Moderate Buy” and a consensus target price of $222.24.

Republic Services Stock Performance

Shares of RSG stock opened at $216.82 on Monday. The company has a market capitalization of $67.90 billion, a P/E ratio of 34.69, a price-to-earnings-growth ratio of 3.17 and a beta of 0.74. Republic Services, Inc. has a 52 week low of $169.83 and a 52 week high of $220.58. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.64 and a current ratio of 0.64. The company’s 50 day moving average price is $209.77 and its two-hundred day moving average price is $205.71.

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.