Republic Services, Inc. (NYSE:RSG) Holdings Decreased by Mediolanum International Funds Ltd

Mediolanum International Funds Ltd trimmed its position in Republic Services, Inc. (NYSE:RSG) by 57.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 7,118 shares of the business services provider’s stock after selling 9,423 shares during the period. Mediolanum International Funds Ltd’s holdings in Republic Services were worth $1,429,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. FSA Wealth Management LLC acquired a new position in Republic Services during the 3rd quarter valued at approximately $25,000. Wolff Wiese Magana LLC boosted 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 during the period. Webster Bank N. A. acquired a new position in Republic Services during the 3rd quarter valued at approximately $31,000. R Squared Ltd acquired a new position in Republic Services during the 4th quarter valued at approximately $32,000. Finally, Truvestments Capital LLC acquired a new position in Republic Services during the 3rd quarter valued at approximately $34,000. 57.73% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Truist Financial boosted their price objective on Republic Services from $220.00 to $244.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Jefferies Financial Group boosted their price target on Republic Services from $235.00 to $244.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Deutsche Bank Aktiengesellschaft upgraded 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 report on Tuesday, December 10th. CIBC boosted their price target on Republic Services from $217.00 to $227.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 4th. Finally, Oppenheimer boosted their price target on Republic Services from $219.00 to $220.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Six equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, Republic Services currently has an average rating of “Moderate Buy” and an average target price of $222.24.

Insider Transactions at Republic Services

In related news, 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 transaction, the director now directly owns 879 shares of the company’s stock, valued at approximately $189,222.33. The trade was a 67.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 value of $1,065,011.42. Following the transaction, the chief financial officer now directly owns 6,318 shares in the company, valued at $1,326,906.36. The trade was 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 owned by insiders.

Republic Services Stock Down 0.7 %

Shares of Republic Services stock opened at $216.82 on Monday. The stock’s fifty day moving average is $209.77 and its 200-day moving average is $205.71. The firm has a market capitalization of $67.90 billion, a PE ratio of 34.69, a price-to-earnings-growth ratio of 3.11 and a beta of 0.73. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.07. Republic Services, Inc. has a 12-month low of $169.83 and a 12-month high of $220.58.

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.